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Actions taken on pandemic and how money is being spent today. Getting america back to work today, larry kudlow will join me today at 8 30 a. M. Eastern live on the reopening of American Economy and rebound hes expecting and what if any additional stimulus is needed. We will also get into china. Turn into markets this morning. Futures are turning direction this morning. We are expecting weak opening this morning for stock prices, s p futures down 10 and nasdaq futures lower by 12 this after positive news from moderna on vaccine trial help fuel strong rally for stocks. Dow industrials up 911 points yesterday almost 4 . The nasdaq was up 220 points and s p was up 90 all the major indices up 2 and a half and 3 and a half percent. A closer look at the Pandemic Impact on retail this morning, this morning we will get walmart, hem depo who remained open reporting earnings. More st ....
Welcome to squawk alley. The founder of aol ventures is with us. John, its good to have you back. Jon fortt is out today but Kayla Tausche is here. The dow is down about triple digits. A few select companies are driving whatever gains we have in the nasdaq composite this year. Six companies, amazon, google, apple and gillian account for more than half of the 64 billion in value added to the nasdaq composite in 2015. The concentrated gain in a few stocks is boosting concerns of dwindling leadership, a market top, some say. The nasdaq itself is up about 7 so far this year. And i think if you take out amazon and google, john, even the s p is negative year to date. People say classic sign of an aging bull market. Is that legit . Certainly a ton of consolidation and thats reason for concern in a business that is concerned. Youd rather have more diversification of broadening. Im not sure if its a causation or a warning sign. Im not ready ....
But, im going to try to introduce soon. To catch you from the remarkable and lengthy biography the Communications Director broke from a. It was hardly a brief. If i used all the info he provided me i would be speaking longer than the minutes assigned to bill himself. So i cut it down considerably. Bill has a 56 page cv. Its not packed with anything trivial. Ill come back to his scholarly him policy contributions. I miss start with a few of his titles and honors. Sociologist is the louis p and london kaiser professor at harvard. At the time of his appointment in 1995 National Media covered his addition to harvard stream team of africanamerican intellectuals including skip gates. I met bill when he was at the university of chicago and a major force there as he has been everywhere. I was a slightly younger scholar than and he was incredibly supportive as he is. As a men ....
Happen at this point its a tax cut plan which is still positive for the economy. In terms of whether it will get done this year, people are discounting that if youre watching the markets, markets are hanging in there with some of this. The dow is indicated down by 50 points, the nasdaq down by 4 1 2, and the s p down by 5 they are all coming off record closes its been seven sessions in a row for the dow thats higher. The s p is up six out of the last seven sessions. Well see what happens slightly lower indication for the morning. Well see if that holds out. Overnight in asia, in japan, the nikkei was down by 0. 2 . Stocks were higher in china. Hang seng up by 0. 8 shanghai up by a third of a percentage point in europe, in some of the early trading we have already been watching today, you will see right now it looks like theres some modest declines the dax is down by 0. 3 . The cac in france is off by 0. 2 ftse is flat in media news, rocking the media world because it intersects with th ....
Accused of being the mastermind behind a failed coup by turkeys military. Gulan has declared his innocence. Is next. West this is bloomberg west. Tech earnings continues. Zynga reporting earnings. We have their secondquarter results. Lincoln banners Second Quarter prepares to join the microsoft family. We will break down the numbers. Is life better when we are connected . Bank of america thinks so. They are giving a billion lars to financial technet technology. Pokemon go may be high in the business, activision take to commit zynga and the others the farmville makers user base slipped again in the Second Quarter. The new ceo is struggling to secure the next big head. Take two posted stronger sales. Grand theft auto. Nba two and battle born, a new game. Activision rose 50 from a year ago thanks to a strong debut of a first shooter game. Joining us now is christian. He is a cof ....