Getting a carryon of this sanguine sentiment coming through from asia overnight, we had some exuberance yesterday after hitting fresh record highs. Our hopes that we could get up three chris is tax reform surprise prechristmas tax but are concerned about a partial Government Shutdown if a deal is not reached by next week. Over all we are seeing a pickup in the markets. One thing we are watching his commodities. We of course have a situation where it has been a extraordinary bull run when it comes to commodities so far this year and a lot of it has in down demand in china continuing to pick up. We are going to be looking into the question of whether that will be coming to an end, ryan, given that we are seeing the Housing Demand pull off in china cool off and china. In north korea, sanguine reaction when it comes to the equities markets in asia. You can see on the chart, we ave had the increasingly repetitive indications that the missiles have gotten more advanced incapability or nuclea
Economistewinning says it should be outlawed. All that to come in the next 30 minutes at first a market check. Fang not doing well, nor are semiconductors. A very interesting divergence for the major averages. The dow up 2 10 of 1 and the tech heavy nasdaq down 1. 7 with the s p 500 down fractionally with a divergence between the s p 500 and the dow, on the one hand a huge selloff for the nasdaq, down 1. 7 . The chip index down 5. 23 , the worst day since brexit in 2016. Seeing a big selloff for the fang and in the chip stocks. A look at the nasdaq 100, big tex is getting hit. Getting hit. Here is the chart. A steady decline on the day, down 2. 2 on pace for its worst day since august. Someone thinks it was not triggered by janet yellen but by bearish or cautious research out of Morgan Stanley, including a few days ago. Lets look at the drags on the nasdaq 100. Apple, amazon, facebook, nvidia. Nothingmazon, facebook, to dismiss nothing too specific outside of cautious comments but in v
They come from an ultra nationalist group in the uk. Were not going show the videos but they contain disturbing violence and they make unverified claims about muslims. This group is called britain first. And its pleased. Britain first was founded 2011. This is its website. Among its policies is to introduce a comprehensive ban on the religion of islam within the united kingdom. These are the people in charge. The groups two leaders have both been convicted with crimes related to inciting racial hatred. Britain first is known in the uk as a group but also as a slogan. Last year, the mpjo cox was murdered in the street by a man with links to the far right. He shouted britain first during the attack. Jo coxs husband was brendan cox and hes spoken today. I thought it was an horrendous thing to do. Britain first is a well known hate group, it strives hatred against muslims and donald trump is the president of our nearest ally, the president of our nearest ally, the fact that he didnt check
Down 15 this year and pete here says its the perfect bargain buy. First we start with war. The ultimate tugofwar in the market this year between growth and value. We saw it come to a head today as Growth Stocks Like Technology got absolutely crushed value stocks like financials and telecom actually soared, a reversal from the trend weve seen for most of the year. If youre putting new money to work now, what is the better bet . Surging growth or lagging value . Guy . I still think theres room to go in retail if that surging growth, and im a believer in that, so i think the retail trade still works tim has been talking about macys the last week or so nordstrom is earning, theres some upside there. With technology thats sold out, people say this and theyre right, every time you see a selloff of this magnitude, people say its sort of different this time, theres something going on each time its proven to be buying opportunity in my world, the best one shakes out to be google if you look at
Maria good morning to you. Thanks for joining us. I Maria Bartiromo ended thursday, september 20th. 6 00 a. M. On the east coast. Tax reform taken a major step forward to begin debate on legislation expected to come as early as tonight. Reports are suggesting that some republicans are considering cutting the rate to 22 instead of the planned 20 . President trump spoke about the importance of getting this done today. We cannot sit idle if i can watch ourselves losing a competition to other countries as they continue to take away our jobs because their tax codes are more competitive and less burdensome than ours. In order to achieve this bright and glowing future, the Senate Must Pass those taxes. Maria the deal could help propel them already for shane economy which is full of potential for the first time in a decade. Gdp growth in the First Quarter sitting at threepoint 3 . We gave you this number is yesterday in the relic can use its momentum industrial of 90point on top of another hug