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It. Often in just gone 2 oclock in moscow. You watching r. T. International and the luncheon corridor with the only road link between me and yet im not going to cut it back. Region has opened and it comes as moscow sends more peacekeepers to its mission in the disputed area. A week after negotiating a cease fire between armenia and azerbaijan, this is footage of Russian Military equipment. Arriving at the observation post trolls will monitor the truce and help the rebuilding process after the war. Correspondent, going to get his reporting from the area where its a russian peacekeepers. Observation. Post the monitoring station just outside of the now is it about dr. He held this is something of us real experience because we see behind us russian peacekeepers standing together with johnny troops. Very close together and just behind them, meenie and troops. These are neutral territories. These are areas to which is good by johnny f ....
Were at the lows of the day thats where we are. About a 600 point loss for the dow. Nasdaq a bit more than that. The russell which has been a real outperformer giving back 5 now. S p coming off its best month since 1987 we have come a long way off the lows april was an incredible month. We said best since 87. Are we primed to go higher in may . Are we poised to go lower because of how far we have come . You know my answer is i can make the case for either way but what im going to tell you is the weekly closing candle is disgusting now we had a huge comeback but even at its peak which i guess was some time yesterday or the day before, only 0 of s p 500 names had gotten back above their 200 day. So you had almost a third of the market back in some semblance of an up trend and we rolled hard look whats rolling. All of those beaten up names that rally this week, the airlines, the oils, the stuff we said okay, thankfully those shareholders got a breather trashed again today. Rollovers and h ....
Grasso is back welcome, steve. Thanks for having me. Technology making a move higher thanks in part to the semis. First you have that semi upgrade from Goldman Sachs thats put a flame underneath the whole space. Theyre leading and also have the f. A. N. G. Stocks reporting. Thats what is driving the market action. Does it tell you something about the cyclical leaning. It tells you it gives you the impetus of, hey, what got us there . What is going to be the mainstay people like to keep riding the horse thats delivered the returns and that horse has been tech. Horses are scary. Lets drill down on the big stories were watching a meeting with chip executives will take place. Phil lebeau, a credit warning or boeing and bob pisani are looking at the other moves and seema mody looking at the impact on oil and iran. Ylan, lets start with you. Its expected to get under way in a half hour several of the executives are already here my collea ....
Questioning where your growth is going. Yeah. Whats happening . First of all, i think we need to control the narrative a bit. When people refer to the last Earnings Call we were for q3, plus 22 on the top line and plus 23 on the bottom line. We narrative we taught about is where we saw operating income. Fourth quarter, great back to school. We felt good. What weve learned though and i think what weve seen is this business is much more. We have a Growth Company. Current outlook has double digit plus growth which is close to industry in sector leading amongst the leaders there. Our business is so young, our business is really just getting started. We look and you think of the opportunity we have is that we do need to make certain i understand investments and this isnt investments be damned. Im the larger shareholder. We remain committed to it. We have a great business and a grea ....