in the past month to 300 million from 200 million. The company reported about 10 million daily users in December. "Clearly the Zoom platform is providing an incredibly valuable service to our global users during this challenging time," Yuan said. —The Federal Reserve's programs aimed at keeping financial markets running smoothly have injected about $86 billion so far into the system.
that he would step down on July 1. Chief operating officer John Stanker will ascend to the top job. Stephenson's retirement was not unexpected, but he previously said he planned to stay on through at least the end of 2020. Stephenson will stay on as executive chairman until January. Shares of the telecom giant were trading 0.6% higher on Friday morning.
for a third straight month as people weigh the coronavirus pandemic and the possibility of an economic re-opening, data released Friday by the University of Michigan showed. The consumer sentiment index fell to 71.8 in April from 89.1 in March. Economists polled by Dow Jones expected a print of 67. That decline comes after a sharp drop in current economic conditions. —StifelJMP upgraded Expedia to market outperform from market perform.
Shortly after the opening bell, stocks' rally lost steam. The Dow Jones Industrial Average was up about 20 points. The S&P 500 and Nasdaq went negative. —U.S. equities opened Friday in the green, with a gain of 180 points for the Dow Jones Industrial Average. The S&P 500 rose 0.68% and the Nasdaq Composite rose 0.44%. Stocks were helped by a rebound in oil prices after their unprecedented sell-off.
Spending for everything from laptops to software, IT services and cabling was up 100% in March, presumably as companies shifted work from offices to homes and moved more of their own businesses. —The S&P 500 is down 2.5% this week, gone nowhere for the past two weeks. Bears are arguing the current economic climate is not enough to justify the S&P 500 at the 2,800 level and that the economy is signalling a much bigger slowdown than stocks are pricing in.
elerianm Maybe. Maybe we will learn not to restart until we are well past peak infection with proper systems in place, or maybe we will just kill a lot of people over time. Probably the latter.
elerianm Let's face it, we're led by an idiot... thankfully NY is smart enough... at least downstate is.
elerianm You think everyone is going to get rehired? Unemployment will be 15%. No one will have money. I can’t even get my lousy $1200.
elerianm Just a thought...if a viable treatment or a vaccine cannot be found in one years time, why are we not talking about providing N95 and cheap face shields to as many people as we can to seriously slow down the spread when used with testing and contact tracing etc...
elerianm there is no 'perfect way' to reopen COVID19 coronavirus
elerianm We can't allow United States to become a giant Leper colony! The world economy will start doing business somewhere else out fear of contagion.
elerianm A 'rocky restart' is cheerful way of describing the potential death of thousands of people.
elerianm Is Mohammed every going to recommend a time to buy stocks are ignore that we are now 20% higher?
elerianm How can you open if we do not know how this virus works? What questions is that? Can you see that china was in lockdown that city for 5/6 months or more before they went out? What questions is that? Please be inteligente !
elerianm Next pandemic needs to be handled so much better in terms of surgical precision - protect the older/unhealthy people let everyone else work with masks, distancing, hand washing, stockpiles of equipment, etc.
WallStJesus elerianm Lol that guy is salty since he missed the bottom
elerianm Yes..special focus on OIL ' MAGIC TEN '...
elerianm Inverted
elerianm open up the conner drug store and the Dow will jump 1000
WallStJesus elerianm I am afraid that orders won't flow although everyone is working again. That will be the next major surprise.
elerianm The way this will work is the irresponsible states that dont follow medical guidelines for phased reopening will have outbreaks and neighbouring states will have to close the borders to them. If all do it right there will be some time before the fight continues later in the year
elerianm hey Kernen, the bowling alley is open! 👍
elerianm get the cameras over to the bowling alleys
elerianm Sorry, but he is not as smart as people think.
elerianm China closed everywhere for about]t 2 months with the worst hit areas opening recently at about 3 months...it seems to have worked with minor flare ups. We can't open to early especially when we closed so late in the cycle. Trump's inaction worsened everything.
elerianm Why is governor hiding data from NYers? The chance of a NY resident dying from Coronavirus is 0.79%... if living outside of NYC the chance is even lower! Start opening NYS
elerianm “reopening in the perfect way”. Give me a break. Certainly didn’t shut down the economy in the perfect way either. OMG can’t be in the middle of a lake by yourself in a boat with a motor on it.
elerianm Oh, so we have a Schrödinger's economy
elerianm Why does CNBC have this guy on all the time? Terrible.
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