Made an offer to buy the company. Josh brown, Wealth Management. Josh, great to see you today. Whats going on s p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. I think you nailed it thats exactly what i see going on indices are stalling out given the runup, i dont think, should be a huge surprise. Rates are higher, which is interesting. Lot of the big winners of the year, like iyr, xlu. Anything rate sensitive also taking a breather. Xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i cant remember how long thats an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things its perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52week highs yesterday. Honeywell, new highs these are things that do not happen in the context of a bear market o
The stage at the deal book conference lets listen in sfl back to our stage youve been with us before we thank you now. I have. One of the reason we wanted to see you was because we are right in the midst of the streaming wars. We are. Which have just begun with apple plus last week and with disney plus coming next week and i want to use this opportunity for you to help us understand how youre looking at all of these different components parts and whats about to happen to our media ecosystem. Here is where i want to start the conversation. Okay. I know you have historically said you dont have think you have any competition or if you do it is with sleep. Do you remember that line . A great line only got a couple of laughs here but you got more laughs before. When i do it its better. Thank you and so my question is now that you see whats happening in this ecosystem, an ecosystem which you effectively created or at least inspired what you think is going to happen. Look at hbo max, disney p
Morgan brennan and jon fortt at post nine. Market improving on headlines from larry kudlow. Facebook, amazon, alphabet trading 7 to 15 below peaks on that, we turn to mike santoli about what it says about big tech valuations. Valuations moderated, sentiment has turned i think mostly were talking about alphabet, facebook, and amazon opposed to netflix. Analysts talk about potential some of the parts type valuation. Break up value Type Analysis of the companies, not because they think theyre likely soon to be broken up, want to surface the idea theres value not recognized in the markets. It was emblematic, saying google cloud partners is worth 225 million. If you buy into that, is Amazon Web Services worth all of amazons market cap . You can go on with the conventional wisdom that facebook was somehow broken up, someone some of those off, maybe the sum would be worth more than it is now, right so i think this is mostly a wall street exercise. But it shows you that faang became faang beca
Lately. Well, we have. But now you may soon be wearing them. Yeah. It is friday, it is september 20th. Fbn a. M. Starts right now. Rise up this morning. With the rising sun. Three little birds. Are by my doorstep. Singing sweet songs. Of melodies pure and true. Saying this is my message to you. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren one of my favorite songs. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving. Weve got green a arrows this morning, dow up 33, s p up 3 and a quarter, nasdaq up 15 andahalf. All eyes on lower level chough trade talks in washington. Lauren within striking distance of record highs for the dow and s p 500. Cheryl tensions with iran and catastrophic flooding in Southeast Texas, two things oil traders will be watching today. Were higher on the contract. Last read, 58, 50. Lauren in asia, the china trade talks continue. The shanghai composite higher by a quarter of 1 . Thats because the pboc cut borr
European open, the rally in europe, Deutsche Bank down another 4. 5 . The dax deep in the red. There are so much to discover this morning. Cehic. Et over to nejra a turkey will be pressing for concessions as the European Union meets over the refugee crisis. The eu wants turkey to stop the flow of refugees from the middle east in return, turkey wants money, a quicker path to joining the eu and the ability to travel to europe without visas. A Kurdish Militant Group has claimed this possibility for last weeks explosion in turkeys capital. The same group that claimed responsibility for a similar attack on turkish army officers. To fillt obamas choice the Supreme Court vacancy goes to capitol hill that it. Today. Mitch mcconnell says garland wont even get a hearing. Some republican senators and say they will talk with him. Global news 24 hours they powered by our 2400 journalists in more than 150 news browse around the world. As we watch the fed affect work its way around the globe overnigh