The 3 trillion weve spent plus a trillion dollars more. Thats about 20 of gdp. Thats absolutely historic, and were prepared to put more money on the table softbank returns to profit with a 12 rides se investor shares soared towards the top. Sales grew by 67 in the Second Quarter. Stock markets here in europe have been trading for about an hour so far, and the direction of trade has been very firm. Weve seen a very decent rally play out after initial gains thats now translated to a pop of 1. 7 on the benchmark index, a fair amount of green at a stock level sector level and by industries you can see how the core markets are faring today we did see some early gains in the german stock market, and that is now actually outpaced by italian stocks taking the charge french and german stocks slight underperformance again by the uks stock market, just 1 3 4 of a percent yesterday. It was curious we saw the german stock market, one of the laggards which is typically not the case, but certainly re
1. 2 million. Thats the lowest since the pandemic began we will tell you which sectors of the economy are hiring the fastest. The answer might surprise you. This company is powering up Artificial Intelligence for Big Companies amid the coronavirus pandemic and the stock is soaring. The ceo of live person i dont know if you can get a live person on live person but thats the idea. That person will join us later this hour. Power lunch starts right now kelly. Im here live live person a big company to watch. Look at this 11,0 11,062 we could have that over 11,000 close like you pointed out for first time in history. Remember that massive run higher in the nasdaq keeps going. At what point will it stop well have to see. Theres a little skepticism building out another place thats driving the action in the nasdaq is the Biggest Company of them all out there. That is apple. The number were looking for is 467. 77. Thats the number at which apples market cap reaches a total of around 2 trillion.
Not his first or last. He will share his story on making money. Charles so before we even start with todays session i want to glance back to friday in the market. We saw a rollercoaster. It was all about news out of d. C. , right . Remember it looked Like Congress would throw in the towel on any additional fiscal help. The rally faded big time. Then came word talks would continue over the weekend and the market actually soared. For me the most important part of that session was the volume. It was highest day of volume in the entire month of july. It was on a up day. That is a huge buy signal in my opinion. Want to bring in Disruptive Tech research founder, lou, moneymap press, their chief strategist, shah galani and erin gibbs of gibbs wealth management. Shah, your thoughts on this market. It is breaking out. The volume is getting stronger. I think that is the ultimate buy signal. Youre absolutely right and it was the buy signal coming off the lows in march. What people miss is that th
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
Just hours before the hearings and one day before they tell the world how much money theyve got, all their stock prices are on the upside. All right. Now to politics. Joe biden says he will announce his Vice President ial pick by the end of next week. Its probably the most important veep selection in history. Hes 77. Hes forgetful. Occasionally unfocused, and he does not campaign vigorously. If he wins in november, who will really run the country . We will find out. Getting back to classroom learning. Looks unlikely in many parts of the country. That means parents scrambling for child care and lower educational standards. The American Federation of teachers says their members will strike if safety is at stake. They dont want to go back. The unions president will join us shortly. As you look at the early market action, remember there will be a Federal Reserve News Conference this afternoon. That will give us a hint as to how much money they are going to print and how long Interest Rates