Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Battered by the covert 19 outbreak we take a deep dive into the fate of the industry with expert analysis with a packed show today so lets dive right in. And we lead the program with the latest jobs at this 6 in the United States now the u. S. Labor Department Said thursday initial jobless claims for the week ending the 15th of august came in just over one point 1000000. 00 analysts had expected a downward trend to continue after claims fell below 1000000. 00 for the 1st time in nearly 5 months the week prior now the Labor Department also reported that continuing claims which measure those receiving benefits for at least 2 weeks declined by more than 630000 leaving those still seeking benefits at just over 14800000 but well below the nearly 25000000 witnessed back in may prior to the release of these latest figures white house economic adviser larry kudlow told reporters wednesday the countrys economy is rebounding. Quote very very strongly adding that its on a selfsustaining recovery
Excellence i think thats the most important thing and theres a thats the essence of what we mean by Free Enterprise its supposed to be equal rules for everyone and that is not the situation today people making the point that facebook for instance have had more influence than than most governments but is there anything wrong with that why should governments have a monopoly on power. Thats such a fascinating question as governments become centralized in any fashion there is opportunities for collusion with with businesses that are succeeding at a certain level thats when we start having this stratified rule set the rule of law starts to break down in any country and once company can overtake and work with the politician is supposed to be protecting the public then you can get some you know problematic behavior thats unaccountable and then the rule of law breaks down again that wraps it up appreciate the company throughout the morning and early afternoon to stick with ulti if you can plen
We have seen strength. It has reached 690. That could mean a path to a level not seen since january. The hang seng up 1. 5 . Take a look at where we are in terms of emerging markets. They are trading higher. 1 shy of a recent losses. The kospi is up. The south korean assets will be watched today as it is expected to stoper restrictions a flareup. Gold down to 1943. Lets get to first word news with Karina Mitchell in new york. Karina President Trump is welcoming a coronavirus treatment that involves blood plasma from corrupt recovered patients, saying it will be expanded to more sufferers after the fda approved its use. This makes it easier to make it accessible. Even though its full effectiveness has not been proven. The fda has concluded the treatment is safe and works. Virushas marked a grim milestone topping 3 million infections as the outbreak accelerates. New cases rose by 59,000 sunday with 57,000 people having died in total. South korea is considering imposing tighter Health Res
Going to happen here and what are the contagion effect of these persistently high unemployment numbers on the economy. Could have been brought back to listen lets face it the numbers are great but the economy is slowly reopening and what youre really have is a political battle youve got the democrat the love trying to keep the economy shut so its hard to get people employed when 0. 25 are really still kind of shut down its not logical it makes no sense its a bunch of political crap that unless they resolve it is going to be like this in the elections over they do not want the kind of open they do not want to give president drop any type of victory so the jobs get to really at this point meaning us watch the markets we know that the economy and markets relate but theres plenty of money being invested and markets are making new highs and again we now understand that its the politics that are holding these jobs back not the economy christine i want to get you to weigh in on the. Quickly b