Thats unbelievable. Bob has more on whats driving the action bob. Thank you were seeing some rotation today. Its about time and thats a really good sign for the market. Well see if that holds. These things come and day. The banks have been drooping a bit. Nn energy, first rally really in a month. Tech is sort of inline today thats interesting i want to show you something health care is lagging nap was the Leadership Group this the the rotation im talking about. How about tech tech is up its an interesting form of tech its Old School Tech hewlettpackard is up nice today. Xerox is rallying. Corning is rallying. Thats old school stuff. Hoe about the megacap stocks the big five names theyre up i want to point out, they were very late to the party today those stocks were all flat at the open a lot of people are offsides today. Look at the estimates out there. Theres been some conneequity ad mutual funds that tells you a lot of people are not very optimistic. 2939 that was the old high at te
Josh lipton joins us with a look at the incredible stock, the incredible year. Hey, josh. Reporter carl, thats right. As 2019 comes to a close, apple investors have plenty of reasons to celebrate that stock has enjoyed a remarkable run surging more than 80 this year. That means apple is on track now for its best year since 2009 another way, it added 530 billion in market cap this year. Thats the equivalent of two netflix, three teslas, with a few billion left over. The nasdaq is market cap weighted, given apples size, it helped to power the index to a record 9,000 level today, most Analysts Covering apple rate it a buy. Nearly 60 in part because they think tim cook with the current lineup of devices will be able to keep iphone revenue relatively flat the next few quarters, even as services and wearables continue to go strongly theyre betting that should be enough to drive Single Digits growth for the company what are the risks for investors to consider . I caught up with gene munster,
Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the economy, we are a service economy, consumer is over 70 , one data p, as we go, the consumer what youre talking about the jobs and payroll, that would be more important as we go along. Maria look at the reaction, we have been talking about manufacturing weakening for a little while, dagen, but the market was sizable decline on this news. Dagen because this index contracted in august and expect today rebound above 50 plus and came much worse than expected, worse than literally every estimate that was o
Menu is making and welcome to the program. The us is poised to band tick tock unless the social media app cuts its ties to china. Us little make, has overwhelmingly voted for a bill which forces the chinese oh, not to sell the app, to an owner from a country other than china or face a total them. Now there are concerns. Social Media Service could be used to collect american citizens personal data, but it poses a threat to National Security. China has protested saying its unfair to use those arguments to bring down the competitive advantage of all the countries. My name is an showcase for goofy dances or a threat to National Security. How american c take talk could shut it down in the us. The house has given fight and the Chinese Company that owns take talk. I know to made them sell it or phase a ban has connected. It comes from it growing concerns over the chinese governments ability to access use the Data Collected by the app. Tick tock is a threat to our National Security because it
Ray addison. Good afternoon. One minute past midday and we start with that breaking news youve been heanng that breaking news youve been hearing in the last few moments. The first migrants have now boarded the bibby stockholm in dorset. Its not yet known dorset. Its not yet known exactly how many Asylum Seekers have moved into the controversial barge facility as the migrants arrived at the entrance to Portland Port. Demonstrators were assembled to protest against its location. Now for those of you watching on tv, this is live footage of the bibby stockholm and the gangway which the men will have used to enter the vessel. Of course, there arrival follows delays caused by health and safety concerns, including the Firefighters Union warn that the barge is a potential death trap. Safeguarding minister sarah dines told us it is justified. Despite those concerns. Despite those concerns. Tons thing like this where a large groups of migrants are congregated is never popular , congregated is ne