59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Arabias oil facilities. If the outage is extended or if military action is employed, what could the further fallouta. First, welcome. This is the first time that you hosted the show. And your father is watching. So your daughter, the whole hour mike evans why did i say mike evhe have evans. Too bad we are live are you the best and what is the fallout im surprised the market didnt trade off more over the weekend im like 25, 3 almo handle easy but none of it really happened airlines down a percent and a half and so to me this is actually a very encouraging day and this is from somebody whos th has been bearish for a while. Encouraging that is regards to the market last week we had a pretty hot inflation print. And so when you think about this, when you see crude oil go up the way that it did and the dollar stay big, to me that poses some sort of issue could be a really interesting fed day wednesday. We know the administration doesnt the rates where it is. So it could be an interesting we
For the highlyanticipated rate cut. Tech sold out. The nasdaq hitting a record high before reversing lower as big tech is under fire the white house is hosting a summit targeting social media giants can tech rally in the face of the major headwinds or is the group handcuffed so many options as to where to go guy, what do you say first of all, this is unbelievable actually no. It was years ago it is interesting that, you know, billy joel, great artist and you played potentially his worst song. I knew you would say that. Thank you. Up town girl. Excellent point. Terrible song. With that said, can you still buy tech here . I think theres still an inch you can buy. Facebook, if thats technology, will rally in energy i think on microsoft, thats fine lets look at micron real quick because i think it is where the battle line is being drawn that stock was at 32 on june 25th when they reported earnings, and the stock has rallied probably 30 since then you sort of break down the earnings guess w
Traditionally, for stocks. Dow is usually down more than 1 on average does that hold true to form this time listen, i dont know if history is your guide on this. I think the relevance of whats going to happen here in september is really about the tremendous amount of obstacles that the market faces right now. And what do you do with that do you allocate new money . Do you expect a correction to be coming right now i think the best strategy, when you look, is to be defensive if hedge things out, if you have the ability to use options or the ability to access the volatility market, i think those are the right things to do because i think the certainty about september is that volatility is going to rise. Predicting which direction overall the market is going to go, i think, by the end of the month, that would be a fools game but im rather certain that volatility will be spiking interesting way you put it. A tremendous amount of obstacles, you say lets go down the list what are we most wor
It seeks to dismiss the companys chairman after the dutch patientmaker rejects a third bid from rival ppg. A chip on the shoulder for dialogue shares as they see the apple supplier embrace investors for a Second Quarter dip in revenues. Good morning. It is tuesday, glad youre still with us. Lets check the Market Action this morning. Yesterday was a bit of a disappointment for those bulls out there, those hoping for continuation of the macron rally. It incident quite happen yesterday. The stoxx 600 was off by 0. 1 . What we saw essentially was a lot of profit taking after we had seen such a great run up in European Equity markets over the last two weeks in anticipation of the macron win. Lets look at the markets. The cac 40 is higher to the tune of 0. 40 . Xetra dax up by 0. 25 . The ftse 1 00 up by almost a third of a percent. T when it comes to the sectors, a bit of a rebound in basic resources to the tune of 1. 4 . Thats one sector which led us lower yesterday on the back of disappoi