The midst of the pandemic. U. S. Stocks rising today despite no new stimulus. Yet, even shares of google. Alphabet shaken off the threats of antitrust scrutiny. Joining us, abigail doolittle. Why would google shares rise on a day that the Justice Department is filing a suit that could threaten to break google up . Abigail not the response you would expect from Investors Committee u. S. Suing alphabet usingcusing it of monopolylike powers. This is not exactly new. Theres been many shots across the bow. We have had executives from many of these Big Tech Companies testifying before congress for a couple of years now. The fact that google is underperforming on the day. At one point, it did dip briefly lower. You could make the case that it is really priced in. The stock price over the time period when we have seen some of the congressional testimony, it has underperformed some of the other Tech Companies, telling you that there could be some idea that investors are not surprised by this. W
The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
Headlines. Fang with all the headlines in the greens, apple, amazon, netflix up 1. 5 . Tech remains hot, hot, hot. Still to come, definitely coming on todays show, coronavirus cases climb and states continue to rethink their opening plans. Well speak with fed chair James Bullard, what it means for the economy. Shares of Taylor Morrison posted record sales well speak to the ceo about whats driving the strength in the housing mark up a third of the percent. Lets start focusing on the big stories. Mike santoli tracking the markets, meg tirrell with the rising case count and courtney watching flags in the Retail Sector mike, lets kick things off with you. Market idling right here, holding above the flat line for the moment it seems like stealth pullback consolidation weve had last few weeks, s p 500, talking about a summer trading range this is what we had last summer. It looked like that on a narrow basis. Scares in both directions. Were not there in terms of prolonged sideways action. Th
Good morning im dominic chu in for Brian Sullivan heres how your money and the Global Markets are setting their day up with stock futures relatively muted you can see at the opening bell we could be up 35 points for the dow. S p 500 up roughly 8 points implied and the nasdaq up by about 52 thats if the futures moves hold before the opening bell for regular cash equities trading. This after the dow fell nearly 400 points yesterday the s p 500 shedding just over 1 there as well snapping its fiveday winning streak. You can see the movement throughout the course of the day. Falling off towards the closing bell. Turning now to the bond market the yield on the benchmark 10year note yield is slightly higher you can see 65 basis points or. 65 . 2year note,. 16 . 30year 1. 38 lets go worldwide karen cho is live on the Worldwide Market losses yesterday, losses on wall street. Roughly down. 2 of a percent the ftse has minimized the losses as you threw it over to me, we popped into the green brief
Happened in history to make sure that were not repeating the same mistakes. We are not asking you to shelter indoors, to stay at home and also expect that, you know, this is something that is comfortable for all of you. We know this is very challenging. That it has a Significant Impact on not only our physical health but our Mental Health. And yesterday i, with a doctor, we hosted a webinar to talk about our Mental Health and the challenges with family, with children, with isolation and with a number of things. And we wanted to make sure we had a resource available to the public to deal with that. Anyone can log on or call 311. If there is any information that you may need or someone to talk to during this very challenging time because the fact is its not over. There is a light at the end of the tunnel. We will get through this, but it is going to require time and its going to require patience like never before. I dont believe anyone on this earth has ever experienced anything like thi