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House. And banks ahead of a slew of earnings reports today jp morgan and citi tomorrow before the open. 59 minutes left in the session sara and we are higher across the board. The banks stocks up close to 3 for some of them 3 up for the nasdaq. Best day for the nasdaq since april. Coming up, the ceo of ho logic plus we will speak with the council on Foreign Relations richard haas about how the handling of the pandemic in the United States is being viewed by the rest of the world and how it influences geopolitics first an update on the stories we are watching. Mike mike tracking the market action, ylan moi with the latest on the stimulus negotiations and more on the coronavirus treatments mike, what is driving this rally . Good question is it possible to have a low volume buying panic . Thats a little bit what it feels like today certainly the nasdaq doing most of the work. ....
Tech stocks taking a pause this morning. No love for the electric vehicles this week, either then there is the tech eco systems. A new Software Brand storming the castle of apples app store. Huge announcements ahead as besos and Company Refresh their Consumer Device lineup what to expect from alexa and amazons ai. Well have that here on squawk alley. Were going to begin this morning with that story on the Apple App Store challenge as Companies Like spotify, epic games, and match group join together to create a coalition for app fairness casey newton of the verge for now, at least, joins us this morning fresh off of announcing he will start his own newsletter called platformer. Give us a little preview, and c ....
Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watch ....
Mr. Biden hello, hello, hello. Since i am socially distanced, i am allowed to take my mask off, they tell me. But i promise i will put it back on. Ladies and gentlemen, good afternoon. Secretary kerry, and mr. President , i like the sound of that. Thank you, pal. Thanks for the welcome. It is great to be here in michigan with the united auto workers. As they say in parts of my state, i got brought up on General Motors. My father ran the General Motors agency he didnt own it, but he ran it. Cars are cars are cars. By the way, i still have my 1967 corvette. It was new. I still keep that. But i have got to tell you, i am waiting for that electric one you made that goes 210 miles per hour. But thats a different story. Earlier this week, and the reason we are a little bit late here we found out, the press asked me a legitimate question i did not have the background on, because it ....