Trying to stuff the January 6 riot right down the memory hole. But how does Memory Work exactly. A leading expert will tell us what to remember coming up. And later reporters in two tribune newspapers are trying to find buyers for their publications and well talk about why and what is going on in a few minutes. And here for the first interview about the new book about Jeff Bezos and amazon. But first is the Usa Suffering from a bad case of foxitis . And is it hurting Americas Pandemic Recovery . That word, foxitis, it was coined by a lawyer defending one of the suspects in the protrump riot. It is that Fox News made me do it. Fox mania the lawyer said. He said his clients lost his Job Due to the pandemic and then watched fox constantly for next six months. He believed what was being fed to him. Indeed many fox viewers came awe with a distinct impression that President Trump was robbed, that the election was rigged. But that is just one of the symptoms of foxitis. Other possible symptom
Merger deal with pfizers generics unit. And disney domination. The studio breaking an alltime record for annual box office earnings, and of course, it is only july. So, theres a lot for investors to digest this week with stocks at record highs. Jim, coming off of those on friday, you were out, but a lot happened good to have you back. Thank you the starbucks calls kind of the emblematic of what happened this quarter. Starbucks had run big. So you had to figure, no matter what, how could it really move then it goes up big dollars because its better than expected, better than feared what were seeing are companies that we were worried about because stocks have run, and then the stocks do okay. So, this is a short sellers dilemma. Lets say youve been betting against companies because you truly believe theres been an earnings deceleration. If earnings just stay in line, the stock flies. If earnings are a little bit below, the stock doesnt do anything. Right. So, theres just this kind of bid
Bell. Lets check in on the markets with just under an hour left of trade. We are off the lows, which for the dow is down 250 points were currently down 162 but still declines for the three main indices the dow down 0. 6 the s p down 0. 4 and the nasdaq down 0. 3 real estate, financials, health care the only positive Sectors Energy very much bringing up the rear with oil prices slipping over 3 . Lets get right to it with our closing bell exchange. Joining us today is sam stovall from cfa drew mattis from metlife and our own Rick Santelli at the cme group in chicago gentlemen, as always, hello to all of you is this just an opportunity to lock in profits after a record run or is there really a tantrum going on about the fed still i think theres a combination. I think what has triggered the likely digestion of the gains weve seen, remember this is the third best year to date performance since the end of april weve seen since world war ii and usually in that sell in may period the market de
Good tuesday morning, welcome to squawk alley. Im Carl Quintanilla weve got the best rally here since april 12th or so as stocks are in the green after yesterdays steep drop nasdaq coming off the worst day of the year. Our bob pisani is with us with more, good morning, bob. Good morning, carl. Were bouncing off hideously oversold positions particularly in industrial stocks and some of the semiconductor names. The s p 500 is only 4 off historic highs i keep noting that because its true but weve seen a lot of damage in the markets here big trade names are bouncing, 3m, boeing freeport a horrible month, metals are a mess. Theres a lot of concern about margins on the iphone, you get morte far more tariffs coming in here. Intel is back to where it was trading in december. Intel gets maybe 30 of its reference from china look at that, sitting right there. Other big names like 3m and dowdupont also down dramatically here the tariff impact is hard to model, we dont know how long its going to go
Form POS AMI Thrivent Core Funds streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.