Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Earlier like they were headed to brand new record highs. Not so now. We do have the Dow Jones Industrials down 143 points. Ciscos poor earnings is pushing that index down. S p down 11. Nasdaq just higher by 19 points. Not the same at all for apple. Apple hitting yet another new high as it closes in on the 2 trillion market cap. News breaking of its new plan for subscribers to bundle the apple joy so which Companies Might want to dive for cover . We are taking a deep dive into the apple barrel, online contactless auto sales winning the race during the pandemic. Why are investors hitting the sell button on the hottest used car deals in cyberspace . We will ask the vroom ceo because hes here. And musicians still resorting to zoom with no live concerts and broadway still closed. But that does not pay the bills. Enter the chairman and ceo of the Recording Academy. The man behind the grammys. What hes doing now to help artists with their strings cut by the pandemic. Its a fox business exclus
Trying to bounce back after all of the major indices in the green. The dow struggling most of all just popped into positive territory moments ago. The s p trying to stay above morgan thats right i will note that were on pace for gains for the week including the nasdaq that is currently poised for a 4. 8 gain they pointed out this morning that the Broader Market it means this critical juncture right now and that given the big swings in both directions that we have seen in the s p and the Broader Market in the past two weeks leaves us right at the same level that we were at two weeks ago. There istechnical levels to keep an eye on early june highs, whether or not we break above that or on the flip side, the 200 day moving average, but i think the bottom line is that there continues to be a lot of uncertainty and a lot of headlines driving Investor Sentiment right now in terms of the marks, the tech piece of the markets, the nasdaq continuing a fourday win streak right now. Joining us is
Research finds very different experiences of black and white americans when it comes to the economy and the shutdown and the coronavirus. And these different attitudes come from very, very different experiences. Looking at views on the current state of the economy, you can see that 28 nationally see the economy as excellent or good right now. Thats the same number as you have for white americans black americans 5 view the economy right now as excellent or good. Thats reflected in some of the Economic Data weve seen that shows that africanamericans have been hit harder by the shutdown similar attitudes by differences about the outlook. 38 of americans nationwide are confident or somewhat confident in the future. Black americans, 16 are confident or somewhat confident in the future. Perhaps reflecting the differing economic experiences right now a lot of this comes from different experiences with the coronavirus itself 92 of africanamericans are concerned or very concerned about the coro