Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here and then up another 12 from there, so thats a move there for the social media stocks that were watching as well, a
Have the numbers as soon as they hit the tape and show you the impact. Coronavirus keeping the c task force going indefinitely focusing on Vaccine Development and reopening the economy. Meanwhile some lawmakers looking to expand the Paycheck Protection Program and add more stimulus but others raising concerns about growing debt and deficit. Markets this morning pointing to higher opening. Take a look at futures, indicating market wills open higher in triple digits, dow up 3020 points, s p is up 41 and nasdaq higher by 138, one and a third percent, this after concerns of new china relations to china. Scope memo is out. Outlining authority to former special counsel Robert Mueller, it reveals probe went beyond and completely openended. The fallout coming out. People are working out and playing video games, pelaton surging 66 , the company boosting Sales Outlook and the stock flexing muscle as well. Stock up 17 in premarket. Fortnite becoming one of the most Popular Video games ever surpas
A ceo of ak to security firm. And lyft, peloton, all went public. We will have a recap of it all. Tesla shares said a new record high, 420. Elon musk claimed tesla would go private last year. Earlier today, he tweeted the stock price is so high, lol. Our bloomberg reporter. What is driving it for tesla this time around . Allrter the momentum is about china, taylor. One . 4t, tesla group billion from financing and local banks and much welcome cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month. Youll remember those vehicles are subject to a 25 import duty. If tesla can get that shanghai run up and running, they can offer vehicles that are more competitive priced, and the unit costs will be lower. They will be able to get deeper into the market in china. That is really where recent momentum has been driving the stock for tesla. Taylor i want to come and show a chart i am showing here inside my terminal. It i
Security firm proofpoint. And 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. Wework, however, stumbled to debut. We will have a recap of it all. First, to our top story. Tesla shares set a new record high and reached that infamous 420 mark. You will remember 420 was the price ceo elon musk claimed tesla would go private at last year. Earlier today, musk tweeted, woah, the stock price is so high. Lol. Joining us to discuss is our Bloomberg News reporter, ed ludlow. Another day, another record high. What is driving it for tesla this time around . Reporter the momentum is all about china, taylor. Overnight, tesla secured 1. 4 billion in financing from local banks and much welcomed cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month high. Youll remember those vehicles are subject to a 25 import duty. The logic follows that if tesla get the plant can s
What is going to be the outcome of this summit . The trilateral meeting . Seeing is that one leg of that triangle is in a bad situation has been japan and south korea on hostile terms for the past year. What they managed to do was pull forers of japan together their first summit in 15 months. We have seen the opening remarks from that meeting. Remarkably warm, considering what has been said over the past year or so. Both sides have pointed out the importance of the relationship and said they really want to improve it. The disadvantage they both face is their own populations at home are not necessarily keen on that idea we have seen a pull in japan that isin 70 of voters see no need to improve relations in any kind of hurry. What is chinajapan relations . That is something shinzo abe has been anxious to make an achievement of his long period in office. When he took office in 2012, relations were so bad there were concerns about military conflict over a territorial dispute. What he wants