Can turn this around. Both democrats have events scheduled into the evening. The first polls open at midnight. Danielle nottingham, cbs news, new hampshire. Thanks danielle. And with the nevada caucuses starting in less than two weeks, be sure to stay with channel two news on air, online, and on facebook and twitter for continuing coverage of campaign 2016. Now heres mike algers first look at the pinpoint 2 forecast a large ridge of High Pressure will settle in over the west coast for the next week, giving us very warm, though not record setting temperatures. Sunny skies and high temperatures in way to a few clouds midweek, but temperatures will stay up in the 60s into the weekend, with lows near the freezing mark. Winds will generally light throughout the week. Sparks police are investigating an alleged Armed Robbery at a casino early this morning. Police responded to reports of the robbery around 4 oclock this morning at the alamo casino at 1950 greg street in sparks. Police say one
Good monday morning. Post nine kicking off. We have tech reporter joining us. Good to have you back. A lot to get to. Tech stocks looking to bounce back from a rough month. Nazi in the green today, down three weeks in a row. Entering correction territory on friday. This is the first three week loss for nasdaq since january. If you werent facebook or amazon, it was a tough quarter. What happened . I mean pretty much as you said, every other tech company other than those two had troubles, for different ones, sources were different. We saw a number of Companies Still hit, ibm, intel. And different problems. Apple iphone sales have stopped growing. This is kind of a huge question for them going forward, whether to do anything else to boost sales for iphone and for the rest of the company for other product lines. Thats the big question for them. We will get to apple in a bit. External dynamics outside of tech, the dollar, if youre bullish, reversing course not reflected in q1. Theres a coun
Changes are taking applauplace. Well go there live in a few minutes. The ceo of the lending club is out and the stock is falling very hard in the premarket. We will give you the latest. And donald trump saying the rich will probably pay more taxes if hes president. Will support shift now that hes backing earlier proposals to reduce taxes on all americans . Futures are off the highs of the morning following a down week for the markets, one which saw the nasdaq dip briefly into correction territory. Growth in the mix, a bigger than expected drop in chinese imports and exports last month. Overnight, shanghai fell by almost 2. 8 . Imports down 10. 9 , was a bad miss. Then we had these ongoing concerns about them pulling back on some accommodations. Yeah. Look, china and oil both negative today. This china situation looks like there wasnt a lot of speculation, obviously, buying these commodities. Now, i still believe that the domestic markets better than people think, but was it a blip up .
From 770 to 1,000. They see e strong trajectory from the retail to cloud. They say that amazon is so profitable, it is harder and harder for the company to find way t ways to spend all of the money. Separately, amazon announcing a youtube competitor called video direct, dennis, which has some irony in it, because just when the analyst says that they have run out of things to invest in, and here is a brandnew thing to invest in. I have known that jeff bezos for over 20 ways will find a way be it drones or videos. You cannot deny amazon as of late. The store riff to success is about the aws, the amazon cloud services, and if you are looking at the growth from that business, and the last quarter, they drew about 15 of the revenues and had about the same amount of profit as the rest of the quote, unquote amazon. Here is my predick is shun for you, at some point the performance is so great they have to spin it off as a separate company. That is interesting, and people would disagree with me
The most of the session, there is a tugofwar going on. As david mentioned, Energy Stocks are performing poorly. You can see that they are up off the lows but still down along with materials. There is a commodities selloff pushing them down. On the other sides health care, up by 1. 1 percent. I wanted to dig into the rally that we are seeing. If you look at large cap pharma companies, allegan reports earnings tomorrow. Johnson johnson on the right. These of the biggest contributors in terms of the games we are seeing in the s p 500. Terms of whats driving driving them there, kevin, the big maker of Generic Pharmaceuticals be estimates and says that its generics pricing is actually not dragging down earnings that much, as are has been widespread concern about pricing of generic drugs and whether it would continue to decline. They said they didnt think they would see that much more downside. That is having a Ripple Effect. They also say they are going to complete their proposed acquisitio