19 Burst results for "Techstocks"
"techstocks" Discussed on KOMO
"Technology shares, notching a solid rebound. Stocks finished mostly hired today, Even his blue chips fell slightly. The tech heavy NASDAQ composite leapt 2% 232 points. I'm a big name Techstocks, Amazon and Apple rose more than 3% each. The S and P 500 gained 27 points. But the Dow Jones industrial average dipped 23. J. C Penny will live on a U. S. Bankruptcy Court In Texas today approved the sale of the struggling 118 year Old department store chain to its two largest landlord sent its primary lenders. Sell. Penny is on course to emerge from bankruptcy by Thanksgiving will move forward with plans to shutter nearly a third of its stores over the next two years. That's your money now. A month after recovering from covert 19 and Oregon Nurse says she's still coughing and having some breathing issues, and she's talking about the decision to intentionally expose her son to the virus. Katie Ormerod is a nurse who works in the emergency room continually exposed to the Corona virus, but not afraid of getting it. When she developed a cough in September. She did not think much of it. Then I developed a headache is like really intense pressure in my head. And then when I coughed my head just kind of pull state. She was tested and isolated from her husband and two kids hoping to protect them. Two days later, she found out she was positive. I gathered up my belongings in my house and said Bye and went up to my bedroom and pretty much didn't leave my room for about 25 days. Katie's five year old daughter also soon tested positive, so she pulled her into the isolation room upstairs. And they decided to bring her two year old in his well, hoping to protect her husband who had tested negative. Katie's one of 5000, Oregon, health care workers who've been infected with the virus since the start of the pandemic. Carleen Johnson, Come on news. Come on traffic..
"techstocks" Discussed on Bloomberg Radio New York
"The Russell 2000 essentially flat today. Slight downside by it's not much, but it was the mega cap techs that were the outperformers, given the fact that we were into the safety trade A lot of emphasis on looking at companies with solid balance sheets and the other part of the narrative. Here is the stocks that have been benefiting from the stay at home trade names like Zoom, which, incidentally, today was up about 10%. Apple, the most heavily traded issue by a long shot. Shares were up 3% today. And it was the Apple again that helped to lead the NASDAQ composite higher by 2% Today. Same was true for the broader market where infotech was concerned. The S and P 500 information Tech index was up 2.4%. Leading the way higher for the S and P, which was up about 8/10 of 1%. Today, Material names were weak. So too, were the industrials included in that the airlines And interestingly, even though crude oil moved tired today, many of the energy stocks actually declined. W T. I finished the New York session 41 42. The Dow down about 1/10 of 1% on the day there was no trading in US sovereign debt, given the Veterans Day holiday and as we get set for Asian trading, got a weaker yen. Onda. Weaker offshore Chinese yuan the results of some dollar strength in the New York session. I'm not prisoner that sure. Bloomberg Business Flash. All right, that prisoner Thank you so much Want to get right back to Shelly McNamara, She's chief equality and inclusion Officer, an executive VP Everett PG. She's still with us on the phone in Cincinnati. We're talking about Jen's ears. You talked about having several. You and your wife have your own group. I have one. S o. We learn a lot about it. But tell us about what does it mean in terms of the workforce? What they expect out of an employer and how? Cos howyou at P and G guys, you know, basically recruit them. Yeah. So I mean, you said a really important word. Their car, which is, you know expectations. They have expectations of us. And I would say that you know the first expectation they have of corporate America in the space of a quality and inclusion is that we give them something to believe in because they want tohave hope they want to know that we're actually working on Creating a better world that feels more just on more equal, because that's what they desire on. So one of the things that we're doing is we are. We have framed our work in terms of some specific outcomes. And so what we said is, you know we're going to focus on outcomes. Our outcomes are quality and inclusion. Let's start their equality, being the experience of being equal and then testing ourselves to say Okay, now, what does it take to create that for employees? And I would say that the strongest tests that are the younger the employees, you know, the more critical the hour and the more hopeful they are at the same time and in the second word is inclusion. And so that's our second main outcome and inclusion is a feeling of belonging. And both of those, you know outcomes are really critically important to this generation. Now. I also want to tell you that it's also important to have a plan and actually take some specific actions. Right. So one of the things that that we've done in terms of policy is recent example is we have changed our Parental leave policy affect you. And I would know it to be, you know, historically called a maternity leave, follow, highlight and its parentally policy that has eight weeks of fully paid leave. All the parents. It's not connected to your gender. It's not connected to your orientation. So in a same sex couple, and then we offer additional time away. Six weeks old paid for birth mothers. Okay, So these kind of policy shift that you're starting to see and that one were leading in that face Because that framework I told you about, it's gonna happen in all of the 70 plus countries that we operate in around the world. Hand. Generally, policy like that is Is anchored in a geography so well, that's that's so That's so true, and I've been having some really fascinating questions about that about, you know, diversity. It's not going to mean the same thing in the U. S. It is in terms of, you know, embracing all genders butt and equal among men and women as well. But I mean diversity in the U. S. Vs. Diversity somewhere in India is going to mean something differently. Yes, And there's some unifying things right? Like Carson. Common things like, you know, the concept and work of parenting is university, right? It's a universal need that we've that we've tapped into right the way we engage in that policy. How we communicate different countries right in the world may vary but our intention Is the same. And our plans have make it true for all of our employees. Surely one thing I want to ask you because I do think about it. We've had a lot of conversations on air about this that this past year. Listen to the Inequities, the racism that has existed. It didn't just show up. We know it's been around for a long, long time. But the pandemic or what happened with George Floyd and other black Americans that has certainly come out more. And I do think about things like me, too. And just other things that have made us a little bit more aware in our society over the last couple of years, I also think it I know you're from a large family. I think you're the youngest of 50. I am I'm one of seven and and and I have to say that that growing up experience, you know, getting used to different people, even though we looked similar, You know, you just have to adapt because we're not all the same. And I think that was a good lesson. And I just think about the world at large your own personal experience. How that has kind of impacted what you are doing at PMG when it comes to deny and equal measures if you will. Yeah. I mean, you know, I was the youngest of 15 Children. Onda had a single mother from the time I was four. I was exposed to a lot at a young age, but I would I would like to say the fullness of humanity. Because I saw a lot of things and experience a lot of things, and it really did for me in bed and me a couple of really important things. One is my interest in understanding human being and why we do the things we do. And then, frankly, my desire to find ways to bring people together. And I do think that you know, as Genji is one of the generations that is figuring out how to role model coming together across boundaries. What were Considered boundaries and barriers for for generations, like mine right race. Orientation those boundaries or barriers to those right to that generation. What that represents to them is an opportunity for learning and engagement and expansion, and that's one of the things that we're working on it. PNG is is we're working on, you know, it's a really important thing is to work on representation. And to make sure that as these young folks come into our company, they see people like themselves throughout the corporation. It's really important. Yeah, I totally agree. I've been thinking about that a lot more. Even if I just watch if I'm watching TV or streaming, and it's like, you know, if all I ever see is white people and like, well, this is representative representative our world You have to think about people who aren't represented. And what that what kind of message that sends to them? I hope you can come back. I apologize. I'm sorry. We had some technical difficulties, but I'd love to continue this conversation with you in the future. So thank you so much for your time today, Shelly McNamara. She's live platform because she's part of inequality. That may be here a little bit more of what she has to say on this subject. She was joining us. On the phone from Cincinnati. PNG is based. You're listening to Bloomberg, BusinessWeek coming up. We're going to talk about brands of a bit more going to talk about what happened to Andrew. This is Robert. This is a Bloomberg money minutes. It was a mostly higher day on Wall Street. Techstocks returned to the lead after two days of lost right.
