All right, a lot from the weekend. Hangover. Ith a friday at the close of trading we have been talking about the nasdaq getting hit so badly today, it looks like it is ending the day on 2. 55 . The one striking down the market the ones that were driving it out. U. S. Tech stocks have a rough end of the week. They have a few drinks and are the first ones into work on monday, and it is with a hangover. The tech selloff in the u. S. On friday will circle the globe. It has spread to asia and europe. Chinas Largest Internet Company down almost 5 and hong kong. Lucent, sliding. Onedays lost is not a trend make. Mark mobias. A 50 billion fund. One company set to go public in the u. S. That goes by the name of alibaba the fact that they would not go into hong kong because of that control issue that concerns me a lot. But i would buy other internet stocks in china. For example, we do have tencent. In our portfolios. It is a big field. China is going to be more tech and internet oriented. Intern
There is a lot of it over the weekend. Trading wee of have been talking about the nasdaq getting hit so badly today, it looks like it is ending the day on 2. 55 . The one striking down the market the ones that were driving it out. Andt has circled the globe spread to asia and europe. In europe, we have nokia sliding. U. S. Tech stocks have a rough end of the week. They have a few drinks and are the first ones into work on monday, and it is with a hangover. The tech selloff in the u. S. On friday will circle the globe. It has spread to asia and europe. Chinas Largest Internet Company down almost 5 and hong kong. Lucent, sliding. Onedays lost is not a trend make. Nuns a 50 billion fund. One company set to go public in the u. S. That goes by the name of alibaba the fact that they would not go into hong kong because of that control issue that concerns me a lot. But i would buy other internet stocks in china. We do have 10 sent in our portfolios. It is a big field. China is going to be more
Supposedly ensuring that the information stays private. With this, people who know about it can exploit the glitch to get access to private information, your passwords, your credit card information. Cory johnson and i spoke with dave chronister, the founder of parameter securities. Exactly them what happened here and why it took so long for security researchers to find this bug. The first point we should make is that it was found by google researchers and some researchers from a company coded code namib con nomicon. While the bug is tremendously powerful and important, theres also a fix available to it. Most large websites at this point have pushed out that fix. As you guys were discussing, this is a flaw in the Encryption Software used by two thirds of the worlds internet sites. It is opensource software, so that means it is Community Created and community developed. The fact that this flaw has been around for two years raises some interesting questions about who knew about it before.
Your passwords, your credit card information. Cory johnson and i spoke with dave chronister, the founder of parameter securities. We asked them what exactly happened here and why it took so long for security researchers to find this bug. The first point we should make is that it was found by google researchers and some researchers from a Company Called codenomicon. While the bug is tremendously powerful and important, theres also a fix available to it. Most large websites at this point have pushed out that fix. As you guys were discussing, this is a flaw in the Encryption Software used by two thirds of the worlds internet sites. It is opensource software, so that means it is communitycreated and communitydeveloped. The fact that this flaw has been around for two years raises some interesting questions about who knew about it before. Let me bring you in on this. Is this a victory for open source . Is it a failure of open source because so many people were using it because it was free .
A driverless car. One could be on your screen within six months. Simon is joining me today. On friday we hit fresh alltime highs, taking a bit of a breather so far, today at least, as we embark on the afternoon session. Its interesting, of course, the s p 500 is up about 6 year to date underperforming, the dow is up about 2 . One of the major reasons to that is 23 of the dow 30 stocks have hit 52week highs, seven have not. So are they now poised to catch up . And can you make money from them . Dom chu is on the case. So, simon, yeah, those seven stocks have not made 52week highs so far, but we looked at them to see what the stars are. Is there a way to help thing out . Because all seven of them, none have gained value since the dow first 4i9 16,000 back in november of last year. Number seven here, which is nike, year to day shares are still down 4. 5 . Theres concern right now. Obvious lir the world cup is kicking out of. Adidas versus nike, but for nike shares they have been a laggard