Is tech in trouble, have the stocks gotten too expensive . Do we need to worry about what happens with the group if President Trump cant find Common Ground with president xi and with the market at lofty levels, the s p back slid and the nasdaq gained 2. 4 its something that Money Managers will talking about it was cleverly titled changes and the big takeaway was it was time to lighten up on my Favorite Group which is technology their thesis theyre worried about it shifting to the tech war, American Companies only buying from nonchinese suppliers and you have the strong dollar to worry about with tech rallying you have a crowd of weak headed investors who head for the hills at the first sign of trouble. We heard some discouraging things in technology look, just last week, cisco it gave a downbeat forecast for the reasons that bank of america and merrill cited. Even though it represents a good balance sheet, some okay growth, investors are soured on it especially some of the big guys bec
And while fizzling on ibm, theres one ceo in particular that mr. Buffet really admires. Well have details in a moment here. He doesnt own his shares, by the way. Aparentally not. Constellation brands, corona on fire this year, theres the shares, up huge, about 17 . The cfo joins us exclusively to talk about the beer giants strategy moving forward. New report says amazons jeff bezos and apples tim cook could bury the hatchet. The hatfields and the mccoys getting together. Well explain a little bit later. Lets begin, though, with mr. Buffets market moving comments on ib mrgs today. This is what he told becky quick on why he sold a third of the shares. I dont value ibm the same way that i did six years ago when i started buying them. I mean, overall, i think the six years that i revalued it somewhat downward, and as a matter of fact, over the 180, we actually sold a reasonable amount of stock. You sold a reasonable amount of ibm . Right. Last id seen you, Something Like 13, 14 billion dol
Inaugurated on sunday next on the agenda, in france, two rounds of parliamentary elections in june. We should mention the jueuro jumping to sixmonth highs. Youre looking at european markets right now, across the board, they are down. In large part, they had risen, of course, on friday in expectation ever this news. In asia, japan rising 2. 3 overnight. The hang seng was slightly higher. U. S. Equity futures up right right now. Standing basically, marginally down about 23 points. S p 500 call it virtually on the nasdaq off by a point. In corporate news, sources telling cnbc that comcast and Charter Communications plan to announce a Wireless Partnership as soon as today. The partnership is aimed at cutting costs, as well as speeding up entry into the wireless market. As part of the agreement, Neither Company will make any deals in the Wireless World for the next year without the others consent. The move is renewing speculation that the two cable giants could make a play for a wireless ca
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
Melissa two isis prisoners are dead in jordan after jordan delivers on promise to avenge the killing of its pilot with either shaking action. President obama was to meet at 3 30 p. M. For a sit downthat was already on the books. We have fox news contributor, geraldo rivera, the host of geraldo at large. I will go to you first. What do you think of the optics of this meeting in the face of everything that happened yesterday. Meeting in jordan or in washington . No, no washington. I like the fact that the jordanians, let me start with the jordanians, they are central it to this. They have a wonderful army. They are battle hardened. They have not really committed it. They have had the air force involved in coalition strikes. Im heartened by what, i am heartened have sunni muslims demonstrating in the streets against sunni muslim extremist violence this despicable act, burning this man. That is as far as i know first time weve seen sizable sunni muslim demonstrations against the isis outra