Ten weeks. But with todays move to the upside in a sector largely exposed to china and ahead of another round of expected tariffs in just a few days, where should investors be looking for protection joining us now to discuss, Oak Mark Fund Portfolio Manager bill nygren and nsz capital cofounder, bill slingerlen brad, you have some thoughts specifically around where is a good place to put money at this point. Specifically as it relates to regulation coming down the pike and semiconductors give us a sense, start with semis. Sure. So you know, we think theres no more interesting spot in the tech sector today than in the semiconductor segment, particularly for longterm focused investors. We know theres a lot of noise and a lot of volatility around the trade war and the trade talks that are going on now. We think ultimately, were entering sort of an ai cold war phase between the west and china. But that china and the chinese economy cant exist without cement conductors and frankly, the enti
Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflation adjusted high of 3,200 which hit back in 1980. Alltime high. For gold. Yeah. You know, with inflation slowing, but money printing, less likely with no cuts maybe coming this year. Potentially. Or three later in the year. Yeah. Looming behind all that and were adding 1 trillion to our debt every 100 days. I read that the other day. Thats still climbing. Theres no relief in sight for that. Bitcoin as you keep talking about the halving in the next two months. I was reading something yesterday t
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Thats still the case. Reaction to the north korean overflight also the euro is on fire. They dont want that. Tenyear yield. Look at that 2. 10. Jamie dimon must be thinking how am i going to make that how am i going to get my Net Interest Margin . Home prices is just out. Report for june shows prices up 5. 8 compared to a year earlier. Up 5. 8 that was a bit more than had been anticipated lets get to our road map this morning. It starts with that north korean provocation. A new missile test that flew right over the main japanese islands. President trump says, quote, all options are on the table plus, best buy is moving lower although, the numbers cautionary on the call, saying this is not the new normal. Were going to get into it, of course, here, and explain what exactly is going on of course, well be following the continued catastrophic flooding paralyzing Southeast Texas. Tropical storm harvey now one of the most destructive storms in the nations history and the rain, as youll see w
Theres an me in team. Always has been. Well, im happy to be here. Youre fired up. If youre up at 4 00 a. M. , you might as well get fired up. Why not. If you put in that what time did the alarm go off . 4 05. So you im a 3 handle. Me, too. You say you can do this. You did it once. Try five out of five. I can barely do this. 52 out of 52. Youre a stud. I say it all the time. We have a big market day. Good to have you here. A check of u. S. Equity futures. This is what weve been matching all morning long. This could be the biggest move in the markets. About a half percent move or so. This would be on the s p 500. That would be the biggest oneday move. Weve been 0. 3. The dow looking to lose 100 points at the open. The nasdaq looking to lose 24 points at the open. The volatility index is surging this morning. Thats an interesting turn of events. Up by 11. 25 , almost 12 at this moment. Action in asia, big development. Here is long eem is snapping a sevenday advance. The nikkei finishing l