Thats starting to play out in what weve seen in gasoline prices. Michelle . Among the top stories, cybersecurity is in focus. SeaGate Technology has been hit by hackers. A fishing email scam resulted in the Data Storage Firm releasing tax information, salaries and their Social Security numbers to an unauthorized third party. Seagate tells cnbc that the data was sent by a seagate employee who believed the phishing email was a legitimate internal company request. Apple mac users have been targeted by ransom ware. What happens is the software steals your files, encorrupts them and then asks you to pay money to get your data back. The asking price for infected users in this attack is one bitcoin, which at this point is about 400 bucks. We told you on friday that amazon decided to drop encryption from its fire operating system. Now the company is backtracking saying it will restore the encryption after customers and privacy advocates complained. People inside and outside of the world of pol
U. S. Equity strategy at jpmorgan to talk about where the market goes. The coolest on wall street. Reminds me of dubrovnik. Melissa ran through the two month charts which look very impressive. You look at the dow over the last year and the s p over the last year, it feels like we have careened higher and now were back to this level that we keep fighting up against, whether it is the 21,000 leave, the 18,000 level or 2100 level. Where do we go to from here . So market had impressive rallies since february lows. Up 13 , 14 . I would say probably most of this has been driven by short covering. Technicals i think for most part at this point have run their course. Investor positioning adjusted, equity multiple is pretty much at the highs around 72. 5, so i think in order to turn more constructive from these levels on, you need some form of fundamental catalyst and some form of earnings and reacceleration. To me that pretty much means we need more dollar weakness. If we dont get that, i just
Minnesota but swept puerto rico with 23 delegates. Here is the current delegate count for the gop candidates so far. Trump, 384, cruz, 300. Rubio 151 and kasich at 3037. This is four state contest. Michigan puts donald Trump Rust Belt appeal to the test. Cruz has 17 and case i can at 10 . We do want to listen in for just a senator rubio, giving hills address in florida. Straightforward, a vote for john kasich or ted cruz in florida is vote for donald trump. Im only one that has a chance beating donald trump in florida. If you dont want donald trump to be the republican nominee you have to voight for marco rubio. [all talking at once] lost debate, up donald trump talking about spray tan i only did that couple times. Donald trump is bully. He likes to bully people. He is running roughshod over the people. Every time he says something vulgar the press gives him extraordinary amount of coverage. Unfortunate that is being rewarded in politics. We made our point. He likes to insult people. T
Temperatures and higher humidity is all really helping firefighters get a bigger containment on the valley fire. I spoke to a guy today that lives in Hidden Valley lakes. He said todays rain is a blessing. Hidden valley lakes is about 10 miles north of middletown. It is a private gated community. We went in there and drove through it for the first time today. All of the houses looked intact. Then we got to powder horn road. That is where we started to see the devastation. Especially at the intersection of indian rock road. The house there are completely destroyed. It was very interesting to see. You could tell the fire was very spermatic. The man we spoke to actually stayed behind on saturday night to protect his home. He said he waited all night with his son using water hoses and shovels just to basically put out the embers that were falling from the sky. It looked like red snow coming down with all the embers. It was just landing everywhere. That is what saved us, we would put them o
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing our sales to china as they can buy in europe. That gentleman i