The Leadership Group right now so joe terranova, i go to you on that note, the melt up in tech seems to be picking up we asked the question whether the growth tech stocks wrestled the market back from value and then thats where the money is going to be made Going Forward clearly the mega cap growth names have wrestled the market back theres an added dimension to it, scott, being popularized in a lot of Research Notes im reading. Pippa stevens of cnbc has a great report element of esg investing and something i didnt think about in prior weeks but if you take all the esg funds, the largest esg etf, its popularized by all the names that youre talking about. The apples, the amazons, the microsofts, so theres an added element to these hyper growth names that are not just about the quality and the cash Balance Sheets and the very visible return to Earnings Growth but an importance as it relates to social and governance and youre seeing a significant amount of fund flows into esg and thats ev
Coming up shortly, we bring you an exclusive conversation with the ceo of Goldman Sachs, it David Solomon. He will join us and give us his take on the banks involvement in the aramco ipo. Let us talk about what is going on in the markets. This is the picture we get from the futures. Cac futures pointing higher. U. S. Futures also suggesting they are moving to the upside on the equity story at the moment. Let us think about where we have at anrom the dow alltime high catching up with the other u. S. Benchmarks. Global stocks up 19 year to date. The trade story is once again guiding the narrative. The Asian Session has been dominated for the most part. Broadly, the narrative around trade is news out of the u. S. And china and that there is as urge going on for a venue to sign phase one. And the discussion of the rollback of tariffs. Some of the emergingmarket equity market going higher and we are seeing money coming out from the yen as well which goes hand in hand with the risk on story.
The big loser yesterday has come roaring back today. We are looking at gains after a bit of a pullback yesterday. The nasdaq up nearly half a percent. Putting in a new alltime high. It does follow the more than 1 drop yesterday. The russell 2000 still about 1 below its record high. There are some strategists who think the russell 2000 shopping is could be a precursor for a nearterm pullback for the major averages including Katie Stockton of btig. We could see a nearterm pullback for the major averages. Would refreshs it a potential year and rally. Lets take a look at the small cap underperformance. Its a one year chart of the russell 2000 to the s p 500. Overall not doing much over the last six months. That going into september. Big smallcap outperformance. Lots of these companies are very u. S. Based. Very sensitive to the tax policy. Over the month of october really underperforming. This could be a tell on whats ahead for the s p 500 and the dow. Take a look at some tech stocks perfo
Papadopoulos r. Guilty plea yeand the indictments that came down yesterday is serious stuff as it relates to collusion. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2017] we are live on capitol hill this afternoon as congressional committees are holding three hearings today and tomorrow. Looking at russian influence on the 2016 president ial election. This is the first hearing that were about to show you. This is the Senate Judiciary committee here on cspan. Officials from twitter, facebook and google will be explaining how russian organizations purchased ads and they spread fake news. Mr. Graham thank you all. The subcommittee will come to order. Heres sort of the order of battle today. Ill make an opening statement. Senator whitehouse, senator feinstein would like it make one. I think senator grassley comes, hell certainly be allowed to do so
Mr. Graham thank you all. The subcommittee will come to order. Heres sort of the order of today. Ill make an opening statement. Senator whitehouse, senator feinstein would like it make one. I think senator grassley comes, hell certainly be allowed to do so. The title of this hearing is extremist content and russian disinformation online, working with tech to find solutions. Thats exactly what we want to do. Were here to try to find solutions. Let me describe, i think, the challenge. I doubt if i would be here if it werent for social media, to be honest with you, President Trump told fox news on october 20, 2017. So this is the president of the United States saying that from his point of view, social media was an invaluable tool to help him win an election. I would dare say that every politician up here today asking you questions uses your service and we find it invaluable to communicate with our constituents and get our message out. Not only do we use it, not only does the president us