Territory in a single trading session. For some, it was even worse than that check out shares of apple down it lost 180 billion in market cap. That is the largest oneday lost for a u. S. Listed company on record if that isnt enough to get your attention. Apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s p 500 it wasnt just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. Microsoft down by 115 billion amazon off by 93 billion. This morning, things look a little better. You still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. We have to keep that in context a few things in here as well talking to people all day yesterday, here is the list. Youll want to know exactly what happened it was the nasdaqs largest drop you dont go up 400 and down that will be highspeed trading. That would matter until they do. Va
So i can understand in our viewers going to spend why does the United States remain in afghanistan after the president of the United States running on a campaign a campaign trying to get out of afghanistan were almost 4 years later were still there so why are we still there if you will obama was going to get out of afghanistan as well remember it was a dumb war. Well look the answer short answer is that they cant theyre not in control. No president s have to do what we call the National Security state or deep state requires and if you look at a map youll see that afghanistan is very strategically located by close to china quite close to kashmir to say where theres all kinds of gas and oil prices so its a matter for the military and the people who she is vanished and making sure that we can police the world those people that are in charge its very. Very clear now that even of president morsi get out of a place like afghanistan he can the height of hypocrisy of course if he was the a sto
Afghanistan as well remember it was a dumb war. Well that the answer short answer is that they cant. Theyre not in control. No president s have to do so what we call the National Security state or deep state requires and if you look at a map youll see that afghanistan is very strategically located right close to china quite close to kashmir to say where theres all kinds of gas and oil prices so its a matter for the military and the people who she is vanished and making sure that we can police the world those people that are in charge that is very. Very clear now that even of president morsi get out of the bush like afghanistan he can the height of hypocrisy of course he was the a story that the New York Times highlighted for the last week that russias were hoping bounty for for Afghan People killing u. S. Soldiers. There was no evidence for that and then the New York Times and you know giving hypocrisy a bad name came out with a major editorial say dont let this stuff withdraw from afg
And allied forces day in afghanistan. To discuss this and more im joined by my guest ray mcgovern in raleigh hes a former cia analyst and president ial briefer and in lansing we have steve gerber he is the host of this earth are joining us now cause and effect that means you can jump an economy wow and i was ok let me go to you 1st here are mikes discussed a lot in my i have composed a lot of questions of mind reduction but lets start with out a list and it speaks only so i can understand in our viewers going to spend why does the United States remain in afghanistan after the president of the United States running on a campaign a campaign trying to get out of afghanistan were almost 4 years later were still there so why are we still there if you will obama was going to get out of afghanistan as well remember it was a dumb war. Well look the answer short answer is that they cant theyre not in control. No president s have to do what we call the National Security state or deep state requi
And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in