Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt joins us from investor day for qualcomm, first one since 2016 a lot from jon throughout the hour, including a sit down with the ceo exclusively in a few moments. We start with tech on a tear, on pace for the best year in a decade, shrugging off mixed earnings concerns. Sectors off another record close. The dow is selling off, down 120. Buyers beware. Some say were set for overbought conditions when it comes to tech. We talk more about this and the market at large. The chairman of Global Internet banking, good to have you back. Thanks for having me. How do you put the run weve seen, especially in things like semis into context whats driving it . It is amazing, nasdaq up 28 , driven by bigger cap companies, apple up over 60 , microsoft up over 40 , facebook up over 40 to add to the point, semis has been a sub sector, up 58 , driving growth other s
Why ray dalio is warning of a coming capital war between United States and china. And taylor shift not shaking it off her feud with two wellknown music executives and she is taking it to new heights Worldwide Exchange starts now. Ive got a feeling well be hearing a lot of taylor swift this morning im dominic chu in for Brian Sullivan this morning friday november 15. Dow up by about 95 points and nasdaq up about 37 we are on pace for the fourth straight positive week for the dow. Yields have come off their highs. 1. 85 for the 10year benchmark wise twoyear 1. 61 we are watching the difference between twoyear and tenyear notes. Lets go worldwide the nikkei up baut 7 and the shanghai off and the kospi seeing a big move there. Hong kong economy has plunged into the first recession in a decade as violent protests paralyze the city. The second straight reading of contraction. We are possibly now, if you look at some measures, in recession in hong kong in european trade, the dax up. 3 and cac
Johnson. Alix it is 30 minutes into the u. S. Trading day. Here are the top market stories that we are following for you at this hour. Tech and luxury tumult. So tech and luxury stocks were the superstars in the u. S. And europe and now they cannot find their footing. Were going to see if its time to buy. And my confidence level is, i dont know, were going to see. The latest read with instant analysis from dana peterson, chief economist Center Leader of economy, strategy finance at the conference board. And all the buzz from oklahoma city. Tripledigit oil price, politics, supply, china, all the hot topics from the American Energy Security Summit in oklahoma. More with my exclusive interview with rick muncrief. From new york, im alix steele with my cohost in london, tom mckenzie. So i came from my time the oil patch in oklahoma city. Guys going to his fun time which is on airplane show. So youre right in the middle of that for us, tom. Tom we have the Consumer Confidence and now we get
Level. But we do have clear sky for the most part, couple every residual clouds allinall not bad start to the morning. Here is the thing, guys. These are your actual air temperatures, i would knock ten to 5 degrees anywhere the wind blows for feels like values. Those are the values you go by , in short, you got to bundle up. So it is technically 38 degrees at the airport, maybe even another degree gets drop off before we see the coal, still chilly outside. Looking forward, the kids and yourself indicating wrote here today, waiting on train platform, waiting for the bus and waiting for even few minutes, youll feel that so be ready but have shades ready , nothing but walltowall sun throughout the day hit high of 48 degrees by the time we hit the afternoon, still with a hint after breeze, but that wind will begin to ease up. Thats always helpful, too, meisha. Then moving forward, new front coming along, ill let you know if it impacts holiday travel. Really good to know, thanks so much. Lo
Against waging war and against especially the vietnam war at the time. There were also people, president nixon among them, who thought that patton was pro war. They were dealing with the same exact movie. It became kind of a litmus test for them and you could see it and understand when scott comes out in front of that huge american flag, how that makes us perceive what were going to see on the screen itself. I like to think the book that i wrote, the Research Guide to american war films i was a coauthor i teach film and so we had a really Nice Movement there. I would like people who read that book to see how film influences war how war influences film. And i think it works both ways. I think the image of war on films influences the feelings, the attitudes of the people who fight the wars and perhaps even the way that wars are waged. On the other hand, i think that the way that wars are actually waged influences the way that films are made and how it shows it. How each new generation of