Good friday morning. Welcome to squawk alley with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously watching these markets here dow is down 331 after yesterday, deep in the red. The dow, the s p, and the nasdaq are all on pace for their worst week of 2019 tech names getting hit pretty hard, apple, alphabet, facebook, intel all down around 2 , guys this is a period in which trade concerns might result in selling thats a little more indiscriminate than weve seen in recent months and among the tech names, a look at cisco thats down closer to 4 . Some other cloud names not doing so well. You see, dell is down more than that you know, Network Appliance well, that one has its own issues but certainly, hp down 5. 5 a lot of these trade issues rippling through not just the names that have higher valuations or have high flyers, but some of these core enterprise tech names, vm is another onedown almost 8 in this trade if you look at all the major averages, were now
Kayla tausche is live back at post nine with jon fortt, and also joining us is a contributor from vanity fair nick billiton. And we are looking at that meeting at the 2 white house with our own john harwood. We are waiting for Bernie Sanders to arrive at the white house any second, and play out the ritual any time that a party has a decisive Party Campaign which is to bring the Party Together which is crucial to win thet president ial elections in the polarized system, and begin the pivot to the general election, and Hillary Clinton has of course won the democratic no, maam nas, and beat Bernie Sanders sound ly in california, and has a lead in the pledge delegate, and the popular votes and superdelegates as well, but it is a difficult process for somebody like Bernie Sanders who has enjoyed the cheers of the crowd for months now to back out of the race now, and turn it over to the rival. Hillary clinton managed to do it eight years ago successfully with president obama, and he has been
Was willing to raise rates in march. The minutes show that some other participants indicated an increase in the target range at the committees next meeting might be appropriate if the incoming data remains consistent with their expectations. In march, the majority was not convinced with the number of participants judging that foreign headwinds would subside only slowly and several expressing the view that raising the target range as an is april would signal a sense of urgency that they did not think was a appropriate. Call, if notougher in april, in june. While members agreed that the path of rates would be lower Going Forward than they had anticipated in december, the committee was divided over whether the recent increasing inflation weve seen will be sustained. They are divided over whether the economy is approaching full employment. Feds Charlie Evans told us this week that the markets may not be pricing in enough fed moves this year. You read the minutes today, you think you might
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