You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific
Right now. Take a look at what happened in asia overnight, as well. A lot of these headlines hitting as japans market was opening there. That was the first sign that argentina was not going to be able to make its payments. As you can see right now, the nikkei closed down by about 25 points. The shanghai, though, was up by close to 1 . Among todays tests for the u. S. Markets, we have economic numbers, more earnings that will be hitting. At 8 30 eastern time, we will be getting the weekly jobless claims numbers. Polled economists were filed last week, up 21,000 from the week before. When it comes to earnings, Oil Giant Exxon mobil, Conco Philips are both reporting. Mastercard and kelloggs, those are among other names that well be expecting today. Right now, lets get over to michelle with a roundup of some of todays other stocks to watch. A number of companies posting results last night, becky. Revenues came in just shy of expectations and the company is cutting its full year forecast fo
Long this weekend. No. You want to rein in your horns . If i want to buy something, ill buy protection and in the puts and vix but i wont go long. Are you going to be buying what hes selling, Matt Cheslock . If you want me to. No way im throwing in the towel now. The market has gone away from me. Im going on the same premise as ben. Volatility has been awesome as far as trading goes. A 170point reversal. Dow down 116 on the open and then even more than that. Wonderful trading down here but maybe a sign of a little bit of a top. You feel we are getting a distribution top here. Not accumulating. No way im going home long. The sky isnt falling from sequestration so thats a good thing, too. Were focused on hoops right now. Got a little playoff game. Good to see you guys. Have a good weekend. Pleasure. 15 seconds left. The dow up 25 points, a volatile week comes to the end. What will the month of march bring . Well resume that again on monday. Have a good weekend. If i dont see you later, m