Should you buy the stock, later on and a stealth rally in one group of stocks taking investors on a wild ride how you can get in on the rally. First, redemption for the tech center, big tech coming back with a vengeance, the best performer today by a long shot, and apple having its best day in nearly two months, up 2 after whats been a tough month for the stock. Take a look at micron soaring in the after hours session, the chip maker reporting earnings moments ago, giving nvidia a boost. Will we take a look back on this day and say it was the day we wish we bought the im not sure that this is a bounce thats going to leave everybody else in the dust i can look around some parts of tech and say some things werent that great global tech, which has been just as powerful, is not very strong today. There are levels at apple. Certainly people say i can own the stock at this multiple based upon a pullback. Im not terribly convinced, if we are in a moment yesterday, i dont know that were out of
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w
Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth of deal. Now keep in mind, ge is one of four nonbank companies that have been given this systemically important financial rating. Others include aig, met life and prudential and met life is involvedn a legal battle with the fed having, of course, received a favorable ruling earlier this year by a judge who said tFederal Reserve or the government could not designate it as that. That means these companies are subject to Federal Reserve reover sight and enhanced capital rerooirmts. The fsoc voted to
Of power lunch. Im tyler mathisen. And welcome back, tyler. Im melissa lee. Shares of apple moving lower right now as a big apple event gets underway. Its been a pretty lackluster year for the stock. As you know apple far underperforming the broader markets up by just about 2 in 2016. And apple shares are up just 8 since the company last introduced a new phone back in september of 2014. And im Brian Sullivan along with jon fortt, who will be here with us for the next two hours. We deliver all the breaking news, dig into everything apple and talk about where to put your money in tech right now. Weve also got a very special guest joining us in a bit, legendary z. Z. Top front man Billy Gibbons here. Very cool. But we begin, Kayla Tausche, she is live at the apple event in san fran where tim cook is expected to stage. Kayla, i think amazon may have jumped the gun a little bit here. Reporter oh, they did. And gizmoto was very quick to pick up on that fact. Amazon having a landing page for
Unite against these terrorists. The notion that any political agenda will justify the killing of innocent people like this is something thats beyond the pale. We are going to continue with over 60 nations that are pound ing isil and are going to go after them. In the meantime obviously our thoughts and prayers are with those who have been lost. And showing solidarity european monuments were lit up for the belgian people. The brandenburg gate, eiffel tower among others bathed in the colors of the belgian flag. Melissa, just moments ago the Denver International airport evacuate add section of its main terminal as they investigate a possible security threat. In the wake of the situation in belgium, airports across the United States have heightened security. The terminal levels were five and six at the airport. Flights continued while the possible threat was investigated. Well keep you posted. Back to you. All right. Thank you very much, sue herera. Now lets get more color from the ground.