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Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jo ....
Delivering food than transporting passengers for the first time ever. Slightlyes are down after hours. I want to bring it abigail doolittle. I want to start with uber, engagement down 44 . That is the measure of how many passengers they are transporting. What they made in food delivery did not make up for what they lost. Abigail it is an interesting quarter because they beat the estimates but revenues fell for the first time ever. As you were just mentioning, their primary business of ridesharing just not really there. I see get all the time in new york, there are much fewer driven cars out there. They demand simply is not there. Who knows, maybe at least here we will see a little bit of a pickup. But its interesting to see that food did better than ridesharing. It shows you that these companies are trying to adapt to the pandemic. Tmobile put up a big quarter. They beat estimates. They added more than one million subscribers. You were mentioning apple. Nasdaq simplyy keeps climbing. U ....
The Trump Administration is weighing a new weapon in the trade war with china. They are discussing ways to limit portfolio flows into china. A move that could include delisting Major Chinese companies u. S. Exchanges. The move could impact of theions in the markets and nasdaq s p 500 and dow were all in the red following the report. Joining us to discuss is sarah in los angeles who has been covering the trade war. Of u. S. The goal policymakers here . They trying to punish or just protect u. S. Investors . Interesting that with the trade war this is not meant to be provocative or to push china into the corner and remind them of the leverage the u. S. Has. Talks in the these capital restrictions on china are not part of the trade talks and theyre trying to keep them separate. If we look at the marco rubios of the world, whove been trying to push for this kind of thing in ....
Trade war with china. We work snow show. We will review the week in tech. But first to our top story, the Trump Administration is weighing a new weapon in the trade war with china. Bloomberg says officials are discussing ways to limit portfolio flows into china. A move that could include delisting Major ChineseCompanies Like alibaba from u. S. Exchanges. The move could impact of billions in the markets and the nasdaq s p 500 and dow were all in the red following the report. Joining us to discuss in los angeles is bloombergs sarah is whos been covering the trade war. Sarah, what is the goal of u. S. Policymakers here . Are they trying to punish or just protect u. S. Investors . Sarah its interesting that with the trade war this is not meant to be provocative or to push china into the corner and remind them of the le ....