The s p market barely budged but the stunner was the bond market, hitting its highest level since march. Chris called this on the show a couple weeks back. Where are we headed from here . I think we are headed with the yields going up still. What is important about this move, it is not a few days old it is a few months old the trend here is several months old. I think any shortterm pullback in bond yields, that would be an area to be a seller of bond. We think yield can go up from here if you look at the longer term chart, you have to focus on where yields bounce from in 2016 and where they broke down from in 2020. When you look at this move, i think 130, 140 is ultimate lit where this is likely to go thats where the key levels are. I think as bond yields have gone up, the yield has gone up. 80 basis points and i think Equity Leadership changes ri long with that the kre here is starting to break out, not just relative to s p but on its own right the technical is starting to improve her
Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Kissli. President yee all right. Good afternoon and welcome to the august 11, 2020 meeting of the San Francisco board of supervisors. I hope my supervisors had a full week off last week and was able to get some rest. As you know, were going to be doing a lot of work in august. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call] clerk mr. President , all members are present. President yee okay. Thank you. Please place your right hand over your heart, and will you please join me in reciting the pledge of allegiance . [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff of sfgovtv, who record the meetings and make them available online. Madam clerk, are there any announcements . Clerk yes. Due to the covid19 pandemic, members of the board are participating to the same extent as if they were present in their chamber. The board knows that the Novel Coronavirus has made participation is more acute. Your w
Kissli. President yee all right. Good afternoon and welcome to the august 11, 2020 meeting of the San Francisco board of supervisors. I hope my supervisors had a full week off last week and was able to get some rest. As you know, were going to be doing a lot of work in august. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call] clerk mr. President , all members are present. President yee okay. Thank you. Please place your right hand over your heart, and will you please join me in reciting the pledge of allegiance . [pledge of allegiance] president yee okay. On behalf of the board, i would like to acknowledge the staff of sfgovtv, who record the meetings and make them available online. Madam clerk, are there any announcements . Clerk yes. Due to the covid19 pandemic, members of the board are participating to the same extent as if they were present in their chamber. The board knows that the Novel Coronavirus has made participation is more acute. Your w
President getting support from some big names and might not be too late for a serious run and natural gas pipeline goes dry. Duke energy canceling atlantic pipeline, warren buffet is buying dominion. Mornings with maria is live right now. Dagen good morning, take a look at european markets right now. We have gains across the board. Pubs in the United Kingdom welcoming people back over the weekend, optimism there. In asia overnight, markets also having a strong rally, gains across the board. Chinastate run media saying the Company Needs bull market to build strength as Capital Markets ongoing reforms to attract money from home and abroad. You can see the rally in shanghai there up almost 6 . The fourth of july weekend marked by violence in major u. S. Cities, Cheryl Casone has the details along with other top stories we are watching this morning. Good morning, cheryl. Cheryl in chicago alone at least 77 people shot, 14 of them killed including a 7yearold girl, now the president is offer