all. let s get to it. we kick things off from a monster move from microsoft. they are surging josh lipton is fresh off the call what s the news here we have microsoft executives talking to analysts. cfo amy hood saying commercial cloud 16.7 billion with growth accelerating calling that an overall p.c. market that was stronger than expected the ad market showing improvement of course benefitting search and linkedin. in broad strokes we re seeing a new age of digital transformation and microsoft is powering that with the cloud platform and investing to bring more customers going line by line linkedin revenue up 23% and record levels of engagement. teams 60 million daily active users on mobile alone now and gaming surpassed 5 billion in revenue for the first time the launch of the new console was the most successful. we re gaining console share. did you say 60 million daily acty users on mobile alone 6-0? he did talk about teams and gave that stat 6 0 million daily actacti
and it would obviously be fairly strong gains the week after the weakness we saw in the broader markets last week. not a lot of individual news this morning, jim. but always curious as to what caught your attention. oil at 40 makes people feel, wait a second, maybe the economy is not so bad. maybe that s the v. we have of course an apple price target boost a couple of companies reported that were not disastrous that s regarded as being positive and the day traders, they don t stop at one point today, we re going to have to talk about them because of a tragic instance that happened. i ve been seeing that in my twitter feed as well i think cnbc has done some reporting on that in terms of robin hood very unfortunate and we ll talk about that and we ll talk about your friend who i know you follow closely, but back to the broader market and back to something we spent a lot of time talking about over these last few years which is china trade. bloomberg is reporting that they w
squawk alley. as you just heard, stocks are continuing to move higher today although off of the highs of the morning. the s&p is up about 0.6% the nasdaq up about 84 points. on track for the fourth week of gains for the major averaging and today it is that reopening trade back in the driver s seat today. it is it is retail names as well at the same time we don t see a buy fur indication it is a shift to more of a focus on e commerce. amazon is up 1%. and facebook is up better than that that to me is interesting. walmart is a stock that has done well prior to things opening up. it is also higher. so there is a mix. i think there is general positivity, larger stocks in general are doing better, but it seems like the market is reacting to not just opening up versus not, but maybe a sense that the economy is starting to find it s footing. it is such a great point, john it is names like micro soft, adobe, some of the big cap tech names. so it seems like today, at least, this
for the country and the economy with ian bremmer who says we should be thinking in terms of three years. plus, we ll speak with kevin durant s business manager about the lockdown of the sport. 59 minutes left of trade iing. let s focus on the big stories mike is tracking today s market action near the highs of the session. phil lebeau watching boeing dragging down the dow. david faber covering the executive shake up at at&t and kayla on the latest round of government stimulus. mike, first you on what we re seeing slight gains, still lower on the week an upward drift here in the afternoon, but as you suggest within the range, obviously just consolidating r very, very big really historic magnitude of a rally we saw during march. april rather we ve come right here, 28 20s is an interesting level in late summer it s kind of rushed up last summer we were afraid of some kind of perhaps tipping into a mild recession. here we are looking at a vastly worse recession. the earnings pi
21.5 million people lost their jobs in april. oil prices have also been higher last check of wti saw it just above $24. that s a began of about $3 that link between oil and stock market futures has been strong too. it has been very, very strong it is interesting. it has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what? it has been stuck here. it is up 11% the next morning it is 26 and then 23 again. at the end of the session, it seemed to go back. we ve been holding at 24 24, 25 that seems to be enough. these futures are up 250 points every morning. at the end of the day, we ve given it back. we are up to 250 again are you kidding me, china, if we are being nice about trade, that s enough to send the markets up again we are back to that? at least it takes the threat off the table. if you start adding tariffs on, i wonder what happens. earlier this week, all of this harsh rhetoric. we talked a