Category 5 storm still lets move on to another update for those of you in florida. Added to the hurricane watch what this means is hurricane conditions could move into your area within the next 48 hours. A lot of you are preparing right now. If you havent started, this is the time to do so. Again, as of noon we are adding to the hurricane watch there has been some updates to the track. Not much slightly off to the east but still the cone of uncertainty through the entire state of florida. I dont want you to focus on track. I want to show you why because if youre anywhere in florida, youre saying, oh, you know, i dont see the ocean, you could still be impacted by the storm with tropical force storm winds. Check this out lets say Hurricane Irma does not make landfall but scoots along the coast, still, Tropical Storm winds could extend 185 miles across that would take up the entire state of florida Everyone Needs to make sure theyre taking the proper precaution and keep an eye on this wel
Tech ceos on their meeting with the president. And whole foods and amazon, how both companies see that deal making sense. Mondays tech rebound result in nasdaqs best day of the year, closing highs for the dow and s p were not far away from posting doubledigit yeartodate for all three, which we havent done since 2013. No. And a lot of people felt coming into the year the market was overvalued, having had a big run after trump got elected. Obviously, that was not the case there was more to it a lot of people would have felt if you had the Federal Reserve being as aggressive as it is, theres no way you could do it earnings worried about the strong dollar, we have a weaker dollar one thing i point out today will be oil its going to be very messy. This is my level i felt it could get to those are big cap stocks f it goes too much lower, people will say, wait a second weve been buying. Maybe demand is not as strong. Because its the summer, you would expect more demand be careful, oil. Tech s
Joint session of congress all the more interesting for investors who will be looking for more clarity. Jon, youre the one who suggested if we dont get that clarity, a correction could be in the cards. Yeah. If he stumbled and didnt give us basicalically what the marke wants we all know the market, us collectively, we can act like bad children and when that happens of course the markets generally react negatively. I dont think thats going to happen. I think hes going to hit repatriation hard. Ive got an example for you. You take a look at some of the activity in the derivatives contracts. The options. These companies folks have the most money overseas. Microsoft, g. E. , a 8, pfizer, ibm. We have unusual activity in virtual lit every one of those over the last week. What does that tell me . Tells me that people are betting on upside after the talk on repatriation tonight and that 2 1 2 or more trillion dollars that could be pouring back into the country. Do you think, josh, the ramally
Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
Well, you know, some people just get so tribal about the politics. It is a hate hillary or a hate trump, and we refuse to look at the actual data, and we refuse to look at the actual issues. We make these things flashpoints and then we stop digging if in. You know, i have said it before about donalds campaign, and it is the seinfeld campaign, the c campaign about nothing. He se smart, because the more he gets into the details the more the followers and the tribe, their eyes glaze over and so it is to his benefit not the do it, and hillary is just battling crooked hillary and battling the pejorative comments about her, and we never get into the details. Mark, it is Carl Quintanilla and good to have you on the phone. Hi, carl. Good to have you on. Sure. And we had Travis Callan from uber on, and he said, look, give us a break, we plan to be around for 30 or 40 year, and we are e early in the life cycle, and so easy on the pressure to go public. And tell that to travis employees who have