And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a
Is this is week that tech took the market back. Tech is up 2. 8 . New all time high is the russell 1000 growth. Tech is back and tech is working. Every time we get the story well roll out of tech into value, it works for three or four days and we go right back to whats really happening in the economy is tech platform driving dijtization. Not only domestically but globally these companies are empowering it that Investment Team will be strong right through 2021. The russell will be interesting. If you can find companies because the russell itself actually has no return on assets most of the companies dont make any money. If you can find a mid cap company and its revenue domestic it doesnt matter who wins the election were going the war with china its going to have an impact on certain s p companies. You can find refuge in the russell 2000 i think you have to do your stock picking there. Im looking for companies with companies that make money by distributions and having nothing to do with
That news as meaning the u. S. And china a closer to finalizing phase one of a trade deal. Eunice yuaneinjing for us tonight. Reporter china says the two sides hav agreed in principle to roll back some of the existing tariffs in phases. The Commerce Ministry said the negotiators have been discussing this the past two weeks. And the Ministry Said that for a phase one agreement to bed reacome of the additional tariffs have to go. Beijing wants the tariffs lifted at the same time by the same amount. How much could be negotiated. And a spokesperson said the time and place of a deal signing has yets to be decided. And after the remar the state media has been laser focused on the point that if tariffs are not removed there is no deal. Ats been one of beijings kor demands. The papers also efrpzed that tariffs need to be lifted simultaneously and indication to the chinese that china and the u. S. Are considered equals. Perhaps the way to make it easier for the Trump Administration to meet beij
Paralyzing hong kong and goldman responds and burger king launches the new Meatfree Burger overseas. You were hoping for a little billy idle at 5 01 in the morning. Thank you for being with us this Tuesday Morning. A little cold out there. The dow is up 18 and it might continue to rise futures are basically flat they came up about 35 or so. Basically up by 10 right now weve had nine record high closes if we get a little momentum here, could be the 10th. As stocks go up, yields go up as well people selling the bonds the benchmark creeping closer to that 2 . In asia, japan, youve heard us talk about it for weeks now. That market higher the nikkei up there. Inching toward the 2018 highs as well despite the unrest in hong kong. Continues to rise. In europe, there is a lot of green on your screens this morning. All the five major averages are higher today markets around the world are up. We are going to get more on all of these markets right now lets get to the biggest release. Disney plus
Good tuesday morning, welcome to squawk alley, i am Carl Quintanilla well go to bob backish, viacom ceo. Well start with we were delaying its ipo as you know amid questions over its valuation and Corporate Governance lesley pickers has more back at hq what do we have today . We were convene employees for an all handson deck it is unclear exactly what the purpose of this meeting is but most expect to hear more from the status well bring you relevant details as we get them in the meantime i have been chatting with sources on the deal exactly what happened to cause the delay and told they realized based on feedback from investors they needed to sharpen the story, they were not ready to have those conversations with investors on a formal road setting. This delay would give the company time Third Quarter numbers in the marketing we were saying in a statement that expects the deal to be completed by the end of the year the important thing to note on that timing is that if the ipo does not ha