It fell to a four year low and a rotation out of Growth Stocks some of those recent ipos all falling sharply today. Were down 237 points on the dow not far from the session lows. S p is down and nasdaq is down joining us for the full first hour of the show, dna nathan quick take on the market move. Its very similar to what weve seen in the last week of the first month of each radiator when weve been in earnings this hold year. We saw this in q1. We sold afterwards we saw it again in july. Other we are we made an incremental high. Thats what is consistent. One thing that took it down into enthusiasm about low expectations on earnings with some sort of negative headline about trade and i guess the question is, is this playing out the third time in a row this year Communication Services and utilities with materials, industrials, financials all down more than 1 well focus on the big stories. Bob pisani is covering todays market Kayla Tausche has the latest headlines on china mike santoli h
Official and we are on record high watch today. The s p seven points above an alltime closing high and the nasdaq trading in record territory as well today. Joining us for the hour is stephanie link from atiaa company. The market moved higher in the morning and weve sat there all day, upward bias because u. S. China trade headlines we have three reasons the deals that you mentioned early on, theyre positive for shareholder Value Creation but more positive in my mind because the ceos are showing they have confidence and they have visibility in spite of the trade tensions which to me is a very powerful statement thats one of the reasons for sure one area thats not getting a lot of attention, the german Business Confidence ticked up month over month its not back to july levels, i get it, but theyre making progress, right . And then of course the china talking about ip theft and being more friendly, more positive gesture. Who knows how thats going to turn out but those are the three reason
And, allegations of sexism. Steve wozniak among those complaining of gender bias for the new apple credit card and Goldman Sachs. First, to our top story. Wework ceo search is said to include tmobile ceo john legere. Ties toere has softbank. This comes at the same time as legere is pushing for a merger with sprint, also with softbank. As we reported this morning, it seems like he is one of several names up for consideration for a ceo search wework. Is something that has kind of been percolating. Again, this may be a sign of softbank pulling the strings. They have strong ties over john legere. Twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over Telecom Industry beefs they had. Theof them even called other a conman on twitter. Kurt what has been going on at wework on the executive front . Ellen it has been a long six weeks. ,september, coceos they come onto take the reins. Pretty quickly, so
Steve wozniak among those complaining of gender bias for the new apple credit card and Goldman Sachs. The latest from goldman. First, to our top story. Wework ceos search is said to include tmobile ceo john legere. John legere has ties to softbank. This comes at the same time as legere is pushing for a merger with sprint, whose owner is also softbank. Walk us through the news of today. Ellen as we reported this morning, it seems like he is one of several names up for consideration for a ceo search fo for wework. This is something that has kind of been percolating. Again, this may be a sign of softbank pulling the strings. We talked about they have a lot of control over wework. They have strong ties over john legere. In an amusing twist, ties with the executive chairman who is a former sprint leader and someone who in the past has sparred publicly at times with john legere over Telecom Industry beefs they had. One of them even called the other a conman on twitter. It seems like his name
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So