Usmca, china, theres a lot in the mix today. There sure is as we start squawk alley. Glad to join you carl and deirdra bow is a also with us this morning major indexes still higher, though the dows best performer over the last quarter was apple so, we can continue to watch that stock as well its been interesting, deirdra, to see this move in apple over time thats where were going to start. The dows best performer again over the last quarter. In the midst of this platform shift right now, we have to see whether they can continue this momentum as we head into a Holiday Season where the headlines are questionable whether theyll be able to churn out enough of the 5g iphone based on production delays that theyve encountered in the midst of the coronavirus absolutely. And its not just apple, right, guys tech had a big quarter at large. Youve seen them lead the way once again, although alphabet little underperforming so youre starting to see more breadth in this market one of the major questi
Im also watching pinterest which has also moved higher, starting around 10 30. Im not sure what its about either, but i cant help and look at facebook and note theres no such bump in that stock. Facebooks barely higher so it makes me wonder if perhaps the news around some civil rights related groups being disappointed in facebooks progress in some areas lack thereof in addressing some issues that they would like to see addressed. Talks again of potential facebook ban those things dont always materialize. I guess facebook lets see, were showing a longer chart there in facebook. Today in the intraday action it has not moved higher maybe theres some hope. Theres the facebook daily chart. Its actually moving lower starting at that 1030 mark maybe theres hope among investors that some of those advertising dollars, some of that engagement moves off facebook to those smaller rivals, carl yeah. We talked to levis chip berg and he was unekwifable looking for concrete action in terms of changes
Here joining us is chief Investment Officer of the Minnesota State board of investment. Good morning. Good morning, john. How are you . Im doing pretty well i hope you are, too. So, a lot of people trying to figure out what to do with this market your philosophy is to buy the market and not individual equities but this market has been kind of funky i wonder does big techs increasing waiting say in s p 500 concern you . How do you get as diversified as you want to be no. As i said, i mentioned before, we dont look at sector by sector weve been longterm investors and for the most part we buy the market you know, domestically we own the russell 3,000. We do have active managers, but the vast majority of our portfolio is passively managed our equity portfolio is passively managed, same on the International Side so we probably have most stocks that are available to us. Thats done pretty well for you. I wonder with this disconnect between the economy and the market that were seeing does that
Wind gusts 55 miles per hour. Heavy surf along the coast. Thats beach erosion, as well. Sunday evening, and now look at this heavy flooding, 7 inches or more. Still a category 2. Thats 110mileperhour winds. Strong winds from maine to the kier carolinas. On monday, were still dealing with this. Its a threat to the northeast. If this model holds, its a threat for the northeast. Again, guys, it depends on this track. Its really interdependent on the track. Were going to continue to run go. Did you tell deborah and the kids youll be spending a lot of time here this weekend . Uncle daddy already. Thank you so much, al. Another big story were following. Overnight, russias war planes syria. Its coming despite criticism and scepticism from u. S. Officials on the targets of the bombing campaign. Ash carter was blunt, saying its like pouring gasoline on a fire. Good morning. Reporter good morning. The russian and u. S. Militaries are set to hold talks, quote, as soon as possible, to try to avoid