applications. that are also ai. mr huang informally kicked off the computex technology expo in taiwan, on sunday. the event is also being attended by bosses from other large chip makers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. that s according to industry expert bob o donnell. this is the most exciting computex show in a very long time, is the first time i been backin time, is the first time i been back in almost 15 years because i feel at such a big deal. back in almost 15 years because ifeel at such a big deal. and forjensen, he is the rock star he s literally on a stadium tour, all his last speeches have been in stadiums like a rock star. there was a lot of excitement there, and he s got a big vision story to tell because he is indeed the figurehead leading the industry at this point. his idea is, look, companies are now starting to leverage
Good monday morning, welcome to squawk alley. Im Carl Quintanilla with mike santoli, Morgan Brennan here at post 9 of the New York Stock Exchange john fortt in San Francisco. In a minute hes going to bring us a cnbc exclusive with amds lisa su. You cannot miss that in the meantime, apple feeling pressure from investors. Urging the iphone maker to tackle smartphone addiction and overuse by children. They write the potential longterm consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, Elevation Partners cofounder Roger Mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. What responsibility does apple have to how my kids might use a phone . Quite honestly, they have a lot. The culture of Silicon Valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the sc
Fuel extremism. Its a move likely to irritate china. A u. S. Naval aircraft or it visit vietnam in march, the first such port call since the vietnam war ended more than four decades ago. Defense secretary jim mattis and his vietnamese counterpart discussed the matter during mattis trip to hanoi. In the philippines experts warn that a volcano that has been directing for almost two weeks still appears to be swelling with magma under the surface. Thousands of people are staying in emergency shelters of the volcano continues to release streams of lava as high as 1500 feet. Officials are worried the eruption may last months, affecting the education, health him and livelihoods of people in the region. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york julie live from bloomberg World Headquarters in new york, im julie hyman. Sca
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
Dow down 37 points and the s p nudging back up towards the flat line at 2066 and change and nasdaq in Percentage Points the big lieutenantser, down twothirds of a point. Seven of the sectors are low for the year including staples, i. T. , financial, industrials, utilities and energy rounding out the bottom of the pack. Both down more than 9 year to date. Oil getting hit hard again today before staging a bit of a comeback. There you see its got modest losses right now. West texas intermediate at 51. 97. Ice brent crude at 56. 43, down 11 cents or about a fifth of 1 . And then ty yield falling enough that were starting to hear about lower mortgage rates. The tenyear right now earning 2. 221 . Euro Group Leaders meantime emergeing from a crucial summit on greece about one hour ago. The result nothing, according to reuters. Another meeting set for tomorrow. The eurozone summit is under way now. Yields meantime skyrocketing on the greek twoyear bond at 49. 5 . The etf that tracks greece all