The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us. Our Investment Committee at the table today. Ka were going to get to this big day in the stock market in just a minute. First, lets get down to washington, the latest from our kala. Reporter we saw the chinese vice premiere exiting. It was a departure that was casual and cordial. It seems as if they were continuing a conversation out on to the steps of the office here after about three hours of negotiations this morning. The question that we have right now before that Oval Office Meeting with the president later today is what signoff is required from president xi at this point. We believe after dinner the chinese delegation was in touch with officials in china, sort of briefing them on what had transpired throughout the course of today. What we dont know is whether today was just a fleshing out of already agreed upon principles or whether there were new material developments th
because of the so called scandal involving notjust scandal involving not just toyota scandal involving notjust toyota but honda, mazda, suzuki, yamaha, a whole load of companies there. this will be a sensitive topic of the meeting. there may be some questions about keeping costs under control, the effect of the week and perhaps the decline in demand for a period where really they will be tackling this problem head on stop i to say on that point how do you feel that controversy is likely to impact the company short and long term? short term we cannot deny the news of what has happened here, buti deny the news of what has happened here, but i think it needs to be put into context. we don t actually have any cheating going on here. this is really it, it s somewhere between the bureaucratic way that the japanese test cars and actually being driven by one of the ministries, excuse the pun, and the way we reported this. what we are talking about here is actually just a what we are
Do before, brian hosted that one as well. We talked, and i was shocked and i dont know how you feel about this on a friday with all the potential risks over the weekend, vix closed effectively unchanged, closed up three quarters of a percent or not i would have said if you told me all this was going to happen today, the dow had at least 500 points and the vix north of 15 i understand why you would want to buy protection. By the way, theres a lot of scary stuff that the market doesnt seem to think so. The most important thing i would focus on there was some massive underlying weakness in the big market leaders this week we saw it in the semiconductors, in some of the faang stocks. Thats something that makes a lot of sense wednesday, when the semiconductor was down and the s p flat because of the rotation in financials and industrials and retail that was troubling to me its fantastic that s p could be flat, but there is some underlying weakness here. Yeah. I mean one other quick point, o
See its the ace of hearts s that embedded on the cards when something is coming in the future, its in the cards. Im sara eisen im wilfred frost were continuing our iciness from power lunch. Its warm and loving i missed you in the early mornings lets check in on the Global Market picture futures, coming off a decent day yesterday. Small gains led up by the nasdaq tech sector, the best performer in the s p positivity despite negative headlines in the course of the week the dow 45 points higher the s p 5. Nasdaq 15. The real take away, the dow and nasdaq in positive territory for the month of august. The month thats been framed by commentators as being negative, showing signs this market is due a pull back, yet we are positive for those two indices for the month. 8 out of 11 sectors are negative for the month of august, utilities is the best performer, the boring safe haven sector which points to the fact that its not been a gang buster month. Not to pick on you too much, the dow is up 0.
Later, the most hated man on twitter just got banned but that may not be good for twitters business model. Well explain. First well explain with old tech taking the markets to new highs. Kiss ki cisco breaking out, microsoft. Intel hitting a new high. Old tech has been on fire. Is it still the best place to be despite intels slight miss tonight . Tim, lets start with you. I think its stock by stock. In intels case actually i think youve got a company on evaluation metric, first of all, coming into these numbers was trading at the highend historical range. Very important business. The pc business has come back. The Margin Expansion is very interesting. But i go back to microsoft which blew out their numbers today, or did they . Against all relative to what you were expecting, year over year growth of 2 on revenues is not that amazing. Even though you can point to substantial growth in every segment of their business, the movement to the cloud today is very exciting. Who knows what thats