Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 . The survey was for a drop of 3. 7 . It is a bad number but not as bad as had been anticipated in terms of the current account balance. We are looking at 24. 9 billion, we were looking for 23 point 8 billion. German Industrial Produc
We will get thoughts from gene munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. Will hear from the ceo. But first to our top story. Tuesday ons on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up
The close, ending up over 100 points. Withad all 10 in the s p positive territory. Energy was the laggard. Nonetheless, it was able to flip into positive territory at the end of the session. Amazon and banks were moving higher. This was the best day of gains in two weeks. Joe its a like the momentum had come out of the rally a little bit. A great start to the month. Anyone trying to sell in may were already down on that strategy. Good call. Apple, it was a crazy roller coaster ride today. At one point, still on its longest losing streak since 1998 , we were below the friday lows they made, which technically could have been a bearish indicator but nonetheless climbed into neutral territory by the end. Only the third time in history that its had a selloff like that. It tried to go green at the last second but then when right a second after that. Look at the fiveday chart, that encompassed what happened after the Company Reported earnings over the last week. In those last days apple lost
Gq moment. Vice President Joe Biden in the ukraine today as last weeks ceasefire gave way to violence on Easter Sunday. Three people died at a ukraine, in eastern both sides blaming each other for what happened. Questions about who is responsible for the incident. At the same time, you have prorussian activists, military men and women still arming, occupying eastern ukrainian cities in terms of government facilities. In the meantime, members of congress are calling on the administration to turn up the economic heat on russia. Our Foreign Policy is always a day late and a dollar short. Unless they immediately begin moving the 40,000 troops on the border, which are intimidating the people of ukraine, i really do believe we should be sanctioning some of the companies in the energy sector, gazprom and others. We should hit some of the large banks there. Certainly we should be from our security relationships with the ukraine. It is not just republicans, democrats also want the u. S. To step
Tech. And in fashion, i get a little gq moment. Vice President Joe Biden in the ukraine today as last weeks ceasefire gave way to violence on Easter Sunday. Three people died at a checkpoint in the string ukraine, both sides blaming each other for what happened. Questions about who is responsible for the incident. At the same time, you have prorussian activists, military men and women still arming, occupying eastern ukrainian cities in terms of government facilities. Meantime, members of congress are calling on the administration to turn up the economic heat on russia. Our Foreign Policy is always a day late and a dollar short. Unless they immediately begin moving the 40,000 troops on the border, which are intimidating the people of ukraine, i really do believe we should be sanctioning some of the companies in the energy sector, gazprom and others. We should hit some of the large banks there. Certainly we should be from our security relationships with the ukraine. Just republicans, dem