S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
But some of these Health Officials say that they are considering some limited loosening of restrictions if they feel its safe. Bay area officials agreed monday the region needs more time to stop the spread of the new contra costa. Coronavirus. A group of Health Officers from across the region say before easing up on restrictions, they need see significant changes. The reduction in People Living with covid19, the increase in testing. Our ability to monitor the end democratic and get adequate ppe e. Reporter Officials Say they are working on science based guidelines for organizations and businesses to function safely if they reopen. Difficult news for some to hear. I guess scared is one thing. Dont know how that is going to impact just my own lifestyle. All this stimulus and stuff, its just its not that much help, you know. This place might not make it. Were trying, but dont think were going to make it. Reporter this restaurant worker said it seems unfair that Grocery Stores open with so
10 00. Yes, our 10 00 get, Peter Navarro, looking forward to that as well. First hour, lets get to our road map renewed trade uncertainties, of course, thats what were talking about just now, weighing on stocks. The s p is poised to pull back from that record as the Trump Administration now threatens new tariffs on the eu. And as jim just said, white house trade adviser Peter Navarro will join us, first on cnbc interview. News, news, news, news. It should be. Always enjoy having mr. Navarro. Plus, cook, absurd and dont match with reality apple ceo tim cook blasting reports of tensions with jony ive. We have in nike backlash, the Company Cancels plans for some sneakers a big issue, but some sneakers they were going to put out with an early version of the American Flag you know their Customer Base my father, his workshop, we went there 50 times, across the street, and i just i know the countrys a changed country, but that is kind of a proud art of the philadelphia tradition but hey, you
The president ripping into the ecb chief for pushing down the euro, saying it is unfair to the u. S. And as you just heard, beyond meats incredible run continues. Shares surging once again. Now up close to 700 since its debut. Facebook is up in the premarket after launching a new cryptocurrency called libra. The move is designed to expand the companys presence in ecommerce and Global Payments also creating a regulated subsidiary called colibra which will roll out a Crypto Wallet based on the libra currency. Earlier, we spoke about the differences between libra and bitcoin. If you want to compare libra with traditional cryptocurrencies, the first big difference is that typically cryptocurrencies have investment vehicles or, you know, Investment Assets rather than being great medium of exchange and this is really designed from the ground up to be a great medium of exchange, very high quality form of digital money that you can use for everyday payments and cross border payments, microtran
Numbers and, of course, the payroll report tomorrow, which leads us to our talk of the tape we ask how results from apple and amazon right after the close of trading might drive the tape from here. Here to discuss all that is stephanie link, and malcolm etheridge, both are cnbc contributors both are here at post nine as well welcome. Hi. Steph, obviously, look, apple and amazon together more than 10 of the s p they matter for the index how the market reacts to the numbers. In general, in the context of an earnings season that has been strong relative to expectations, the mark kind of shrugged on some level, where do you think that leaves us as we figure out if this has just been a little bit of an air pocket in august i think it is a little bit of an air pocket, digesting the doubledigit gains we have seen across almost every indices. And i think august can be volatile maybe trade around, maybe to september, mike. But i think the economy underlying is pretty good. The Economic Data has