Plus tiktok continues to tick in the u. S President Trump gives his blessing to oracle and walmart buying a 20 stake and shares of electric truck maker nikola tumbling after a firm accused the company of making, quote, an ocean of lies. Jim, theres going to be a lot to process, not just today but all week long. We have 14 fed speakers during the course of the week and powell three times well, look, powell is on the side of those who believe you should be a buyer. Its pretty clear that powell does not want things to collapse a stimulus dealdeal that seems like a thing of the past were down off of something no one understands. Maybe uk lockdown. Thats not us. Maybe madrid lockdown not us this banking story so emamorfs in other words, what im saying is weve been down for three straight weeks, carl the big faang stocks are down double digit this is when you start thinking maybe there is something to buy. Its been so bad for so long and everyone is watching and these things are really going
More americans are venturing out. Will the gradual recovery from covid19 hurt stay at home stocks . And a wild ride this week for Nikola Motors after announcing a 2 billion partnership with gm, the focus of a negative report by a shortselling firm whats next for the deal. On the round table, ben levisohn, carlton english and jack howe. Guys, its great to see your Smiling Faces again. Had a little hiccup at the end of august with a bike accident, but im back in the saddle. Ben, what goes up must come down was the story in the Nasdaq Market this past week. Yeah. I mean, it was a bad week for the market, but it was a really bad week for the nasdaq and tech stocks. With the dow finishing the week down 1. 7 , but the nasdaq off 4 . And it wasnt really bad news out there to really knock them down. Good earnings from the Tech Companies that reported from the most part. There was a little fear that stimulus wouldnt happen but nothing that really causeed it to go down other than the it seemed t
War. Would see. Him a long time captain pakistan to victory in the cricket world cup in 1992 when he bowled his last cricket ball he made his final runs one of the worlds best known sportsman with time to devote his time to social work. But politics came calling always a vocal critic of in demick or option confound of the Party Pakistan to hurricanes up in 1996. Which allies promise was to ensure justice for. Us Party Chairman hahn won his 1st seat in the National Assembly in 20026 years later his popularity soared when he boycotted the election in principled stand against corruption. To the surprise of the political establishment in the capital islamabad hundreds of thousands of supporters rallied in lahore and karachi into 1011. 00. After several political victories his campaign appealing to the Younger Generation succeeded with the promise of creating a call option free pakistan. Khan was sworn into office as the countrys 22nd Prime Minister in august 2018. So 2 years on how is the
You are seeing some signs that suggest broadens breadth you had this move in hold builders and transports. Its not a reason to discount that action. Forget about all of that those things are not the tech trade. Its not its clearly happening. Stephanie and pete have been right all along throughout the course of the summer they have said things are Getting Better things are broadening out. I have been a nay sayer but Market Action is telling me they have been correct and i have been incorrect for as long as thats going on, i think theres a reason to be encouraged that we could see continued new highs. As you know, the viewers know. One of the things i want to talk about is the three leading sectors today are low rates plays. Utilities are ripping. Reits look incredible. I added Simon Properties group which we talked about spg. That thing looks like it wants to break out right now of course, youve got communication stocks being the best performers. Im in verizon and that group. Nike hitti
Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor