The tech rally still has room to run. Thank you. See how that works. Intels chief Financial Officer bob wan is back with us, talk about the chip anchors better than the expected earnings and concerns at rival amd could be taking a bite out of its business. They had to defend themselves on the intel Conference Call. Some of the analysts asking about that tremendous competition from amd these days. Yeah. Well ask him about that so lets begin with amazon still weighing on the tech sector. Bertha coombs has more. Reporter following that earnings misamazon seeing its worst day since early june selling off on pretty strong volume and thats providing the biggest point drag on the nasdaq 100 but amazon is coming off an alltime high just yesterday and shares are still up fractionally for the week and in fact up 6 with one more trading day left here in the month of july. The impact on bigcap tech is somewhat muted the major tech indices are down fractionally and treating volume actually isnt ref
That is not a very pretty chart. And the bayer case, several came out of hibernation today. Today we found another one. Shes going to make her case on why she is so confident stocks will go lower. But she is bullish on one sector. All of that is straight ahead. Tyler continues on vacation. Simon is my partner again, hi. As you say, theres a lot for the markets to react to. We have an upwards revision of gdp. A drop in initial claims this morning. We have the bases covered with International Correspondent. Reporting also on the new opportunities, lets kick off with you. Heres whats going on with the marketplace. This last pullback was just 4 from the s p. Investors fought at the dow bounced right off of its longterm trend line. You see over the last two years, every single time the dow has touched that green line, the longterm trend, the stocks have gone up afterwards. And this last time, august 7th, no exception, but some stocks have done marketly better than others. The dow is up 4 .