"techstocks" Discussed on Bloomberg Radio New York
"Bloomberg BusinessWeek on this Monday? I'm Carol Masters to stocks definitely off their highs of the day, but we still have a pretty significant rally. When it comes to the S and P and and down. We're going to talk a bit more about the markets get the chart of the day from day Wilson in just a moment. In the meantime. Back to your top is histories and the prisoner done. Carol rally. Yeah, I mean, But you pointed out and you're absolutely right. We're well off the best level of the day. They're two prongs to a lot of what's driving the price action today, the first and foremost this large scale Corona virus vaccine study. It's a covert 19 shot. It actually would be delivered in two stages. It's been jointly developed by Fizer and Germany's by on Tech. It was, by the way found to have prevented more than 90% of infections. If you look at the trading right now, in Fizer stock is up by about 8.3% right now and 80 ours in by on tech. Better by about 15%. So you mentioned the equity market being off session highs right now, the S and P is up about 2.4%. But the best level of the day the S and P was higher. By about 3.9%, the Dow industrial average right now showing a gain of about four and a quarter percent. And I'm looking at the NASDAQ composite showing a little bit of weakness. Right now we're down about 2/10 of 1%. Going to the Bloomberg terminal. Using the W E I function going inside the S and P. We see strength and energy, which mirrors a rally in crude oil. W T I right now is higher by more than 8% were trading. 40 20 in the extended session, but a lot of the information Techstocks Yes, they're positive, but they're kind of lagging this move that we're seeing in the overall market. Look at the financials. They're moving up by in large measure, result of the move higher in long term interest rates. We have a little bit more slope to the yield curve, the 10 year Treasury right now, with a yield of about 94 basis points. So we've picked up about 12, plus basis points on the day. Many of the laggards in the cove it pandemic. If you're looking at the airlines, the cruise line's leisure hotel entertainment companies, those stocks are rallying in some cases by as much as 25%. I'm Doug prisoner. That is your Bloomberg business Flash Carol. Alright. Appreciate that, Doug. You are listening to Bloomberg BusinessWeek on Bloomberg Radio. Yes, it is it early. Aerosmith. It is, Yeah. It's It's got kind of. Ah, like out of the garage band, early days. Absolutely great stuff. Yeah..
"techstocks" Discussed on Bloomberg Radio New York
"David Westin. It's time now for a check on the markets, and with that, we turned our colleague scarlet food. David. We see little change across asset classes right now, the focus clearly on stimulus when we'll get it Not any time soon, and how much of a gap remains between the two sides. It's about $600 million right now. For investors. The bottom line is some kind of aide is inevitable. Fed Chairman Jay Powell reiterated his push for more fiscal stimulus. Again today, warning that too little stimulus would weaken the recovery. And, of course, his comments come after a disappointing September jobs report in which you temporary layoffs actually declined, but permanent job losses are piling up at the fastest rate since the great recession. Nasty evolution. The Treasury secretary, and Nancy Pelosi, the speaker of the House plan to speak again today on its some kind of stimulus deal after talking for about an hour yesterday. The best case scenario is that the to agree to some kind of outline this week, then Congress would need two weeks to write the bill return from recess. Overcome Senate delays past let the legislation so it could be weeks until individuals get the benefits we are seeing. Techstocks underperformed the market today, Dave Let's over at Jones Trading, says Check is just being used as a source of funds for the rotation into value stocks and bank stocks, with the pop higher yield over the last couple of days, Of course, we've seen Firms from J. P. Morgan to Goldman Sachs and Morgan Stanley calling for value stocks to finally outperform after months of underperforming growth. Also, there was some early indication that perhaps the House panel that was supposed to release its conclusion Into its 15 month investigation into the big tech names, maybe weighing on these share prices as well. They have not yet released a report. But we're hearing that it includes a proposal to ban the companies from entering different lines of business is, for example, Amazon wouldn't be allowed to sell its own products on its marketplace. Apple would not be able to have its own absence APP store. There's also supposedly legislation to shift the burden of proof in emanate to the tech companies themselves in order to prevent Facebook from taking over the future instagrams of the world, and the goal here is to reduce their dominance and create competition. You can see Google's chair of search in the U. S. Is 87%. Apple has almost half of the U. S smartphone market. And of course, we got hints of all of this. When the CEOs were called to testify in July virtually and created cried quite Mr David..
"techstocks" Discussed on NewsRadio WIOD
"Welcome back to the rig. Gentlemen show it's having the conversation to investments. We've got a couple of warnings have been issued a sweep through the biggest front in the industry, Golden Sachs and Deutsche Bank. People will finally saying But I have been warning plate sometimes months here on the program. As the stock market has grown dramatically in the aftermath of the drop last spring pandemic for started way saw the stock market rising over 50% in value. Just five months. The NASDAQ was up over 70% of the Mass Act was a heavy index. So we've seen Techstocks dominated in the performance of the past months on creating a disconnect eyes. I've warned you about between economic performance and Country receives stock market's performance that has raised a lot of attention on the so called family here all this election hang. Yeah, it's an acronym. It refers to depending on which stocks will choose to. Typically, it's Facebook, Apple, Amazon, Netflix, Microsoft and Google. Microsoft, of course, is not a little M in the word sang. But you kind of get a point and in Tesla's also included, although there's no TV in Shanxi either way. Bottom line is that we had an incredible run up in price on in the last four weeks, decline and values stock market now down four weeks in a row ever since, really approach Labor Day weekend can't say it's a big shocker. Surprised for the incredible have occurred in the past five months. His caused Goldman Sachs issue of morning this week about the tech stocks, they said, quote after 10 years of Dominic arrested piece next brigantine away there. It could be very different. Goldman Sachs not focusing on the past few months of what's been happening, protect. But the last decade the note that the tech stocks may continue to struggle rally to produce the growth rates that Aman ity there. Frankly, everybody used to decide on what they say is the clouds. Could your eventually be forming on the horizon for the stock? Second, it's not just Goldman saying Deutschebank issued on the line, and you know what they referred to us A looming Financial crisis due to the growing over evaluation of passing along with their countries of mountain you, Donald lost the overvaluation of assets. I think one of the stocks they were talking about today is Tesla. Vessel.
