Skyrocketing a heart thumping 50 its not all rainbows and butterflies. Ibm was caught in a bad romance. The separation sending shares up 6 today more on the big blue breakout. Ibm has seen a little love from investors over the past decade so it is splitting itself in two and saying it will list its it services as a separate company next year. Investors initially cheering that move sending shares up about 6 but the ceo reminded inversers that it i ddivested in the 90s they didnt play into the value. Shares have under performed through the broader if he can sectors to broader names like or cal. But two years ago ibm was about watson and tech. It is said watson is barely mentioned on earning calls ibm was late to the game and still far behind amazon and google back to you. Lets trade this. Question, guy. I will start with you. When you start with a question, it always confuses me. Does this spinoff actually further ibms turn around plan or is this just Financial Engineering . The latter.
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
That. Ill keep it short because i know wevegot time constraints here but a quick description of what an enormous challenge this is. The secretary of Homeland Security managers 240,000 people in the department. The responsibilities for Homeland Security are vast. Ill start with itthe federal Emergency Management agency that has to deal with do hurricanes and wildfires now covid amongst many other responsibilities , Border Security, a huge issue. Weve not fixed that problem by a long stretch but this administration has done a good job of stopping the outofcontrol illegal entry that we are experiencing over a year ago. Pe this department is concerned about cyber security, Election Security, security of our Critical Infrastructure and as we just witnessed with some of the protests that have sprung to right, also protecting our federal buildings and of course we have to thank David Underwood in open oakland california, a member of the federal Protection Services so the responsibilities are
Against former National Security advisor john bolton over his book, the room where it happened. Decided to accuse bolden of breaking contract with the government for disclosing classified information. The government sued in june to prevent the release but the book was published and scheduled. Russian Opposition Leader Alexei Navalny blames president of Vladimir Putin for poisoning him. He told a german magazine that the russian leader is behind the crime and, i dont have any other version of events. The kremlin has denied responsibility. It said navalny is taking orders from the cia. Former president jimmy carter marks his 96th birthday. It is the latest milestone for mr. Carter who has lived longer than any other former american president. A spokesperson for mr. Carter says he plans to celebrate at his home in georgia with his wife of 74 years, former first lady carter. He was in office from 1977 until 1981. He has largely receded from public view but this summer he recorded an addres
And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its kind of this, you know, upper range above the year to date break even level it is about 1 , 1. 5 up from this level in the 3400s. People say maybe represent an upside break