Doolittle on the pull back and talks. We had the dow s p 500 nasdaq all trading lower. The best rally of the year. Last wednesday. Followed by the worst back. The bulls and the bears are really still jockeying for position. Today, the bears are taking it. This does not compare to the intraday low. In 2009. Back since that time, we have a spectacular rally from the s p 500 over 250 . It continues to be strong. We do have stocks down just a little bit today. When we hop into the bloomberg, this is jihad btv 6431. Rally after President Trumps speech to congress. Inhad some of the best several years. Followed by some of the worst declines last week, basically giving it back. There is not a lot of conviction or certainty. It will be interesting to see how all of this brakes. Turning to the transport, it is down more than the other major have ridges. We have the big airlines all trading lower. This could be President Trumps revised travel ban. , bloombergime around Intelligence Analyst Georg
Doolittle on the pull back and talks. We had the dow s p 500 nasdaq all trading lower. The best rally of the year. Last wednesday. Followed by the worst back. The bulls and the bears are really still jockeying for position. Today, the bears are taking it. This does not compare to the intraday low. In 2009. Back since that time, we have a spectacular rally from the s p 500 over 250 . It continues to be strong. We do have stocks down just a little bit today. When we hop into the bloomberg, this is jihad btv 6431. Rally after President Trumps speech to congress. Inhad some of the best several years. Followed by some of the worst declines last week, basically giving it back. There is not a lot of conviction or certainty. It will be interesting to see how all of this brakes. Turning to the transport, it is down more than the other major have ridges. We have the big airlines all trading lower. This could be President Trumps revised travel ban. , bloombergime around Intelligence Analyst Georg
There is no direct news causing the decline, although russia has been starting to ban bitcoinrelated websites. Apple and ericsson suing each other over wireless technology. Apple claims that ericsson patents are not essential and that meanwhile ericsson is asking a federal court in texas to determine whether its licensing terms are fair. Now to the lead, blackberry shares spiked earlier today on a report that samsung made an offer to buy the company for as much as 7. 5 billion. Now shares in afterhours are moving in the other direction, down. A statement from the company saying it is not in talks with samsung. For more details, the Bloomberg News reporter who covers this so well. Alex, from new york. The reuters story looks like it was wrong, at least that is what blackberry is saying. What do we know . They said blackberry is not engaging in discussions. You can read between the lines. If you look at what reuters did lay out, 7. 1 billion would actually value blackberry about 24 times
184, the lowest it has been since october 2013. Russia has been starting to ban bitcoinrelated websites. Apple and ericsson suing each other over wireless technology. Ericsson is asking a federal court in texas to determine whether its licensing terms are fair. Now to the lead, blackberry shares spiked earlier today on a report that samsung made an offer to buy the company for as much as 7. 5 billion. Now shares in afterhours are moving in the other direction, down. A statement from the company, saying it is not in talks with samsung. For more details, the Bloomberg News reporter who covers this so well. The reuters story looks like it was wrong, at least that is what blackberry is saying. How do we know . They said blackberry is not engaging in discussions. If you look at what writers did lay out, reuters did lay out actually values blackberry 24 times which would be how much the company was valued at one it was the Smartphone King before the iphone came in. If this were to be a deal
Saying it was insulting. France meanwhile keeping security at a high level. Jpmorgan chase shares fell the most in three months after the Company Reported a 7 drop in profits due partly to rising legal costs. Jamie dimon says it is on assault by regulators who want to break it apart. The reason you have a mold the national banks. Including governments. Six have intentionally dollars a day, you will not do that with a small bank. You will not put out a 20 million per xfone and you cannot do certain things globally in 20 countries if you are not in 20 countries. Some of the wounds might be selfinflicted. Jpmorgan posted its lowest fixed income trading revenues since the financial crisis. Apple suing over the Wireless Technology used in mobile devices. The federal court claiming they are not essential to longterm standards and that the rates were excessive. Meanwhile, ericsson suing back in texas trying to determine whether the terms were fair. And the crew of the International Space stat