Appetite reverses the trend weve seen of late joining us, steven weis, managing partner of weis managing partners. Thanks for being here. Thanks for having me. I like the no tie look. I do that on a friday. Hes, i guess, getting the positive sentiment going here. Absolutely. Even though its only tuesday. When you look at whats really leading the s p higher today, its tech stocks its the Semiconductor Names what do you think right now . So, i own smash which is semiindex, ctf i owned it coming in today, bought more immediately when the news hit its not something i typically do i sold some in the last halfhour. Im not sure this momentum is going to continue. Its highly volatile, and when you have profits and positions that arent core positions, take them, be happy look at where the market is. The market is no further than where it was actually, its lower than where it was. Go back a year and a half, its basically flat core positions you dont necessarily touch unless the fundamentals chan
Told, is friday at 5pm. Weve been told that our flight season. Away from football, some after the town was evacuated due has been cancelled. To flooding fears last week. Its not going to be rebooked today. Picket news with pakistan parting i rang British Airways and they said company with their coach Mickey Arthur after failing to reach the hundreds of British Airways flights they cant do anything are cancelled and delayed, for us over the phone. Knockout of the world cup. He could as the airline suffers technical be in line to take over in the same problems with check in. 15 million customers role with england when trevor we are trying to get to stockholm. Will benefit from Cheaper Energy bills because of a change bayliss departs. More to come in all our next flight, weve been told, is friday at 5pm. In the price cap. Those stories at around 2 30pm. Weve been told that our flight has been cancelled. Its not going to be rebooked today. The board masters festival in British Airways has
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
Now on bbc news, its hardtalk with sarah montague. Welcome to hardtalk. Im sarah montague. My guest today has a reputation for telling uncomfortable economic truths. He famously predicted the Global Financial crisis of 2008. Now Raghuram Rajan says capitalism is under threat and if World Leaders want to save liberal democracies from a surge in populism they need to give more power to local communities and take it away from big governments and big businesses. When he left his job as governor of Indias Central Bank is that it was better to be a doer than an advisor. Now the superstar central banker is being talked of as one of the front runners to governor of the bank of england. Would he rather do thatjob than advise in another . Raghuram rajan, welcome to hardtalk. Thanks for having me. That quote from you better to be a doer than an advisor what is it that you want to do . What i wanted to do that time was really turn around peoples view of india. I thought there was a lot of potentia
Blake burman, president will meet shortly with the Prime Minister of pakistan amid talk out of pakistan. They took to twitter pushing back on iranian claims that they have detained 17, spies that were recruited by cia. This announcement came via Iranian State television, that some of those 17 had already received death sentences. President went to twitter to say not so. He called the iranian claims quote, totally false. He also said there was quote, zero truth to it. Now the secretary of state mike pompeo as you know was once cia director before he moved over to foggy bottom. He was interviewed on fox friends earlier this morning. He pushed back as well against those iranian claims. Watch. Cant add much to it specifically, having had a chance to lead that Great Organization the Central Intelligence agency. I would urge everyone reading that story waking up that the Iranian Regime has a long history of lying. That is part of the nature of the ayatollah to lie to the world. I would take