In this hour a strategy in stock picks to help ride out, contessa, the volatility. Hello, tyler. Hello, everybody yields rising, the dollar surging, stocks have given up all of their earlier gain. The dow down as much as 429, now down 1. 3 . The s p off 1. 2 the nasdaq composite down 0. 50 . The nas dabl dak was up 4. 1 at the high the treasury yields, twoyear, highest, yielding 4. 35 tenyear hitting 3. 9 . The dollar index at a multidecade high the british pound falling to a record low against the greenback. The dollar index up 0. 92 . Tyler . Thanks very much, contessa. Lets see where we are because we dont have the prompter the current macro environment is difficult to figure out, but our next guest says you have to respect it, tread a little carefully and stay fully invested for more, lets welcome in jason ware from albion financial good to see you. You say recession is coming in 23, but dont get too grim about it good to be with you, tyler. I think for longterm investors you have
Checked. Lets take a look and see if that still holds. Yes, it does. Not significant declines but declines nonetheless across the board. As for asia and japan, japanese gdp it did pressure the nikkei there to the tune of 4. 7 . The Chinese Government offering financial stimulus to towns to maintain economic growth. Signs of life there in the chinese economy. Lets get to our road map this morning. That does start with the s p. Which is sitting just under the key technical level of 1700 but setting up to expend a multiday losing streak. Blackberry replies all, says its open to exploring Strategic Alternatives. Jcpenney mulling action against bill akman for turning deliberations into a public discourse. And we have a date. Apples new iphone will be unveiled on september 10th. Were coming off a week in which the dow industrials broke a sixweek winning streak. This morning as we saw futures lower on that news out of japan where Second Quarter gdp rose 2. 6 , thats well below economic foreca