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Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats ....
Brennan and jon fortt. Markets have been well off the highs. Dow was up 937, trying to hang on to about 400 points on the dow right now. Lets bring in mark mahaney of rbc, david lovevitz of jpmorgan. We knew 2700, 2750 would be a bit of a battleground and its turning out to be exactly that yes, exactly. One of the things thats occurred here over the past couple days really over the course of the past weekend is you finally saw consensus earnings system begin to come down and the narrative that had been in the Market Equities are looking cheap, the question we were always asking was cheap relative to what earnings . When you use the new estimates that are around 145 a share, you know what youre seeing is stocks are looking fairly valued not outright cheap and i think thats a big part of why were seeing things run into resistance at these levels mark, its a great opportunity, davids answer, to ask you how in the world analysts are ....
There were glitches this morning with the launch of disney , but disney has come out and said there was so much demand that that is what caused the difficulties, so the market is rewarding disney for perhaps what is to come in terms of numbers as opposed to performance so far on disney . Tyson foods started in the premarket lower on a miss, but is upping its dividend to . 42, and it is up 5 . Guy lets take a look at what is happening here in europe. European markets getting a little bit more traction from an equity point of view, trading on very light volume, though. Telecom stocks one of the main drivers today. Vodafone getting some traction off betterthanexpected numbers. Eurodollar getting very close to the 1. 10 level. We are waiting and watching, trying to see what the president is going to say. No significant leaks thus far. Detailslso getting coming through from boeing. A big bounce yesterday on an announcement related to when it expects the 737 max to get back into service. Thi ....
Growth in the apriljune quarter. The growth trend is only down very, very slightly. This was a positive gdp report. And here is the market reaction, fairly muted. Around 2 00 even this afternoon, well find out what the Federal Reserve is doing with Interest Rates. A quarterpoint cut widely expected, but its what comes after that, that has invest terse on edge. The dows up a couple of points, same with the nasdaq. Look at these stocks premarket, facebook and apple. They report at four eastern today. Well be watching to see how apple forecasts upcoming holiday sales. As for facebook, we want to know how many people droppedded off the platform with all that negative publicity. We also want to know if their ad revenue continues to surge. Facebook and apple up premarket. Youve got to look at this, california faces a real crisis today. The fires are raging, and today the wind pick ....