News cribber john solomon are here, joining me in the you 8 0. Earnings season rolling of on. Big banks on deck this morning. All the numbers as soon as they hit the tape and impact on markets. Broader markets pointing to a gain at the start of trading, dow industrials up 84, nasdaq up 28, the s p 500 up 10 o 10 poin. Yesterday stocks were sluggish over weak Quarterly Earnings and halted covid19 vaccine trials. At the end of the day, the s p 500 was lower by 22. Shiny now apple, the Technology Giant unveiling four new iphone 12s ss for your convenience. Coping tips from outer space, astronauts have isolation advice for the weary public and its making a buzz this morning. Mornings with maria is live right now. European markets in the green, take a look. The fq100 up 14, the cac is up 1 andahalf and the dax index higher by 15, fractional moves this morning in europe but to the upside. A mixed story overnight in asia, as chinese president xi jinping is calling for young People Living in h
The reopening of america. Take a look. Dow futures turning negative down 19 points but the nasdaq is up 9 and s p 500 is also negative down about 1 point, mixed story this morning, dow and s p 500 snapped 3day winning street yesterday turning negative by the close, dow down 170 points, nasdaq was up 14 but s p down 11 and a quarter. Secretary mike pompeo meeting with chinese top diplomats as issue on trade, human rights and coronavirus heat up, john boltons new bookmaking claims about President Trumps relationship and xi jinping. Protests in atlanta to report. Meanwhile an Capitol Hill Senate republicans unveiled Police Reform bill as House Democrats call for more action. Coming up at 7 00 a. M. Eastern this morning new york city mayor Rudy Giuliani will join me with his valuable insight on policing in america, the former mayor today telling us his reaction to all of this. Then cracking down on big tech, Justice Department looks to limit protections enjoyed by Technology Companies as c
Up next a confirmation hearing for u. S. Postal service governors and other judicial nominations to the d. C. Superior court. During this meeting members of the committee asked nominees questions concerning the health and safety of postal workers amid the coronavirus pandemic. This morning we will consider two nominees for the governor of the United States Postal Service, don lee moke and william zolers. Well consider three nominees for the judicial system to be associate judges in the superior court of d. C. We do have brief introduction of each. Donald lee moke served as president of the Airline Pilots association and captain with Delta Airlines for 31 years. He also served as an officer in the United States marine corp. Thank you so much for that service. William zolers serves red stone llc, hes the chairman and ceo of yrc until 2011, prior to that served in Senior Leadership positions with rider incorporated and Eastman Kodak company. Mark robins serves in office of general counsel
Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th
You do you reach for the stock equivalent of comfort food something that tastes just like the great bull markets of thats right you reach forfang, my acronym for facebook, amazon, netflix and google this session its more like fang because microsoft has become red hot. Netflix suffered a rare decline. The tech stocks led us higher. With the s p rising 1. 67 , and the nasdaq zoom being 2. 80 , it was a matter of time before we return to the tried and true this market has been going through groups like theres no tomorrow first we had the rally in the defensive Consumer Staples during the work from home nuclear winner the stocks rebounded we started reopening hospitals for nonessential medicine a run up in the big box retailers. That group seems a tad exhausted. Weve seen a surge in the Semiconductor Stocks as demand picks up from china and 5 g. Build out looks good continue with analog devices, amdi a decent quarter. A run in industrials as people bet the economy might be coming back as a