Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
The coronavirus outbreak. This is a group of experts are outbreak could go on for another two years and wont be contained until 2 3 of population is immune. Joining us to break down the day wall as at least on street, taylor riggs has been digs into the markets for us. Tailor, a rough day, there were so many signs of hope this week . Felt like a mood shift this morning, emily, we woke up, a sentiment had been negative. As you remember, 30 after we bottomed out on the lows on 23. H there could have been some rofit taking here as well as some concerns continuing about the economy. We got news in the past few days overnights that trump was considering floating around some ideas of how to punish china for for the handle of the virus, for shutting down a lot of the doctors back in december who were really trying to warn this. Some of those renewed tensions some of the ng debt, thats very far stretched according to some of the to, ysts that im speaking but another option to be tariffs. Now t
They need to bet on new shows like Stranger Things. Elon musk announces his latest startup narrow link, successfully implanting wires into his brain and enabling a monkey to control the computer. The next goal is human trials. We begin with the hearings on capitol hill. All appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first was facebook as the Banking Committee fired searing questions at the cocreator of the cryptocurrency project. We will take the time to get this right. Wanted it be easier and safer if people could securely receive money transfers just like they do for so many other things . The chief was grilled on tuesday. We caught up with the senator after the hearing. Technologyblockchain , even the possibly of cryptocurrencies, it has some positive upside, but i think we have to be careful. Particularly when we are talking but the possibility that facebook might dominate this otherwise very disruptive technology. Faceb
Elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the computer. The next goal is human trials. We begin with the hearings on capitol hill. All appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first was facebook as the Banking Committee fired searing questions at the cocreator of the cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers, just like they do for so many other things . Emily the chief was grilled on tuesday. We caught up with the senator after the hearing. I think Blockchain Technology, even the possibly of cryptocurrencies, it has some positive upside, but i think we have to be careful. Particularly when we are talking but the possibility that facebook might dominate this otherwise very disruptive technology. Facebook already has 2 billion users. It has
Platform. Some republicans on the Committee Also skeptical of facebook plans. The chairman of the committee saying he applauds facebook for trying to utilize their platform to serve underserved communities in the Digital Currency platform. The bottom line comes following a host of different hearings scheduled for this week. David marcus will testify before the House Financial Services committee tomorrow. Lets not forget Steven Mnuchin yesterday at the white house raising concerns the administration has with regards to the Digital Currency field. David before that we had chair powell from the fed raising concerns last week. ,f you were mr. Marcus listening to everything you are hearing from the senate, would you walk away having a better sense of what congress once from him . Kevin that is a great question. The short answer would be no. In talking with the Internet Community and the lobbying groups in washington, d. C. , as sympathizerschain who believe this is the future, they make tha