Think differently i just want them sometimes to say actually they could have done better maybe apologize where they have got it wrong andin delays the easing of covert restriction rules the mystic has been incredibly using we dont know what it would be. To get used to long to be used until you just to deceive. Us cattail im glad you could join me this hour as we take a look at some of the headlines. Today well lets start off with this one the World Health Organization is now warning the coronavirus isnt seasonal like the flu but instead its happening as one big wave it comes off to rock towns what meeting to an out the spike and covert victims friday solve the biggest of a day increase in. Virus cases reaching almost 300000 across the globe the w. H. O. Told us now is not the time to relax the transmission is still there so the concern was people saw you know lockdowns over that it was somehow go away they had this idea that it might come back later in the year but they had this seemed
Which is the second economy of the country contributing nearly 9 of the countrys gdp so that gives you a context of why tamil nadu is important to the political establishment in terms of Policy Making as well. Weve also seen in the last several Many International brands have increased their footprint in the country of late and most one of the most important werai for manufacturers, foxconn which started Manufacturing Iphones in india so it is the added element as well. Political parties have always showcased before an investment that is, thatis before an investment that is, that is elections, and fire just pull out from tamil nadu and given the picture, there are total of 102 seats which are total of 102 seats which are going to pulse today, out of 143 so its important to understand that there are issues like unemployment uneducated in the youth struggling to getjobs, question is about public spending which is slowed and also, the fact that there has been pro inequality in the country
Economic concerns. At the forefront, the voice on the torres straight islanders talking about unemployment, how indias educated is still struggling to find jobs. Public spending has been added lowest in the last 20 years as well as inequality has widened to 100 year high. So while on paper, in remains one of the Fastest Growing economy in the world, a fact that the ruling part of the party is looking to showcase as it hopes to come back and regain powerfor a record third time, the opposition is hoping to win on the argument that this development but the rolling bjp has not been enough and has not been for everyone. But test for indias political establishment begins now. In the us, netflix kicked off the Earnings Season for Technology Giants with the report card which meet expectations. The streaming giant added more than nine Women Subscribers in the first quarter, Technology Media analyst Ben Barringer gave us the breakdown. The numbers were strong, generally across the was up 15 , ve
Called them breath taking. They really are, because whats happened is theres a recognition that perhaps there is a cycle dynamic that had been hung up. There are a couple of stocks that really did matter micron, lamb research, companies we thought they were going to peak and i was asked what do i have to do that we shouldnt be at 13 times earnings and how do i explain to people that the cycles should be longer and the reason why thats not the case is the data center ive had everyone from the real estate data trust Investment Centers to the people talking behind the sales at the sales forces, and the work days. I mean, the data center is real. The Cloud Adoption is real and the Cloud Adoption is so much earlier than i thought we were i thought pretty much everyone had gotten to the cloud. It just isnt the case, so theres real demand, and the demand is shocking. So you look at the stock moves. Lamb up 9. 5 and nvidia, also one of the stocks you mentioned this morning. Nvidia is insane. A
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w