This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Termination of and kirkpatrick now and were told that this was a week in conversation but they have been monitoring this about 2 and a half years we do also want to say that. She. There will be an acting chief to take her place until they move forward with a nationwide search to take this new job but lets take you into the press conference that just wrapped up minutes ago. So tonight. Oaklands Police Commission voted to terminate the chief and request that i as mayor join them in a joint no cause termination which i accept it. The Police Commission is the communitys voice. The voters of oakland and 20 16 created the most powerful and independent Police Commission in the country. Tonight they exercise that power. Its my duty as the mayor to recognize the role and authority of this commission. And also to recognize when the trust between the Police Commission and the police chief has become irrevocably broken. That will prevent this city from moving forward. Now on they would not discuss
Leaders making the announcement late this evening. They say the decision was a unanimous one between the mayor and the members of the Police Commission was made during a closed door session kron fours gayle ong was there when that announcement was made she joins us live from oakland with more gayle. And this all went down about 2 hours ago here at city hall and mayor libby schaaf said she called and kirkpatrick after the vote. Thursday night, the city of oaklands top cop is out of the job the oakland Police Commission voted unanimously to join air shaft. In terminating the chief of police about cost the announcement the citys Police Commission chair Regina Jackson lasted about 2 minutes after meeting with mayor libby shaft and other commissioners at city hall for hours details on what led to Ann Kirkpatrick firing were not disclosed other than this was a no cause termination a Personnel Matter there wasnt enough. Leadership. And so that we needed new leadership can i do not regret choo
And linking up. We get an exclusive check in with the linkedin ceo. Jeff weiner. His thoughts on the Company Three years after microsoft acquired the job listing site. But first, to our top story. A late developing shakeup at the top of oracle. The ceo is stepping down for health reasons. The company did not specify what issues he is facing. But executive chairman released a statement saying oracle has an extremely capable ceo and an extraordinarily deep team of executives, many with long year tenure. Joining me to discuss, Bloomberg Intelligence Senior Analyst in new york, and with us, Global Executive editor tom giles. Thank you for crashing on this. How surprising was this announcement . Tom as far as his leave, there have been signs over the last year that he may not be unwell. What was not expected was the announcement to come today. And because they had not announced until now, there was a question mark about whether they would and whether he was getting well or not. It took us a
More precious than faang, the one surprising investment thats making some more money than all the top tech names that you know its thursday, august 29th and Worldwide Exchange begins right now. If the black keys cant get you going, i cant help you friends. Good morning, good afternoon, good evening, where where ever in the world youre watching look at this, dow futures are soaring up 209 points right now. They were not like this a couple of hours ago futures made a dramatic move around 3 00 a. M. New york time this morning, look at that boom, were muddling along down a couple of points this is at the same time that the Chinese Commerce minister, china opposes any more escalation of a trade war. They hope the United States will show sincerity and concrete action adding both trade teams have been in touch and are working to create conditions for what they call successful negotiation. Futures were up 209 right now. The bond market is not moving as much on the headlines. Yield still low, a