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Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit be ....
14 points. What is going on here . First of all, there are clear signs the lockdown is ending and the economy is expanding. Theres been a big jump in Mortgage Applications and a surprisingly small drop in private sector jobs in may. We are going to check the other indicators for you. They proiare pointing towards growth. June appears to be the turning point. As for urban unrest, look, its very hard to be positive when you see razor wire around saks fifth avenue in new york city. Overall, violence was down last night. Peaceful protesters were out in force and that, in my mind, is a very good thing. Green shoots, something positive this wednesday, june 3rd. Varney company is about to begin. Stuart i think the story of the morning has to be calm. Protesters turned out across the country last night, some defying curfew orders in major cities, new york and d. C. , but it was by and large a calm night. A welcome contrast to the p ....
Now at 11 00 p. M. Breaking news, looters rush a bay area small, smashing windows and grabbing merchandise. Thousands of people hit the streets of oakland to take a stand against police violence. What happened when the curfew took effect. And a wild scene outside the white house as the president threatens military force against protesters. The response tonight. New tonight at 11 00 p. M. , breaking new e. R 5 flew over h mall and a walmart as dozens of cars sped away and police swarmed. Police tell kpix 5 an officer was hit by a car during the chaos. Several people were arrested. No word on how many stores may have been hit by thieves. And a similar situation at the mall in fairfield right now. We are also getting word of looting. Police say someone driven a fork lift through a best bay store. Cities across the region wantag lns an of oswill be lifted at 5 00 a. M. Thousands of people marched in oakland tonight and not all of them cleared out before the curfew. So far officers arrested ....
Stand against police violence. What happened when the curfew took effec wild scene outside the white house as the president threatens military force against protesters. The response tonight. New tonight at 11 00 p. M. , breaking news in the east bay. Looters ransacked a mall tonight. Good evening. Chopper 5 flew over hilltop mall and a walmart as dozens of cars sped away and police swarmed. Police tell kpix 5 an officer was hit by a car during the chaos. Several people were re ores y milasituation atthe. Mall in fairfield right now. We are also getting word of looting. Police say someone driven a fork lift through a best bay store. Cities across the region wants again imposing lockdowns and most of those will be lifted at 5 00 a. M. Thousands of people marched in oakland tonight and not all of them cleared out before the curfew. So far officers arrested more than 100 protesters. Kpix 5s Katie Nielson was with the protesters for mos ....
59 minutes left of trade nasdaq 100,. 2 from a record closing high set in february hard to believe. Seriously is hard to believe. Were up 0. 4 . Coming up on todays show, despite growing dissent, tech stocks once again nearing all time highs well discuss the outlook for the sector amid new challenges with investor dan niles. Plus, powerful words from one of the biggest icons in sports, nba lenld, Kareem Abduljabbar will join us with his compelling message for all americans about the need for what he calls a rush to justice. Lets focus in on the big stories we are watching in this final hour of trade. Mike tracking the Market Action as always. Julia boorstin following the cory russ of dissent inside facebook and courtney covering the civil unrest mike, start us off with the Broader Market and this continued strength we ....