Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Debut four months ago. Who is this . Why are they so . Why so many questionmarks on the graphics we find out the answer to all of those. Riddler. Exactly lets start the program with the big stock story and market story really of the day. And that is apple. A stark warning on revenue gue are due to the impact of what else, the coronavirus. The iphone manufacturer tumbling today but finishing well off lows go to josh liptak. With more on what apple said and the reaction josh. Thats right, brian apple finished in the red today but maybe not hit as hard as some expect. Many analysts weighing in and concluding its a shortterm challenge. Meaning they think the demand for apple products simply shifts from the march quarter to future quarters there is still a lot of uncertainty and questions. How long does in outbreak really continue how long before chinese consumers feel its safe to go back out and shop . Remember apples only has 7 out of 42 stores reopening even those with limited hours appe
The we can basically where we started the whole week can be summed in one emoji, the giant shrug with this week in the books set sights on the week ahead look at all the stuff coming your way look carefully at this calendar. A power packed week ahead. So how are you setting yourself up. Whats the first one . National chocolate cover pretzel day. The calendar was a little light on monday. So we filled if out with that day which could be big for some. Glad people were paying attention. Guy, how do you how do we become a society where every day is a day offing. Its all the lobbying. Is that it. I think people boy buy knows things. National chocolate covered pretzel day. I got a big shrug. What do you make of next week glad you asked, mel. Its great to be back by the way. Thank you. Im still listen, im still bearish. I know you feel good coming off friday when the market rallies 400 dow points after reversal. Everything feeling good. But still of the belief that there is significant headwi
Power lunch kicks off right now. And stocks are hitting highs of the session on some breaking news out of washington, as you see, moving up by a half or a little more of a percent each lets get to Kayla Tausche with the details. Hi, tyler the market is moving on reports that u. S. Negotiators will be departing washington on monday to go to beijing my sources tell me these inperson facetoface talks are expected to take place in china at some point between the congressional recess, which begins friday, and a chinese holiday, which is set to take place on thursday, august 1st. Remember, the top u. S. Trade official, ambassador Robert Lighthizer wants to be meeting with members on capitol hill to talk up the usmca, he wants to get as much support as possible before lawmakers leave town for a month and so he personally, im told, has not wanted to leave washington until those conversations have wrapped up. That leaves just a window of a few days time for these inperson talks to take place. T
Market, at least court to one of the biggest bulls on wall street Jonath Jonathan golub. Ge announcing a turnaround, but it fell 7 , hitting the lowest level in five years on very heavy volume. Morgan brennan was at the investor day in northern she joins us with all the highlights. That is right. It would been expected. The updated guidance is what was largely to blame a new e. P. S. Target, 1 to 1. 07 per share. By flarchry did say 2018 will be a recent year, and he expects both earnings and cash flow to grow after that. His vision is simpler company. One focused on three core businesses including transportation, and lighting, and ges majority stake in baker hughes. New methodology will also now be used for quarterly reports a lot on top, but at theyre now down heres why ge matters to you at home. Chass are you probably own it in some force or fashion. I go to a man who has already bought tim . We have priced by some of the core businesses. My view is the power assets are priced at ar