All sectors are higher, even those companies that are telling us that news, like uber, laying off 3000 people. It is really across the board. Homebuilder confidence that are than last month but still coming in at 37, so still pretty weak. Crude oil just below 32 a barrel. I want to point to the offshore indicator of how the market may be performing. Weaker for the last few days. Lets get a deeper dive into todays Market Action with kailey leinz. Kailey obviously, we have a healthy rally underway. Volume is 20 above average. That indicates there is some conviction here. Bet indicates there not much conviction, the vix. The fewest long contracts, and the fewest short contracts. How toket is not sure price future moves and volatility, even as the vix has fallen by more than half. That index is now at 829 handle. , ifor movers in the markets want to mention moderna. At a 29 handle. Analysts raising their price targets on that. One saying the company could have a potential blockbuster for v
Lower starting point at 399 i asked cook if he was worried about the se denting demand for the higher priced models and then tanking his margins cook dismissed that telling us we are never worried about cannibalization. Our view is if somebody is going to cannibalize it better be us theres probably a little overlap between the two. The se right now cook saying appealing to android switchers and appealing to people who want the most powerful phone but in a smaller form factor. Sticking with the iphone i asked about iphone demand in china what are they looking like and can we use china as a leading indicator for other geographies in countries, europe and the u. S. Cook telling us there was a significant, very steep falloff in february that began to recover some in march, and weve seen further recovery in april so it leaves us room for optimism its hard to tell if thats a leading indicator, cook says there are differences. The u. S. Has had very bold stimulus programs and i think that wil
Efficiently, effectively, and understanding how you can do that what you balance that with security challenges at the border and that is of fundamental importance for border communities and our economies as a whole. However, i do not think that is enough. Not enough for u. S. Border communities or for Mexican Border communities to really have the vibrant communities that we want and the quality of life that people in the Border Regions aspire to. This requires strategies for Economic Development that leverage the unique position of those communities along the border as a way to attract companies to do business in the region. There is a unique Value Proposition there. The combination of the competitive advantages of the two countries sidebyside that makes working and producing in the border region particularly attractive and interesting. If we look back over time and go border say the Industrialization Program of the 1960s, the beginning of free trade between the countries, andsed on th
Aspects of security. Security at the ports of entry is just as important as security between the ports of entry. And, you know, since then weve seen efforts and i think trade community has responded. Congress has responded. Weve seen bills to add more officers. We need other resources at the border. I think at first the only resource were being drawn from southern ports of entry and our first point was what about the airports . What about the seaport . What about the northern ports . You cant pick just one area and say well thats the only area that will get hurt. So beyond that weve seen may 7th, tomato duties went into effect. Now duties on mexican tomatoes. When tariff threat came up, that would have equalled 25 tariffs, 3 billion in tariffs just on what we eat and that constitutes a food tax. In the meantime we had these issues. Thats a glimpse into what we see at the border but we cant stop and think that we cant move forward because theres a lot of things we can move forward on. I
I would not provide information beyond that which is already public in any appearance before congress. Former special Counsel Robert Mueller is set to appear before two committees of congress. The House Judiciary Committee and the House Intelligence Committee on wednesday july 17th at 9 00 a. M. Eastern. Hell testify in open session about his report into russian interference in the 2016 election. Watch live coverage on cspan3, only at cspan. Org or online with cspan radio app. A discussion on Economic Impact on improving management of the u. S. Mexico border. The Wilson Center in washington, d. C. , is the host of this conversation on strengthening economic competitiveness for both countries. Thanks to the few and the proud who are here. Weve got a few more in the hallway who will come in and join us. Thanks for sticking with us throughout the whole session today. We do have one more really interesting session. For me this is a really important one. Weve spoken for a lot of the day abo