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
The coronavirus pandemic continues to loom large. Addressing the crowd in pennsylvania, trump again touted an experimental treatment he was given while hospitalized with covid19. The drug that they gave me, im going to were going to be distributing it all over the country to hospitals and everything else. A day earlier, Health Authorities said 19 people who attended two trump rallies in minnesota last month tested positive for the virus, but they say it is unclear if these people werere infected at the rallies. The u. S. Governments top Infectious Disease expert, anthony fauci, has warned that holding large gatherings is asking for trouble. Meanwhile, biden held a rally in florida where he criticized trump for his handling of the pandemic. So many lives have been lost unnecessarily because this president cares more about the stock market than he does about, you know, wellbeing of seniors. Biden also plans to visit pennsylvania later this week where he is likely to continue his focus on
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
Tremendous victory for both our nations. They will create countless expanded investment and commerce. Promote fairness and reciprocity and unlock the best opportunities for growth. In the United States, these game changer for our farmers and our ranchers. We have been working very hard on the spirit providing them with significantly enhanced access to a critical foreign market. Reallyment, i will be honoring a lot of folks in the room that are here with us from farm country, ranch country, and were going to be witnessing an ambassadorning by Robert Lighthizer and the ambassador from japan, along trip, just got here. Of yourateful to both for the outstanding job you have done, and all the people that were involved with both of you, your staffs and your representatives. Bob, thank you. Thank you very much. A lot of work. We are also delighted that secretary of transportation elaine chao is here. Where is elaine . Hi, elaine. She is busy, doing a fantastic job. Thank you. Deputy secretary
Its an ugly day on wall street, all major averages are down 2 . The dow wiping down 900 points in just two days we are on track for the worst start to the Fourth Quarter since 2008 and tech, one of the worst performing sectors today, check out some of these moves, microsoft, apple, visa, cisco all under pressure for more, lets get to bob posani a slowdown, not a recession thats a consensus will change the way you look at things a week consumer would second the country down for an Early Warning sign, ive been watching these big consumer stocks that have done well the last few years doubledigit gains here, theres some cracks showing. Starbucks has been weaker in the last month its down about 12 . That may not be surprising given how china is in its portfolio. You see some of the consumer giants here. You can argue, go to the defensive stocks these stocks have had large runups this year. That play has already happened these are very expensive names right now, coke, kimberly clark, Procter