Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Of them to return to. The situation. From one of the divers who helps them. And jill minis Deutsche Bank stocks implementing mark the most radical Restructuring Plans in its history it involves a new direction for the. Signal. It was by. Losses for the video system directory as a friend to the usa again at the womens world cup but the americans troops theyre sounding the best teams in the world by beating the netherlands would kill correspondent was that the match. Greeces center right Opposition Leader kiriakou awesome its a talk is has won a landslide victory in the country snap election outgoing Prime Minister Alexis Tsipras and his left wing city itself party have conceded defeat syphilis came to power in 2015 after promising to repeat punishing a state he measures but he quickly made a u. Turn and gave in to the demands of International Creditors mr doc is saying is the countrys now entering a new post bailout era. In athens its a victory for the face of the old guard Kiriakou Spe
More concerned tom joining us now on the phone. Tom, you there yeah, im here. How are you guys what prompted you to take down your earnings estimates, which theoretically leads to a lower market in your mind . Well, i think part of it has to do with a lot of folks recently talking about how low inflation is good for stocks, because its helping the multiple but what were starting to point out and what we want to point out to investors is lower inflation means Revenue Growth pressures, but with labor costs rising, we know this is going to result in a profit squeeze so were really adjusting our estimates to reflect, especially into 2028, this potential squeeze on profit margins. Youve thrown in your towel on the trump agenda altogether i think theres elements that are going to survive and be very important for markets, especially deregulation. And i think because it doesnt require acts of congress, but i think its tougher to bet on tax reform and stimulus and infrastructure and even a pro
Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show. Im joined by use of who is over into dachshund joined by yusuf who is over in dubai. Yusuf what caught my attention this morning, we are still in a low bond youll situation after the holidays and people still struggling to get back. Concerns are being set andifically between bonds inare up 235 basis points that spread. Very mind this is from 167 basis points back in november. Ofis of course an indication the lack of consensus among analysts when it comes to how european core yields are going to evolve in 2017. There is of course the scenario for lower longerterm yields and flatter curves supported by the low Inflation Expectation and rising Political Risk and they bond scarcity. Thats what keeps it interesting and very tense. Anna as we head toward the end of the year. Lets show where we are on various Asset Classes overnight. 3 . Sci asiapacific up this is the first time weve seen an increase in seven da
Minister. And aboutface. The boy scouts of america move to allow transgender scouts after one boy stopped the ban. After one boy stopped the ban. I didnt do anything wrong. Captioning funded by cbs good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, President Trump fired the acting attorney general for refusing to defend the executive order on immigration. Shortly after sally yates was fired last night, longtime prosecutor dana boente was sworn in to take her place. After statements a large group of diplomat voiced a memo, and democratic lawmakers held a rally on the steps of the Supreme Court to protest the immigration and refugee ban. Henna zanls here. Good morning. Good morning, annemarie. President trump will name his nominee for a Supreme Court judge tonight during a prime time speech at the white house. Senator Jeff Sessions is expected to be approved by a Senate Judiciary committee this morning, leavi