Considers a plan to order a for tiktok. Nership microsoft is in talks to buy tiktoks u. S. Operations. Of covid19 rising, but at a slower pace. Florida reporting record deaths. As of today, the 600 unemployment checks millions have been getting will expire. Next week, 200. To break down how investors are digesting this, abigail doolittle. We have to talk about this tech rally. Buteveryone, it seems, google. Abigail yes, a big rally for apple, amazon, facebook. Google the odd stock out. You and i were talking about quarters forblowup most companies. Apple, in particular, the stock had been up 5 , then in the afternoon around that news came reversed, and that is when apple took off, as though there was an invisible hand behind apple surging. It is hard to believe institutional money is buying the stock at a fiveyear high. They havent provided in outlook, but nonetheless, great results, each beating estimates. Apple and amazon beating, meeting or beating the adjusted earnings estimate pri
Only in credit, investment grade, high yield. That you go to the dow, which has typically been the laggard. Some of the big winners, caterpillar, home depot, boeing, classic industrial procyclical trade that our guest was referring to earlier. To more, i want to go back our guest from market field asset management. How do you make days like today when everything is positive, it seems like we are in the all clear, yet we know that might not be the case. Curious on days like today how much of this comes from a procyclical trade overseas in china relative to perhaps any optimism here in the u. S. Chinas stock has been on a tear. Ish of that you think filtering back through sentiment here in the u. S. Not that much. Today came after yesterday. We started off in the morning and fell like a rock in the afternoon. I dont actually think people are paying that much attention to china yet. I think they will be. I think the easy money to be made this year has been on technology, on stayathome, wo
Headlines and what it means for markets with our markets correspondent, abigail doolittle. Tech continues to outperform today, and it is something we have seen in recent weeks. Where is the leadership tech typically provides . It was not there on the day. That has to do with one of the headlines you were talking about, ratcheting up tensions between the u. S. And china. They have been there in recent weeks, but markets ignoring it to some degree. Last year, every other week risk on, risk off, depending on the headlines. Right now, there are concerns those headlines, the war of words between the u. S. And china, taking down tech. A lot of these Companies Receive quite a bit of revenue from china. Apple, the tech heavy weight received about 20 from china. The ship sector chip sector is super sensitive to china. We see the s p 500 tech index down more than 1 . The stock down even more. Over the last nine days, we have seen a real roller coaster ride. Last week was risk off. This week we h
Comes with some of these medical breakthroughs that could yield perhaps advances that lead to people moving around, feeling more comfortable, boosting a little bit those stocks that have been most beaten down, morgan absolutely. When youre talking about reopening, you have names like disney that are moving forward with plans or some plans in florida, you have names like apple beginning to open more Retail Stores in the u. S. As well also crude is one to watch and carl just mentioned it, the fact that were seeing a bid for crude. Wti the june contract expires tomorrow and what a difference a month has made as you have seen production numbers start to come in and started to see some of the driving demand return as well gas prices at the pump up by a couple cents in the last couple weeks as more and more people are starting to come out as we start to see more of these reopenings, but, of course, longer term, as we continue to talk about over and over again, its going to be what does the t
Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a little bit from the brink, but not doing that much. You can see that with what is talking about in storage. They say that could be exhausted by the middle of the year. All of this putting downward pressure on the future prices. Wti