Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
The final hour and we did get some strong earnings from industrial names like Rockwell Automation and speaking of the president s speech, we will have the first reaction from the white house right here on closing bell. A live interview with top economic adviser larry kudlow in just a few minutes from now. And we will ask him for some clarity on china and the status to have the trade negotiations joining us now for the hour is steve grasso from stuart frankel. Kind of a quiet market day here, but perhaps a little bit of upward bias for a while until just the last several minutes. I think its about everything that you just touched on i think its the majority was President Trump, the expectations coming out of that speak that speech at the Economic Club. Was he going to unveil anything that the market didnt already know so once you get through it and there was nothing new that the market could bite into, the market sells off sort of an anticlimactic feel to the whole day. So we had some a
There could be a muted start. Turkey battles the kurds in syria, washington ready to hit turkey with sanctions if it oversteps the line. Shery we are seeing u. S. Futures higher at the moment after major indices on the u. S. Markets closed higher by more than 1 on friday. There was a lot of trade optimism, but suffice it to say stocks pared back early gains late in the afternoon session. There was no real signed document between the u. S. And china. We saw the s p 500 jumped the most in a month. We had Semiconductors Index gaining the most in five weeks. The nasdaq closing at the twoest level in about weeks. We saw a lot of movement when it came to treasury markets. We saw yield gaining ground and the risk on move affecting other Asset Classes like the japanese yen and gold. Lets see how we are shaping up. Off for then is long weekend. Asian stocks closed. The first weekly we are setting up for a higher open in the region. The offshore yuan trading around 7. 09. Goldmans expecting a mo
Outperforming. The Philadelphia Semiconductors index outperforming. This rally on trade optimism set to resume u. S. And china set to resume talks in october and strong Economic Data with jobs and services. We are seeing a rush out of safe haven assets. 2. 2 . Utures are down you can see the big like lower came one week after the Services Data around 10 00 this morning. Gold is trading around its lowest in two weeks and it is on pace for its worst day since june of 2018. Also selling off is another safety asset. U. S. Treasuries. You have the u. S. 10 year bond yields searching 11 basis points. A lot of selling and bonds. This is the biggest move upward in yields we have seen since january. Investors are selling bonds. That is helping financial stocks. Banks getting a boost from the higher yields. Also getting a booster the tech stocks, particularly the semiconductors. That on pace for the best day and a number of months. Individual stocks moving higher. Nvidia up 5. 5 , macron up 4. 5
Someone like Elizabeth Warren has been critical about how democrats in the 1990s negotiated nafta. It is all about having that breakout moment to get into the top tier of the democratic field. That is what some of these lesserknown candidates, someone like a Pete Buttigieg or a castro, they are trying to make the case they deserve to be taken seriously as someone like biden or warren or sanders. Look for that to play out, and just quickly, folks here are fired up from the base of the Democratic Party. I interviewed linda and lawrence bell, they traveled 19 and a half hours by car from texas just to come to this debate. They say they like beto, they like, let harris and even Elizabeth Warren. David that is impressive. I hope you do not have to drive from washington. I want to go to the Robert Mueller announcement. Lets turn to anna edgerson in washington. You normally cover capitol hill. Give us a sense on capitol hill what are people expecting hoping for coming out of the g20 in osaka