Johnson . Where did this summer go . Guy we had to the summer. This was the first summer in ages nothing happened. Last august it was china blowing up and greece. This is the summer to relax. Tom we just saw good english data, didnt we . Guy absolutely. The bounceback is there in the Manufacturing Sector. The british pound has gone down. No effect on manufacturing. We have a big drop and suddenly a number coming through. I dont know what to be more excited about, the comments on Monetary Policy not working or the data out of the u. K. Tom right now, lets get to the Bloomberg September 1 first word news with taylor riggs. Donald trump has returned to form an immigration. In phoenix the republican candidate made it clear he was to build a wall on the southern border with the u. S. And make mexico stay for it pay for it. There will be no amnesty. Status,ot obtain legal or become a citizen of the United States by illegally entering our country. Day,r earlier in the donald trump flew to mex
It werent for apple. What happened . Where did the boring days go to . I think they went the way september always seems to play out. Ninth month in the year statistically worst month of the 12. Always seems to play the role of the wakeup call. People come back from summer, particularly in an election year, survey the land skate and recognize there is more risk than they thought. Sure, averages are up more year to date. Nasdaq with a new high just last sense of gloom out there. One that was echoed today at cnbcs delivery alpha conference. A major investor where big money speaks his mind and that mind was definitively, and i can say this without question, negative. In some ways i cant disagree. Though i do not, on the record, do not share the depth of despair of so much of the speakers i heard today. Causes gyrations that are magnified by a month that so often ends the complacency of a summer rally. If only because the pain is back, the most people feel like the pain is just not worth th
For today but tomorrow. Lets talk about the final day of the week and. We have a beautiful sunrise and a mix of sun and clouds. Patchy fog out there. But not as bad as yesterday. Temperatures on the cool side, rebounding as we get to 9 30 am. There it is, good morning sunshine. No way to speak of rain to speak up. The winds are generally light. We have visibility issues at the airport down to about a mile and a quarter. Most of us looking good and it could develop in the next hour. Here is a look at the numbers. 36 santa rosa. 37 fairfield. A chilly start to the day. Around the bay, cool, 41 redwood city. 42 oakland. South bay 44. Temperatures on the peninsula, 37 woodside. Palo alto 40. San mateo 41. We are looking 24hour temperature difference with temperatures cooler especially in livermore, down by 4. As we get into the afternoon we will be anywhere from 3 to 6 degrees warmer than yesterday and i will have a look at the numbers and we will take a look at the warming trend coming up
The second week of february we have seen this phenomenon play out and today was no different even as the dow did slip 80 points s p declined 8. 4 . Nasdaq lost 1. 1 . [ sell, sell, sell ] it was up yesterday. What do i mean Pricing Power . Im talking about a companys ability to raise price on its goods and not meet any resistance when it does. The ones that can have stocks that bounce back quickly from marketwide turmoil or they hang in like champs. The ones that cant, they dont come back. Or they fall behind when the market bounces because their earnings per share numbers are in jeopardy. Who has it . All right. The market was down. Many stocks consolidated gains we have had over the last couple of weeks in a way that showed me the companies underneath can with stand promotional and discounted pricing. Take apple. [ bull bellowing ] one of the reasons i say own it, dont trade it. [ buzzer ] is because am has the ultimate in pricing pou. I get tired of wall street flitting in and out o
Thank you for joining us on squawk alley. John is at merge in miami, flori florida, and we will get to him later, but at post 9, kelly evans. Good morning. And joining us from out west is jason calakanas who is an invester and we have a lot going on in the market, and dow and s p 500 nasdaq posting the intraday highs today, and the dow is holding e steady above 18,000, and russell 2,000, and the dow transports are out of correction territory, but start with the netflix today, jason, because the shares have been hit hard when the company gave weaker than expected subscriber guidance for the coming quarters and 2 million additions rather than the 3 million that the investors were expecting, and also, there was a offering of prime video stand alone which was talked about on the Conference Call from reed hastings, and we have that. So take a listen. Hulu is doing great work, and amazon, and hbo and showtime, and so many competitors, and everybody is working hard to build the best content.