Is tech in trouble, have the stocks gotten too expensive . Do we need to worry about what happens with the group if President Trump cant find Common Ground with president xi and with the market at lofty levels, the s p back slid and the nasdaq gained 2. 4 its something that Money Managers will talking about it was cleverly titled changes and the big takeaway was it was time to lighten up on my Favorite Group which is technology their thesis theyre worried about it shifting to the tech war, American Companies only buying from nonchinese suppliers and you have the strong dollar to worry about with tech rallying you have a crowd of weak headed investors who head for the hills at the first sign of trouble. We heard some discouraging things in technology look, just last week, cisco it gave a downbeat forecast for the reasons that bank of america and merrill cited. Even though it represents a good balance sheet, some okay growth, investors are soured on it especially some of the big guys bec
You as well. It is friday, july 12th. Fbn a. M. Starts right now. Hands on your waist and go. Get up, get up. Hands on your waist and go. Get up, get up. Lauren welcome to fbn a. M. Good morning to you. Happy friday. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving. U. S. Futures moving to the upside. The dow record close yesterday, above 27,000 for the first time. Futures gaining 86. S p up 7, nasdaq up 22. Cheryl optimism on wall street has been showing up in rising bond yields and right now as you can see the 10 year is actually down. They were at 2. 12 . So a little bit of caution today with the 10 year. Lauren a storm in the gulf of mexico boosting the price of oil, 60. 68 a barrel, thats a gain of almost 50cents. Cheryl we just learned chinas june trade surplus with the u. S. Rose to 29. 92 l billion dollars, that could add another layer of tension in the ongoing talks. Asian markets across the board were i
Much to do so. Okay, thats why. Okay, all right, were going to leave it there. Its great to have a discussion and to hear your opinions on this, my hush around petty and from the african times and commentator are in the carriage. I thank you both for your time today. All right, and that is going to wrap up for this look at the top stories of the week on by and back in just under 30 minutes with more of todays top new stores by the not to day yet. You know, thats, well study a bulk of it says up or the yeah cool. Yeah. Again shows up on me which does that mean im, i thought id check see if i tell the bid should be lost the line. I was pretty, im not getting stuck with dr. L 5. How, how so name . So don, its pretty a clump of austin. The low dr. Bache was up, but yeah, i know the z a h e sled tosh cover robust. Mean, you have to go any of this, it e, say it may go to the minute. That would be a good thing that most people can trying out the cost of the, of all the, so be sure dos emilio.
least 19 people are now dead in mississippi. officials report at least 13 deaths in hard hit sharkey county where homes and businesses were flattened and trees and power lines were knocked down. three others were killed in humphreys county, and at least two people are in critical condition there, and we ve just learned that three more people were killed in carroll county search and rescue teams and first responders are on the scene in the hard hit areas north of jackson. we spoke with the resident from the town of rolling four who was on the phone with her grandmother when the tornado went through. listen to this. there s power lines all over the road. there s trees all over the road that there s brick buildings that are that are just laying out in the street. um actually. two houses down from my grandmother s house. everything is just a debris field that the houses are are just destroyed. alright let s get the latest now from cnn meteorologist karen mcginnis. karen, unfortun
Think the armenians were trying to see, you know, if im not going to cut up after armenia, we have about 32nd stuff. But i just wanted to delve into one point. You are, you were mentioning and perhaps what viewers are thinking. What does america get from, from buckingham as leader . They want to kick their options out of the Southland Court because of this. Thats the reason they dont one for a restaurant to have any influence on presence into sauce and co christmas and they are using pushing on just like they, they use savanski now as opposed again. So thats are pushing on his serving armenia into a pound and the americans are ready to sacrifice old every standing or median in order to kick the russians out of. Of there isnt. This is a jewel political game for the washington. Thank you so much for your time on your analysis. As always give work l must be on middle east expert life on the program. A okay, a truly eyeopening look. Next step rising calls. Im a roddic buys utes in bosnia f