"techstocks" Discussed on KTAR 92.3FM
"Avoid it. Larry Lewis News Sunny skies today High 105 degrees clear down to 77 Tonight tomorrow Sunny with a high of 103. Whether is brought to you by Howard Air, whether replace or repair. Cole Howard Air whose time is 12 08. Running stuff. Ready. Sound from the honor guard. They carried the casket of the late Justice Ruth Bader Ginsburg that has Republicans and Democrats uniting toe Honor Ginsberg. Women in Congress from both parties lined the steps of the U. S Capitol is her casket was carried down the steps this afternoon after the second woman to serve on the Supreme Court was memorialized at a historic ceremony. Lying in state in the Capitol Sanctuary Hall, the American icon now she will be buried at Arlington National Cemetery next week. But already, Washington is gearing up for the political battle to fill her seat on the high court As soon as President Trump announces his Supreme Court pick on Saturday, Senate Republicans are poised to spring into action, all with the goal of confirming the nominee before Election Day. Now just five weeks away shortly after the president makes his announcement, GOP aides tell ABC News that the Senate Judiciary Chairman Lindsey Graham, will release a schedule for confirmation hearings. Those hearings are expected to last for three days, and the Republican's ultimate goal is for the committee's actions to wrap up with enough time for the full Senate to vote on the nominee before November. 3rd. Jordan Phelps ABC News Capitol Hill and the president is scheduled to unveil his nominee tomorrow around two o'clock in the afternoon and will carry the president's announcement. Live right here on our time now to get a look at your money from ABC News Wall Street now stocks moving into positive territory in afternoon trading following a roller coaster week and Iraqi month. Selloff centering around concerns if the indexes are in a bubble with the ongoing pandemic Techstocks seeing the most up and down activity Apple shares up along with Microsoft early today, while alphabet, Google's parent company shares dropped. Uncertainty from the ongoing Corona virus outbreak, along with tensions over the presidential election or driving some of those markets. The Federal Reserve's outlook this week signaling a slow, winding path to economic recovery, Tens of thousands of airline workers could be just days away from losing paychecks if airlines don't get another round of bailout funds. The deadline for airlines to furlough workers comes at the end of the month. Coming off of good data coming off of the good data of increasing home sales. The flip side, analysts say those remodeling jobs are becoming more expensive in this pandemic, with supplies for things like lumber, even hardware in great demand. Michelle Franzen ABC News and checking the latest numbers from Wall Street. The Dow up 260 points s so far this afternoon. Actually, it is spiked over the last few minutes, almost 400 points Now Dow up 391 S and P 500 up over 55, the NASDAQ Up about 250 points For more money news. You can visit the.
"techstocks" Discussed on Bloomberg Radio New York
"Worst economic downturn in decades. BOJ LIVING is 10 Year bond deal target Unchanged and run about 0% in its policy balance. Rated minus 0.1%. Hong Kong's government says formally protested against the Trump administration's moved to label imports from the city is made in China brother than made in Hong Kong, the city's secretary of commerce and economic development called the move irresponsible. On highly inappropriate. Hong Kong has made a complaint to the U. S. Trade representative Robert Lighthizer. Let's check how Japanese equities are returning from the lunch break following the BOJ decision, as Rich was saying, leaving things unchanged. You are saying that Ikea holding onto its losses and actually accelerating, though, is just a little stronger now down by around 9/10 of 1%, Even as you say, a little bit of weakness to in the end there what we are saying is this selloff across Techstocks similar to what you saw. In the US the Asia Pacific Tech index down 1.5% after yesterday, touching its highest level on record, Also watching some movement lower in the O Z that very volatile jobs. Siri's coming through today, unemployment unexpectedly dropping in the month of August to 6.8% from 7.5% quite a bit of a jump coming through in Thebes, part time jobs with overall employment surging 111,000 in August. I'm watching to what's happening there in the Rue Pierre Thie bank. Indonesia has its decision today as well being saying is leading things on hold because you are saying this pressure coming through in the repair the weak economy in Indonesia caused by the lock down and concerns, of course about the bank's autonomy weighing on the currency to wish Let's have a good jack Mars and financial being dealt another blow without Chinese regulators issuing new regulations that contain risks in the online lending industry. This all came from the China Banking and Insurance Regulatory Commission. The CB on the new rules follow recent regulatory tightening from the PBOC and all this at a time when aunt is getting ready for what is talented. As the world's biggest AIPO. Biggest idea in history. Let's get more booming NewsAsia investing in real estate team leader Liu Chen is with us. And what is this new regulation? Exactly? What's the likely impact here, Lou? Well, essentially, what it is, is that the Chinese regulators are curving a key source of funding for lending business consumer lending, which is the largest revenue generator for the company, the Chinese banking watchdog that I want to say that they plan to cap the use of acid back securities to fund quick consumer loans, and the new regulation limits that sort of funding to four times the firm's assets. Right now, and current ratio stands at 4.7 times. And so that means the company needs to cut back and in the future, it could also limit their growth potential. Lulu. Do we have an update on what the latest is with anti pope plans? We've been told by sources that there still seeking to raise as much as 30 billion in the AIPO, which would make them the world's largest. If that happens. Thie company is scheduled to have a hearing with the Shanghai Stock Exchange tomorrow Friday, and the results will are expected to be announced the same day and then they will have their Hong Kong hearing within weeks as well after that, the road show and the final listing will come After that. Limbered news. Lulu 10 with US in Hong Kong with the little known cloud data softwaremaker, snowflake, so and euphoric stockmarket debut that trance filmed the eight year old company until business that is now more valuable than you, Bedell or General Motors like sword by as much as 166% in its New York debut. Giving an evaluation of more than $70 billion. Snowflake chairman and CEO Frank Slip Man was speaking earlier with Blue Bow technology. We're thrilled with the reception. We really started assembling our institutional ownership little bit over a year ago. So this is really not something of the last a couple of weeks way had people you know, buy into a tender offer we did earlier January February time, friends and stuff like, is really a hopefully better company. Still, by the time we got to the I P O that was really high conviction into buying into the offerings over were thrilled with the way things Have gone this week. So talk about conviction shares more than doubling you priced at $120 a share closed at 2 53 that said You left a lot of money on the table. I mean, do you have any concerns that we've given the bankers a little too much here? You know, the assumption is always that way could have sold the entire offering a two number that we close that and obviously, you know, there's such a thing as a demand curfew. No, There's always dusters that are, you know, willing, Teo you by some number of shares at higher prices. But as you know, the I P O has a price discovery. Costas and we were after a very specific set of institutional investors. People that can't hold multibillion dollar positions They're willing to hold down for 5 to 10 years and also people that don't chase momentum either up or down s O. That's really how we landed at our price. You know, it's not unusual for a price to get chased up. Bye bye, Momenta players in retail and so on. So there's a lot of noise to itself. The idea that that we could have sold the whole thing at the price that we close that I don't think it's Reasonable itself. Outside. Is there a lesson here? For some of the other companies looking to go out of the gate? We've got huge public debuts expected for you know some some other huge companies in Silicon Valley Airbnb. Talent here. Any advice? You know, it is hard for people to price. The high growth ousted because my girl's house is going, How fast is it going to grow into it into its valuation? Right? So you need Teo really do a lot of work with investors because they have to make a long term. That's right. There's not a 12 month deal People are buying from 35. Seven years, and they need to understand the story extremely well to be able to do that. I have the conviction in one of the reasons you know, I want to stock right up on when we were really delayed in trading. It's because we just have no seller's young people were just hanging out for for dear life, So that's sort of slow things down a bit today. Now investors. They're seeing an opportunity here to disrupt Amazon because what you offer is basically your own version of a data warehouse. Amazon does have a similar product. What do you have on them? Wait. We have from the whole industry is really a product that was built from the ground up clean sheet of paper, you know, by a group of people who were some of the world's greatest database technology architects, people that really understand the technology really Well, also, you know, one of those lacking oldest time on DH, you know, one that gets completely redesigned to reimagine for classical computing a end about a complete different product, architecturally. Andi something that innovation on multiple vectors that once and you compare that to other people are offering out there. They're all trying to carry the legacy Architectures software designed for for for machine computing to the cloud and know that you find out that they really can't take advantage. Self cloud scale and you know that's where you see going on stuff like this is deceptive product because it's incredibly powerful. Given you on the line platform. It's just too public. The only room with public club on you. No way. Have zero legacy in.
