Welcome to squawk alley. The founder of aol ventures is with us. John, its good to have you back. Jon fortt is out today but Kayla Tausche is here. The dow is down about triple digits. A few select companies are driving whatever gains we have in the nasdaq composite this year. Six companies, amazon, google, apple and gillian account for more than half of the 64 billion in value added to the nasdaq composite in 2015. The concentrated gain in a few stocks is boosting concerns of dwindling leadership, a market top, some say. The nasdaq itself is up about 7 so far this year. And i think if you take out amazon and google, john, even the s p is negative year to date. People say classic sign of an aging bull market. Is that legit . Certainly a ton of consolidation and thats reason for concern in a business that is concerned. Youd rather have more diversification of broadening. Im not sure if its a causation or a warning sign. Im not ready to show impending doom yet. Jim cramer, of course, coi
European equities everybody is keying off everybody. Again red arrows pretty much across the board and finally can you look at crude prices right now. Wti terrible session. When we were talking yesterday we were up 40 points in the morning. Funny way things happen. Theres sort of a premise and maybe its correct among democrats or people who favor hillary that trump would be a disaster for the stock market and sell off. Its funny when you see the market go down yesterday for whatever reason, uncertainty or whatever, it becomes oh, its uncertainty. You think its because maybe now trump can win . I wont go that far. Its uncertain. A Hillary Clinton win because more uncertain. Really in the past two days the likelihood of donald trump winning not two days. Five days. More than that. Two weeks. Whatever length of time you want to give it his chances have increased whether you think they are substantial or not clearly the market thinks they are substantial. And i have i know you disagree but
United continental ceo says he will return to the airline next year. He suffered a heart attack a month after joining the carrier. Now, details of a sweeping pacific rim trade deal are out. The Transpacific Partnership agreement runs hundreds of pages long. It lays out plans for handling trade from Railway Sleepers to live eels. It also sets the stage for extended debate in u. S. Congress before ratification. Mars orbiting spacecraft has discovered the sun likely brought the red planet of its once thick atmosphere and water. Scientists say erosion of marss atmosphere increases significantly during solar storms. It would have been enough to get the atmosphere from a moist, warm place capable of microscopic life to a cold, dry desert of today. That is your first word news. We have more on this and other stories 24 hours of the new bloomberg. Com. Lead, while disney shares, flat after Fourth Quarter earnings. Sales rose to 13. 5 billion. Profits increased to 1. 6 billion. The results foll
We look at the reality of a Virtual Currency come back. Lets check in on first word news. We want to start with u. S. Stocks, ending trading lower today. Investors were hesitant to make a large bets before the jobs report. A bank rally helped erase decline marked by a selloff in valeant pharmaceuticals. Commodity weakness also holding back stocks for the second day in a row. United continental ceo says he will return to the airline next year. He suffered a heart attack a month after joining the carrier. Now, details of a sweeping pacific rim trade deal are out. The Transpacific Partnership agreement runs hundreds of pages long. It lays out plans for handling trade from Railway Sleepers to live eels. It also sets the stage for extended debate in u. S. Congress before ratification. Nasas mars orbiting spacecraft has discovered the sun likely robbed the red planet of its once thick atmosphere and water. Scientists say erosion of marss atmosphere increases significantly during solar storms
Our road map begins with a trio of deals in biotech, personal care and food. Hp ink and hewlettpackard enterprise began trading as separate companies today. We will speak with meg whitman a bit later on in the show. And visa shares lower after reporting a mixed quarter, a buy back and a purchase of visa europe. A lot for investors to digest. A lot of deals in the spotlight, including Treehouse Foods agreeing to buy conagras private brands business. Results from likes of a facebook, tesla, Media Players like disney, cvs, fox. The nasdaq the biggest gainer. The question now, jim, whether october has had not good but great gains, almost every year this decade. Is it going to rob some of novembers seasonal strength . I dont know. I think earnings season is still on. I listen to what youre saying. Lets mention treehouse. Treehouse is a very good company. Theyre going to be able to take that private label nonsense from conagra and turn it into lemonade. Treehouse is the best at this private