proposal we could see volatility on the wu witching day options is tote expire 59 minutes left of the session we re down 1.2% on the s&p 500 coming up on today s show, we ll discuss the massive week for the ipo market including debuts of snowflake and unity software with stacey cunningham. and jeremy siegel will weigh in on another volatile week third day in a row down for the s&p 500. six week lows here what he makes of the selloff let s get straight to the big stories we re watching though in this final hour of trade mike santoli tracking the market action steve liesman with fresh comments and joining us to talk about the latest on tiktok and wechat and what means for tech, big technology mike, start us off here with a selloff in the broader market. we ve been spending a lot of time at the lower end of this recent range maybe a little too much time down there for the comfort of the bulls. this is a relatively routine pullback for now 3300 or. so we hit that a few times
moment and the nasdaq is up another 76 our road map this morning starts with the stocks surge all time highs. it is longest winning streak big techs, big problem why the new head of instagram think breaking up facebook would make it a less safe space. share of beyond meat taking a dive after a downgrade the top is in only after 600% rally. someone else i know has been talking a lot about beyond meat which we ll get to a minute. this is a beyond incredible rally. the dow is up 1300 points in like six days. scott, great to see you first of all people came in your show describes it all the time. people came in short this month. why? because may is so bad. why would they? the president goes off the real with mexican tariffs. things are just too out of control. they just have this whole washington, it is just nasty today how does things reverse itself the risks are in we get a piece out i don t know if you saw a 50% increase break up google. 50% increase if it breaks up what
from stewart frankel welcome, steve thank you are we going to end the six-day win streak here? if we did would it be a shock? and it s still plenty of time for us to turn around, turn green. we bounced about 6% off the lows but we are not overbought. so to your point, i don t think that we necessarily have toned today but it s a good stop to say let s take a breather, we re still above all the moving averages in the overall market about 10 handles lower in the s&p cash but i still think we re on good footing. is 2900 a tough footh for the s&p? it is because it s a big fat round number so i think the 2954, the all-time highs, that s the tough number you have to worry about, not the 2900 let s focus in on the big stories we are watching. bob pisani has what s driving today s market which of course has been up and down ylan mui is watching a tech antitrust hearing on capitol hill and phil lebeau is covering tesla s shareholders meeting bob, let s start with you. le
or incident. russian foreign minister sergei lavrov and the chief negotiator of syria s opposition brainstorm ways to bring reconciliation to the war weary country . and a primary school in the u.k. caves into pressure and candles that blossoms on homosexuality after hundreds of angry parents kept their children at home in protest. a very warm welcome to the program from all of us here at r t h q and moscow thanks for tuning in this hour. we start with the u.s. where senior u.s. democrats are demanding access to all communications between presidents donald trump and lot of near putin that s amid allegations that the u.s. leader concealed some of what he spoke about with his russian counterpart the following request was sent to the white house. the committee s request the by march fifteenth twenty nineteen the department produced all documents communications regardless of form and classification to refer or relate to any communications between president trump and president put
morgan analyst ken goldman says and vest for years have asked if three g. s extreme belt tightening model ultimately would result in brand equity erosion we think the answer arguably came yesterday in the form of a fifteen billion dollar intangible asset write down for the craft and oscar meyer brands i want to think of that as a way to look at the u.k. economy or the american economy especially in the u.k. where you ve had mass austerity imposed on the people and there is like a that intangible brand of member cool britannia and all that stuff is just eroded when you actually see the mass homelessness this universal credit system which is imposing horrific grotesque publicity and marketing for the nation as a as a very vile sort of abusive and human rights situation i think there are going to mount it every train the craft heins hollowing. and destruction of their brand in the collapse of the equity and what happened in the with the austerity in the u.k. and the dismantling