"techstocks" Discussed on Bloomberg Radio New York
"Broadcasting live from the Bloomberg Interactive broker studio in New York. Bloomberg Winfrey. Oh Toe Washington, D. C. Bloomberg 99 1 to Boston Bloomberg 1061 to San Francisco Bloomberg, knowing 16 to the country, Serious exam 1 19 and around the goal. The Bloomberg business and Bloomberg radio dot com Thiss is Bloomberg markets. Coming up this half hour. We are going to talk Vaccine Marathon with Max niece and where we stand now will also speak emerging markets on the US dollar versus China with Winton off Brown Brothers Harriman first, Let's get a Bloomberg Business bash. Jared Techstocks body. They're continuing their trend down and more sharp declines for tech stocks are dragging Wall Street toward a third straight loss was Techstocks, Handan Darling Wall Street, even through the pandemic on expectations that can continue to deliver strong profit growth, almost regardless of the economy, and global health, tech stocks in the S and you're still a 25% 2020 so far silly, ma'am a ways to go. We checked the markets every 15 minutes throughout the trading day here on Bloomberg Radio. Currently the S and P is down. 2.1% down 73 Dads down 1.8% down 506 and the NASDAQ's Down 2.8% down 323 10 years of 13 30 seconds to the 300.67%, West Texas intermediate crude oil. Is down. 8.5% Now at 36 39 a barrel comics goals, little changed in 1933 80 announce Valerie and 5 90 60 euros dollars 17 90 for the British found that all of 30 35. Boeing has slowed deliveries of 7 87.
"techstocks" Discussed on WGN Radio
"Mountain Keep minorities is a huge wildfire turn through California's Sierra National Forest is just one of dozens of blazes crews are battling during a heat wave that shattered records all across the state. Look at W. G and Sports of socks. Visiting Pittsburgh tomorrow course while I had the game pregame at five 31st pitch with Andy and Darren, Add 605 right here on 7 20 w G. N ST Louis at the Cubs a little bit later this afternoon. Here's your forecast from the Perma CIA Weather Center Sunday this afternoon. Look for a high in the mid seventies. Tonight. In fact, tonight and tomorrow we look to get wet. 90% chance of rain tonight. Heavy downpours likely low near 60 tomorrow an 80% chance of showers and thunderstorms. Again. The rain could be heavy. And I about 70 look atyour money on W. GM. We've been watching futures for the reopening of the market tomorrow. Of course, US stock market's closed today for the holiday is looking at futures. It is a mixed showing. But look at the blue chips. The Dow 30 Futures right now up over 218 points S and P 500 Futures of 15.5. Here's the downside one though we have seen this with a weakness in the large cap Techstocks lately. NASDAQ futures down 47 a half Your current temperature's 76 over.
Stocks set to rebound from worst week since March
"Or or stocks stocks at at the the end end of of last last week, week, But But things things are are looking looking better better for for the the open open tomorrow. tomorrow. Of Of course. course. The The market's market's closed closed for for the the Labor Labor Day Day holiday holiday today today and and looking looking at at futures futures activity. activity. Dow Futures of 218 and a half right now S and P 500 futures of 15.5. Those tech stocks. Mega cap tech stocks still causing a problem because NASDAQ futures and that's where you'll find many of those Techstocks particularly the big ones down 47 a half right now, so a bit of a mixed market. Looking
"techstocks" Discussed on KOMO
"Heights and Bill O'Neill at the editor's desk on Tom Cutler. Another rough day on Wall Street. The Dow Jones industrial has been down around 400 points and the NASDAQ off nearly 4% is a selloff. Techstocks continues. President Trump Liking the latest monthly jobs report. The economy recovered about 1.4 million jobs in August. The jobless rate dropping from 10.2% to 8.4% Trump tweeted that the numbers are great and much better than expected. Come on Who's side out? 9 16. Three vaccines are in final stage of clinical trials would have taken two years for Another president, President Trump Rally yesterday in the election battleground state of Pennsylvania, touting his administration's effort, the fast track a covert 19 vaccine the same day. Senate Minority Leader Chuck Schumer accused the White House of pressuring the FDA FDA to approve a vaccine in time for election Day to boost the president's approval with the latest I'm joined by ABC is Andrew Dimmock in Washington, Andrew Thanks as always, for being with us where We're hearing November 1st as a possible date for a vaccine to hit the market. What's the latest? And here's the big question. Could the U. S really see a Corona virus vaccine Before Election Day, A letter from federal health officials went out two states instructing that states be ready to begin at least distributing a vaccine by November, 1st, which is, of course, two days before the election. It was course sort of a heads up to the states to be ready. But that heads up has not been met with exhilaration but suspicion among public health experts who wonder whether the Trump administration is just Hyping the possibility for election purposes or actually intends to rush the approval of a vaccine for political gain. Now, this is all part of Operation Warp Speed, which was announced months ago by the White House administration to speed up efforts. For a vaccine. But it's worth noting that the chief adviser for the White House vaccine program says today that it is extremely unlikely that a vaccine could be available by the end of October or early November, and added, though, that it wouldn't be totally impossible. That is the I guess The the catch all phrase would not be impossible. But it does seem implausible in many cases, and of course between the Food and Drug Administration and the Centers for Disease Control. Both are feeling a lot of pressure and a lot of vulnerability. It would seem Sure they are facing some vulnerability and I wanted to update Also on on where we are, at least with two candidates, referred to as vaccine and vaccine be is probably the most promising here in the United States were being developed by companies Visor and motor. Erna, now the adviser for the White House Vaccine program, also said that there's no intends to introduce a vaccine before clinical trials were completed. In fact, that just cannot happen even if the administration wanted to do so, And there's no indication that they knew that these trials On ly be completed when an independent safety monitoring board that would be separate from the government actually affirms the effectiveness of these vaccines. So there will be a third party that has nothing to do with government that would have to sort of green light these vaccines before they went into mass production. And of course we're During some numbers about growing amount of people who may not want to take the vaccine, even if it does become available. Andrew as always, thanks for the great reporting and have a great weekend. That's ABC is Andrew Denver in Washington. Komal news time 9 19. From ABC News Tech TRENDS. Last week, the Elon Musk startup called Neural Link showed off a pig named Gertrude that had a coin sized computer chip implanted in its brain. Ari Benjamin works in the University of Pennsylvania's courting lab, he says, nor links goal is to help those with neurological conditions. What that would look like is that they're able Tio type on a screen or be able to Use robotic arms or legs with some rudimentary level of control, and that, like using your own arms or legs will be able to just think and have that happened must hinted the tech could be used for bigger projects like telepathy. But Benjamin says those ideas aren't quite ready for prime time would require a nun just standing of the brain and how it works. That is many, many decades away. But neural link is not alone in this space. A lot of the large tech companies, including Google and Facebook, are developing brain computer interfaces with tech trends. I'm Jim Ryan, ABC. New News time 9 20 is propellant. Sure, it's business update time. Your money now. Here is Ross, okay? Danish drugmaker Novo Nordisk is exploring whether a new class of medicines that helps people lose weight and control. Diabetes also has potential infighting, covert 19 obesity and diabetes or pre existing conditions that have been shown to make the viral infection. Worse. No barn orders. Scientists believe drugs to keep blood sugar levels in check could help diabetics Battle Cove. It Louisiana is sheltering about 12,000 Hurricane Laura evacuees, mostly in New Orleans hotels and governor John Bell, Edwards says the state doesn't come in dear hotel rooms. There is real concern about residents and storm battered homes who can't afford or find alternate housing. He hopes to avoid using mass shelters during the pandemic, so he's encouraging homeowners to sign up for Operation Blue Roof. A program to provide blue tarps to cover the roofs of damaged houses. I'm Ross okay with your money now, as we mentioned a moment ago, another dismal day on Wall Street Heading into the three day weekend out is off for 196. That's down one and three quarters percent. The NASDAQ down Two and three quarters percent. A loss of 310 points right now, the S and P 500 is down. 2%. It's 68 61 that you're propel insurance Business update. Stay home. Stay.
