And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
Ask yourselves now that nearly all the big tech outfits reported and a day the market rebounded from its lows. S p jumping 1. 19 and the nasdaq surging 1. 69 . All right. It didnt make back everything it lost, but like i said, nobody ever made any money panicking. If you panicked yesterday, always a better time there is a whole network of smart, rigorous Money Managers who believe apple, amazon have become ridiculously expectative. Downright danger to zone they dont welcome the possibility that these could be worth trillions of dollars im not kidding, every day same goes for their compadres netflix and microsoft. There are tons of stocks in this market way too expensive by any traditional valuation metrics. However, that does not include facebook, apple, amazon, maybe alphabet say nothing of microsoft only netflix is one that i think is a bit of an outlier this is 2020, not 2000 that being the dotcom boom with the exception of amazon and netflix, all of these big tech stocks are valued
Experts talked about the latest research into the development of a Coronavirus Vaccine, as well as safety concerns and the need for global participation. As of this morning, there were over 27 million global confirmed cases of covid19, and 892,000 deaths. Point 3. S. We have six million confirmed cases and we are approaching 190 thousand deaths. We have seen significant economic disruption to businesses and families, and normal daytoday activities have been vastly altered. Leadingexperts experts have said we need a vaccine, which is why the topic is so critical. We will also discuss the lessons that we are learning now in developing a covid19 vaccine, and the implications for if used future Vaccine Development. We have a short amount of time and a number of really terrific speakers, so why do we not get started . Mark, why dont we begin with you. About vaccines under development from pfizer, astrazeneca, in partnership with the university of oxford, all of which are in phase three Clin
And seriously and cautiously consider whether or not it should halt its sales negotiations the Chinese Ministry of Foreign Affairs for their part also weighed in on the situation monday. Chia the. China has repeatedly stated that we are going to to the u. S. Abuse of National Security concept and state unreadably suppressant lifting enterprise measure of other countries will move fundi us it to me with no economic bullying to manipulation tactics against non us companies. Whether it is legal to coerce transaction with the government mandatory transaction to do what the us has done is nothing short of actual words to robbery out of the interests not only violates murders and suppose but is also an irony your ship was a market economy and fair competition principles the us it has always advocated and joining us now to discuss this boom bust cohost investigative journalist ben swan whos been following this. Story but i want to start with these new regulations what specifically do they do.
This is boom bust the one business show you cant afford to miss friendship or in washington coming up a new chinese restrictions may cause problems with the sale of social media after the Us Operations as reports indicate a deal could happen within days will dig into the details chinas Manufacturing Sector is continuing to grow but what do these numbers mean for a Global Economic recovery will bring in some expert analysis to see what where things are headed and later a host of trade deals in jeopardy as the e. U. And u. K. Are deadlocked over certain provisions will go over what is holding up these talks we have a packed show today so lets dive right in. And we have hit a new and dramatic chapter in the fight over social media tick tock only days ago it looked like tick tock was about to announce its sale of u. S. Operations within a matter of days but now new rules from the Chinese Government may be able to actually block that sale late friday beijing announced new restrictions on th