Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Ever so slightly, he can see the dow up 12, the s p downtown, the nasdaq down two tenths, Global Growth underway as chinas property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board ecommerce giant ali baba njd. Com among those moving much slower today as well as ev maker nio, kneel down down 7 , at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. Many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. That is the fear. In a rare move Cybersecurity Firm Palo Alto Networks is reporting after the close of markets today, the stock is up 1 , could a friday afternoon Earnings Report be an omnibus sign for palo alto yet market, there has been a lot of speculation we will find out soon enough lets get
Farmers to respond to Avian Influenza on their facilities. Biosecurity is a term that describes every day and emergency disease processes a farmer uses to prevent and control diseases. It is probably the single greatest weapon that we have against Avian Influenza. Unfortunately, biosecurity is not consistently applied by all farmers and all Poultry Companies. We need to look at, as far as number two is concerned, a few aspects of our current Emergency Response plan so we can respond more quickly, more rapidly to an incident. We can get into that a little bit later. Number three, provide an Insurance Program for poultry farmers who contract with Poultry Companies to raise their flocks. Dr. Clifford mentioned indemocrat any fictionindem ni indemocrat fictions that have been paved. Thats very important. They may or may not receive those indemnification. I think we should look into this seriously. Vascy nation for controlling Avian Influenza in poultry requires very serious consideration.
Disease in virtually all of the countries around the world. I was just impressed as i walked through the poster sessions at aaic how many of the posters were researchers from korea, thailand, china, japan, et cetera, who were coming here to washington to share their knowledge and their perspective on the disease. Its a global disease, for sure. Its not affecting western countries. I want to throw one more question in here which is in terms of having a National Plan and harnessing all of the different groups working on this from the Research Community to big pharma to universities, government, et cetera. Three years ago, the Obama Administration released a National Plan to address alzheimers and the goal was struck me as exceedingly ambitious. By 2025, so in ten years to be able to prevent and effectively treat alzheimers disease. Does that strike you both as realistic . Ten years . The way we look at it its an aspirational goal. We absolutely want to be there by 2025, and i think the e