The nikkei appoint 47 today. Lauren amazon apologizes to impose after misconduct from the head of the programming unit. Fbn am starts right now. Train 25 01 a. M. In new york. Monday, october 6 team. Im cheryl casone. Lauren im lauren simonetti. Thank you for joining. Cheryl first and foremost, more revelations in the Harvey Weinstein scandal. We are not we are not letting the story go. We do have serious breaking news out of the south. A powerful oil break explosion happened in louisiana. At least seven people have been injured, one person still missing. This happened just northwest of new orleans. A platform thats used for transport of oil, a number of wells in that location in the oil is transferred at that point. Every subject from the firefighting standpoint is trained to step the oil flow with a sandy and at that point we will have to cool it off. Cheryl oil owns the oil rig. Officials say Drinking Water in the area will remain safe because its pulled from the nearby Mississippi
Intel does. They design them. And they are basically an intellectual property firm. As everything becomes a computer, they are really important. About 15 billion chips with arm designs shipped last year, up from about 6 billion in 2010. So lots of obviously the smartphone revolution has been huge for them. But everything is a computer now. So arm has really capitalized on that. About seven years ago, i went out to cambridge in the uk and did a feature for Fortune Magazine on arm. They were at a plateau period because smartphones hadnt really taken off. There were questions about whether theyd be able to take on intel. They successfully did that. Now another period where smartphones are successful but their growth has starred out. And now theyre looking at the internet of things. The challenge that arm has had, and they were talking about it seven years ago about the idea of smart washer and dryers and refrigerators. There was no Single Player that was going to drive that market the way
Absence of negative news, guess what . We bow as we did today with the dow finishing down just 25 points after having fallen 203 points at the opening, the s p actually advancing. 0 and the nasdaq gaining. 5 . We were able to bounce because we are very oversole and a lot of the sellers and the flailing hedge funds gone wild seem to be out of the picture for now or margined out of the picture is like likely. When you borrow money from the broker, you are pushed out of the picture pretty darn quickly by a margin clerk demanding you sell other stocks or else and in the absence of forced selling played a big role in todays comeback. In pack, now weve anyone from panic where we saw the bottom yesterday, some 450 points ago into complacency as in all is well. Many people think were out of the woods, but thats exactly what no bottom until checklists are made of. Checklists that give you a Real Foundation for a move up and not a tradable one where we have to sell on the strength. Remember, i w