From home and implementing new restrictions he is speaking to the uk as we speak. And big tech stocks gaining back some ground after a rough month. Amazon climbing up analysts say the selloff created an attractive entry point. Sara, we have 59 minutes another volatile session amazon is nicely higher. The Broader Markets are slightly higher yeah, taking all of Consumer Discretionary it with. Retail winners today as well coming up on todays show, despite the upturn, the nasdaq is the underperformer in the month of september so far. Were going to ask tiech investr dan niles where he is putting his money to work. Even the ceo of levi will join us with a look at how consumers have spending money. And speaking of retail, were counting down to nike earnings to day after the close, nike by the way, best performer in the dow right now. Well get results from stitch fix, kb home and teslas Shareholder Meeting and battery day. It is shaping up to be a busy afternoon of news. 58 minutes left of tra
Use varies from one region to another and some places with lower infection rates some vaden later is may not be in use while other areas are potentially stretched beyond their capacity that database of available ventilators that we are creating wall laois to flex so that we can make sure that available quitman can be shared with those in need we appreciate the leadership of the Health Systems that are here today that has stepped forward and had a mention to a few i dont know if he quite dr Fritz Francoise from n. Y. U. That groan and david dill the c. E. O. Of life point as well we appreciate the work of the administration in helping us find Innovative Solutions to ensure the best care for our patients well continue to work with hospitals and Health Systems across the country to add to this reserve further your teammates provided us with important leadership and we look forward to working with you and mechanism to success thank you president thank you. Thank you mr president mr Vice Pr
Virus than in china. And india launches a search for a suspected corona virus cases after thousands attended a religious gathering potentially exposing them to the virus. A lot done in senegal but with limited access to clean water there are fears about how far infections could spread. Hello the coronavirus pandemic is continuing to spread across the globe with countries taking drastic measures to curb transmission and save lives both france and spain have recorded their highest death tolls in a single day since the outbreak began and the official u. S. Death toll of nearly 3 and a half 1000 now exceeds china its the 3rd highest global globally after italy and spain and the World Health Organization says the epidemic is far from over in the asia pacific urging countries there to prepare for a Large Scale Community transmissions a minutes silence has been held across italy to remember its nearly 12 and a half 1000 victims of the pandemic the country remains the hardest hit in the world
And the parent of this network challenging 21st century fox by offering to acquire uk Broadcaster Sky for 31 billion. The share is higher than the portion to buy sky it doesnt already own. Comcasts chairman and ceo spoke about the bid on a Conference Call moments ago take a listen to Brian Roberts. When it became clear it was not only sky for sale but that every share was potentially going to have a change of ownership, we thought now was the time to make a superior cash proposal and that is exactly what they are calling it a superior cash proposal and it is now, that proposal word is important having to do with uk takeover law this is actually a proposal under 2. 4. They need to go to 2. 7 but it doesnt mean or take away from the significance or seriousness. They just have to get their financing together they havent gotten the board approval that is all technicalities for the bigger picture, which is as carl just said, the 31 billion cash all 50 versus the 1075. Timing was the key for
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra