Ahead of remarks from fed chair jay powell on thursday. Investors are interested in the path forward. It is day two of the public and national convention. And mike pompeo on the list to speak tonight. Abigail doolittle has been watching the back and forth. Lots of earnings after the bell, new record highs. What are you drinking . You tracking. Abigail those earnings, right in the hub of technology. Hewlettpackard up 6 . Seeceo is saying that they robust demand driven by big data. Down 2. 8 . E company this may have something to do with the subscription model. We will have to look at that as more information comes out. Right now, a little bit of a decline in after hours. T also up sharply, up five point 6 . They beat the earnings estimate and revenue nearly doubled yearoveryear. Some of these tech companies, the stories of the haves and havenots. You were mentioning record highs during the day. That was the case. It was a mixed close even with those record highs. Index of the Mega Cap C
Limits on u. S. Portfolio flows into china by delisting companies here in the u. S. The nasdaq is down by more than a percent. Take a look at the chinese stocks alibaba sitting at session lows down by five and a quarter percent. Eamon has been following this story and joins us reporter my understanding is those reports that cross earlier today got the markets attention are accurate the white house is considering measures that would limit port po folio flows from the United States into the Chinese Companies but and theres a big caveat here. Its a lot of different ideas on the table. Its not clear when a decision would be made or what that decision would look like or what the mechanics of this would be how could this play out in theres one option already out there thats been under discussion thats a proposal for a number of senators. You see them here including senator marco rubio of florida called the equitiable act. What that would do if passed is allow u. S. Regulators to have access
We look at the opportunity that awaits. Vcs and executives will meet in Silicon Valley this week to discuss whether the system for ipos is working. Could there be an easier solution . But first, to our top story. Facebook Ceo Mark Zuckerberg is ready to take on the u. S. Government if Elizabeth Warren wins the presidency. This is from leaked audio obtained from beverage about zuckerberg during a july meeting with employees. Mark if Elizabeth Warren wants to break up the company, i would bet we will have a legal challenge and i will bet we would win the legal challenge. So basically, does that suck for us . Yeah, i mean, i dont want to have a major lawsuit against our own government. That is not the position you want to be in. You know, its like we care , about our country and want to work with our government and do good things, but at the end of the day, if someone is going to try to threaten Something Like that existential you go to the , mat and fight. Taylor zuckerberg also spoke on
Street really is power lunch starts right now and we do welcome you to power lunch. Im bill griffeth, were going to look at where the markets have been standing today we have been in rally mode for the most part, but as we all know from last weeks epic volatility, things can change very rapidly with any particular headline, but as you see, more than 1 gains for all three of the major averages nasdaqs wiping out last weeks losses at this point the s p, thats still 3 from record highs but you can see that some of the safety sectors have been hitting alltime highs today as bond yields rebound we have Consumer Staples, real estate, and utilities doing very well today that means theyre expecting even lower Interest Rates. I would imagine, melissa bill, thanks. As you mentioned, stocks rebounding bond yields also bouncing bab. Whats behind these moves . Lets get to bob pisani at the new york stock exchange. Important thing here, its been quite a rally in the last couple days. Look at some of
In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as well. I mean, i know they had put a hold earlier when huawei got added to the intent tis list here in the u. S. Is ther