When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
A test case for german competitiveness. Im chris cuomo in berlin good to have you with us apple has come out as one of the 1st companies to speak about the Financial Impact of the corona Virus Outbreak the u. S. Tech company warned that revenues are likely to fall in the 1st quarter of this year due to the disruption china is a key market for apple but the warning comes at a time when its revenue is there already beginning to lag shopping malls and Stores Closed across the country city streets empty as millions remain confined to their homes factories shows are reopening at a snails pace none of this is good news for apple the worlds most valuable tech Company Makes i phones of various sites across china and also sells millions of them at stores around the country. The profit warning underlines just how serious the coronaVirus Outbreak is for a business like apple which is heavily reliant on its supply chains in china as well as its Strong Customer base there apple had already been fac
Boris johnson seeks a december election and it is thrown into doubt as Jeremy Corbyn requests no deal brexit thrown out first. The eu decision on an extension is set to be delayed. A warning from barclays. The Bank Confirms its 2019 profit target, but jes staley tells bloomberg the outlook will be a challenge from here. Currenten the interestrate view across europe and the u. K. , now the u. S. As well and if we have economic profits, we need to put some caution against the 10 target for 2020. Anna and shipping costs invite. Drop as ares quarterly profit decline due to sameday delivery. Jeff bezos says it is a longterm plan. Good morning. Matt good morning. Lets take a look at futures this morning after amazon came a push forets say investment and growth over profits. The first time in two years we have seen profits drop over two years. Dax futures unchanged. As our ftse futures. Cap futures rising a little bit. No real indication as to what kind of day we will have an terms of futures
Protesters in hong kong, saying the nba has acted like a subsidiary of chinas communist party. Bogard onn bulgari. We bring you our exclusive interview from shanghai. Shery later, we bring you more on amazons after hours stock plunge, but first, lets get you started with a quick check of markets. We see u. S. Futures unchanged at the moment after we sawtek shares leading the gains on the s p 500 which closed above that 3000 level. We had Semiconductors Leading the gains. The Philadelphia Semiconductor index gaining 2. 5 after we got a positive outlook coming out of lam research. The dow, though, underperformed. Had three of we results showing the Global Industrial slump we are seeing is really weighing on the company. Of course, this just part of a raft of earnings we got today including microsoft and tesla gaining on solid earnings, and as we said earlier, amazon plunging after hours, so we will dissect all of those numbers later in the show, but first, lets get you started with a qui
Matt we have markets sapped in terms of their rally stamina because of amazons profit. Seen int reduction have a couple of years. The reason is one jeff bezos promised he would be delivering since the ipo. They are investing for growth, spending 1. 5 billion dollars in order to get customers free one day delivery and market share. Nejra they are certainly delivering on that. That has helped sales, but not delivered as much as investors might want. Boris johnson wanting to deliver that election by december 12. Jeremy corbyn has said labor will not back in election unless no deal brexit is taken off the table. If johnson succeeds, he may push brexit through by november 6. The other Sticking Point is the to know more about an extension at the moment. The eu saying, we need more details about the u. K. Election. A little bit of a catch 22. Matt absolutely. It is interesting labor makes both of those demands. No deal off the table and wants to know about the extension is going to get from t