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Tiktok positive covid19 treatment news eli lilly starting phase three of an antibody drug. Well get into that and we have better than expected manufacturing data which along with better than feared earnings is helping lift sentiment. Were on record close watch for the nasdaq 59 minutes left trade. We certainly are. Its up 1. 6 lots to come on todays show well discuss the fast moving developments in the talk between microsoft and tiktok and what a mean would mean for other social media stocks with chris kelly. The plus, big Testing Companies like quest and lab corps warn of back logs and delays, well talk to Gravity Diagnostics ceo we have big Earnings Reports coming your way. Virgin galactic, taketwo and chegg and more well bring you the numbers as they cross and analysis as well. Lets focus in on the big storie ....
Tenyearyearo yields around 2. We sit down with Warren Buffett at 11 30 this morning. Dow futures up making up for almost all of fridays losses after the jobs number. You heard on squawk on the street them calling the fed irresponsible but said the u. S. Is not poised for decline. The i think the u. S. Market is fairly valued, and i think the markets in europe, are several years behind the United States. Europe is a bit more interesting. We see japan with qe infinity being interesting. Thats a relative waiting. Would we expect europe to perform the u. S. And japan outperform . Probably. Had some other choice words for Mary Joe White on the up tick rule. Saying all the volatility were seeing with the swings is not the way its supposed to work, and says that rule should come back. Hes been critical for some time, also of lie ....
Ecb regarding that waver. Jobs number tomorrow. 15 billion deal in pharma pfizer buying hospira in allcash acquisition. Soft outlook for michael kors has the stock reeling. Keurig, l brands and dunkin moving as well. Tomorrow earnings after the bell from twitter. Interview with Dick Costello tomorrow on squawk on the street. Futures on the rise as stocks look to shrug off concerns on greece. Lost on the news ecb greece couldnt use bonds as collateral. Claims raise 11,000 to 278 but the increase less than expected estimate 290. It has been 15 years since weve had two consecutive weeks below 280. Wow. Look, the cross currents here 327 yesterday the market looked like it was going to have not one, not two, but three maybe plus 200 dow days. A beautiful thing, setup great. One headline out of europe and kiboshes the rally. Headlines 330 and 4 30 headlines get better. Down day to up day. Back in that european miasma driving everything c ....
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