Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Of citigroup, although Tobias Levkovich will join us later. On a serious note, things deteriorate in hong kong in the last 24 hours. Francine a lot of the focus is on china. We have the National Peoples congress and the premier talking about targets being abandoned because it is too difficult to predict gdp and they want to create 9 million jobs, less than the 11 million jobs in 2019. We will have to see what happens with hong kong, the lobbying passing through. The u. S. Will weigh in and china is pushing back. I would focus on china all day today. Tom absolutely would. Jon ferro way out front on the tensions of washington and beijing. Here is ritika gupta. Ritika hong kong activists are calling for protests against a new china security role. The National Peoples congress is expected to pass the islation forcing hong kong acts of treason and subversion. President trump well react very strongly. China abandoned its practice of setting a target for Economic Growth and will shift its foc
From beijing to new york, jersey and south carolina. We have the top stories. We begin in asia, where the spread of the coronavirus is feeling concerns it is widening the pandemic. The cdc issuing a stark warning for the u. S. It is not so much a question of if this will happen anymore, but rather a russian of exactly when this will happen but rather a question of exactly when this will happen . Me is selena. Walk me through the latest. In china, the rate of infections continue to stabilize. Fewer cases than the day before. The rest of china reported five new cases, and all of the additional fatalities were in smaller areas as well. City is not requiring people arriving from japan or south korea to go through a 14 day quarantine. The momentum is shifting outside of china. You have seen south korea becoming a new hotspot with infections raging up. Testinginitially positive for coronavirus, which would be the first infection in latin america. Italy has had more than 300 cases and 11 deat
How low can it go . Power lunch starts right now well explain. Thank you, tyler as markets lose their gains on coronavirus headlines, we have all the angles of this story and the selloff today covered for you. Meg terrel has the latest on the comments that took down the rally. Bob and Rick Santelli following the volatile moves in the stock and bond markets ameamon javers has the white hoe response. Update officials saying its fair to say were on the cusp of the pandemic according to a bloomberg report early this afternoon. Head of the fda center for buy logics evaluation and research said there is significant concern given the virus has spread to six continentcontinens we saw the first case confirmed in latin america that country getting a raised travel advisory from the u. S. State department based oen the sped of covid19 there dr. Marks saying the time lines of Vaccine Development mean one wont be available before the initial wave of the disease passes moderna stock soaring it delive
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but