After an incredible session where the dow surged 223 points breaking through the key 28,000 level. While the s p gained 7. 7 . Six straight up week nasdaq raising on positive trade chatter. I think its within reach. We need to approach this with a certain amount of skepticism but theres a possibility. All that needs the to happen is that the chinese pay market prices for boat loads of pork and get an agreement that opens up their markets to our financial companies. Pork deal wouldnt even be much of a favor chinese need pork. Their pigs have been dropping like flies because of that swine flu. President trump knows chinese want and need our pork yet they keep trying to bargain with him i mean, come on. At this point, i dont think they are that far apart, at least not according to larry kudlow if china doesnt give in and order some bacon it could be curtains the if negotiations fail that ushers in the next rounds of tariff hikes which would, of course, go into effect in december and might
Comedian. Iill be sitting down with anotheround of heavyweights, including tim mstrong, brian grazer, and the chief eative ofcer for jawbone. Stment compane boosted their combined stake in twitter more than 5 . This is according to a disclosure made in the same week that jack dorsey was made permanent ceo. The purchase gives the company the secondbiggest stake in twitter, worth about a billion dollars. It puts him ahead of ceo dorsey, who owns about 3 . Trail cofounder evan williams. Brad stone and i caught up with ev williams earlier today in his first interview. Since naming jack dorsey permanent ceo. He was on the executive search committee. We started by asking him about their decision. Ev everyone knew jack was capable and he had a unique perspective on the company. There is a question of could he do both the twitter job and the square job. So we wanted to see what our options are. That was our job as a board to look for and why. Eventually, we thought the combination of what jack
Another round of heavyweights, including tim armstrong, brian grazer, and the chief creative jawbone. Or lead, a vote of confidence for jack dorsey. Andi arabian billionaire his Investment Company have boosted their combined stake in twitter to more than 5 . Gives the company the secondbiggest stake in twitter, worth about a billion dollars. It puts him ahead of ceo dorsey, which owns about 3 . Stone and i caught up with ed williams earlier today in his first interview. He was on the executive search committee. We started by asking him about their decision. Knew jack is capable and he had a unique perspective on the company. There is a question of could he do the twitter job and the square job. We wanted to see what our. Ptions are eventually, we thought the combination of what jack brings to the table and what he had already done in the last three or four months convinced us he was the best person for the job. Emily how do you really feel about the fact that he is doing two jobs . Elo
They say there is no evidence they stole debit card pins. A dutch investigation points to a belief that the Malaysian Airline plane was shot down by a missile over ukraine. The u. S. Has said prorussian rebels probably down to the airplane this summer. Listen up, ladies. Goingchoo is close to public. Theyre seeking a valuation of about 1 billion. You can buy a lot of shoes with that money. They areack to apple, expected to unveil the next generation of iphones, heating up the battle for the smartphone market. We have talked about this the last several days. Cory johnson is at apples home. Lay this out for us. Apple is trying to regain some lost ground in the smartphone market. That is fair. They have had a successful business, but a market in 2007, a market that apple stormed into and dominate, that is not the case anymore in terms of global competition or the smartphone business. Samsung has eclipsed apple. It is possible in revenue as well, samsung is outpacing apple. Apple is lookin
Verizon is holding up the best along with merck and walgreens but all still lower. S p 500 down 3. 6 . We are looking at our worst day in a while the nasdaq down 4. 5 , worst day since june for the nasdaq. Tech is the hardest hit right now. As weve been seeing in this bear market when Interest Rates spike, the 2year yield is at the highest level since 2007 and those Interest Rate sensitive tech stocks are getting slammed. Ill give you a live look at the worst performing s p 500 sectors right now. Again, every sector is in the red. At the very bottom of the list as you can see communication services, technology, discretionary, financials and real estate. That yield curve inverting even further where the 2year yield spikes over the 10year yield, a signal of recession. Were all over this market recession. Weve got a great lineup of guests including david zerbos, anastasia ammaroso, dan niles and jason thomas well start with the market dashboard. Our senior markets commentator mike santoli