accused donald trump of partying adolf hitler. what s your reaction and how you and other republicans feel? 76% of the american people, not donald trump, believe the border is broke snoon what about that language? the poisoning the blood? i m worried about an outcome. you have endorsed president trump. are you comfortable with him using words like that? you know, we re talking about language. i could care less what language people use as long as we get it right. that s republican senator lindsey graham refusing to condemn donald trump s use of hitler rhetoric during his campaign rallies. we ll have more of the president s disturbing comments just ahead. plus an update from capitol hill on foreign aid packages. the funding is being held up by gop demands for stricter immigration policies. plus, we ll go through the biden administration s latest push to urge israel to scale back its war on gaza. good morning and welcome to way too early on this monday, dece
The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week, with AI-chip star Nvidia swooning 10% on Friday after a nervy week for the sector. But with four of the Magnificent 7 due to report corporate updates this week - Tesla, Meta, Microsoft and Alphabet - the alarming recoil in tech behemoths is now top of mind. The 10% drop of artificial intelligence bellwether Nvidia on Friday is perhaps the most eye-catching move of a pretty dour week for sector.
Worries about the soft landing sent stocks tumbling. The second busiest week of earnings season has four of the Magnificent 7 report earnings, which will be crucial.
Goldman Sachs believes tech shares will come under pressure and prefers areas like energy and Japanese shares, said Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions.
For many investors, one of the brighter stock market stories last year was the remarkable rise of the so-called "Magnificent 7" stocks, the name given to a group of tech companies that outperformed.