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
Two great Leadership Groups taking over. I was looking at the stocks today beaten up, and the fundamentals are beaten up as well such as the rax space, and microsoft and intel and going down the list and the few that are not moving. And cisco, and the chips and this is what jim krcramer said this morning. There are two types of tech, tech that is cloudrelated and the digital seagate and microsoft, and we had a positive piece about microsoft, and positive talk from cowen saying to get ahead of Western Digital before the earnings, and this is a tech rally, and the cloud and the Old Fashioned tech and it can occur. Pete . Well, last week, we saw the cisco numbers that were outstanding, and looking in the transitionary level right now that we have been talking about with microsoft, and looking at the name, security, cloud, and this company with a great number and looking at the growth, incredible, and then moving to the salesforce which crushed it last week and then yesterday apple and the
Islamic relations pointed out article vi states there should be no religious test for any public office. American muslim cannot be president of the United States. His views are inconsistent with the United States constitution. For that, we really urge politicians, community leaders, president ial candidates to repudiate his views and we ask ben carson to withdraw from the president ial race because hes unfit to lead. I heard some of his surrogates try to dress it up that hes not trying to be politically correct. Hes wrong. Hes politically wrong. Politicians are acting like thugs. Thugs and dom gogs. Its time to stop and carson needs to leave the race. Those were folks from the organization. No word on ben carsons response to that News Conference to those words. But in an interview just this morning with the hill, carson only doubled down on his kmnts saying, quote, i do not believe sharia is consistent with the institution of this country. Muslims feel their religion is very much a par
Milestone. The first time in our nations history that a woman will be a main party nominee. Martha thats a big deal, but Bernie Sanders is not walking away from this race. He vows to fight on in july. Next tuesday we continue the fight in the last primary in state. Martha Hillary Clinton clinching more than 2,700 delegates, well above the number needed for the nomination. Donald trump is ramping up his attacks on Hillary Clinton. Our infrastructure is a disaster, our schools are failing, crime is rising. People are scared. The last thing we need is Hillary Clinton in the white house or an extension of the obama disaster. Bill Jennifer Griffin is on the clinton campaign. Jennifer, you were there last night. What struck you most about her speech . I think what struck me most was how subdued in some ways the speech was. Aide tell us that was by design. On the one hand she had to navigate what was arguably an historic moment while not alienating Bernie Sanders supporters since Bernie Sande
And we just learned that one more patient has been released from the hospital while four others still remain in critical condition. Well soon know some of what the shooter omar mateen said to police during the attack. The u. S. Justice department will release limited transcripts from three phone calls he had with negotiators that night. Among them the killers claim of allegiance to isis. Since the shooting there have been questions over whether the fbi missed potential rered flags on mateen during previous background checks. On cnns state of the union, attorney general Loretta Lynch pushed back against arguments that Political Correctness is hindering the way the government investigates potential terror suspects. I can tell you how we handle these investigations now. We handle these investigations by looking into anything, everything and every one. That also includes reaching out to the Muslim Community for information that they may have. Many of the investigations that we do involving