Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not just apple. Declined 1. 9 on the day. It was not just apple
Work and how the federal government could reduce office workspace. Months,st the past six the pandemic has completely upended our everyday way of life. One of the most stark and significant has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep 20 of their workforce working remotely after the covid19 pandemic ends in order to cut costs. I believe the federal government should also be looking for opportunities to save taxpayer money wherever and whenever possible. In recent years, private reduced their real estate footprint to save money. Theyve been able to do this because modern Telecommunications Technologies have enabled them to adopt remote work options and other Flexible Work strategies. 2016, del technologies h
[inaudible conversations] good morning. I call this hearing to order. In just the past six months, the covid19 pandemic has completely upended our everyday way of life. One of the most sudden and stark transitions to the way all of us work. Millions of americans have been unable to go to the office each day, as a result, weve had to find a way to get our jobs done and keep our economy going. The financial hit to small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses, as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their work force working remostly after the covid19 pandemic ends in order to cut costs. I believe the federal government should also be looking for opportunities to save taxpayer money wherever and whenever pos
Lessons learned from remote market learning during the coronavirus. Private is in its representatives were utilizing remote work and how the federal government could reduce their office workspace. [inaudible conversations] good morning. I call this hearing to order. In just the past six months, the covid19 pandemic has our everyday way of life. One of the most sudden and stark transitions to the way all of us work. Millions of americans have been unable to go to the office each day, as a result, weve had to find a way to get our jobs done and keep our economy going. The financial hit to small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses, as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their work force working remostly