"techstocks" Discussed on KOA 850 AM
"Into a depression. Nobody's depressed on Wall Street. Right now. Stock futures are rising as the market looks to extend its record setting rally. Dow futures Up by about 265 points this morning, Techstocks lifted the S and P 500 or all time high last week. Above the record that it set before the Corona virus let the air out of the economy the dollars studying against major currencies this morning. His traitors hunt for signs of global economy health, The dollar is holding on to gains and it made against the euro late last week, traders were taking comfort in the dollar because of support of data on business activity and home sales. They're also hoping for assurances from the Federal Reserve's annual economic policy symposium. That starts this Wednesday in Jackson Hole, Wyoming. TIC TAC plans to take President Trump to court. The F company confirmed that it plans to file a lawsuit challenging Trump's executive order that would effectively banned take talk unless it is sold to an American buyer. Tic TAC released a statement over the weekend, saying they have sought to engage in good faith to provide a constructive solution. It expects to sue the administration this coming week. Nikola Goddess, NBC News radio governors moved to extend closing time at bars by an hour is not stopping the tavern League from moving forward with legal action. On Friday, Governor Polish moved the time to 11 P.m. instead of 10 before the pandemic. Last call was at 2 A.m.. Restaurant owners say they're still losing too much business and they planned to push for atleast a midnight last call. Next money update Coming up in 6 12 Pat Water. Kay AWAY NEWS radio. Thanks Pat 5 44 B. K is here from his home studio talking about sports. And what a difference a week makes last week cash. We're all fired up about the Rockies, abs and nuggets now, after that weekend, not so much Yeah, the Nuggets now find themselves in an almost insurmountable hole. After last night's 1 29 1 27 lost to Utah in their opening round playoff. Siri's inside the NBA's bubble Jazz All Star guard down when Mitchell led all scores of 51, but he's matched by Nuggets guard Jamal Murray, who had 50 points, 11 rebounds and seven assists and loss. No. One time we're not going to know 315, what is going on there? No, I must go home yet. So, he said. There's a lot of fight left in those pictures. Nice, though. If I was on my Marina's Nuggets teammates now seek to become just the 12 team in MBA history to come back in a best of seven series after trailing 31 Game five that you heard Marie Reference comes your way tomorrow afternoon at 4 30. I will try to not their second round. Siri's up at a game apiece tonight when they look to bounce back from Saturday's game one loss 53 at the hands of the Dallas Stars, but drop in Edmonton tonight set for 8 30. The Rockies just can't stop the bleeding there, swept for the second straight Siri's After Sunday's 11 3 lost to the Dodgers in the city of Angels All Star shortstop Trevor Story knows his team isn't living up to expectations. We care so much about this team about winning believes that we have in ourselves and we're not fulfilling that right now we're not doing I'm playing the way that we know we can place that's always frustrating. Rock will try and stop the bleeding tonight in Arizona Game one of a four game series gets underway with our coverage at seven o'clock and streaming on the I Heart radio up first pitch at 7 43. From tonight, the Broncos will kick things off against the Titans and empower field at mile high. Let's hope they're a little healthier than they are right now. In training camp Bonn, Miller returned to the field. Sunday, but a sore elbow kept him out of most of the drills. Melon Gordon still on the shelf with bruised ribs, but Vic Fangio calls him day to day and a couple of rookies cornerback Michael John Moodie is going to be about a week with a strained quad and inside linebacker Justin Starr not left practice with an injured wrist. Broncos are back on the practice Field UCL training center this morning at 9 15. The golfer Dustin Johnson. Back on top is the world number one after carding Ah 30 under 2 54 1 by 11 strokes at the Northern Trust at TPC Boston that sports membrane in crystal on Katrina's radio home. The Broncos 5 47 right now on Colorado's morning news, as many 13 as 13 have been arrested been being reported from a weekend protest against the Denver Police Department. It broke out on Saturday night. Resulting in fires being set in windows broken out at the police headquarters. One officer was injured during the demonstration. The protests came after last week's decision by the city Council, not tohave. Voters decide on defending police in the name of putting a peace force in place Pikes Peak area fire officials could issue some new restrictions today as they address the wildfire risk in the region. The regional Wildfire Preparedness group is planning a briefing later this morning to talk about the area's fire danger. New Bern restrictions are likely to go into effect is hot and dry Conditions persist. The president says. The federal government is on the ground, helping to fight the wildfires in California the federal government has already deployed over 26001st responders. And personnel to battle the wildfires were working very closely with the governor. President Trump has already approved a major disaster declaration for the state to help California and local leaders with resource is the president said he's spoken with Governor Gavin Newsom about the response to the fire's acting homeland Security chief, Chad Wolf says there's no authority for his department to have law enforcement Agent service poll watchers. We have law enforcement authorities and law enforcement officers at the department. We have expressed authorities given to us by Congress, and this is not one of them on CNN's state of the union. Wolf says Congress has not given his department authorization to do that in the upcoming election. His remarks come after the president suggested and listed a number of law enforcement groups that would be involved, including sheriffs. Work. It makes.
