There are meaningful actions we can all take to stop gun violence in this country v their thoughts and prayers while failing to act we are done with that. Some good news for drivers as gas prices are headed south. And an incredible look at the man in charge of the sound for half a million fans atwood stock. Early today starts right now good monday morning im Frances Rivera and im phillip mena. Kicking off your week with some fantastic news here, gymnastics superstar simone biles, she has defied gravity and secured her place in the history books theres one, two, and a third one. And look at how high she is. She has so much time, shes capable of doing even more than that were going to slow it down to figure out how crazy that was. She landed a triple double during her floor routine shes the first gymnast to ever do that in competition that milestone came one night after she also made history with a doubledouble dismount on the balance beam doing a double twist and double flip f. She can
Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen
Hour look at these large megacap Communication Services and tech stocks for where Shopping List items might be for any buys on the dips with that well send things out to see j man thats going to be a harder objective to achieve, if anything a stronger dollar will become a bigger pain for multinationals sectors like technology, industrials and Consumer Staples that derive in some cases 40 to 50 of their sales overseas. If the dollar continues to strengthen it will make American Products less attractive to customers outside the u. S. , especially in emerging markets where the consumer tends to be more price sensitive it also impacts profitability for these companies when they convert foreign sales back to dollars. Now, a handful of companies in the Consumer Staples space that make everything from shampoo to cereal have outperformed the Broader Market because of the dividend yield they offer. Kimberlyclark with a yield of 3 , General Mills at 3. 6 , but with Central Banks around the world
The same this year what were hoping for, as you go into 2020, is that perhaps 5g starts to be a catalyst for the shares, but youve got to get through the cycle first. What happened to the last half year we spent talking about how services and wearables will make up for whatever weakness there may be in the classic cycle . Yeah, and that hasnt been our call and the problem with the services is that its just too small as a percentage of the total. So services, as one of the examples, you would have to add, for the video service, about the equivalent of ten netflix to offset what the loss you know, the decline in revenue from iphone over the last year so it just gives you a sense of large numbers, because iphone is so large that puts a little context around it. Mike, i mean, apple is trading lower today, but so are the other f. A. A. N. G. Names, as well is this one of those scenarios where we need to be talking about more about the impact that f. A. A. N. G. Has on the Broader Market to
Gracious god, we evoke your name in this place. We thank you for life and for giving it to us more abundantly. We thank you for the power and privilege of prayer, and we humbly approach your throne of grace to thank you and share our petitions. We offer thanks to those who surrender their lives in service to this great nation by willing sing to represent us. We thank you for their families and friends who loan them to us. May there be no lack in their lives because of their service. We pray that at this moment, you would pour out your spirit of wisdom and compassion on these senators as they chart the course of this nation. Embolden them with the burden that they are someones last and the hope that they can make a difference in someones life. Bless this assembly as they wrestle with how to express your nl love for all of us and for this moment. Then, o god, bless all the people of all the states in this land that we love to emulate and require of all our leaders what you require from t