Inversions plus, tiffanys mixed quarter, the luxury retailer with an earnings beat. Peloton getting set for the public debut, widening losses ahead of its initial Public Offering as we have said twice now, stocks are set to open lower on worries about Global Growth and the risk of recession. Investors paying close attention to that yield curve and its inversions of the two and ten as well as trade tensions between the u. S. And china about an hour ago or so, we got a president ial tweet, quote, so interesting to read and see all of the free and interesting advice im getting on china from people who tried to handle it before and failed miserably. They got taken to the cleaners, were doing very well with china. This has never happened to them before this being a preference to the large tariffs in place that are set to go up september 1 and then december 15 and the overall there has been some press that echoed some things i was hearing shared on monday that the idea that the chinese have
In books books, i hope everybody enjoy the airconditioning outside. First turn off cell phones, no interruptions, that would be wonderful. Dont gergt to go to our website books and books. Com. All the stores around the city and this store well. If you dont want to do that give us your email adder we can send you of what goes on in the store if you dont mind 30 emails every 30 minutes or so. You can pick up, discovering view of how the world really works and raises critical questions about Financial Institution that is we may have trusted. Broke the panama paper stories and won the Pulitzer Prize for reporting, National Reporting or covering to have financial crisis, he has written for the washington post, bloomberg and appeared on bbc, npr, editor of the texas observer, please gave him the most welcome mrs. Jake bernstein. [applause] wow. [laughter] all right. It is great to be here. It is great to see so many old friends i havent seen in a long time. Thank you so much to books and boo
Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d