And across this nation, particularly those of home, alling at different home, all different shades. My major message today is the crosscurrents that we the of where welysis are this middle of june. Of where we are this middle of june. The bar for the good news gets higher. That has been the big debate the big debate we cant choose one or the other. We know a lot more than we did when this first hit. I think the spikes we are going to deal with down the road here, we are going to be better prepared for them. Weve got the population operating in a much more safe fashion than when this first hit. I believe weve got a lot of companies putting a lot of energy into how to operate a business with a pandemic, and i wouldnt underestimate capitalists figuring that out. Weve got scientists working for treatments that can reduce the death rate before a vaccine is discovered. Theall, we kind of nowhere primary death rate is among older and compromised individuals that we can put a big ring around.
Big tech is seen as a haven and growth play because they continue see demand for their products and services and have sheet to write out this disruption. Havens are in favor. You can see 68 basis points. The dollar edges higher for the fourth day in five. Indexes are coming off their lows. There is still a lot of trading day to go, but by the dip but buy the dip seems to be in effect. David another narrative we have been seeing is a divergence between mason street and wall street between main street and wall street. When will we see something that might help main street . Scarlet that will be critical this week, especially with jay powell speaking to congress. That will be a big issue, especially since you see data like interim manufacturing come in better than expected. We also get retail sales as well as Industrial Production on tuesday. Housing starts on wednesday. Housing has been doing very well in this economy as Mortgage Rates have come down and a lot of people are looking to re
The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdow
To visit friends and i dont think id ever go back there to live you know what i live there again i dont know so im not sure. Witness global news that matters d. W. Made for mines. Spotify spins big for one of the worlds most popular podcasts and a platform known for music streaming transform itself into the netflix of audio will take a look. Also on the show deutsche upon shareholders are accustomed to bad news and this year is no different divisions are out things that have thanks to the pandemic. And europes farmers are struggling to get their usual farm help these days some are now turning to machines but its not cheap. This is your new Business Report im stephen beards in berlin its good have you with us 100000000. 00 thats the reported value of spotify has exclusive licensing deal with one of the worlds most popular podcasts the joe rogan experience is expected to bring millions of listeners to the audio platform driving ad revenue and subscriptions now its the latest move by spot