It fell to a four year low and a rotation out of Growth Stocks some of those recent ipos all falling sharply today. Were down 237 points on the dow not far from the session lows. S p is down and nasdaq is down joining us for the full first hour of the show, dna nathan quick take on the market move. Its very similar to what weve seen in the last week of the first month of each radiator when weve been in earnings this hold year. We saw this in q1. We sold afterwards we saw it again in july. Other we are we made an incremental high. Thats what is consistent. One thing that took it down into enthusiasm about low expectations on earnings with some sort of negative headline about trade and i guess the question is, is this playing out the third time in a row this year Communication Services and utilities with materials, industrials, financials all down more than 1 well focus on the big stories. Bob pisani is covering todays market Kayla Tausche has the latest headlines on china mike santoli h
We hear from an essential figure in that period. Tesla owners are talking in part to a bloomberg expansive study, thousands of model three owners. We examine whether parts and to parts. Re up Twitter Announces it will stop all political as on their platform, with the ceo saying it is not about free speech, it is about paying for reach. The sentiment was not echoed by facebook. They reported earnings and reassured their stance when it comes to political ads. Brandcebook ceo stayed on during the Earnings Call. I expect this will be a very tough year. We try to do what we think is right, but we will not get everything right. This is complex stuff. Anyone who says the answers are simple has knocked out long enough about has not thought long enough about the nuances and challenges. I get that some people are going to disagree with our decisions and think they may have a negative impact on things they really care about. But i dont think anyone can say that we are not doing what we believe or
From that period. And tesla owners, they are talking in part two of a bloomberg expansive study, thousands of model three owners. We examine whether parts and services are up to parts. Twitter announces it will stop all political ads on their platform, with the ceo saying its not about free speech. Its about paying for reach. That sentiment wasnt echoed by facebook as they reported earnings and reassured their stance when it comes to political ads. Facebook Ceo Mark Zuckerberg stayed on brand during the Earnings Call. Mr. Zuckerberg i expect this will be a very tough year. We try to do what we think is right, but were not going to get everything right. This is complex stuff. Anyone who says the answers are simple hasnt thought long enough about the nuances and challenges. I get that some people are going to disagree with our decisions. I get that they may have a negative impact on things they really care about. But i dont think that anyone can say that were not doing what we believe or
No, that actually was good for the market t. Dow gained 126 points t. S p climbed 4. 6 . Nasdaq advanced 0. 4 . How did these terrible things suddenly become good for stocks . This market is trying to find a footing where it doesnt go down every day and segments hard hit can be ready to rally. Its finding its footing in all the wrong or ignorant places. The fed kept Interest Rates low. Banks need higher rates to make more money after your depositles. The stocks got dumped. It doesnt matter at all to people that the banks were actually quite doing quite well here in the u. S. That its got more robust lending than anywhere else on earth. We learned last week when john stumped the ceo, wells fargo came on the show. He made it clear it was excellent t. Stock got hammered. Big money matches, what do they want . Lending is a risky business. Even if you are wells fargo, which is an amazing sir couple spent lender. Nope. The stockmarket prefers its fool proof when the banks take your deposits
Playboy and what happens when brands walk away from their history . Now its really nothing but the articles. Okay. China fears adding to todays weakness. But earnings as tiyler mentione, front and center. You can see the shares are a little changed right now. Intel flat. Jp morgan chase slightly lower. Intel is down 10 this year. It rallied big over the past one month. J. P. Morgan is down more than 1 . Josh lipton covering intel. Take it away. Mandy, heres what to watch when intel reports. So, one, what is the state for pc demand . And here investors not expecting much. After all, idc reports that pc shipments dropped 11 in q3. Alex gowna says the chipmaker cant post a number thats a lot worse than the industry. He thinks sales in intels Client Computing Group which includes chips for pcs fell 12 in the quarter to 8. 1 billion. But investors dont expect much for the pc business, they do want to see strength in the companys other big business. Chips for data centers. Doug friedman says