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Raleighdurham. The president is about to step out of that plane. I can tell you right now, we are going to be there with cameras because back in d. C. , theres another huge story developing. The congressional antitrust sharks are circling. In less than 48 hours, jeff bezos of amazon, apples tim cook, google alphabets Sandar Pichai and mark succeed you azu facebook will be the ones in hot water. It is the First Time Ever that all four will simultaneously be taken to task by law makers. If congress is smart, okay, i know, if congress were smart, they would get suggested questions from this guy. Basecamp cofounder and chief technology officer. He hes the only one who has taken on three of the four and lived to tell about it. He will reveal the number one question he says congress should ask each of those tech titans that he says will cause crumbling. Plus, could a new u. S. chin ....
And it would obviously be fairly strong gains the week after the weakness we saw in the Broader Markets last week. Not a lot of individual news this morning, jim. But always curious as to what caught your attention. Oil at 40 makes people feel, wait a second, maybe the economy is not so bad. Maybe thats the v. We have of course an apple price target boost a couple of Companies Reported that were not disastrous thats regarded as being positive and the day traders, they dont stop at one point today, were going to have to talk about them because of a tragic instance that happened. Ive been seeing that in my twitter feed as well i think cnbc has done some reporting on that in terms of robin hood very unfortunate and well talk about that and well talk about your friend who i know you follow closely, but back to the Broader Ma ....
Squawk alley. As you just heard, stocks are continuing to move higher today although off of the highs of the morning. The s p is up about 0. 6 the nasdaq up about 84 points. On track for the fourth week of gains for the major averaging and today it is that reopening trade back in the drivers seat today. It is it is retail names as well at the same time we dont see a buy fur indication it is a shift to more of a focus on e commerce. Amazon is up 1 . And facebook is up better than that that to me is interesting. Walmart is a stock that has done well prior to things opening up. It is also higher. So there is a mix. I think there is general positivity, larger stocks in general are doing better, but it seems like the market is reacting to not just opening up versus not, but maybe a sense that the economy is starting to find its footing. It is such a great point, john it is names like micro soft, adobe, some of the big cap tech names. So it seems like today, at least, this rally, the breadth ....
Theyre all moving lower put on the positive side, a report that china will accelerate agriculture purchases from the u. S. Which could deescalate some trade tensions and were set for a particularly volatile final hour of trade this is the s p 500s first major options and futures rebalancing day of the year. We have 59 minutes left. Were down just over. 5 sara coming up on todays show, pressure mounting on apple over the treatment of App Developers weeshgs going to speak with Roger Mcnamee ahead of the Developers Conference plus, david kenny holds not only the companys ceo title but also the chief diversity officer. Hell discuss neilsens recognition of juneteenth and how they can push for more diversity in the workforce and can figure out a way to measure it as well lets get straight to the market another volatile s ....