Going to north korea for another meeting with kim. He hopes to revive the stalled Nuclear Talks with washington. Into quick check of how markets closed on the monday session in new york. Shery we saw u. S. Stocks falling, the s p 500 down 6 10 of 1 . And waiting for the enough my from President Trump on the next batch of tariffs on chinese goods, sources saying they could be 10 tariffs on 200 billion worth of goods. Investors sought refuge in industrials and energy stocks, but not enough to pull the markets up, with the dow falling and the nasdaq going down 1. 4 , led lower by amazon, microsoft and even apple falling despite the fact we got news some of their products might be spared from the next round of tariffs on chinese imports. Lets the how things are shaping up in asia. Sophie like in the u. S. , trade will take center stage in asia as well as waiting on the announcement which ups the chances china will bail on the talks with washington. Tech will likely be the weaker spot, as f
as well as me, this spring marks the 25th anniversary of her graduation from the law school. it s okay , tracey, you don t look it. i happened to be with professor meares for the john howard organization, a wonderful organization in chicago that works to improve the quality of illinois prison system. and one of the guests there told me that professor meares had just informed her that after earning her undergraduate degree from the university of illinois in engineering, she was contemplating going to law school. being an engineering student she didn t know much about law school and without much thought she was tentatively planning to go to georgetown. but according to the story, the then dean of chicago university law school gave tracey an offer, quote, she couldn t refuse. and so she ended up serendipitously in chicago and i m pleased to say i was that dean. it was one of the best decisions i ever made as dean in terms of bringing people to the law school with the exceptions
that we ve seen in currencies pretty much since the financial crisis. road map this morning, apple debuts as a dow component, set to begin trading as part of the enduring index. starbucks announcing new venture in china, testing delivery in new york and ceo howard schultz on mad money defending race together. target set to boost its minimum wages. but first up, the dow and the s&p set to open lower, one day after the big fed-induced rally and a drop in the dollar. intraday currencies some of the biggest percentage moves we ve seen since the crisis. right. these are legendary. you know stuff of when literally seeing the speed of light on trillions of dollars, trillions of currencies are trading, speed of light, very hard to get your hand on. the take this morning is that is a lesson for sort of ripple effects that are going to happen in relatively il liquidity assets as the fed normalizes. that s why i like stanley fischer the vice chairman knows what happened in 9
cisco beat expectations. john chambers did talk to cramer last night. jc penney narrowing losses but the news not great for kohl s. shake shack beating expectations with a nice profit. cisco revenue coming in at $12.1 billion 5% year offer year. here is what john chambers told jim last night on mad money. our company is the most excessive position ever. we moved from selling boxes to outcomes. you re digitizing every company every country. you change or disrupt or get left behind. cisco is the lead player. you saw that in our quarter and balance and the public sector business was up 6% to 7%. so was our commercial and enterprise. you ll see sus change that. routers up 6, switchers up 4. he came out swinging a way i ve never seen him including an analyst who doubted the term. he shot down competitors saying there is disarray in the industry. this guy is disrupting the disruptors. he says hp alcatel, lucent, all which were considered to be competitive have been left beh