With Top Republicans in the roosevelt room, his feud with freshmen congresswoman is intensifying. Well bring you any headlines as they happen at this hour. Big tech under fire on capitol hill. Lawmakers taking shots at executives at facebook, amazon, amid fears the Silicon Valley giants have too much power. Democrats on the campaign trail in iowa. The 2020 hopefuls making their pitch to voters on health care and drug prices. Joe biden is even bringing back a familiar promise something that former president obamas lie of the year. Why would you do that . Ashley i dont know. Well get no that. Doesnt seem to make sense. We have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange, phil flynn as always watching oil at the cme. Edward lawrence, Hillary Vaughn covering numerous tech hearings on capitol hill. Lets begin with gerri willis, all the days goings on on wall street. We thought we could finish on another record high. Didnt quite make it. Didnt happen.
Across the united states. You know, city leaders, whether you are in a city, town or village are uniquely situated. What do i mean by that . In the state of the union you have National Media do you have congress and its all about trying to score partisan points. But, in the state of the city its really talking to constituents, connecting with them about what youve done and about what you are going to do. I will tell you another place where we are uniquely situated. We see our constituents every day in Grocery Stores and in our places of worship and in everyday areas like the ywca and sometimes they just show up at city hall, whether they have an appointment or not because they want to talk to the mayor. Guess what . We talked because that is what mayors and what city leaders do. This year i gave my eight state of the city address. I will tell you, we have gone to doing this as a ted talk because quite honestly it got so long and i got so tired of reading it and they got tired of hearin
This is about an hour and 40 minutes. Good morning and welcome to the National League of cities. It is my distinct honor to bring you greetings on behalf of the board and the staff of the National League of cities. We are excited about this presentation this morning, as we discuss the state of cities across the united states. You know, city leaders, whether you are in a city, town or village are uniquely situated. What do i mean by that . In the state of the union you have National Media do you have congress and its all about trying to score partisan points. But, in the state of the city its really talking to constituents, connecting with them about what youve done and about what you are going to do. I will tell you another place where we are uniquely situated. We see our constituents every day in Grocery Stores and in our places of worship and in everyday areas like the ywca and sometimes they just show up at city hall, whether they have an appointment or not because they want to talk
This indictment is so off the walls, wearing uncharted territory with these types of charges, is absolute nonsense political persecution, this complete tierney in georgia today. The air has to come out of some of the tech names because they have been really stressed over the last six months those things are going anywhere. We go to yearend market is looking at the high evaluation against higher Interest Rates and the underlying economy is so strong and after this rocky. Things might get a little bit better. Stuart i love this song, here comes the sun from the beatles. I was shimmying before this came on. Stuart i hope we got on tape, 11 00 oclock on the east coast on this friday august the 18 18th, to the markets, the dow is turned around, at one point down over one or two points, now its up eight, same with the nasdaq down 150 now its down 74 a small lawson s p, big tech earlier they were all down, they are still all down but not as much, apple 173, microsoft was at 312, now it is at
Turn it off, please. Lets see what happened here this weekend. This is the first time this meeting took place without Charlie Munger being here. Before Warren Buffett took to the stage, this was a stage where there was a lot of emotion that came into this here with a standing ovation for charlie at the top. Roll that back down, please. A standing ovation for charlie right at the top of the meeting after a movie that played a halfhour movie, that played his highlights over the years and funny skits they had done and a standing ovation from 40,000 people who were here at the Convention Center. Pretty emotional day. Warren buffett made news. It came out when the companys 10 q hit. People were looking to see it and it trimmed stake in apple by 13 in the quarter. It sold about 116 million shares. A lot of questions as to why and what it means. Apple is still, by far, the largest stock in its portfolio. It makes up 40 of the overall portfolio. Buffett said he was selling because he wanted to