Flat theres the s p up a corner. Tech is out performing today steve, i look at the notes from all of you today and sounds like youre growing more and more cautious on where we are and more importantly where you think we could go. I think thats right. My position is simple. Were going to get a vaccine the timing is uncertain. Its not going to be distributed on a mass basis until next year. The election wasnt decided until middecember from election day to middecember, the stock traded down 8. 4 . We have a market on steroids i think you continue to see issues which is really gutting the Technology Sector which has been leading the market. We saw more today. They want to call the ceos from google and facebook down to d. C. Again. That is the current administrations platform. Lets get tough on trade lets get tough on tech. Its been disasterous or could be disasterous Going Forward when you take a look at valuations, you know, theyre very vulnerable here if i could be 1010 club, i probably
From the Retail Sector today. Nordstrom after pressure after it reported its numbers. Jc penny reports its results and sales from the governmentment we will tell you what to expect. Lauren show me the money, offering incentives to bruise up stores, whether he take a look at that story. Nicole San Antonio Spurs to close out their series and in baseball the Houston Astros nail the yankees with final out at home base. We will give you all the sports highlights. Lauren 5 01 in new york, tgif, happy mothers day for sunday, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Nicole breaking news overnight, bilateral trade agreement by china under the agreement that china will open borders to the United States and ending a ban it imposed in 2003 after a case of mad cow disease in exchange the u. S. Would allow cooked chinese poultry and would allow to ship liquefy natural gas and trying to return to natural gas as a way to reduce itself from c
Mr. Durbin. No. Mr. Durbin no. Mrs. Murray. No. Liz moments almost hollywood. A man diagnosed with brain cancer just a week ago. Senator john mccain of arizona comes rushing in on capitol hill to cast his vote to a standing ovation. He traveled all the way from arizona in way that would be approved by his doctors so that he could get to this floor and vote yes on moving forward the discussion of whether to repeal and or replace obamacare. John mccain voted yes. So he is a yes. Ron johnson, the senator from wisconsin, he of course was speaking to both senator Mitch Mcconnell who the speaker, there was some real question for the moment whether senator johnson might say im out. Im voting with mcowski who both voted no on those. So we have the tiebreaker in the chair. The tiebreaker of course is Vice President pence. And hes in the chair ready to cast that tie breaking vote. But surely, this is something people have never seen. Let me back up just a second for you. It was about 20 minutes
Mrs. Clinton is going to put these people out of business. We will tell you what sector he is talking about, coming up. And look out, m irylan anot epipen may appear next year, but people are worried its not what it should be. Lets start with apple. The Company Posted yearend declines for the Third Straight quarter. Were going to bring in colin gillis from bbc financial who has had a sell rating on it for a while. Colin, maybe well start with you. Did you see anything in the report, did you hear anything from tim cook that alters your view at all that the stock is still a little too high here . The issue i have with apple, and the market is also expressing by looking at their price to earnings multiple, which actually declined the tenure of tim cook while the Broader Market has gone up about 40 . Apple doesnt have that founder flame anymore. We reiterate their existing products. There are starting to become some question marks in the narratives like, will china return to growth . Will
Kongcurran is in hong wanting to know when the fed will raise Interest Rates. Matt miller is in berlin. Lets begin in greece. Finance ministers have reached an agreement that will allow aid to be released to ease the debt burden around the country. Marcus joins us live from athens. Aid disbursement means greece will not face a massive payment crunch to the ecb in the summer. Theres also some extra money that allows it to stopping down taxes are about to rise. Its not going to cause jubilation on the streets. They can expect a little bit of stability over the summer. Jonathan thank you. David are you wondering when the fed will next raise Interest Rates . Chinese officials will ask their u. S. Counterparts about the timing of the next increase. Curran in honga kong. When are they going to ask this question and where . Good morning. It shows how nervous chinas leadership is of the looming fed rate hike. Issuelan to raise this when diplomats meet as part of a strategic economic dialogue.