Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
Press here once again. Normally, you know as an introduce the ceo well talk to, i show a little video of that ceo working at their Office Working at hard. In this case well show a video shot by a Family Member at home. What makes crystal so unique is she spent a good portion of her career as a ceo in her house. Shes a brandnew ceo, taking office just a few weeks before the stayathome order. And thats where we find her, crystal joining us Via Teleconference from her home. Good morning. Thats quite a timeline. You get your first job as ceo, a few weeks lat right, thanks for having me, scott, that is a very true statement. That must be tough. How are you managing as ceo, trying to work from your Kitchen Table . Well, i think its been challenging for a lot of people. But i have to tell you, the comment that you made about the fact that ive worked from home for the better part of my career has really helped equip me to know exactly what its going to take to work remote and to really make su
Plus, what investors and consumers like you need to know. Power lunch right now. Well, well, well an historic milestone once again for the dow. Its been a while, but now we are above 27,000 first time at that level on the back of 150pluspoint run the s p and nasdaq, they have turned negative, but the s p once again dealing above 3,000 briefly. United health, a major catalyst, accounting for roughly 80 points of the dow gains the stock having its best day since october 2017 weve got more on this well tell you the whys, where fors, and whether to buys coming up rates are spiking. Yields on the benchmark tenyear treasury note jumping this hour, just 2. 21 that, kelly, is quite a move and well keep a close eye on it tyler, thanks. Those old records do keep getting broken we have turned a lot lower in the past hour. Bob pisani is here to explain it all. Bob . Well, just on that note, just let me show you interest rateciti stocrate ratesensitive stocks. It was a disappointing bond auction. T
Hitting twoplus year highs. Is there more room for the name to run . One of our traders lays out the case. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim see your, courtney garcia, dan nathan, and guy adami. It was oracle and nvidia that caught our eye, both surging and highlighting strength across generations of big tech. Oracles pop after earnings last night bringing gains to 20 . Its not the only veteran in rally mode. Dell, hpe, ibm trading to alltime highs. After a twoday pause, nvidia jumping more than 7 , closing just off its record high. Meta recouping yesterdays losses. So, is this a case of in with the old,in with the new, too . Guy . I like that. Apparently so. And we play this game a lot, but you know, with the move in the bond yields, up to 4. 15, if you told me last night, whats going to happen to these stocks, theyre all going to sell off especially the reversal we saw on friday. Clear that didnt happen. However, to answer your qu
[ is distinct conversations ]. And live here this morning on c spann span 3, a discussion about transparency and oversight at the food and Drug Administration. Well be hearing from dr. Scott gottlieb starting off the conference. Introductions under way. Efforts to pass and implement the food safety modernization act, focus on medical devices, especially the potential of using the unique device identifier to improve monitoring devices throughout the product lifecycle. We have successfully worked on products 10 to courage innovation particularly around antibiotics and 10 to sure appropriate use of them. We focused on drug safety and transparency in the supply chain and especially on the safety of compounded drugs. Among other things, pew submitted transparency to the task force back in 2010 if the. They touch on some of the topics well be discussing today. Reading the background papers for todays meet regular mind med of a meeting we convened in a room directly above of us here a few yea