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Some traction. Right right. Well, look, i think that the charges that leader mccarthy made which basically are saying that Speaker Pelosi just doesnt want to deal actually are in somewhat synch with what Jared Kushner was saying because that maybe there cant be a deal until after the election how about the next three months . We just decide theres been no ppp for september, october, november, i dont know whether thats sacrificing the american working person for the election or maybe someone actually thinks the economy is coming back david, you know that we are hearing persistent stories that because vaccines are all going to be ready its time to start thinking about a fedex which reports tonight, its time to start thinking about a Union Pacific i have on and time to start thinking about pretty much every industrial like ca ....
Basis. Keep you abreast of that. Barreling down, albeit barreling down slowly on Grady Trimble in gulf part mississippi. Reporter neil, sally is moving extremely slowly at two miles an hour. That is slower than most humans walk. You can see here it is starting to rain. The wind is picking up. Were in pascagoula, mississippi. The water is lapping over the side. The storm makes landfall tomorrow, is that tomorrowsurge continues. That the water pushed up. In area. Along beach boulevard there are many house us. Theyre not boarded up for the most part from what weve seen. Sternly a risk of flooding, with all of the oak trees, 85 mileperhour winds are nothing to mess around with either. Because the storm is moving so slowly well see several days worth of rain. You could see flash flooding on top of a potential for storm surge. I want to point out the pier in the background there. A light moment as people prepare for this very serious sto ....
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop ....
7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran ....
Welcome to squawk alley. John fort has the morning life watching carefully as both apple, tesla, and the thatnasdae dipping into the red lets go to alex sherman tiktok is suing the u. S. Government over effectively banning the app come september 15th tiktok released a blog post right now explaining the rationality behind the lawsuit against the u. S. Government. There are two administrative actions that the Trump Administration has taken the fist would effectively ban the app by september 15th. That is the one that tiktok is challenging saying it has been preventing due process it has worked with the government for almost a year trying toics plane that it is not, in fact, a National Security threat. Their parent is bite dance that is what this has all been about over the past several months the order demands that bitedance die vest tiktok by october that means the sa ....