Cnbc interview with iac chairman barry diller we are higher be 0. 8 on the doubt stephanie link is here with us. Good afternoon. Thanks for having me. Good to see you as always. We shall rule off all the major at least, owned now that they seem behind you are theyre rallying and rallying hard apple is so incredibly impressive if that really is the case, we have up side to numbers for apple, and i think a lot of analysts will have to raise estimates. Its a great leadership group. It really is. Apple up 5. 2 so far in 2020. Lets fog focus in on the big stories. Were looking at what wall street is says courtney has a read on retail. Mike santoli has his market and if youre wonders what got us to the doorstep, not quite, its very simple. Its bigcap Technology Stocks apple a good part of the reason, moiismt the secondmost important, and, of course, a suite of semiconnect or stocks like nvidia. Tame, re that mean reversion trade . Center stocks rallied, why they were greatly beaten up. Thats
Down about 357 points now. Well more impact to how the world is reacting. Less begin with sue herrera. A lot of us experiencing heart palpitations, but things seem to be bouncing back. It is bouncing back a bit. It was a very difficult opening for the market, this would be the 1,000point loss. It would be the biggest one day intraday point loss, but percentagewise its not as significant as one might thing. Pointwise, it was a heart stopper, but it didnt last long, it kind of stabilized down about 600 appoints, and then slowly start to do crawl back. We go the to the back where we were only about 150 points down. Why . The worries about asia did hit the market hard, but that was mostly pentup selling from friday. There were a number of big institutional traders that couldnt get out of the market in time, so they had sell orders in for monday morning. Thats why we saw the plunge. We did see some significant buying by big institutional traders at the lows, thats whats bringing us back up.
sara sidner is outside the courthouse for you. sara, this is getting closer and closer to the official announcement. you just saw jussie smollett and his family members who have been with us the entire time, just walking by, every single person that has to go into a court hose in this particular cook county court, has to go through the lobby where all the cameras are for the trial, so you saw him there. you re sigh him and the people who have been with him, his family in and out as they have entered court. he has to be here. the reason why this is significant is, of course, he has to be here in order for them to read the verdict. so it s been about an hour since we heard that the jury had a verdict, and now the last person that needs to be in court has arrived into the courthouse.