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Hanzlik. Good morning and happy fathers day. Im jane pauley and this is sunday morning. To begin today, well be in conversation with Governor Andrew Cuomo of new york, who has much to say about covid19, racial justice, and the state of our lives. Once the epicenter of the coronavirus pandemic, new york now has one of the lowest infection rates in the nation. And many give the states governor the credit. Governor nobody knows. Pauley but with crowds growing, andrew cuomo sees a crisis far from over. Governor the federal government should step in aggressively and own it. In my state i owned the situation. Pauley ahead, in conversation with Governor Andrew Cuomo. As you might guess, many of the nations Small Businesses are facing big problems, and covid19 is just one of them. As well be hearing from senior c ....
Old law protecting google and facebook. The coronavirus is taking a toll with tech leading the losses. Apple card revenue guidance for the march quarter with the outbreak continuing to affecting the chain. Impactfulonavirus is but not permanently impactful. T is a temporary blip on the demand side longerterm for apple. We will see a nice rebound when this is over. Apple made a big bet on china. Contained,. Is not this will continue to be a problem. Could be a virus problem longer than the market thanks. Theres no better ceo to handle the challenges then tim cook. Iile it is very concerning think having him at the helm is very reassuring. It is hard to shift production in a matter of weeks. Myly reaction from colleagues to assess what he thinks the supply Chain Disruption will not hurt demand. Since apples announcement the demand it is really supply Chain Disruption. The m ....
Operation yet. Not much to be disrupted. Romaine lets talk to our reporters. Abigail . I want to check in with this cross asset chart. We have bonds are the winner in pricedtreasury futures slightly above the s p 500 by 50 thes points, but netnet, s p and bonds are higher. Everything else is lower. China is down just slightly in blue. In orange, we have emerging markets, overall taking a bigger hit wn bottom, copper in pink and crude oil in yellow, those commodities that lag risk assets. Tat could be a bearish ell on volatility ahead. The chipmakers are getting hit the hardest, off 1. 5 , relative to the s p 500, but if you look at this chart, i want to put the underperformance of the stock into perspective. Im looking at stocks relative to the s p 500. Over the long term, they are still outperforming at a ratio , so you are still near the 18 year high despite todays underperformance. On a relative basis with the chipmakers holding in there. It was a strong day for real estate stocks a ....
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and New York , United States , San Francisco , Jerry Seinfeld , Eric Knudson , Bob Marley , Elizabeth Warren , Katy Perry , Joe Biden , Andrew Ross Sorkin , Lenny Bruce , Joe Sorkin , Corey Booker , Jerome Powell , Carl Quintanilla , David Faber , Jack Welch , Mary Barra , Kirsten Jill , Jay Powell , Cnbc Phil , Frank Luntz , Evan Williams , Hang Seng , Will Green , Free Fall ,
Locking down its deliveries the keyes are drones to amazon locking down its deliveries . Shares tumbled at the start of the week after news broke these companies could be the target of antitrust probes. Are les case, they the department of justice is mulling an antitrust probe and has restriction over a potential apple pro. Meanwhile probe. Meanwhile, the ftc is looking at whether apple practices harm competition. Google makes up over half of digital ad revenue and their closest competitor amazon has 9 of the market. The digitaldominate ad market but does own up to half of ecommerce. We also learned a potential amazon probe fall under the ftc. The director of the enforcement policy and bloombergs Senior Editor for global tech join us for reaction. What we have is a political reality, not get a legal one. The tech environment is big, complex, and intimidating. So our two antitrust agencies have met to divvy up the playing. Ield, so ....