New data and uncertainty over tomorrows opec meeting. Well be leave in vienna with the latest porsche is unveiling a new model today. Ceo will be joining us in a first on cnbc interview coming up but while the dow and s p started off the session with alltime highs yet again, the nasdaq has been falling all day and Companies Like netflix, apple, amazon, theyre seeing big declines bertha combs has the news. So are the big tech cap stocks, investors calling it the great rotation today theyre taking profits on names that have run up so fast look at autodesk thats a case in point today, trading at alltime highs yesterday, tumbling on an earnings missed also announcing a 13 work force layoff, thats sending some jitters as well in tech. The biggest source of pain though overall is the sector now the Semiconductor Index has been leading the charge to alltime highs here at the nasdaq the index closing at a record high led by micron and invidia, both doubled this year invidia today seeing a chal
To fuel the countrys economy and military. [sachs] typically, American Foreign policy like British Imperial Foreign Policy before it, paid a tremendous amount of attention to securing oil for the economy. That includes who we have befriended, but it has also included us launching wars; stationing military bases; engaging in coups and orienting a massive amount of our Foreign Policy around oil. [mcnally] by world war one, oil was transitioning to becoming the lifeblood of modern civilization. If electricity is literally the circuitry, without which modern life is impossible, oil is the lifeblood. [jacobs] its both vital to our economy and its vital to our military. And that became true once we switched to an oil based military. [narrator] in recent years, the us Energy Revolution has shifted the geopolitical balance. [gordon] this is a new state of affairs. This was not happening a decade ago, but today 80 percent of the oil in america is sourced from north america; from the continent.
A steady supply of energy is needed to fuel the countrys economy and military. [sachs] typically, American Foreign policy like British Imperial Foreign Policy before it, paid a tremendous amount of attention to securing oil for the economy. That includes who we have befriended, but it has also included us launching wars; stationing military bases; engaging in coups and orienting a massive amount of our Foreign Policy around oil. [mcnally] by world war one, oil was transitioning to becoming the lifeblood of modern civilization. If electricity is literally the circuitry, without which modern life is impossible, oil is the lifeblood. [jacobs] its both vital to our economy and its vital to our military. And that became true once we switched to an oil based military. [narrator] in recent years, the us Energy Revolution has shifted the geopolitical balance. [gordon] this is a new state of affairs. This was not happening a decade ago, but today 80 percent of the oil in america is sourced from
Good monday morning, welcome to squawk alley, im Carl Quintanilla with john fortt, Courtney Reagan is with us for the hour lucky to have her on a busy market day dow up 238, s p up almost 12 off the highs of the morning, but, obviously, on the heels of tax reform optimism. House and Senate Working to get something to the president s desk before the end of the year. A number of dow components hit alltime highs today home depot, mcdonalds, jpmorgan, and 3m thats just a sampling John Leibovitz joins us. Guys, happy monday not exactly sell on the news not exactly i think a lot of expectations was it was going to be a buy the rumor, sell the news i think part of it might be we didnt get the plan until late friday night, early saturday morning, but that said, based on the rotation we saw within the market away from large, towards mid and small, away from growth towards value, its been a pleasant surprise things have continued to move today the way that they have david, would you advise inves
Meeting will focus on implementing a cease fire deal brokered by russia turkey and iran because that Foreign Ministry says the talks will also address issues including the clearing of land mines and the release of hostages in syria. Those are your headlines the news continues here on aljazeera after artscape stay with us. Al jazeera is swear every. Twenty First Century africa a continent undergoing great change and finally seizing control of its gimmick but its been a long box on that yes i go for dog i feel was a colonial to keep going after a while about the place nice. Im not somebody independent up interested in the postcolonial good for photographers like my dicks the big shot that you call for us. But elsewhere the narrative was of a call on manageable content often with two ft to just one its. Not a new generation to see a photographer to celebrate to question and represent a continent on the rise but. I misjudge a city my photograph of life or the graffiti is only a broad range