68 points and the s p declined 22. 4 and the nasdaq fell fell. 70 . When it comes to everything from aerospace and elevators consumer packaged goods, coal oil and now computers and cell phones if its getting sold in china its getting obliterated i think china became the marginal buyer of everything the place where all hopes and dreams have come from in that thesis true or false is now fall apart because of that chinese stock market crash earlier this month. That was the sign that growth has peaked in china. Money managers now think that its all down from here. No, no china, mighty china is now regarded as a paper tiger. Lets take apple, the subject of endless, after reporting one of the greatest quarters i have ever seen in all my life. China has become a larger and larger part of apples growth and the ceo makes no bones about how it will ultimately become the biggest market and totally private Conference Call and with the ubs analyst Steve Milunovich about a potential slowdown in chin
Calling the shots in this market. This week led to a close with the dow dipping 26 points, s p back sliding. 05 . While the stock s of the Fastes Growing Companies maintain their domination. But on a casebycase basis, theres still plenty to clear about with individual stocks, and if you relate it to social, mobile, cloud, Artificial Intelligence continues to get a boost. But anything related to physical bricks and mortar merchandising remains down. But nordstrom taking the market down again today, and even the a slowdown in its e commerce business. Throw in the fact that deutsch bank slapped an out right sell rating on General Electric and this whole thing has made us think that the market has qualms about selling by the enterprise and by the individual. I expect the same battle to play out again in next weeks earnings score card and you know what its going to start with . A Company Called trevago. Last week we sat down with the travel behemoth, its forecast, its forecast was regarded
The dow up 75 points. The nasdaq up by 28. Weve got a couple big stories that were watching this morning. San francisco fed president John Williams said last weeks fed decision to hold rates steady was in his words, a close call. Increased concern about the Global Economy in the Financial System led policy makers to wait on a hike. We will see how long that wait lasts. Jim bullard awaits and says its too influenced. President bullard will be joining us right here in studio for two hours this morning starting at 7 00 eastern. Weve got a lot of questions for him. We should tell you this news and does. There was one dissenting vote but bullard was not a voting membership. Anybody who says this is a fed that is unanimous or united in this is going to hear a little bit of a different story today. I kind of wish he you know, i kind of wish it wasnt preaching to the choir. I feel like arguing with someone. Talking to him, you know, well probably get some agreement. It will be like, dont, you
Back to your point before we hit the headlines, its been a heck of a month for stocks. 43 s p 500 stocks are up more than 5 . Just in june. And im telling you, if you sold in may and went away, you lost out on just about all the gains for the year. To your point on oil, williams, new field exploration and others, theyre leading some of the gains. Oil has actually led us higher. Thats the down side on those things is oil helps out until it starts to act as a tax on the consumer. And you dont know what the he end of the summer is going to bring. Yeah. One thing i would say, we dont care about oil prices, can he care about gas prices. We had a guy on from bp yesterday who was talking about their global study that they look over lee years. And the good news is oil prices are more stable than theyve been at any point the 1970 witness stand that means theyve closed above 100 for three years straight for the first time ever. Yeah. Crude oil has been higher than where we are right now. Carl ic
Ms. Nooyi, telling the story about her mothers response when she came home with a big promotion. Let me explain something to you. You might be president of pepsico, but when you enter this house, youre the wife, youre the daughter, the daughterinlaw, the mother, nobody else can take that place, so leave that damn crown in the garage. Leave the crown in the garage. It gets better, more brutal truth from pepsis ceo coming up this hour. First, sue, to you. Its great to have you back, ty. We really missed you. Glad to be back. We had a dip, but were still not far from historical highs. Right now the dow is down 61 points on the trading session. Bob pisani and seema mody standing by on the drop, but first to dominic chu, whos reporting on value picks. Perhaps, sue, remember with earnings season fast approaches, profits will be in focus, and what you pay is one of the main metrics that a lot of professionals use to find value. So we went hundred dollarsing for a lot of value plays that are t