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Estate being among the hardest hit. Planning to peaches beaches planning to reopen in time for memorial day as well as clubs in florida as there has been a resurgence of the credit virus in texas. I will ring in taylor riggs who has been digging into the movements of the day. Early losses and late game, where did tech land . Taylor the second day in a row with earlymorning losses that transitioned into gains in the afternoon. Tech for a second day upper forming the s p 500. It is not coming from big tax. The ndx, the nasdaq 100 the other performer. You are not getting the leadership from big tech you would expect in a rally. This is the second they were big tech lacked and the other performer in all of the tech stocks. You mentioned retail sales and Industrial Production all bad news. On the flipside, Consumer Confidence better than expected. That is where you get ....
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning ....
The day after may soon be aokay with your boss. It is wednesday, september 25th. Fbn a. M. Starts right now. Brandnew day. A brandnew day. Lauren it is a brandnew day on fbn a. M. Good morning. Im lauren simonetti. Cheryl brandnew for your money. Good morning, everybody. Im cheryl casone. Lauren it is looking a little better this morning. Lets show you yesterday after House Democrats ramped up demands to impeach President Trump. The s p 500 and nasdaq seeing the worst days in a month. Cheryl taking a look at futures, were seeing more pressure man. We had stabilization earlier in the market. Global markets under pressure. We have further fall for the dow, 72 to the downside, subpoena down 9 andahalf s p down 9 andahalf. Lauren the yield on the treasury stands at 1. 64 . Cheryl taking a look at oil, price of crude is lower again. Saudi arabia continues to repair their facilit ....