Tomorrow night and apple making a nice move today as well. So were going to get to all of that. I do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. Glw, trading right around a 52week high. I dont know, pennies away from that. On pace for its seventh straight day of gains. Amidst this momentum, why are you buying it now . So it might be a little bit short term overbought, but this is the type of tactical situation that viewers of the show know that im personally looking for. Im looking for really Good Companies that are at some sort of an Inflection Point where the buyers are overwhelming the sellers, and thats exactly whats happening here. This is one of the Oldest Companies in america, 170 years of innovation. Theyre in all sorts of verticals, life sciences, mobile phone and computer displays, specialty materials. But the real driver here, judge, is optical fiber. If people were around du
Lets look where european equities are trading. Just under 30 minutes to the close of equity trading. This is the stoxx 600 and different industry groups. We are off by 1 10 of a percent. Mixed picture Energy Stocks outperforming. We are seeing a spike in wti and. Rent Consumer Staples underperforming down. 8 . Financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. It is the commodities outperforming. Commodity stock, energy stock, and commodity producers within the materials. The ftse 100, a little weaker,. 1 . Have been seeing cable spiking, i have a chart later showing the correlation between the ftse 100 and the pound, the ftse 100 falling below the 200 Day Moving Average for the First Time Since the brexit vote. It is still below the 200 Day Moving Average. It hasnt managed to break above it yet. Volatility on the ftse 100, volatility wages, we are looking at implied volatility, have been climbing relative to the euro st ocks. If we l
Tuesday section session. These currencies are climbing against the dollar, these gaining. Rising. Lds are i want to get to the corporate give, novartis planning to its division an extra year and a half to rebounded before they decide to spin it off. They reported their first quarterly profit increase in almost three years. Drag foreen a bit of a has been a biton of a drag for novartis. Shares in novartis today down by 3 . A considerable increase in third half petrochemicals and intermediates such as assets and solvents helped drive process. Investor attention likely to focus on the agricultural product side after a six alien dollar purpose six billion dollar purchase. Unicredit reporting a sixfold jump in thirdquarter profits, driven by the sale of its pie and near Global Asset Management division. , partlyfell by 3. 9 upset by higher revenue from fees and commissions. Unicredit shares up 1. 75 . We are 90 minutes into the session in the u. S. How is it looking . Abigail it is looking
The bidders. Disney is said to be working with an advisor on a potential bid or twitter according to people familiar with it. Disney has 5 billion in cash. Heard paul sweeney talking about the strength of its balance sheet. , as we, salesforce. Com have been talking about, in potential bidding for the company as well. Twitter has been lower today, downgraded by oppenheimer, asking questions about the price that twitter could fetch in a deal. Seeing shares move higher at the moment. Disney, on the flip side, is moving lower. Seeing shares movea little legr on the session with the broader markets, down 1. 6 . We will bring you much more on these headlines in this potential deal. In the meantime, we are seeing a sellout today, stocks hovering around the lows of the session. We had a selloff in european banks that spread to the u. S. We also have concerns about Global Growth persisting. Generally a risk off by us to the markets today. We are seeing the biggest twoday loss in the s p in mor
Winning streak. Catalyst seems to be more news that chinese brokerages have tighter marginal rules raising concerns about regulators having other things up their sleeves. Things to slow down the massive growth weve seen over the last year. Well have a live report in a moment. In the meantime if youre watching the u. S. Equity futures markets were higher yesterday. There is a slight pull back this morning. Dow futures down by 18 points. Apartment Building Futures down by 2 and the nasdaq down by over 8. San francisco fed president jon williams says the central bank likely to start raising Interest Rates later this year. Told a group in singapore that he expects Economic Growth in the u. S. After a weak First Quarter. Also the head of japans central bank telling cnbc he doesnt think a bubble is brewing nor is he worried about where the yen is heading. One says the yen might appreciate but in his words it should move in line with economic fundamentals. Another deal in the works. Avago tec