The russell up nearly a full percent. The broader markets, though, flat s p just lower dow, just higher joining us for the full hour, stephanie link very good afternoon to you thanks for having me. Markets flat overall, but whats happening underneath . Massive rotation today, and it actually started over the last couple of weeks and a lot of that has to do with a little bit better Economic Data that were getting around the world. Even over the weekend, we got the export import numbers out of china. And even though they were down year over year, the trend is still definitely up. And this comes on the heels of better pmi so i think a lot of it is a little bit better Economic Data. And then its this trade talk seems to be making some sort of progress so the cyclicals are actually the ones that are leading. Its financials, tech, industrials. And within tech, its se semiconductors versus Software Software is actually getting slammed. Is it that the expectations came down too far, too fast,
The uks theresa may taking a page out of Donald Trumps book. Are we seeing a new generation of leaders who said unapologetically i want it all and playing for one team, the home team. The new way of doing business is moving markets, you need to know how to anticipate it also your portfolio doesnt implode. Well tell you. Donald trumps cabinet pix entering the lions den, congressman ryan zinke of montana taking center stage on capitol hill as he seeks to become next secretary of the interior. Billionaire betsy devos heading to the hill in two hours, wilbur ross and Steve Mnuchin with fireworks almost a given. None of the candidates is getting approved without a fight from democrats who are looking to roadblock not just the cabinet names but the president elect himself. 54, thats the number of members of congress, democrats refusing to attend fridays inauguration, and as it climbs, moment by moment, were talking to the california congressman who is deciding at this hour, hes in meetings r
First off, your reaction when you heard about jamie dimons throat cancer . Betty, i am a human being too, so we are all aware this type of thing could happen. It is horrible, i wish the best, and i hope he requires recovers quickly. As he was saying, it was detected early, it is curable, and he will be working throughout. There are questions about who will succeed him, and he noted they have Succession Plans for the immediate future, in three years, and in five years. Had thisst time we conversation about succession at jpmorgan was one jamie dimon was president obamas favorite banker and people were thinking he might be the next treasury secretary at some point. Stated, and aons successor was, sort of, anointed, and of course, that discussion faded and that person eventually left jpmorgan. Now, once again we are in this discussion, and people are talking about the head of asset management, and gordon smith, who runs the commercial management, and of course, the coo who used to run the
From our studios in new york city, this is charlie rose. From east ukraine to the middle east to the south china sea, serious Foreign Policy challenges beset the white house. The front page of todays wall street journal described the situation as an arc of instability unseen since the 1970s. Joining me now from washington is the two authors of that piece. Jay solomon who covers Foreign Affairs and National Security and carol lee. The papers white house correspondent. I am pleased to have the both of them. Welcome. Thank you for having us. Tell me where did the idea come from. Did you simply see a lot of dots that were connected and you said, wait a minute, what is going on . After looking at the dots, tell us what you mean about an arc of instability. I think, for me, i was traveling a lot with secretary kerry over the past few months. And it was just kind of every week, there was another crisis. You know, it was ukraine, iraq, syria, and now it in the middle east. It is a continued cr
Auto maker by globalizing models, cutting costs, boosting technology. It is unclear if he will play some role in the self driving car program. Yahoo will return cash to shareholders when it sells stake in alibaba. They will use at least half of any proceeds from the sale to fund the project. Yahoo reported Quarterly Earnings showing the Company Still struggling to deliver growth while contending with popular rivals. They will sell 148 million shares down from the originally planned 208 million. Now to the lead story of the day, apple and ibm burying their past rivalry. They will develop apps for the apple iphone and ipad tailored to work with ibm Data Analytics and cloud services. Ibm will sell apple products directly to business clients and apple in turn offers apps support. This will help them expand into the enterprise market. Helping them stay relevant in an increasingly mobile environment. Im a to bring in bloomberg west editoratlarge cory johnson and Senior Analyst from jmp secur