Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
Daughter sherri and the ceo and leader of viacom Phillippe Dauman. This morning he has filed a lawsuit just moments ago along with George Abrams in the massachusetts probate and family Court Challenging changes purportedly made to the trust arrangements by an attorney claiming to represent mr. Redstone. In a legal complaint, these two gentlemen, mr. Dauman and mr. Abrams who again have been removed from the trust that oversees the stake in National Amusements that in turn controls viacom and cbs, they are going to the court saying they want immediate judicial relief and a court ruling to invalidate the purported removal of them by mr. Redstone as trustees of the trust and also invalidate the removal as well as directors of National Amusements. They would assume then want him, that is mr. Redstone, to be deemed potentially incompetent and not able to make decisions. And very harshly worded language, guys, that accompanies this lawsuit. In a press release i just received Phillippe Dauman
Two great Leadership Groups taking over. I was looking at the stocks today beaten up, and the fundamentals are beaten up as well such as the rax space, and microsoft and intel and going down the list and the few that are not moving. And cisco, and the chips and this is what jim krcramer said this morning. There are two types of tech, tech that is cloudrelated and the digital seagate and microsoft, and we had a positive piece about microsoft, and positive talk from cowen saying to get ahead of Western Digital before the earnings, and this is a tech rally, and the cloud and the Old Fashioned tech and it can occur. Pete . Well, last week, we saw the cisco numbers that were outstanding, and looking in the transitionary level right now that we have been talking about with microsoft, and looking at the name, security, cloud, and this company with a great number and looking at the growth, incredible, and then moving to the salesforce which crushed it last week and then yesterday apple and the
Yesterday when protestors jumped on police cars and smashed through window and fought with Trump Supporters and police last night. We are also waiting on senator Bernie Sanders who is expected to hold a rally in california at any moment. He attacks the disney ceo who makes 646 million in compensation. Theres a lot going on the political front. The clinton campaign, though, frozen today by a new state Department Report that says the former secretary of state broke federal records rules by using her personal email servers. A Political Panel tell us if or how bad it could hurt her campaign. Venezuela, south americans economy in freefall, riots in the streets. What is going on there . In a fox business exclusive, we asked a former u. S. Embassador to venezuela Patrick Duddy how close venezuela is to descending into outright disaster and whether itll split and spill over into other countries, lets start the countdown. Liz for those who fear the fed, youre missing out. Right now on a two day
Are desperate, he says. Politics, donald trump is all in with protectionism and reverse 50 years of trade policy and import duties he says for america. And hes catching up with hillary in the polls. The benghazi report says she knew it was a terror attack and publicly blamed it on a video. Money, politics, terrorism, and months to a new president. Varney company is about to begin. They probably think were weak, were stupid, we dont know what were doing. We have no leadership. You know, you have to fight fire with fire. We have people out there who are so vicious and smart. Stuart donald trump talking tough on terrorism right after the attack on the airport in istanbul, turkey. He says its time to take the fight to them. More on that in just a moment. First, take a look at this. Another higher open for stocks this morning, dare i say the markets are kind of slugging off the british exit and the istanbul bombing . Well be up 128 points in 20 minutes time. How about the s p indicator . Th