Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar
Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout market share gains, which is key. Given Amazon Logistics troubles, are you going to be seeing customers rediscovering target and walmart, some of these longerlasting st
Tell me more about your writing process and what and how you decided to go about writing the book. Sure. I think the writing process started before the book was starting to come together. In 2017 i wrote a story for the New York Times about what happened to my exhusband peter and was called the warrior of the attic, i did a lot of research for that piece, i did about a years worth of research and exploring with my family and my children and seeing if it was okay with them to go ahead and tell the world the story and figure out why we were doing it and what it meant to us in all the was largely to make some meaning out of something gutfeld arbitrary and shameful and guilty and also to try to understand what was going on with peter and understand what was going on in the Legal Profession in terms of Substance Abuse and depression and anxiety, after that came out i surprisingly had a viral life and had millions of shares and i got a lot of feedback from readers especially Young Lawyers wh