Predictability. Strong winds blanket the bay haze fromdark, thick wildfires throughout the state, rolling blackouts as firefighters prevent more fires from breaking out amid extreme weather conditions. Joining us now in new york city, bloombergs abigail doolittle. I hope you have clearer skies than we do today. I want to talk about the tech rebound, the biggest rebound after the worst stretch since march. Saying you nailed it the only certainty is volatility. That is going to continue, it seems the worst stretch since march, and then today, the best day for the nasdaq 100 going back to april 29. The big question is whether it will last. Will investors continue buying the dip, knowing what they know about options volatility going into august . You jump in that huge down. Apple and tesla, certainly a good day for each. Apple, down 4 , excuse me up 4 today after dropping more than 10 over a few days. Nothing changed in that story. That tells you the degree of hesitancy, uncertainty on the
, guy . S going on Europe Vincent we are seeing stocks guy we are seeing stocks turning around. Makes you wonder how bad they whisper number must have been for everybody to react positively to a 3. 2 number. Stoxx 600 in positive territory. Travel stocks leading the move. The big move in many ways has come from the ecb, announcing , theetails of its pepp pandemic emergency purchase program, which is it is using to buy bonds. It is basically tearing up all of the old rules that use to apply to ecb emergency purchases. As a result, we are seeing a big move on the italian 10 year, and massive move on the spanish tenure. Downw the bank of england today, and some really interesting comments out of the bank of england. Brent crude a little softer today, 27. 13. What a week it has been for stocks. There does seem to be much more positive sentiment towards the equity market. The question is how long can it last. Guy exactly. Vonnie exactly. Those jobless claims did serve four times the previou
around the rammed of rapid report forces. take a look. as the sunsets, our situation becomes more precarious. despite all the insu assurancese were given. 10:00 at night still hour and a half before our destination. every moment that we are delayed it gets more and more interest.. and delayed again. and again. and again. luckily, we manage to get in touch with a distant cousin of my father s who allows us to bed down in her new not yet furnished home. the team is exhausted. we need to get some sleep. the whole story this sunnyvale, 9 p.m. the source with kaitlan clines starts now. straight from the source, breaking news as a colorado judge resumed that drumpled can be on the ballot but he also engaged in the january 6th insurrection. now prosecutors want trump in court just three modify before the 2024 election. of course a reminder that is a trial had will be telg advised. also tonight, advertisers are fleeing fromee lon musk s x. as he is facing backlash from his anti
Xhoentsz are lower although exxon is trying to hold on, intel, home depot, caterpillar, ge, theyre the biggest losers, all down 3 , nearly 4 for some of them. The big news around bond yields which are rising again this morning. Were waiting for the ruflts a crucial 30year bond auction moments away yesterdays bond auction was a market mover well see if todays is the same as we start to worry about just how much debt there is out there and whether or not investors are willing to buy it. Check out the stocks that are bucking todays big selloff, however. Twitter is soaring after reporting its first ever profit. Higher by more than 16 . Grub hub and the New York Times also surging. More on all three of these stocks straight ahead. Tyler. Thank you very much, michelle im Tyler Mathisen welcome, everybody lets get right to the store of the New York Stock Exchange where bob pisani is standing by pl hello, bob. Once again in the middle of the day this is becoming a regular thing. S p 500 volume
Share. That topped estimates by a full six cents. That was the positive revenue came in a bit shy of expectations. Still, big blue brought in nearly 21 billion in the quarter. If thats shy, id like to be shy. Investors were not pleased, though they sent shares lower right off the bat in extended trading today. John fort has the one takeaway you should focus on. One takeaway from the ibm call the downturn in Growth Markets was not enough to make up for stabilization in the services business. Brazil russia and china, and particularly down doubledigits. Those were markets that ibm was looking forward to grow. India was up partially. Services backlog was up to 122 billion. The first time thats seen positive growth in a couple years. That wasnt enough to make up for the trouble in Growth Markets and the stock was down after hours. For nightly Business Report im john fort. The street will be focused on ibms earnings there will be plenty of big name teks companies announcing their results thi