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Fortt and sara eisen is joining us, working a split shift. The biggest loss for the dow since july 30th. Were back to 34. 30. Had a pretty good nice opening, john, as we got that trade deal commitment, the phone call between the reps between the u. S. And china then Consumer Confidence hits and it was just not enough to offset the best number for new home sales since 2006. Yes some things still creeping higher you see amazon a bit higher. Microsoft up about a percent alphabet, too. Adobe hitting alltime highs earlier this morning, which just goes to show, there are certain story lines in this market, sarah that continue to do well for sure, naturally, the s p 500 is positive because of those groups communication services, consumer discretionaries, financials are higher and the nasdaq just topped higher, john, as squawk alley started as Technology Goes green. I would jus ....
Value and cyclicals are doing better than tech tech just in the red energy and financials at the top of the pile. Stephanie, are we getting a rotation, the start of something that might last a bit longer than it has done ever before well, you know my position. I own a bit of growth and value. Im hoping value has its day in the sun. What you need for value to work is better growth and also a higher expectation for inflation. While we are Getting Better growth sequentially. Youre not getting anything close to inflation look at the ppi numbers today. I think this is why a barbell strategy makes sense people will still want secular growers that can participate many some very powerful themes you want to be price selective but you want to have exposure there but exposure to the cyclicals if you believe the growth is going to improve and that will lead to inflation. My supply is up 25 year over year thats a big number. That will come hom ....
Bet on a blowout Earnings Report tonight. We will dig into those numberes. And facebook isnt the only set to announce numbers. We have a bunch. Weve got full Team Coverage of all the results coming your way. Love this time of the year, when the numbers are all coming out. Meanwhile, the Justice Department recently moved to block two huge health care deals and coming up, ralph will tell us what thats doing to the dealmaking climate and whether that is creating any tension between wall street and washington at a critical time of the campaign. And later we will hear from the top ranking executive at airbnb on his plan it win over the democratic party. Shouldnt be too hard given where he worked. But days after senator Elizabeth Warren called into a probe into whet ....
Third row until it is repaired. Here is the concern, voiced by the president of teslas sales and Service Division about what could happen in an accident if someone is sitting in that third row of the model x. It is actually with the leverage of weight in the seat pulling it forward. So this would be an example of a front crash, where the weight of the passenger seat belted to that seat could cause that latch to fail. The third row for the model x, they are being replaced. And it will take about two hours for the repairs to happen. By the way, the 2700 vehicles almost all of them are here in the United States. There are very few delivered outside of the United States. Tesla says the repairs will be done over the next five weeks with a new seatback put in place to replace not only the hinge, but also the seatback. The reca ....
Adam the competition in new jersey is taking a map but money is on the move today. Jo ling kent has details what you need to know is happening in markets overseas which were trading, jo . European markets closed. Look at dow futures. They were closed up 2points this morning. S p up two points and nasdaq up six points. Nice green arrows across the board. In terms of data tomorrow and today nothing today. Very little data tomorrow. Were waiting for fomc Meeting Minutes from Ben Bernankes last meeting that comes out at 2 00 p. M. Wednesday. Looking at commodities right now, oil is trading up. 62 . Gold was trading at. 79 . Nice green arrows there. In europe look at markets. Ftse was up but the cac and dax were actually down and hang seng was actually up 1 . So good news over in asia. Adam, back to you. Adam jo, thank you very very m. Lets talk about volkswagen and the employees ....