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Data and their stock sale this week but first, we are just getting the minutes from the last Federal Reserve meeting. It was a major one, consequential. Steve liesman digging through that release right now well give him some time to digest and dig, well hear from him in a minute. In the meantime, kelly, back to you. Tyler, thanks we are awaiting the headlines from the fed minutes stocks are in rally mode right now, as all 50 states have now eased lockdown restrictions in some way lets get over to bob pisani who has more on the markets for us bob . Im dying to hear more about what mr. Powell said in the fed minutes. Mr. Powell has been much more aggressive in talking about the need for more fiscal stimulus. Im sure that will come up in the minutes. Stay tuned for steve ive been talking about broadening in the markets. Were not far from the highs today, but what you want to see happening, the broadening, its happening again today. ....
You may have heard about by now. Under armour was accounting for problems. It says it is cooperating with the sec and doj. Tryker down 4. 2 acquisition, and it further consolidates medical device maker markets. Guy 403 is where we are on the stoxx 600. It has been an incredibly hard journey to get to this level. Stoxx 600 up over 1 today. Is ok. At least it is kind of on the average, confirming the move to the upside. The euro trading 1. 1148. Christine lagardes speak for the first time tonight as president of the ecb. Looking forward to hearing how many times she uses the word fiscal. South africa was not downgraded by moodys on friday. A negative watch, but it does bring that just a little bit closer. The market, a relief rally in the ram. Was me thinking it was because of the rugby guy. Just kidding. China signaled progress. Earlier, wilbur ross spoke exclusively to bloomberg about the prospects of that socalled phase one trade deal. Shape,ink we are in good we are making good progr ....
Stock market as well the nikkei was up about 1 the hang seng up about a quarter. In europe, some active trading, you are going to see some red there. Dax is down. Cac off by. 6 the yields there have come under pressure it looked like they were a little weaker as well. Just above that. The 10year at 1. 53 the two year at 1. 444. China conflict escalating the u. S. Adding more companies to the black list and china scrapping the nba preseason games. Eunice yoon joins us with the latest it is not going to a very good place the financial fall out just continues for a second day tencent said it is suspending broadcast of the games for now, these are preseason games. This came a couple hours after the state broadcaster, cctv which has a very long relationship says it will halt all preseason games as well. In their statement, the cctv said we are strongly dissatisfied with the commissioners defense for the Houston Rockets tweet supportin ....
The after hour session, passing apple now to become the worlds most valuable company. Is this perhaps signaling that stocks may have gone a little bit oversold at this point . Guy . I think alphabet is about alphabet and karen had great insight into this last week. I think across the desk weve had different degrees of bullishness. This takes it to an alltime high. Personally at 22 times forward earnings. I dont think its that expensi expensive. It has room to meet and grow in terms of multiples. Paid clicks were up 21 . The street was looking for twothirds of that, and they were able to maintain effectively the operating margins that they said they were going to get. I think thats encouraging. Can the stock pull back down to 775, 70 . I think so yes. Do we know what the other core businesses have done and the other bets have done . Karen, what did you learn from that . It was hard to guess exactly, but tim and i were talking before the show, 2 billion to 4 billion issues have ranged fr ....