That. A modest down trend. Tomorrow, though, thats the big jobs report. Almost certainly the worst in history. Okay. But look at this. A rotten economy and a Big Stock Market rally. We get a lot of inquiries as to why is this happening and the short answer is well, the market looks to the future and its clearly seeing an economic recovery, and the trillions pumped into the economy are very much appreciated. Put it like that. The dow is going to be up over 300 points at the opening bell. Thats better than 1. 3 . A similar gain, 1. 5 for the s p. Look at the nasdaq go, up 1. 5 . Thats because of this. Big tech. Again, leading the market. Just look at this. Apple is at 303. Amazon up 21 bucks premarket. Nice gain for microsoft. Nice gain for netflix as well. Thats whats happening. Big tech again dominating the market, plowing higher. Bombshell news in politics. Mr. Impeachment, congressman adam schiff, he is not looking good. There are dmumennew documents o russia, russia, russia probe. M
The market, this is called a rally. Investors want that mini china deal and now it looks like they may get it. Stocks are going straight up. Look at this. The dow up about 1 , 250 points. The s p up about 1 , 27 points. The nasdaq, up better than 1 , up 78. That is a rally. We are also covering this. Violence and intimidation outside the trump rally in minneapolis last night. Oh, it was ugly. The trump haters attacked the police and Trump Supporters. Senator tim scott said people across the country are quote, consistently being intimidated. Watching what happened last night, senator scott said it sickens my stomach. Yeah. Theres a lot going on today. We are going to cover it all. Varney company is about to begin. Stuart happening overnight, a rocket attack on an Iranian Oil Tanker. It was near the saudi port city of jeda. Lauren, what happened . Lauren you had an iranian tanker attacked maybe by two missiles, caused a fire, oil leaked into the red sea. This was 60 miles from that Saudi
Talking. Forget mueller, what about making moolah . Voter rates on the economy for this president the highest level weve seen since 2001. That is leading to an uptick in president ial approval. A lot of this, the source of this is improving economy but his overall numbers picked up a little bit. They are lower than where a president should be at this point going into reelection. Not all that much lower. Again the catalyst for that seems to be the economy, by extension what is happening in the markets of late. Not necessarily today for the dow. Well get into that in a second. Real clear Politics White House reporter phil wegmann, the connection between the economy and maybe inching up poll numbers. We always draw the comparisons. It is the economy stupid but this president has not, up until now, up until lately benefited from that. Maybe it is just beginning to hit now, what do you think . Because trump is trump there are always voters uncomfortable with him, but if you look at the poll
The movement against the extradition bill. The chief executive in definitely postponed it, but not withdraw it. Many protesters say it was not enough. They wanted the chief executive to not only apologize, but withdraw the bill. But she says that they will not consider it until at least through the rest of this year. Protest organizers say they are angry and are calling for people to come out. Already, we are seeing families coming out the starting to fill up part of the square. Many of them are carrying white flowers, which some flower vendors are selling around the subway entrances in support of the one protester who did fall to his death late yesterday after climbing scaffolding. There was quite a press conference that we saw yesterday. Thane lam spoke for more one hour. When asked about if she was to resign, she was quite defined on that regard. Defined on that defiant on that regard. Ed absolute stephen absolutely. If she repeatedly asked would resign and she dodged the question a
Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina