Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a
Points 24,148 s p 500 is trying to get to 29 in it own right. There is the nasdaq. Its up better than 2 its pushing the door now on 8900 its about 100 points or so away from going positive for the year steph, youll get first crack at this today because you own alphabet and amazon and facebook and apple and microsoft. We have a 2 gain for the nasdaq this move has been nothing short of remarkable. It really has when you look at top names in the nasdaq, its not really a surprise they would hold up so well in challenging environment. These companies are the definition of quality. Remember the last three month, youre sick and tired of talking about a basket of quality, own a basket of cyclicals. These are the quality names. Why they are quality is because they have very strong Balance Sheets they do, if they have a dividend they are well covered. They is great market share excellent leadership good Free Cash Flow and these are the covid19 names all of these companies are participating in on
Thank you all for joining us today last night the house release details of an aid package not only help the American People cope with the economic fallout but also help the advice of professionals it is a good bill the prince families and communities and workers first the package includes two pivotal policy ideas to help families meet this challenge of paid family leave and paid sick days. Now the senate must do its job to pay sick leave must be included in a package forwarded by the senate we have to pass these policies now because people are facing impossible chant on choices right now in new york state many Public Schools and universities have already suspended classes or canceled inperson classes for the rest of the school year. If you are a single mother was school age kids, how do you choose between putting food on the table are making sure your kids are safe at home . Many americans live with aging parents and we know the elderly are most at risk what do you do if they get sick
European union revealed its new Digital Strategy focused on protecting privacies by things like facial recognition and Artificial Intelligence overreach. Is it all really aimed at dismantling u. S. Meditech to give your Technology Companies alike up . The former trade minister romania, hes going to tell us what they believe is the eus real motive. What might be and whether he thinks is the right way to go. Plus trumps oracle fundraiser, whos got the biggest ahead of the debates tonight in nevada and charlie brexit. Lets look at the closing bell and for countdown. Breaking news, following this horrific crash on monday night during the final lap of the daytona 500, brian newman was released from Medical Center earlier today. His wife, weve got the pictures day, tweeted out this photo and his daughters at the hospital before his release. After going through all about. We are watching this very closely. We look at this to you. Even as the markets touch highs right now, investors are being