"techstocks" Discussed on Bloomberg Radio New York
"So we had a mixed day for the equity market today. On the positive side, Techstocks outperformed, but many of the big bank group were down. This was after Warren Buffett's Berkshire Hathaway paired stake in some of the Industry's top names. So if you look at the major benchmarks, the Dow weaker by 3/10 of 1% But we had a record high for the NASDAQ Comp on a closing bases 1 11,029 But to be fair, we came off the best level off the day in the broader market s and P 500 with a gain of about 3/10 of 1%. Tesla's shares rallied more than 11% Wedbush analyst Dan Ives raising his price target on the stock to 1900. He is expecting to see a rebound in demand in China, and that will help Tesla reach its goal of 500,000 deliveries. This year Week. Those shares of American Airlines, down 5.3% carrier is going to cut flights to some small and medium sized cities. You know, the aid for the industry is set to expire September 30th and CNBC was reporting that Up to 30 destinations could be on the chopping block. Warren Buffett's Berkshire Hathaway has added Barrick Gold to its portfolio today. Shares in barrack were up by more than 11% long term interest rates had dropped a bit today. 10 YEAR Treasury losing a little more than two bases, points and yield. We were last quoted in New York and healed of 68 basis points. And we had some dollar weakness today as well, with a Bloomberg dollar spot Index dropping a little more than 2/10 of 1%. I'm Doug prisoner that is your Bloomberg business Flash All right. Thank you so much, Doug. So if you're a political junkie, this starts your three month a Super Bowl into November 3rd, the elections. It is the DNC Democratic National Convention kicks off tonight for four days and joining us for what To expect is Rick Davis, former Republican strategist and Bloomberg contributor. He's a former manager of Senator John McCain's a presidential campaign. He joined us on the phone from Virginia. Rick. It's always fun to catch up with you. What's the number one thing you care about today? I think that we need a moment to launch this virtual convention, right? I mean, so much of conventions or the cheers and the rallies and the excitement on the floor of the convention hall, and you don't have any of that this time. So I'm placing my bet on Michelle Obama delivering for the first night tonight and creating a moment in this convention she's done in the past, and the pressure will be on her to do it tonight. What does it tell you about some of the speakers that are lined up brick at this point on DH? What the Democrats are hoping to achieve this week. We'll do the first night air usually focused on sort of the consolidation, the unity. And and the electorate itself. Right? It's a It's a real mixed bag of folks. Mario Cuomo will speak Mario Cuomo. Andrew Cuomo will speak, yelled, I am way we do that all the time to talk about Cove it and sort of the response to that, especially with this administration. In the weakness of their response. John Kasich, former governor of Ohio, the never trump er, you know, we'll go after Trump, you know, and sort of given indictment of Trump but also rationale for why Republicans, especially suburban Republicans, should support Biden. You know, Bernie Sanders will talk about consolidating the party and you know how they've got room as progressives to be in this party, So it's a big tent kind of night. And then there's Michelle Obama who, you know, I think we'll be part of the star studded package that They're hoping we'll get eyeballs on to the show tonight. Under the show was my Cuomo. No kidding. Just getting so something that I feel like we talked about a lot is that they're just not as much passion and excitement for Joe Biden that there is for President trumped and that you can see that reflected in the polls like yes, Biden's been up consistently. But you made that argument well, with 160,000 dead, like, why isn't that spread even bigger? Can he change that narrative at all today? You know, it's not so much for today. That will be his job on Thursday night. It's going to be his chance really overshadowed in the last 45 months since he became the presumptive nominee by Cove it to breakthrough hopefully for him. He's you know, counting on 35 to 40 million people watching this will be the biggest single audience he sees before Election Day. And this is his chance to make the case. Realistically these days, elections or more about who you don't like that. Who you like. And that's certainly the case this time, and it was certainly the case that elected Donald Trump. Nobody really had an opinion about Donald Trump in 2016 but they didn't like Hillary Clinton so they were voting against Hillary for Donald Trump. Biden is the beneficiary of that cycle. So lot of people are voting against Trump. They land on Biden. That's just that's just the way politics is today. But Biden has a chance Thursday night to make his his appeal. And if he does a good job, it could be a lasting memory for a lot of voters. I do also wonder, you know when it comes to President Trump and supporters How many people say Yeah, I don't like him, but then they ultimately vote for him. Well, his own supporters were pretty rabbit, right? I mean, like, if you are a Donald Trump supporter today, you probably aren't ambivalent about him when he needed it. There were a lot of boards that alliance but there were a fair amount of people who you know, last time around, were like, Oh, yeah. I couldn't vote for this guy and then secretly did the kind of shy Trumpers we call them. Well, I think they were shy Trump, primarily because they didn't think they could vote for Hillary Clinton ran a lot of suburban Republicans who really didn't like Trump. You know, he had a very negative public image ended up voting for him, not because They thought they saw something special in him, and they just couldn't bring themselves to voting for Hillary Clinton. I mean, she was way too partisan for any Republican to cast a vote for her. In this case, I think Biden in this first night of the convention is trying to make the case with people like John Kasich. Christie Todd Whitman. You know, folks like that who are going to be speaking tonight? Republicans that you're welcome in my party. I won't embarrass you come over here, and that will be a different take than Hillary Clinton, who never really reached out to Republicans and kept very partisan to the end. We have about a minute left. How will President Trump trying steal the narrative? Well, he's really good at that, right? Donald, and he's going to be campaigning during the convention in various places..
"techstocks" Discussed on Bloomberg Radio New York
"This is a big day break you for this Tuesday, the 11th focused in London coming up this hour. Corona virus cases worldwide Top 20 million but in the U. S economic aid talks remain both down this as President Trump says that he's very seriously considering a capital gains. Tax risk on sentiment grips global stocks. Lebanon's government resigns in the wake of the Beirut blast in the YOU and US condemn Belarus over a brutal postelection crackdown. I'm Leon parents with world news. And the UK government overhauls contact tracing with daughter door teams. Meanwhile, UK employment drops the most since 2009 as a labor crisis looms. That's all straight ahead on Bloomberg. Daybreak Europe on the Digital Radio, London Bloomberg 11 3 New York Bloomberg 99 1 Washington, DC Bloomberg 1061 Boston 9 60 San Francisco Serious Exam China 1 19 and around the world on Bloomberg radio dot com and fired the Bloomberg business APP. Good morning from London. I'm Caroline had couple Markham to daybreak. You live on London baby dish, Eladio. It is coming up to 8 to 1 a.m. In London nine or one of your listening in Paris, Frankfurt or Brussels? I neighbor Che Hitch on Caroline. It's interesting because we really all seeing some clear risk on across small Kate. So we had a second day yesterday in the US where the large cap techstocks underperformed. You had cyclical stock groups like industrials and energy, outperforming also small caps. Outperforming again, So it's not only a risk on tone. You're sort of getting a real flavour of the quality of the risk on as well. Yeah, absolutely. I mean, you gotta remember you appear next. He's also Clyde jested out 3/10 of 1% on their does also seem to be continued optimism. Take me around the single market cards, he said. The euro net long positions The highest on record. So yeah, I think that there is quite a lot of positivity. Despite all things that might weigh on the markets like the jobless figures out of the UK today, or indeed, the lack of progress of the stimulus talks in the U. S. Absolutely. And U. S. China tensions with some of the latest moves by the U. S on Chinese companies, I mean, that was the reason attributed to some of the underperformance in in large cap tech as well. But it really does seem like a glass half full view in the markets at the moment. You do wonder in terms of the stimulus will risk assets. Be happy with anything. Was there some sort of agreement? Yeah, absolutely. I mean, you know when he still talked about a trillion dollars or Mohr Yes, I think, But I do think that the markets are banking that it is going to get done that it is simply, you know, delay. If that we have no timetable for the talks. Absolutely. Let's take a look at the action across assets, then 2.5 minutes into the equity market. Open the stock 600 very firmly in the green up 8/10 for percent. We're looking at 1/3 day of gains here, take a look at the industry groups. Below the surface on DH. Every single one of them is up outperforming. You've got carmakers, oil and gas and banks so again outperformance off those cyclical, even value sectors, whereas you've got the defensive sectors underperforming utilities, healthcare real estate, so that really does talk to quite a firm. Risk on tone a risk on tone with conviction, I would say in the markets today, footsie 108 10th of a percent 40 DAX IBEX puts He made all up more than 1% Now, when it comes to US equities, the S and P 500 did end in the green yesterday. The NASDAQ Closed lower, but the S and P 500 is not it'll far from its February record futures positive up three tents for percent. NASDAQ futures higher by almost four tents for percent. DOW futures hired by the same the tenure yield is near a two week Hyatt study. Though 58 basis points tenure bundle goes nowhere negative, 52 10 year old Edges up a base 0.14 basis points Interesting. Given the employment data we got out of the UK If we take a look at effects, the pound is one of the underperformers, but it's pretty much unchanged. We have seen two days of dollar strength, which took the dollar to an almost week high. But if we look at the Bloomberg Dollar Index right now, it is unchanged earlier. We did see it pull back a bit in the Asian session, Speaking of pulling back we're definitely seeing that with gold. Back below $2000 announced earlier. Now we're back above 2000 just above $2000 an ounce, but down one of the quarter percentage point on oil on the front foot 40 to 15 Brent at 45 09 Caroline OK, let's sit down Pinto. What stocks to watch. Then in particular this morning Bloomberg's tenure Colucci Cho joins us now down the line, starting things off with best ass bringing back there. 