Hedge. Our next guest says that apple, netflix, and facebook are recession resistant. Were joined by steve malonovich first. Its been up and down m micron had a tough number. But tech is holding in yeah. I wonder i mean, where do you think how would you characterize sentiment right now if not on tech than on faang alone . We actually did a survey earlier in the week. And on tech overall, investors are moderately bullish for the quarter and next year. However, theyre much more balanced on faang. Obviously with the regulation concerns there, there are some worries about faang. For the most part, the big cap tech names are holding in. I got a question for you on sometimes faang member apple whose headline is out about them this morning suggesting that iphone 11 demand is better than expected but ive got two buckets of concern about apple. Im hoping you can adjust. On the near term side, it has to do with supply because of the looming threat of tariffs december 15th. Might apple be orderin
By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th
Have an exogenous event that drags down the whole mark and always say this could be the opportunity to get your toe in the water if youve got some spare money lying around yet after senator marco rubio said he couldnt vote for the tax bill the market took a hit and dow ultimately dipping 77 points s p declining 0. 41 and nasdaq edging down 0. 28 . How many took this moment and treated it as a buy, buy, buy im betting most of you didnt i dont want to get in front of this d rail freight train. Not after weve rallied hundreds of points based on the idea this tax bill will pass yet, the risk of being a pollyanna, id like to point out this is precisely the kind of event that brings out mass sellers, especially in the s p 500 stocks, well, and then creates the momentarily proverbial sale. Sell, sell, sell. On coveted merchandise you would otherwise have to chase to own and always say, look, theres a store that throwing a sale in the mall and, hey, lets get mothballs and im a buyer. Same kind
Will the president elect deliver on elevated expectations . The pound tumbles and the chancellor Philip Hammond repairs to attend a conference with Angela Merkel today. How hard will the conversation the . Be . Than one half hour away from the european open. Lets look at futures. Outlierooking at a ftse once again. Yesterday we had the ftse close up, the dax closed down. Today we have ftse futures up of 1 . Hundredths unchanged there across the board. Not a lot of actions. A lot of news today though. Is interesting is the commodity space, what is happening with gold, what is happening with copper overnight. That is an interesting story. The dollar dipping a little bit and that is understandable, given what is happening. A bit of nervousness in advance to wednesday with donald trump. Hear from janet yellen thursday as well. That is something to bear in mind. The bloomberg dollar index down one 2 10 of 1 this morning. The euro is up, we like to see the swiss franc up just to make it more
Interviewed a witness. The former gang member who was in custody on a drug charge, told nbc bay area he suffered a broken jaw and permanent nerve damage. He beat guards the next month, which tyree said made him come forward. Robert powell said he told his client about the arrests and powell said they both feel satisfaction and cynicism. My client is happy about it in some sense, its not going to be the restitution he needs for the injuries he suffered, because theyre life altering. In fact, the d. A. s office says the officers face a maximum of three years in jail, a court date has not been determined. The Correctional Officers union issued a statement condemning all behavior, they also said not to prejudge the officers. Robert honda, nbc bay area news. Thank you. Ill show you the other three correctional deputies that are facing charges. Matthew farris, jerry lubrim. Theyre accused of killing michael tyree, all three pleaded not guilty to murder and assault charges. Theyre expected ba