Lunch begins right now. Im melissa lee coming to you from miami it is the tech event of the americas with us on the show today forget walking into a bank, this company is completely disrupting the way consumers now get loans, instant loans. The ceo of green sky is with us. Plus our exclusive with the ceo of sprint. Well weigh in on merger speculation with tmobile. And personal final guru suze orman will be along as well. Lets take a look at the markets this hour. The nasdaq continues to be the story today. Right now the techheavy index is down about a full percent doing the worst of all three major averages apple is a big reason why. The biggest, down more than a percent more than the next weakest sfok, united health. The stock getting another downgrade today, the second in a week for unh netflix, microsoft among the big tech laggards on the day ge investors making more than 3. 5 today this, of course, after Ceo Jeff Immelt announced he will be stepping down after 16 years at the helm
Cramer, faber is off president is in wisconsin, surp positive, yields tick up on decent core ppi. Tech stocks taking a tumble. Treasury is out with its plan to loosen Bank Regulations and is the worst over for under armour . The stock having a nice bounce after the warriors take the title. First up, tech stocks looking to rebound from their worst twoday streak of the year jim looking at some of the percentage declines for fang, somewhere in the 4 to 5 range. What happened is you didnt get followthrough other than the negative apple you got a downgrade of adobe that lasted for about 30 seconds. There were no substantive calls and by the way no preannouncements that these great tech selloffs that weve had there usually is a linkedin tableau data, upgraded today by goldman. Theres something to hangon to which says tech has slowed down but we didnt get that, which made it so it was more of an air pocket than it was the beginning of some gigantic rollover. Just didnt get it i was looking fo
Average in the park. New york city plague uses a President Trump lookalike for the role of the assassinated Julius Caesar. The fallout as delta and bank of america will hold their sponsorship. Uber under fire. The board of directors to unveil a massive shakeup followed an investigation into Sexual Harassment scandal. Sever part of a Ceo Travis Kalanick could take a leave of absence while another executive could be out of a job. Details ahead. Future showing the start of a week. The dow closed at a record high on friday. The nasdaq stocks, facebook, amazon, netflix and google were in the dumps on friday. We will dig into that later this hour. Europe stocks lower across the board. France and germany to and germany to take a slower speed the cac courant. Markets were all in the red as well. A one and a quarter loss on the hang seng. You see right across your screen to start this week. A massive heat wave strike in the u. S. Recordbreaking temperatures from omaha to new york city. What you
Treat the selloff as a buying opportunity or is this a signal that the whole market is due for a drop and big tech was just the start . We will watch this unfold. Now, here is a dilemma for democrats. Is it time to rein in the extreme and now obscene criticism of President Trump . Outrageous examples of both this weekend. At taxpayer expense, shakespeare in the park, showed a trump look alike being stabbed to death. Two pulled back and one did not. And gillibrant used an fbomb as she described the poles. And so welcome to the show. Are you buying the dip or the increasingly vicious attacks on our president . Varney company is about to begin. I can see people selling at those very high prices on the fabulous five and rolling some money into lower technology companies, which havent yet had the pop. Well, that was me on friday, suggesting that maybe the big name tech stocks would be big selling point, as people moved their money into other stocks. That did happen. Big tech names, they too
Work. I have been dragged down in the where we met with the oecd and wto both and the message was similar to wilburs. Deficits do matter and are they coming down . I know they are. Mr. President , thank you for the opportunity to serve in sb a. I can tell you i have not been traveling internationally. What i continue to hear optimism for Small Businesses higher than it has been in 16 years. People returning to the workforce, a lot of them are because Small Businesses are creating new jobs. Portfolios are up. Machine toring and our outreach with score and other programs are so successful. Were on a good trajectory, and still a lot of work to do. Thank you. On behalf of the entire senior staff around you, mr. President , we thank you for the opportunity and blessing you have given us to serve your agenda and the American People. Well continue to work very hard every day to accomplish those goals. Honor to serve the cia director. Incredible to lead and men and women to lead the National S