2020. Guidance on then. Also on the earnings. What's going on? Sonia? Yes. Good morning. Yes invested stalking celebrating the news, so it's about 511% this morning. Yes of the world's biggest wind turbine maker, reintroduces four year revenue guidance after suspending it in April at the height of the Corona virus pandemic, so they are feeling more confident. And they see revenue for 2020 between 14 billion euros on 16,000,000,000 years, which is beating the average of analyst estimates. Okay, so that from festers and Solando revenue increased in the second quarter. Yes, still reading in the second quarter doubled compared to last year. So the online retailer fashion accessories is really well and butter healthy analyst this morning said that the first half was very specifically because brand and retail partners significantly include direct their activities and customers. Place 4.7 orders in the past as 12 months on an all time high. That's an average of 4.7 orders. Now. Orlando stock has been fluctuating this morning, but it up again. It was up as much as 2% earlier today. Yeah, has risen something like 45% this year, the German Berlin based Orlando What about Hello? Fresh. They've also got earnings are coming to the end of the earning season away. But second quarter from Hello, fresh. That's right. Well, hello. Fresh is a direct beneficiary of lockdowns and said people even though the lock down Large leak and now lifted in most of the developed world. Do many people continue to eat at home, so they're still seeing a lot of man for their meal kids and because of that they're seeing their full years sales almost doubling as the pandemic purses and the stock is reacting to that it was that much of a 42% this morning is up 6.9% this morning. Really great news for the hair holders of hello fresh. Good stuff. Thank you so much for joining us this morning River, extending a glue show with all the stocks to watch and let's get to our top stories. Caroline here in the UK, the government has announced a shake up to England's much criticized virus track and trace system. Centralized army of workers tasked with finding people will be replaced by locally based teams who go door to door. The shift reflects concerns the program isn't reaching enough potential Corona virus cases to be effective. Latest data showed only 74% of the almost 5000 people who tested positive in the last week of July we reached the government scientific advisory Group for emergency says 80% need to be reached for an effective system. Meanwhile, the UK employment picture employment dropped by 220,000. That's the most since 2009 and the latest figures the second quarter numbers cover the period that saw Corona virus restrictions at their most severe in the UK and they are a taste ofthe labor market crisis that is expected to gather pace is the government support of the furlough scheme is gradually withdrawn. From this month. President Donald Trump says he's seriously considering cutting capital gains tax. It's a move he decided against last September, saying it wouldn't do enough to help the middle class. But now he thinks it could create more jobs. You'll be hearing about that in the upcoming few weeks and I think it'll be very exciting. So capital gains tax is going to be a lot of a lot of people put the work. And it would be a cut in the capital gains tax. I was President Trump, speaking at Monday's press briefing. It's important to note he can't cut the rate without Congress, but some advisers say he could issue an executive order to slash tax bills for investors. When they sell assets, and yesterday we were talking about four executive orders President Trump had already put forward Caroline on Do you know we're still in deadlock in terms of the stimulus as well. Democrats and Trump negotiators have no early plans. To reengage and there is a risk of protracted talks. That risk is growing despite the election pressures. Yeah, absolutely. Meanwhile, on another US issue, US China attention So Citigroup and Standard chartered a stepping up scrutiny of their kind in Hong Kong. Hoping to avoid violating area Recent U. S sanctions. Bloomberg's Brian Curtis has more now from Hong Kong, sources say Citigroup is already taking steps to suspend accounts. These would be those linked to 11 targeted individuals stand chart is assessing if it has any such relationships, and the British bank would not open any new accounts with them..
"techstocks" Discussed on KNST AM 790
"Lab tests now at 7034446633 Welcome back, everybody having the fun weekend. This is the money matters. Show markets did well last week were now at the top part of the range. Will we continue? Well, we drop back and think 3200 is a good level looking at whether or not we can go back down. And if we do, we'll probably go a little bit Lower. 3000. It's an area looking for 6050 29. 50. You know, you don't know until you start for one. We have some cash. We raise some cash. We're going to continue to raise cash right into the election. We have a plan for the election. And then we're gonna have a planned if by them wins, and we keep the house will have a plan for Biden. When we lose the house, we lose the We lose the Senate. I know that's what I did. If there's a clean sweep, democratically, we need a plan If Trump gets in. We need a plan, and if beforehand you need to plan beforehand, and we're doing that for our clients, we have a great I think a good plan. It's going to be, you know, obviously whiskered verse. We're not selling everything, so don't think we're selling everything. But we've definitely been talking about it almost every day on how you wanna handle this and go forward and going to plan ahead of time. Also What? You ought to go take a look at our new website. Tell me about this stuff. So it finally went live on with it Monday Tuesday, anyways, won't live this week. Greenberg financial dot com. There's a lot of good information what we Dio explains how we are fiduciaries. And explains the financial planning process What we can help you with. There's all kinds of areas that people don't realise what we dio and can help them through so such as divorce, which I mean a lot of financial Things impact get impacted through a divorce. So it's just not our services. It's where you are in life for you. You protect. You need protection. Are you building wealth? Are you in your retirement and all the stages Because What we did in the starting out. You got accumulating wealth. You got pre retirement and retirement and each stage doesn't matter When you start. It's about doing something. Right, because it all leads. If you start out at the beginning, and starting out, that means you retirement. Is that much easier. But if you've done nothing and didn't plan anything, and the only retirement you're still better plan because you you you don't want to run out of money. That's the biggest question. People will always ask. Am I going to run out of money? And we're going to show you. If you spend this much money, you're going to run out of money. If you spend this much money, you're not going to run out of money. You are different. You know that whole financial planning software that we used. It does show like maybe I should increase my 401 K contribution now, so I can't enjoy retirement and, you know, keep the expenses the same or increase them and travel like I want Tio R. Just different scenarios. So it's a useful tool to give you an idea of what we dio, but you can click for more information or give us a call or email. As well contacted Greenberg financial dot com and this is the top of the second hour, so we ought to talk about the market and what it did this week. It was kind of a repeat of every week almost every week since March 23rd With the market moving higher S and P 500 now 49.2% of of the March 23rd low. NASDAQ composite Techstocks, 62% up from March 23rd. The tech stocks have been leaving the market of last week. We had a down week for the tech stocks, but the essence remained relatively stable. We were happy to see that We were concerned, it's a tech stocks roll over. It might mean trouble for the rest of the market. But now with Apple having done the four for one split, and because Tech stocks have been so important to this rally, we were Really relieved on Thursday night to see the earnings reports from Apple and Amazon and Google and Facebook. They were all excellent. So maybe we should talk about what what are the advantages of a stock split? Because a lot like a normal person That's not in our industry might not understand why a company would do a stock split. With the You know, Stocks place used to be daily announcements. You don't see them at all anymore, So it's really is kind of out of the blue did not expect to see that. Was shocked by it. And stock splits are exciting for people because it means you have four times as much stock as you had before. In theory, a stock split is completely meaningless. Yes, but what What happens in actuality is you're used to seeing Apple around three for 3 54 $100 a share. And now always sun is $100 a share. And there will be an awfully a lot of people that generally speaking there will be a lot of people that are likely to want to buy it, so it makes it more attractive. So like we go back to the whole Robin Hood thing, and these younger people that are buying these socks. Oh, well. Now I can buy Apple for $100 as opposed to the $400 So that's why the company would do it to make it more attractive. I was wondering when if Amazon would ever do a stocks, blood, it seems like they don't need to, though. Now they just nobody needs to know they don't like they start like they see like a slowdown. I thought you'd think they might. Because I want more buyers, But I mean, everybody's buying in 3100. Yeah, there's nothing with zero commissions out there. There's nothing to stop you from buying one share of Amazon three shares of Amazon back in the day if you bought less than 100 share a lot You would pay an odd lot fee that was called back then we don't have our lot fees anymore. In fact, there aren't any commissions at all. Yeah, at places like Robin Hood and Schwab and you know those places. I'm just not sure. Why Apple decided to do the Ford once, but it's exciting. It's fun, but yeah, we're all in. Yeah, I brought all the attention to them. That's why It has brought the attention to him is going to bring other people who didn't out $400 even if they want just one share that $100. Now they can get a sheriff up well and remember apples, apples, a consumer company, right consumer goods company or something. Consumer goods and services. And I heard a lot on CNBC did about how I look at Apple cares about the small guy. Apple cares about people. So it may have been just Ah, way to buy some cheap advertising. Yeah, they've been talking about him. One thing it does do apple is isn't is a large component. Of the S and P 500. It's a large component of the NASDAQ and is one of the Dow stocks. So as Apple goes, kind of like in the back in the day, as GM went, so went the market right now. It's as Apple goes So goes to market. Dean talked about technical Resistance support levels. I'm not sure that you can get that kind of a poll back without Apple falling apart, and I don't know what's going to make Apple fall apart over the next few months. They had positive revenue in her. Ahead. The beet sales expectations in every category the last quarter?.
