Good morning to you and thank you for joining us and welcome to mornings on 2. Im dave clark. Good morning, im pam cook. Monday morning, august 24th. So nice to be back with you dave clark. Welcome back from vacation pam cook. Thank you. Thank you. And rosemary is here for steve today. And boy, i hope we will get some relief for the firefighters and everybody around the bay area. It has been hot and windy and smoky. Oh gosh. I know pam. Good morning to you. Welcome back. And yes, i think moving forward we are going to see temperatures come down a little bit more. The marine layer will continue to deepen so that is a bit of news that is good. This morning getting a few scattered showers. Not much accumulation. But we welcome any kind of rain. We do not want to see the thunder and the lightning. So far it has been really really quiet. Here is a look at stormtrac are to where you can see we have some white shower activity. We will start right around the bay bridge where we might have a fe
Our road map begins with 5 ge, its a big rebound next year shares are rallying. A pushback when a study finds elizabeth warrens palestinian would be nearly 30 less than projected. That tariff deadline is looming as the president prepares to meet with top trade advisers today lets begin with apple shares are down more than a percent on the heels that credit swiss saying iphones did drop 35 in coin. Analysts warning of the ongoing tariff threats they do couch it, jim, saying there is some seasonality. The timing of the calendar slightly up. The second double g digit in a row. They do, an important photo they talk about tariff costs will cost 67 more in the United States for an apple phone. This is definitely a negative. I always say own it, dont trade it i need to know more. I know a lot of these different surveysent whats really going on in china is inaccurate. The narrative implies the Chinese Government doesnt want you to buy apple when i read this, thats certainly how i feel they go
The senate floor republicans making lastminute changes to the tax bill before voting begins, and its 11 00 a. M. Here on wall street squawk alley is live good morning, welcome to squawk alley. David faber, Morgan Brennan joining me here this morning carl and sara have the morning off. All right, lets get to the markets this morning kind of a mixed morning for the major averages, following yesterdays recordsetting session which saw the dow break through 24,000 for the First Time Ever on its first daily performance since early march. The nasdaq the only one of the major averages that is in the red right now. The s p had been down most of the session, but recently went into the green beneficiaries of tax reform, certainly, a part of that. Joined right now by brian beltski, as well as Portfolio Manager tony crisenzi. First, a lot of whats been driving the markets is, what i said, expectations we will get a vote on tax reform and it may be one that passes the senate lets get to you monitori
Remember all the talk about airbnb hitting hotels stocks theyre all at 52week highs well explain why this might be the undisruptable space. First, another record for the dow. It was by the classic american stock hitting new highs, boeing up 67 caterpillar 38 . Walmart up 24 , just dollars away from a fresh record how much further can these dow darlings run do you keep buying these classic american stocks even at record highs . Pete what do you think . I think some of these names, absolutely if theyve got the growth or if theyve got something within the Balance Sheet that makes sense to me. I was given flack about this one, it will continue to go up, boeing when you look at this name, we talk about the banks all the time, its a price versus book, right . Were always looking at these various ways of looking at things its not necessarily the pe value. With boeing you have to look at the operating cash flow. If you look at that for bowing, youre looking at a company thats 18 times, compare
42 in wilmington and 45 currently in wilmington, so cool enough for coats everywhere across the region. Hey, at least the winds arent all that strong. We got a 10 Miles Per Hour breeze in wilmington but most of us are either calm or in the single digits. Get a good coat, good sweatshirt is and youre ready to roll today. 2 oclock 47 degrees, by 4 oclock 46. We have a shot at a high around 3 oclock of 48 degrees if we can thin out these clouds just a bit. By 6 oclock down to 41 and we will see some overnight clearing but it comes at a price. Were going to really start to see those numbers drop and 37 degrees by 10 oclock, were expecting an overnight low around 34 in philadelphia and some suburbs could actually wind up in the mid to upper 20s by dawn tomorrow. And there is the possibility of some patchy fog guys as we get up tomorrow morning. If thats the case i have a concern that cold surface temperature mixing with the water droplets from the fog rick could potentially give us a proble