Looking to end the week on a high note as they shrug off this mornings slightly hotter than expected inflation report. The dow gaining 220 point, the s p 500 up close to 61, and the nasdaq surging ahead 330 right now. Its heading for its best day since february. Its really boosted in particular by big tech earnings. Is alphabet, lets take a look at that. Shares are catapulting to a record high, up almost 10 right now. That comes after posting sales and profit beat. The tech giant surpassing a 2 trillion market cap. This is the first time ever, and its seeing an intraday gain of more than 200 billion. So if that holds, it would be the second largest oneday market cap gain on record for a u. S. Company. Now, alphabet also announced its first ever dividend. Safe to say investors, they are very impressed. Another good one, microsoft. That is attracting the bulls after topping estimates. Its up 2. 5 right now. It all boils down to two letters, a a, i, right . Thats what it always is. The co
Alphabet well talk about that. And thats one stock defying the selloff today. Youre looking at it, up 6 . Up 600 in a year. One of our guests called it a top pick so we invited the ceo to join us, and he will for an interview, just ahead. We begin with todays markets and the not so pleasant markets and dom chu. Not so pleasant, but a lot more pleasant than they were a couple hours ago take a look right now. What we are seeing right now is the dow down about 1 to. 25 the broader s p 500 back above the 5,000 mark it was below that level earlier this morning were off about three quarters of 1 . And the nasdaq, the epicenter of the downside, is down about 1 the nasdaq, 15,432 down 170 points to give you some perspective, at the lows of the session, the nasdaq was down almost 2. 3 . Now down 1 , so at least a dip buying at the time being lets take you to the epicenter trade, mega cap technology, the socalled magnificent seven type stocks the only one in the green so far today is nvidia. So
Good afternoon. Im audrey asistio. Welcome to nbc bay area news at 4 30. Our ian cull is talking with parents and police about the School Embezzlement arrest. We are also tracking other stories on this thursday, including a tragic story in pleasanton. A family of four killed in a car crash. What we are learning about the victims and how it all happened. Also, street rebels on the loose in sanford this go. Our Sergio Quintana is showing how they are trying to slow down traffic to try and make the streets safer. And we seen the construction for years and now thousands of dollars from the schools account. Ian, what is this investigation unfolding . It started when earlier this week. Elementary school in san joses willow glen neighborhood. Police believe over a four year period, the 51yearold stole more than 400,000 than the groups account. She left her position last summer, and when the new board took over, they noticed serious discrepancies. They contacted san jose police. Investors clai
Convictions here in california. Good morning. Thanks for joining us for our midday newscast. Im marcus washington. Im kris sanchez. Laura garcia is off. We will get to the developments involving Harvey Weinstein in a moment. The dow tanking at this hour. At one point it was down 600 points. So this is a mild improvement. This is happening as investors on wall street react to concerns over covid19 in the uk, inflation and fiscal growth. Experts say the dow is headed for what could be the biggest drop of the year. Back to those developments out of new york. An Appeals Court is overturning Harvey Weinsteins 2020 conviction on felony sex crime charges. Ginger Conejero Saab is joining us. This reversal is sending shock waves for people who saw that me too movement play out and people wondering what will happen with his case here in california . Absolutely, kris and marcus. The courts ruling is essentially saying that Harvey Weinstein did not receive a fair trial in his original case, and th
The low with the dow recovering a bit and it is down about 1. 1 but the dow was down 707 points earlier in the session so we are well off the low and here they are heading a fivemonth high ticking its way back forward maybe 5 and we talked about last night the lackluster revenue outlet for metawith declines across the sector and we have microsoft and alphabet down as well and that is ahead of their earnings and they are due out after the bell in the last call us at 7 00 p. M. Eastern and the bright spot today is semiconductors, what else, video moving up and ever core reiterates and intel also getting ready to report in overtime as well so we do have a lot to do and anything can happen. By the way, are allstar analyst will join us shortly and i think it may be the first time here so look forward to having him on set to talk about those numbers and all of this bringing us to the talk of the tape and a little higher for longer and maybe a slowing economy and pretty high Capitol Gains tax