We are talking about the relief, but what about the underlying illness . It is as strong as ever. Hotspots week, we saw in new york, texas, california. Outside the u. S. , surges and france and spain. New records being set. The u. K. Locking down again. It is pretty big layout there. Coronavirus has change the way we function in trade. Some employees working from home permanently. People have to reconfront that this virus is here and it is coming back. Romaine i think that is the key word. We partner with Johns Hopkins university to track this data. As of midday today, you have about 3. 7 million confirmed cases around the globe. More than one million deaths. This chart is what is giving people a lot of concern. What transpired over the last week. A rise in cases. 9 jump in spain. 14 jump in the u. K. 16 jump in france. You have the government talking about declaring a state of emergency. Germany saying they face a crucial moment. Johnson saying he will outline new virus measures on mo
Pandemic. Todyman continue if we start open up the economy . Can that continue with we start to open up the economy . And what is the recourse if you wake up in your robinhood account has been drained . Good news, Abigail Doolittle is here with us. Her account has not been drained, but she has been here with us all day. Risk on we had a nether that day. Not just a risk on week, but a second in a row. For the nasdaq, third. That september felt so bearish, and it was, but we seem to have really recovered from that. Today and this week after so many whipsaws around stimulus on and off, right now there is hope among investors that stimulus is on and a big deal could be agreed on. Nearly on the week up 4 . Nasdaq having its third up week time we have first seen that since august. A big driver for both of these indexes, amazon, up 5. 2 . There could be quite a bit of upside there. Nextf course prime day is week. Thats something investors are looking forward to. Wererming risk on, bonds down
Taylor riggs has been diving into all of it. Tech has been the winner of the week. Where do you see the strength . Index the s p 500 tech was the second best performer this week and it was up 6. 5 . You mentioned the dismal economic data. Tech and the markets overall are looking past this, perhaps thinking that the worst is behind us. You hear Companies Like uber seeing green shoots in their demand recovery. Zillow saying people want to buy and sell these homes. It was notable that tech did not leave the gains. Up until this point, the nasdaq is the highest impact since february. Despite underperformance today, i continue to be surprised at the resiliency of the tech sector. Emily what about bonds . Taylor the two year yield hit a record low of 10 basis points at one point today. We ended up coming off that low a little bit. But the bond markets are giving us ominous signs of what is going on. The markets are pricing in a negative federal funds rate. That hell has said doesnt want nega
Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
Making the return of merchandise a more customer friendly experience. That is the goal of this organization and we speak to its ceo. Four potential competitors are demanding mark give uprg be forced to control of facebook. In a lawsuit, they get use facebook of anticompetitive behavior. They also want it to sell whatsapp. Facebook says the claims are without merit. Partner in we have a and a cocounsel in the case. Great to have you with us. I wanted you to talk about the lawsuit wanting Mark Zuckerberg to be forced to give up control of facebook. Is this possible and why . As of now, he has incontestable control over the company. His class of shares overpowers the class a shares. He has Carte Blanche to do what he wants with the company. Hehe board. If you look at the details of our lawsuit, the anticompetitive scheme was hashed and commanded straight from him and there is no reason to believe that if you facebook key assets, that you would ever fix the systemic problem. There is great