Welcome good to have you with us some of the most closely watched names in the market are hirer. Apple is getting a lift. I dont know, this is a pump bounce that we got it all evaporated a bit. I think the important thing is to balance two opposing things in your head. Volatility is creating opportunity and tlauheres alwa opportunities. This is not the sort of bounce that makes you feel that this episode is over. I would prefer a huge open down gap lower today to what were witnessing now the good news is i think you can make the case for at least a pause here definitely a short term wash out is taking place. Xlk, the tech s p name, hardest hit yesterday. Today they are up the most you do want to see that. Right now 20 of s p 500 companies have an rsi below 30 a fifth of the market is statistically over sold. You take a look at stocks above their ten day, almost none you could say that represented the bottom in the past thats where money game in to your point you have longer term issues
That gives you much better sense of where it is the dow slipped and s p declined and nasdaq lost 7. 4 because of an escalation of tensions in the mideast against britain, the United States and iran and before that the market was doing well you need to understand were about to embark on the busiest week of the year for industrial earnings we will be flooded with new information. If you cant handle it if there is some sort of congregation in the gulf, this might be the perfect weak to take your Summer Vacation on monday we have two important quarters we hear from whirlpool, the appliance maker and hall l halln if the latest reports and revolutionary guards, Republican Guard seize. They seize British Royal tanker. The price of crude barely budged for heavens sake. Maybe halliburton confirms what schlumberger told us this market is not the least bit excited about oil. The banks have told us that the consumer is flushed. We heard that the other day at bank of america but how flushed . Wi wh
Hes out, hes in. He says starbucks needs to fix its stores to win back customers, but bank of america sticking with a buy on the company. Sitting 50 upside for the stock from here. That analyst will join us to make her case. And is she bringing cappuccinos, too . Disney on deck to report. What to watch for, how to position on that name and two more. Thats ahead in the earnings exchange. We begin with todays markets. Don chu. The bounceback continuing off the recent lows we have seen over the course week and a half or so. Right now the markets are green across the board, but fractionally so, but its still green. The dow is down 89 points. Twothirds of 1 gained for the s p 500 which sits at a decent level right now. 35 points today. And threequarters of 1 gained for the nasdaq composite. Talking about 124 points to 16,280. So well see whether or not this nearterm bounceback off the recent lows has any momentum. One thing we are seeing a little near term out performance as the markets bou
I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. [david reading onscreen text] appreciate it. Welcome to the Financial Capital of the world. All right, well. Man just to work, yeah. Right. All right. We are at your favorite restaurant in omaha, gorats. Why do you like it so much . Is it the food, or the price, or the combination of both . Warren its the food, and the price, and the heritage. I four generations of the gorat family were involved here. Pal gorat and i went to Grammar School together, and so ive known the people over the years. The steaks are great, you know, the prices are right, so. I had lunch here earlier today, it was very good, and it wasnt that expensive, and i quite enjoyed it. Lot cheaper than new york, washington. A lot. Thats why i buy people lunch here, then they can buy me the lunch in new york. Thats a good deal, a good arbitrage. You grew up in omaha, but then you moved to washington when you
Got his heartbeating. He is okay. Cvs reportedly purchasing aetna, a 69 billion megamerger. If approved, cvs could use 10,000 pharmacies to provide Health Services to 22 million customers. Coming up. Living with hiv the therapy helping millions stay healthy. Later his books are out of the world. Bestselling author, andy weir tells jeff glor he is actually thousand rallied in Salt Lake City this weekend to protest a Trump Administration plan to shrink two National Monuments. Mireya villarreal tells us the disputed land includes a dinosaur graveyard. Thats a bone right there. The Grand Staircase National Monument in southern utah. Does it feel like, we struck gold. Oh, my, guess. Yeah. In the two decade since the 1. 9 million acre patch of land was designated a National Monument. New species of dinosaurs have been discovered. When created in 1996, it was envisioned it would be an outdoor laboratory. On this remarkable site, gods handy work is everywhere. But that designation by president