Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
Got to cut again. Lets dive deeper into the action. . Bigail, what were you watching this we take a look at oneyear chart of the s p 500. All the volatility over the last 12 months. More recently going above it just a little bit. Two the index is having a hard time. Another whipsaw back down into the range. Taylor it was outperforming the Broader Market by more than a percentage point. We have had no trade news today. No news is good news. The index has been so sensitive. Thented to look at some of individual stocks. Here in the terminal chart that i am showing terminal customers, the index in blue and creating a divergence here. Analysts are really wondering where the stocks come down for dram. In the case of micron, credit suisse, could have a bottoming out cycle. Micron gets a lot of revenue from dram memory chips. Renita i am closing it out looking at the u. S. Dollar climbing as global fears intensify. Weaker than expected euro zone manufacturing data started to renew concerns. Th
Seven days by now, we may be 20 degrees below average. A lot going on the next 73 today and tomorrow it is about warmer temperatures. There are some on the cool side and others are warm. My good friend mike here, the thermal belt are well across the solano county, around the eye 80 corridor. It is 51 in common travis fearful, he had 66 in vacaville with a north wind at 9 Miles Per Hour. Napa airport is 49, travis has bumped up a teeny bit 252. Vacaville is 67. Rio vista is 57. There is a lot of crazy temps around right now, sfo 60, you can find some not far away, some low 50s. Castro valley, 51. Livermore 52. Temperatures are on the way up. Today into tomorrow, sunday will still be all right. Overall, we are looking for one conditions today, upper 80s for son, ellsberg. Palo alto, 82, mill valley, upper 80s. Oakland, fremont, Stinson Beach San Francisco, 70s. All quiet now. And, coast bay looks good, the system in the northeast part of the state has kicked out toward salt lake city. Ev
Nejra welcome to daybreak europe everyone. Investors trying to assess risk in the u. S. The s p 500 falling for a third day. We could see another day of declines, even if futures are indicating down 0. 1 . We hold on to a 169 handled today. The dollar steady, heading for a weekly gain. The new Zealand Dollar is a standout in terms of the downside because of some Consumer Confidence data. We are also seeing weakness in asian equities. Riskoff continues into the asian session. Oil heading for a weekly loss after we got that update from saudi aramco on bringing output back. President trump has used a closeddoor meeting with u. S. Diplomats to disparage a whistleblower complaint. The president said the whistleblower had no direct knowledge and was, quote, almost a spy. The complaint alleges the white house attempted to lock down records and could offer a roadmap for the impeachment probe. House Speaker Nancy Pelosi raised the specter of a white house coverup. Lets get more details from ann
Employees and if you break a company like that up, if you can manage it do it, theres going to be unattended consequences. Tonight at 8 30 p. M. Eastern on cspan2. Next on cspan3, a house judiciary subcommittee on whether Big Tech Companies like google, apple, facebook and amazon engage in anticompetitive practices that hurt smaller online companies. Rhode island congressman David Cicilline chaired the hearing. Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the digital markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to c