And happy friday, welcome to power lunch. Aisle melissa three, three major averages all lower this hour the dow is on track for its second straight weekly gain. Investors, again, somehow shrugging off fears about north korea. Check out the movers were watching for you, first solar soaring hitting 52week highs. Reports the u. S. Trade commission is considering slapping tariffs on foreign imports of solar product the crazy moves on finish line retailer was down 11 earlier on its profit miss. Now up 9 , the big move looking more like a short squeeze. The stock has a 29 Short Interest phillips 66 partners rallying the company, buying pipeline, other asset from its Parent Company for 2. 5 billion carmax is surging on its earnings beat. We begin in the nations capital, wilbur ross this morning on squawk box dealing down on the needed changes to na nafta and allout push to get tax reform done. Kayla tausche joins us from washington. Reporter the white house doing fullcourt press, trade teams
And israel as President Trump urgan his first foreign to since the election. Then there was all the buildup for the opec stocks with oil rising on speculation that the production curbs would be extended. Other prominent officials accompanied President Trump. The world is going to double in size in the next 15 years. There are plenty of opportunities and threats. Spent a lot of money and technology. We operate around the world. We help Companies Grow around the world. We are pretty comfortable in our future. Francine can you break down the units where you want to defend and where you want to grow . I want to grow everywhere. It is going to be harder in some areas because of our market share. Investment banking in certain areas may be harder to gain share, but that doesnt mean we cannot gain share in this country or that part of the world. We just know it is going to be harder. Francine what about fixed income, a lot of your competitors are trying to beef that . We have a good share ther
Defense and security were at the top of the agenda. Then, there was all the buildup for the opec stocks with oil rising on speculation that the production curbs would be extended. But it was business as usual for the rest of the week. Jpmorgan and other prominent officials accompanied the president ial to her. He talked about the prospects inside saudi arabia. The world is going to double in size in the next 15 years. There are plenty of opportunities and threats. Competitors around the world. We have spent a lot of money and technology. We know what we are doing. We operate around the world. We help Companies Grow around the world. We are pretty comfortable in our future. Francine can you break down the units where you want to defend your market share and where you want to push it . I want to grow everywhere. It is going to be harder in some areas because of our market share. Investment banking in certain areas may be harder to gain share, but that doesnt mean we cannot gain share in
You can credit oil prices for this. Joe an impressive turnaround, we started off in the red. Futures offered opened negative. All,morning markets took so quite a strong day. A little off the highs, but not much. Apple was the biggest gainer on the dow. Warren buffett giving a vote of dashboard of confidence. And almost 0. 2 stake but to be fair there was a separate regulatory filing. Associate at company like apple with a company like archer. One interesting thing, check out after that week chinese data, australias 10 year yield hitting an alltime low. Maybe it will go down lower. You can see why theres demand for. Also anxiety over the british pound, no let up there. It did come back a bit. The other notable thing you were pointing out is the South African rand. The twomonth low versus the dollar. Reports are police are set to arrest the finance minister. Thats not a story want out there when theres already Major Concerns about government stability. Oil having a big day, more concerns
For not being a natural born citizen unless he cleans up his campaign. Day,l news 24 hours a powered by 24 hundred journalists around the world. Im mark crumpton. Im emily chang and this is bloomberg west. Coming up a rough ride for the markets. Tech stocks feeling the pain. Investors say valuations have further to fall. Why chi wants dude to bring back in stock. And Silicon Valleys attitude problem. First, to our lead. Another week of extreme volatility as companies adjust to a new reality. Triggerhappy investors are ready to sell on the slightest instability. Even socalled bangs stocks are not safe. Amazon and netflix among the biggest losers. Activision and pandora plunging off the back of their latest reports. How do we talk about what is going on in the markets . My guest host for the hour to discuss, keys rob y, and Paul Kedrosky in san diego and oliver new york. Oliver, what happened today and this week . As you pointed out, a lot more volatility in the markets. Seems like that