It did dip below it for the First Time Since october. Almost every other mega cap down today in the session. Really, vimeo the only one threatening to finish positive today. We will watch this over the final stretch here, the stock did rarely go green, it was a while ago so we have to watch that. Names like salesforce and tesla proud, pretty open today. Target, not so great, but the market seems to have seen enough of those shares today. It takes us to our talk of the tape. Fed chair powell speaking on capitol hill tomorrow morning, maybe some of todays weakness, trying to get ahead of that appearance, perhaps. Lets ask anastasia, chief investment strategist with me here at our cnbc headquarters. Good to see you. Good to see you. Dow is down 500, nasdaq, center of the action, down 2 , yields are falling and the data today was weak. The data was not great in some spots. Ism, broadly speaking, was weaker than expectations. If you look at the details, it was the employment subsector that
Getting too frothy for my taste. Now, what does frothy really mean beyond some sort of pejorative connotation involving overenthusiasm s p backs 77 and nasdaq declined. 34 a market that likes. When you get a game stop situation, a bunch of home gamers join forces to push up stocks, things get really frothy very fast. The stock went from 4 to 400 before falling off a cliff again. If you want to spot froth, keep an eye on the soaring stocks and figure out if theres anything real behind this boost or if theyre phoney before we get too negative, maybe it would pay to do a little investigating maybe not everything is frothy maybe some stocks actually deserve to trade higher. Hey, can you imagine maybe many do. I got to, lets do this. Which actually have substance. So we can draw conclusions about how dangerous this moment really is quantumscape, up 66 . This is a Battery Technology company geared toward electric vehicles given there was no other news, this one feels ridiculous to me. Theyve
Joining us here in person and online. Big thank you to the opposite of National Cyber director team. Welcome to the launch of a Cyber Workforce and education strategy. I am a small part of this event. I want to share what we will be talking about, who will be talking to you at first say a thank you 2000 he wrote. This will not be a small conversation. We have a lot to get through. I direct the Cyber Initiative here at the Atlantic Council. One of the things that has been most striking about our work in the past five years is we often treat Cyber Security as a technology problem. One of the things i found striking and encouraging about the workforce strategy is its focus on Building Community and capacity to secure these systems, focusing on a human problem to address these technologies. It is linked to deeper issues about how we embed diversity in policy and confront challenges in education and workforce development. I am delighted to see this conversation led by the Deputy Director he
Tom, great to have you as always thanks for the time today. Great to see you, carl. I know youve been leery of the month of august in general did this mornings early tone do anything to change that . Yes and no. I think there are some constructive things that happened today that make myself and mark, head of technical strategy, think were actually in a bottoming, possibly for the month of august. The dollar reverse,ed sharply, and yields turned down, and as you know, both would be pretty big headwinds for stocks as we got into august, its been a rough four days so far, but i think the jobs number was pretty decent and then i am kind of optimistic that were going to get a good cpi report next week. So, thats kind of a road map to seeing stocks do better next week yeah. We have had a lot of chatter today about what cpi is going to bring us i think you could maybe argue the tone is relatively optimistic given what we think used cars and rent is going to do in the coming weeks yes, thats r
Joining us here in person and online. Big thank you to the opposite of National Cyber director team. Welcome to the launch of a Cyber Workforce and education strategy. I am a small part of this event. I want to share what we will be talking about, who will be talking to you at first say a thank you 2000 he wrote. This will not be a small conversation. We have a lot to get through. I direct the Cyber Initiative here at the Atlantic Council. One of the things that has been most striking about our work in the past five years is we often treat Cyber Security as a technology problem. One of the things i found striking and encouraging about the workforce strategy is its focus on Building Community and capacity to secure these systems, focusing on a human problem to address these technologies. It is linked to deeper issues about how we embed diversity in policy and confront challenges in education and workforce development. I am delighted to see this conversation led by the Deputy Director he