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Oil did crack below 39 the s p 500 suffering its worst twoday slide in 4 1 2 years and stocks look to bounce slightly before the open. It is a new era for Disney Bob Iger has stepped down with a lot of questions, of course, why now . Techs tanking in correction territory with high names like alphabet, apple, amazon losing a combined 4 million on consecutive sessions the state department wiped out 1. 7 trillion in gains markets down 6 and jim, 7 on the s p, you think might be time to do something. Its interesting. You have to buy something. The cluster they find in america, i say it that way, got the green light to say it from the cdc and possibility of an ebola situation, remember, we lost someone in texas. That was a problem in texas. Would Something Like that here be shocking . We lost 14,000 people from the regular flu and perhaps the new flu and respiratory illness, its ....
Remains solid. Joining us for the hour is stephanie link what do you think the theme is here we started the day up almost triple digits on the day then loss were down triple digits now were somewhere in the middle crazy with earnings nonstop. The theme today is the shift right back to growth from value. Thanks to paypal, thanks to microsoft, thanks to service now, and value is under performing because i think its all about 3m and what they said. Weak china, weaken you a, to no green shoots after yesterday where caterpillar gave us some hope and boeing gave us hope today took it all back some commentary from the industrials so far, honeywell last week as well, some of the commentary has been a little bit better around china so i wonder how much of this you think is 3m specific and where their end markets are focused versus the broader sector especially in electronics i do think they have high variable costs at 3m so they have some Co ....
Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly profit since 2016. As they had sales down in every region which you just talked about. My travel trust owns it does that mean im an idiot . No it means you have to take pause and say they continue to buy back stock, they said would no longer be episodic cash flow remains really good. I didnt think i could make this much money with this decline in revenues all that said, so what 400 other companies i ....