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Record levels were hearing 47 Million People could lose their jobs, 32 unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25 contraction in our Gross Domestic Product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today . I mean, dow gaining 691 points, s p climbing 3. 35 nasdaq pulling 3. 62 simple because American Science is at last in play science that may allow us to not only contain this virus, but actually one day beat the darn thing. Look, i in no means want to disparage the extraordinary efforts to get the pandemic under control. Its absolutely essential. Thats why ive been calling for national loc ....
Public. Deciding that the scrutiny directed toward him had become too much of a distraction. The resiliency of facebook, despite the backlash over big tech. I get that. Im not the ideal messenger for this right now. We have work to do to build trust. What does the future hold as we head into 2020 . A special edition of Halftime Report in San Francisco, begins right now. And we welcome you to 1 market we have a great lineup today were going to be joined exclusively in a little while by snowflake chairman and ceo Frank Slootman as he prepares to take the Company Public in the year ahead. Frederick kerrest, the cofounder of okta, that stock up more than 90 this year were joined by Brad Gerstner who helped us take s ....
Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the ....
York fed president bill dudley will speak. And the u. S. Equity futures at this hour looking down. The dow is going to open down 42 points. The nasdaq down 16 points and the s p down 6 points. In asia the hang seng is down. The shanghai composite is also down. The nikkei is marginally up this morning. European equities at this hour are also in the red across the board. Again, well call it marginal for now and take a quick look at wti crude. Were looking at 50. 20. It has come down a little bit but hasnt cracked the 50mark in terms of a downward pressure. If you feel like the s p has not done anything for four months, you would be correct. Yes. Nothing. Nothing. Just as flat as can be. Now the things that trouble me. What troubles you this morning . What troubles me is our distance. Thats a whole other story. Politically, fphilosophicall and in the meantime, it looks like something could happen. Good or bad. Which is its good. I remember when you built the wall, remember that . Im going ....