We start off with a major reversal on wall street. S p 500 gave up gains around 2 00 p. M. To finish close to session lows same for tech stocks you saw the same thing play out in facebook and netflix, both stocks starting strong, finishing around session lows. You can extend this to regional banks, health care, energy, small caps what does the action today tell you, guy adami its not encouraging. Im not going to make a deal out of today yesterday we had the show of hands. I dont think any of us were convinced by the rally ill continue to say a 30 vix suggests were going to see days of 1. 52 moves. I happen to think on aggregate its going to be lower im not trying to be all good morning and gloom, but the environment we find ourselves in in terms of a lot of Different Things as we head into the fall, on top of which an election is probably a coin flip, i dont think its particularly bullish for the Broader Market and especially on the back of a rally thats been historic karen i did raise
Basically, not just anything and be a critical thinker to arrive at what i believe are well researched conclusions and approaches to things. Yeah, my mind will run a little wild and i will write down that wild theory i had and then i will also write down an opposing theory and as i do my research, whether it is for working on a forensic case because there has been a cyber incident or whether it is working on a book like this i always have a competing hypothesis and so as i do my research i start to make sure that i am researching am researching under both hypothesis which leads me to what, i believe, is a factbased decision. Host what in your professional background would lead you to be that conspiracy theorist as you say . Guest it is interesting and i talk about my irish grandmother and her influence on me and she read a lot of books and you know even a lot of people in my family know that this perspective of my always getting the straight scoop from people and i will learn to think
My mind or run a little while and i will write down that wild theory i had and i will also write down and opposing theory. As i do my research, whether its for working on a forensics case because theres been a cyber incident, or whether its working on a book like this, i always have a competing hypothesis and so as a do my research i start to make sure im researching under both hypothesis, which leads me to what i believe is a factbased decision. Host what in your professional background would lead you to be that conspiracy theorist . Guest its interesting, talk about my irish grandmother and her influence on me. She read a lot of books, and even a lot of people in my family, this perspective, am i always getting the strength from people . Im going to learn to think for myself and that was something my parents and my grandparents and my great grandparents all ingrained in me was you may be told certain things by your superior or by the government or by other governments, but make sure
Month. Corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. And the u. S. Is weighing new 100 tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now Morgan Stanley Ceo James Gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. Good to see you today, lindsey were seeing the markets kind of shrug over these trade headlines, why i think the market has really priced in a phase i deal getting done the news in the Early Morning market got excited and that quickly got deflated the market is up 26 yeartodate its trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the Economic Data to really get caught up to those earnings multiple we are set for record alltime closes. Anything positive for the s p and nasda
Pantheon of the great tennis circuit hes won for the ages. Up. Scott turner for the ages starts july 10th on t. W. China defends its role as africas biggest lender beijing says it doesnt send debt traps and only offers the continent true friendship. Baby eels a delicacy in china and a multimillion euro business thats why smugglers want a piece of the pie. And from fame and fortune to bankruptcy a german tennis Star Auctions off his most prized possession. And paid for by its to business outside forces trying to vilify beijing thats what chinas top diplomat has told senior ministers visiting from africa say council one nice is chinas approach to cooperation with africa is different to that of traditional powers its not pursuing selfish geopolitical gains or engaging in debt trap diplomacy but rather 2 sided sustainability china calls it true friendship but some say its a one sided affair ministers from 50 african countries met with their counterparts in beijing this week to discuss furt