Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
Throws its weight behind the World Health Organization and says any vaccine success will be shared by all. President xi says cooperation is vital. It was really this help vaccine help on this vaccine obnoxious safety but also the immune response effort to see vaccine that really de u. S. Stocks higher. We did have the s p gaining more than 3 . U. S. Stocks surging the most in six weeks on the promising early results. That has led to a pretty steady sense of positivity. We are seeing u. S. Futures as well as trading in new zealand. Australian futures among one of the asian features that are trading up by over 2 . In fact, the highest since march 11. We are seeing highs for hong kong and japan futures going into the start of trading in asia. Lets get more on china. Xi jinping is promising to make any Coronavirus Vaccine universally available once it is developed. This as he reiterated beijings support for the World Health Organization. The pledge is part of efforts to defuse criticism of
Streets of chile. We put together a holiday cover for you guys. Quite a cover talking about softbank. We think this is one of the biggest stories of the year. It started with we work, which the magazine covered early on. Coverage developed and went on and on, there was another story we started think about, which was softbank. Softbank, we did talk about it so much this year. What i love about the story, you go into the layers of softbank. Obviously the leader of the role, but there are other players. The guy who is the visionary at softbank, especially the vision fund. This outsized force in silicon billion that can do a lot of things because it has so much money. It can go into we work and basically bankroll we work, which is a Business Model that might not have been right for the long haul yet. You were aggressive. Go big or go home was the strategy behind softbank. Sometimes that worked. Other times it doesnt. This story reveals the culture within softbank and the vision fund where
The nasdaq up marginal ly. Volume higher than a 20 day average which tends to happen on days where the market tends to move up slightly or state p stand pat, you see lower than average volume. It is when you have drawdowns that activity tends to be more active than usual. Romaine and keep in mind with the s p in the red, part of that was pulled down by fedex. I think we are waiting on micron earnings as well, which i believe is just crossing the wire. Quarter micron first . 48 versus the estimate of . 47. The bottom line indicating a beat. In terms of how the share prices moving, do we have an after hours trading . Romaine down about 1 . Scarlet we dont have a lot of numbers here to work with. First quarter net is 491 m illion, according to the release, and adjusted revenue of 5. 14 billion, topping the estimate of 5 million. Cash flow 2. 01 billion. Stock not moving very much at this point. Joe also bear in mind we see adjusted Gross Margins beating 27. 3 versus 20. 8 . Another one of
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th