15. 8 . The expectation was 14. 5. Kind of a mixed picture. It seems like that export picture will be the same. Butct here in large part, asia demand will be the big question as that is expected betty the biggest is a good segue to ask you about some of the asian Tech Companies. , know we have got this chart talking about amazon with a nice comparison with amazon still huge in market cap against the big asian Tech Companies like alibaba and tencent. Do you see Companies Like that following the lead of amazon . Mark i can cover alibaba, they surprised the market two weeks ago giving and outlook for almost 50 . They are benefiting from some of the same growth amazon has in the past, different ways of facebook and google. They are doing it in a market where they have an unusually strong market share. Alibaba china is greater than amazon, and it can sustain at those levels. I dont think i think the valuation is good for both sides. The basic underlying driver is you have secular growth wit
I am will fred frost. And i am sara eisen lets get to the Global Market picture on friday, essentially margts were flat end, dow s p as a whole, down around 1 . The dow was up half percent, s p flat as far as sector performance, tech the worst, down a for the week as a whole on friday itself energy was the sector that outperformed up a percent as all prices rebound toward the back end of the week have a look at what futures are doing, higher by 74 points gains in europe and asia at the moment more on those in a moment. British pound for you this morning holding just above the flat line, up about a quarter percent. 128. 04 brexit negotiations begin to take place also because of a developing story out of london. We will come back to markets in a moment a man drove a van into a crowd near a mosque in london. Reporter good morning. Unfortunately this is an all too familiar sight in central london, fourth attack in the uk in less than four months what we know is shortly after midnight, a ma
Good Tuesday Morning welcome to squawk alley. Were at the New York Stock Exchange joining us this morning from palo alto, cofounder roger m k mackname is google hit by this fine by unfavoring the search results over rivals . We talked to the eus commissioner for competition earlier this morning heres what she said well, the fine is a reflection of the abuse and how long the abuse has taken place and, of course, the importance of the Different Actors in this market and we find this abuse has been taking place since 2008. But also that it has taken place in every european country where google shopping has been ruled out. And that, of course, is a very serious matter and that is reflected in the level of the fine. Our google, roger, would argue it is also serious although they say they respectful respectfully disagree and are considering option onz appeal. What did z. This mean . I think, carl, there is an interesting sest tests coming in front of us. First of all, google, facebook, amazo
Insurance work like Car Insurance . Would that solve the problem that debate is on tap as power lunch starts right now. All right, welcome to summer, everybody. The Summer Market as well. Stocks in a narrow range energy, though, the best performer in the s p oil doing something it has not done in a while, rising for a fourth straight day. Financials also doing pretty well the big bank etf, the kre and the kbb both near session highs. Theyre on pace for one of their best shake shack higher, despite a note from Goldman Sachs saying earnings could take a hi because of all the rain weve had in the northeast goldman noting shake shack has heavy exposure up here many locations have outdoor seating. Also, darden rallying on its earnings beat, the restaurant chain raising its Quarterly Dividend 12 tyler. Welcome, everybody. Im Tyler Mathisen and heres what else is happening this hour fed chair janet yellen speaking in london on the state of the economy. Shes expected to take questions. Will sh
Coast and bay. Wood enjoying breakfast this morning in inverness. 58 and overcast. It is overcast on blossom hill and warmer at 62. Yesterday was 78 degrees. I dont expect it to be much different today. Maybe 79. Low clouds in place and filling in nicely. In fact, temperatures starting off in the 40s, 50s, 60s. Average 67 in San Francisco. So above on both but not too much. 50s and 60s have been the norm all morning long due to the cloud cover. Woodside at 49 degrees. 55 seems popular. Hillsborough in there. Atherton. Menlo park. Stanford, los altos hills. Pacifica, 54. West, west, west. You get the idea. The west wind is in place. The low clouds will burn back and we will have 60s, 70s and 80s. These are below average, the inland temps. 7 01. Sal, how is the traffic. Lets talk about the east shore freeway and talk about the traffic time. 31 minute drive between the carquinez bridge and the macarthur maze. Not a bad one. Slowing in richmond and el cerrito. Gets better by the time that