Since march 20th microsoft is in midst of its second negative week in a row. Amazon is positive for the moment if it closed lower it will be the fourth straight negative session. Facebook, will have its fourth straight negative session as well also pacing for the worst week since midjune are we at a tipping point, pete, for some of these big tech names . I dont know that i call it a tipping point. I think id sort of more tab this something of little bit of a rotation i dont know how long that will last well see. Its just in the early stages of this well see how much pressure really does get put on i think the names are very favorable. I think theres a lot of reasons to like the names. It makes some sense that we would see pause there. We have seen a bit of a pick up. You look at financials and especially the regional financial names and see a bit of something thats showing some signs of a little bit of life. Well see if that can last as well i can tell you this, right after the earning
Good morning, welcome to squawk alley. With me here at post 9, Kayla Tausche back again all three major averages hitting record highs the dow at one point within 150 points of 25,000 its backed away from that a bit, but were still keeping an eye on it. For more, philip swagle and jim paulson, chief investment strategist welcome to both of you jim, we keep hearing simultaneously that the market is rising on tax reform optimism and also that tax reform is priced in. Which is it . Well, its hard to argue that its priced in when it keeps going up every day thats for sure. I dont know what has not been vetted by the market as far as this tax policy is concerned the news has been out there for some time. People got a very good idea exactly what its going to be and already have adjusted their earnings estimates and so forth, so i sort of lean in the camp, too, that even though theyll probably pass it this week, most of that is included in the market here, but its hard to get in front of a one
What the heck is it . I will speak about this in the iowa broadcasters meeting week after next. What the heck is digital . If you try and call any of your friends this weekend youre going to get voice mail. Because they dumped orange the is new black season three. This is how People Choose to communicate. If we choose programing into the tower, out in the ether one off were leaving money on the table. We have to use the thing in the pocket used to call the phone as dvr of radio. Thank you holland. Chris, how are things at cbs . Ive been here all morning. Last time i checked it was good. Do you know something i dont know. No, no. Cbs right tony, i dont know. Things are good. We do invest a lot in live and local programing. You heard Mike Francesa speak about that today. If you put his station on today, fan, 24 hours, seven days a week, live and local. Wins in this town is still that way. 880 is still that way. That model is not gone. Is it more expensive . Yes. Is it difficult to find t
Connell good day in new york on wall street. The dow was up. Even though some in his own party dont like the agreement to raise the debt ceiling exchange for harvey funding. They were buying on the dip we saw yesterday. Right now to another important and developing story. That would be Hurricane Irma. Its sustaining category 5 wind causing widespread damage. Already flooding in the caribbean, the virgin islands. Puerto rico getting hit. It could directly impact the bahamas and maybe cuba as a major hurricane the next couple days. We are concerned watching florida. The florida keys and the east coast of the state. The entire state of florida is under a state of emergency. We have time stamped this so you get to thursday as a category 5. Friday, and early friday morning, it may weaken a little bit. If it weakens to a category 4, how much of a turn to the east do we see . Does it head up toward georgia, and South Carolina and hit miami directly. Thats a question we havent gotten a real an
Announce the charges in florida case with us for the hour today, joe terranova, stephanie link, josh brown and jon najarian and also gentleman gentleman theirian the nasdaqs skid would be a troubling sign it is the worst stretch in some ten months josh, im wondering what you make of what is happening with the fangs. Thank god im back. No one is talk lick wquidations today. These stocks are allowed to go down 10 it is not the end of the world and in fact i would actually say look at how well the market holds up in the face of the most popular hottest stocks in the market doing poorly. This is a positive not a negative so lets think about it. Apple down 9. 6 . The russell doesnt move the russell is up 6 this month. This is a good sign. You have an oil rebound, you have the itb, builders making new alltime highs as im talking. You have the transports within pennies of a new alltime high this is a positive, not a negative let these stocks correct they are up very, very big and at the end o