"techstocks" Discussed on WMAL 630AM
"Network shows I'm in Hamilton here, managing director at the wise Investor group Baird in Reston, Virginia. We've been talking about how so much money has been chasing biggest five Techstocks, Facebook, Amazon alphabet, Apple and Microsoft. But it goes beyond that. Okay, so those five an aggregate trading roughly 7.7 times revenue about 55 times earnings. I read this pace converted investors to buy reference before the break their group down in Dallas, and they looked at what percent of the market cap of major U. S. Stock and disease is accounted for by companies that are both more expensive than those top five. It also have lower quality financials. How many fit that description and the answer is get this out of the 3000 stocks that they looked at, which encompass to like us have most of the most most of the prominent U. S. Stocks about 3000 names. 500 500 out of 3000. Fit that criteria. Lower quality fundamentals but higher valuations, then the Big five. That's almost 7% of the S and P. Ah, whopping quarter of the Russell 2000 small cap Index, and Verdad calls them the bubble 500. On egg in aggregate. Those 500 Trading about 13 14 times sales. Try getting at multiple if you're trying to sell your business 13 to 14 times sales. And essentially zero profit an aggregate meaning zero margins and zero return on assets. So what's interesting is the valuation of that quote Unquote bubble 500 seem to be Arguably Justified solely by their difference and forward growth expectations as compared to the Big Five stocks. So in other words, the reason people are bidding them up is because they think they're going to grow that much faster than the apples and Amazons of the world. Investors are paying a lot more for that, despite much lower quality in the short term. And of course, most of these companies are smaller and younger than today's top five. But I think it's pretty shocking to consider that very rarely had those big five companies ever traded above 10 times revenue. So the companies that are the most successful today like an Amazon or apple, they never traded to those types of multiples. You're paying more today for a broad bucket of unprofitable hopefuls as voted calls them. Then the Fang architects. That now have near monopoly status. And this is the key point paying over 10 times revenue for exciting growth stories by their math and I've done this math myself over the years, is historically one of the worst long term investment methodologies ever. I can't be any more clear than that. Their research on similarly priced similarly unprofitable new issue stocks..
"techstocks" Discussed on KLIF 570 AM
"Branch officers to check a vehicle off LBJ and Midway, and that's where deputies found the bodies. Any time you have a loss of life, it's very tragic Children included. That's that's something tougher officers to deal with it, Sze not something that many folks have to deal with on a normal basis. So far, we're not hearing anything about the apparent cause of death. Officer Rutherford is urging anybody with information to please call police. The feud between McKinney's mayor George Fuller and outspoken councilman less shady and sham well reignited. This week, Tempers boiled over during a recent council meeting when the mayor moved to have an 11 member committee review The statue removal of James Webb Throckmorton, who was a Confederate general going to Fuller Schimmel disrupted the city meeting and based on the presidents of Schimmel supporters. Armed with a 15 rice rolls, he said he ended the meeting for safety reasons, determined that we were not able to have this discussion civilly and respectfully and I joined the media. General faces a recall election this November. A bill proposed this week by Senator John Cornyn would have recognised Juneteenth as a national holiday, but that has been blocked by the Senate. Senator. Cornyn told his colleagues in the Senate this week that the bipartisan legislation represents reconciliation. This is an opportunity for us to demonstrate our concern our commitment to equal Justice and equal treatment under the law. He urged the Senate to pass the bill. But it was blocked by Wisconsin Republican Senator Ron Johnson, who estimated that adding another federal holiday would cost the private sector up to $600 million each year. Clayton Nevel Korff News It is 709 Let's get a business update now from network Radio Spencer gown morning, Spencer. Good morning, Amy did the NASDAQ Techstocks crack, They had led the rally up the recovery and the market values. And the NASDAQ hit an all time high above 11,000. It's fallen almost 7% since then, the down premarket trading down about 96 points, 1/3 of a percent. That's compared to the NASDAQ's 1% decline. West Texas Intermediate crude 41 18 per barrel, making some progress this morning. I'm Spencer McGowan President McGowan Group. Net worth radio dot com Coming up on Cliff notes There will be no Republican National Convention this year story among.
Why Apple Stock Fell Today
"Cap Techstocks showed weakness. Today, Apple was down 4.5%. Much of that came when Axios reported multiple states are investigating Apple for Potentially deceiving consumers. Microsoft who we're talking about this late yesterday, the disappointing cloud services growth today in the regular session stock was down about 4.3%.
"techstocks" Discussed on KLBJ 590AM
"S. Senate. M. J. Hager has all the big D C money backing her. But what are they backing? Ask M. J about green new deal Abolishing ice or ending fracking and she clams up. San Antonio Express News, wrote. Hager isn't a specific as we would like. You think MG skips forums and debates voted in the last Republican primary for president. Then there's consistently liberal Royce West. Rice is ranked one of Texasmost, liberal state senators supporting gun control, higher taxes and Hey, stood with Wendy Davis to remove all limits to abortions. Royce opposes controlling our border. Rice West is far too liberal for Texas, and no one has a clue what M J or even stands for Nice choice. I'm John Cornyn, candidate for the U. S. Senate, and I approve this message paid for by Texans for Senator John Cornyn Inc. NewsRadio. Kale, BJ on Patrick Osborne. This news brought you by the good feed store President Trump officially sends out notice that the U. S will withdraw from the World Health Organization. Trump campaign press Secretary Hogan Gidley says the U. S. Has pumped hundreds of billions of dollars into the show. With minimal results away. You combat these massive global pandemics with information, they have not been forthcoming whatsoever. In fact, they've actually covered up for China's mouthy since Joe Biden No says he will reverse that decision and rejoin the W. Ay Joe if he's elected. As the state tries to rebuild from the crushing economic below the cove it's dealt. Austin's tech sector could be key in boosting numbers locally, according the Austin Chamber of Commerce, 16.4% of all jobs added to the five county Metro last year. We're in that sector, which has fared far betterthan most others across the nation. And beginning today, Techstocks hosting a virtual open house to give you more info on the plan to remove many of the stoplights along Luke 3 60 replacing them with overpasses. All that work is planned between Moe BACK and Walsh, Charlton 95 will be your high this afternoon on Patrick Osborne Get Austin News on demand at news radio. K LBJ dot com Marking.