Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
Ceo of Electronic Arts, Andrew Wilson as we talk to him about the world of gaming and a lot more john, retrospective of apples event. Were bringing the east and west coast together. Apple unveiling its longawaited 5g iphone 12, but we have been questioning whether the 5g networks, especially here in the u. S. , are ready to drive demand. Josh covers apple for us i didnt see tim cook hedge at all in his 5g pitch yesterday. He was full steam ahead. Thats right, john. Not one bit. Experts are right, they have questioned whether 5g is really ready, but tim cook doubling down on that bet with his new iphone 12. The generation of technology that provides a step change in what we can do with our iphones, the next generation is here. Today is the beginning of a new era for iphone 5g promises faster everything, from movies to games, to all kinds of downloads, and that sounds exciting, but its still just a promise of what could be the reality right now is that 5g coverage here in the u. S. Is st
Heavily political negotiation we said we cannot tell what is going to happen. The market seems to believe there will be some kind of stimulus, the dow up this morning up 150 and nasdaq of 171. Plenty of green on expectation of a stimulus deal. As for the white house, doctor sean conley says the president has responded extremely well to treatment. And expects him to return to public engagement, mr. Trump is going to do just that, hes going to florida for a rally tomorrow. Speaker pelosi questioning the president s fitness for office, she intends to bring up the 25th amendment to the constitution which is about the presidencapacity to function. On the one hand they negotiating training in dollar stimulus plan and on the other the speaker questions mr. Trumps ability to run the country. To the debates, more confusion. Mr. Trump will not participate if its virtual, joe biden says he will be there anyway. But he has scheduled a town hall with abc on debate day, october 15 and a raging debat
About 772. 00 deaths per day and under a more aggressive figure that would be about 1200. 00 deaths per day so whereas most European Countries their death rates are lowing lowering here in the u. S. Its just keeps increasing brant. As you just mentioned there are some parts of europe are seeing a 2nd wave of cases what restrictions if any are European Countries doing to deal with the outbreaks so lets take a look at how some of the European Countries are doing right now and how are theyre dealing with their 2nd wave of the virus so france for example they have over 30000 deaths now they have just banned large gatherings in some regions and theyve also imposed a mandatory face masks in hundreds of across france in spain where there is over 228000 deaths now theyve just seen a spike in new cases in catalonia so a new state home water has just been placed on about 4 and. 1000000 residents brand and thats a huge blow for tourism for spain as some European Countries like the u. K. Have issu
Were around 2500. 00 deaths so its been lower and now and new the c. D. C. Forecasts said theres going to be anywhere between 1940022040 extension 00 deaths by september 12th so on that estimate the lower lower estimate would be about 772. 00 deaths per day and on the more aggressive figure that would be about 1200. 00 deaths per day so whereas most European Countries their death rates are low ing lowering here in the u. S. Its just keeps increasing brant notes are as you just mentioned there some parts of europe are seeing a 2nd wave of cases what do restrictions if any are European Countries doing to deal with the outbreak so lets take a look at how some of the European Countries are doing right now and how they are dealing with their 2nd wave of the virus so france for example they have over 30000 deaths now they have just banned large gatherings in some regions and theyve also imposed a. Mandatory face max in hundreds of amenity palate hes across france in spain where there is over