To rescue campus trapped by wildfires in northern california. I am. Thank you very much for joining us india has a faster brazil to become the country with the 2nd highest number of corona virus infections in the world in the past 24 hours the Health Ministry has reported more than 90000 new cases and over 1000 deaths india has had the Worlds Largest daily number of infections for almost a month now despite the government discontinuing with plans to reopen including resuming Metro Rail Services in the capital it is a random is at one of the stations in new delhi. Despite india according to me. Any other country. To egypt is immune to new bedford have been the 1st time in the. Number of major cities including here in delhi in fact Mumbai Police if you look at it it would be. Measured in september by the capital the worst they say mom and i shop now this is a relief to many people many millions of people use the metro in the cities because the building is being. And it pays to manage wit
Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean
Guy the university of michigan giving indicators of consumer confidence, pretty much in line with that except for the Current Conditions number, which looks a little light. It is up in terms of where we would expected to be normally, but nevertheless, you have an 82 print there but and citation of 85. 84 last time. At headline number coming in 72. 5, little lighter than the 72. 9. To 10ion 2. 6 five years years out. Basically everything in linux of the current number. Alix we are a little worried about what is going on. Underwaye call is right now, started at 10 00 a. M. They are reporting some good news in guyana. It has been a huge boon for hess is hard tobut it emphasize how bad this quarter was four at chevron and exxon, particularly with exxon not writing down any assets. Joining us is mark stoeckle, adams funds ceo and senior portfolio manager. It is always good to see you. I want to start on tech. Numbers were amazing. Companies made made billions of dollars. On the flipside, pe
Natural gas. A good have to do with some of the hot weather we have in the u. S. One Economic Data point that is important the ism manufacturing number came in this morning at 10 00 a. M. It shows us the manufacturing part of the economy is expanding. It is not just strong earnings reports from last week but we have a positive piece of data. It will be interesting to see what the payrolls report rings on friday. David brings on friday. Are they . Confident what does that tell us . The vx end, i am so glad you are bringing it up. Indexes,he volatility both are higher, telling you some folks are thinking volatility could spike. The vix curve points to a big spike of volatility before the election. Levelsic index is at seen last december and the summer of the 2018 ahead of those big selloffs. There are reasons to think that some storing clouds could be ahead. The dollar is climbing for the there are reasons to think that some storm clouds could be ahead. The dollar is climbing for the sec
Meeting to order at this time and i would like to, if i may, give just a brief overview of what you can expect. We called the meeting to order that would have been an Opening Statement of the chair and Ranking Member, Opening Statements from chairwoman waters and are witnesses will give their Opening Statement and then we will have q and a of witnesses and adjournments. The title of todays hearing is protecting homeowners during the pandemic oversight of Mortgage Services implementations of the cares act. Without objection the cares authorized to declare a recess of the subcommittee at any time. Also without objection members of the committee who are not members of the subcommittee may participate in todays hearing for the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Members also are reminded that they are responsible for muting and on meeting