20000 by weeks end. Im brink off its good to have you with us its the Coronavirus Crisis is getting worse and the reactions to it are increasing french president emanuel make wrong is facing a growing backlash in the muslim world over controversial comments that he made about islam mccrone stops angered by defending cartoons of the Prophet Muhammad after the brutal murder of a french teacher since then a growing number of muslim countries have criticized macron and have joined a drive to boycott french goods. The target of their anger is clear. Here in pakistan protesters in karachi and islamabad accuse the french president. Of attacking islam. For asking the behavior of the french government is actually an insult to billions of muslims across the world its open terrorism and an attack against the muslim world may slump and im like oh. We should boycott french products muslims should boycott their petrol stations which is one of their main product we shouldnt use that fuel at all. In t
Taranova were green across the boards. Dow, s p, nasdaq all green jim, we have a big rebound in the nas names. Best pace on the month since january of 1987. Well, scott, first off, thank you. Every year you and throughout the year you give a lot of respect to veterans. It means a lot to me personally. You and the team at cnbc, thank you very much. Onto the markets look, a little reversal today where the cyclicals are fading and tech is rallying i think thats healthy i mean, look, weve had one heck of a rotation. Not just this week but in the last two months its been going on its time for a pause. And i think the most Important Message here is, anyone whos feeling like they missed out, you dont need to feel that way. If you feel like you missed out on the tech rally of the summer, well, guess what, september and october have given you the opportunity to get into those largecap tech names, the faang names. If you feel like you missed on you the on the cyclical rally, thats going to go on
All that and so much on making money. Charles obviously it was a tough week last week for the stock market but by the time the dust settled the year had become even more screwed as it was. Only 193 stocks in the s p were higher for the year. There were actually more losers on the nasdaq than there were more winners. I have no problem with the hit megagrowth stocks hit. Theyre still under pressure. I expect the trillion dollar stocks to be okay in the long run. But for the rest of the market, there were signs late friday that foreshadowed todays rebound. S p 500 held at a key support level. There was huge buying volume into the close on friday. The 10year yield marching higher. All the issues bothering the market are still unresolved and major indices must close higher to reverse the downtrend. In fact i think the s p 500 has to get above 3400 before you see buying go big time . Where does the market go from here, more importantly where should you be positioned . I want to ask Money Map
The waste. We can make a difference by choosing reforestation over a diesel or station recycling or disposal Smart New Solutions oberstein said in our earth is truly unique and we know that their uniqueness is what allows us to live and survive the ideas the environmental suit through global 3000 on g. W. And. Faces of the fingerprints off today thanks to facial Recognition Technology some use it to unlock their phones convenient for others its used to surveil their every step what does face recognition capable off at how can you escape it topic today on shift. 64. 00 countries around the world use facial Recognition Technology the hardware and software is often produced in china low Income Countries can even get reduced interest on their chinese loans thats what the Carnegie Endowment for International Peace found out not much is known about the Global Industry for facial Recognition Technology they act discreetly even if some well known Tech Companies them and the russian capital mos
The bell apple, facebook, amazon, and alphabet we will also get results from starbucks, twitter, act vision and many more names. We will bring you all the results as soon as they hit. Analysis as well to help you figure out how what to do with the stock. Speaking of earnings in joel we will speak with the brandnew ceo of tapestry, her first interview since taking the job that stock soaring after getting a beside on sales in china music mike tracking the broader markets, Steve Liesman, and meg tirrell has the latest on the covid emts troo and vaccines mike, talk to us about the comeback we are seeing. A respectable bounce. Coming into the day the market was stretched to the downside after the declines not just of yesterday but the past couple of weeks. We had lost 119 in the s p alone yesterday. We are regaining not quite half of that. 3,200ish is the level just about everybody is looking at. It isnd responding, but definitely not necessarily in a decisive way bond yields up today reall