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Suing Taiwan Semiconductor for using patented chip technologies. The u. S. Trade agency imposes import bands that could roil the market. First, to our top story. Days after escalating the trade war with china, President Trump says beijing badly wants to make a trade deal. Pres. Trump i think they want to make a deal. Im not sure they have a choice. The united states, which has never collected . 10 from china will, in a fairly short period of time, will be over 100 billion in tariffs. Taylor to discuss more, i want to bring in peter. It is very interesting. We sat here friday and the stocks in chipmakers dropped 4 . The sentiment has improved. Would you agree with investors that we got an improved reading today on trade . Peter it is mildly better. The reason that trump is saying the chinese won a deal, to me that shows that trump wants a deal. You can regard that as tr ....
And months ahead at the center of the drama, of course, today the currency clash. President trump accusing china of currency manipulation as china lets the yuan fall we have got the details of the punch and counterpunch plus, the consumer crush the names the trade war could hit hardest, as well as which ones could actually benefit from escalating tension power lunch starts right now lows of the day on the dow right now, 781 points. The next two hours will be big trade headlines sinking stocks today. Kayla tausche covering all of the trade angles for us, as she has for months now but lets begin with bob pisani at the New York Stock Exchange hey, bob and tyler, todays declines are very broad based everything, except maybe gold and utilities. Lets take a look, down 1. 5 to 3. 5 Technology Stocks down, bank stocks down. Consumer discretionary down, energy, industrials ....
Good friday morning. Welcome to squawk alley with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously watching these markets here dow is down 331 after yesterday, deep in the red. The dow, the s p, and the nasdaq are all on pace for their worst week of 2019 tech names getting hit pretty hard, apple, alphabet, facebook, intel all down around 2 , guys this is a period in which trade concerns might result in selling thats a little more indiscriminate than weve seen in recent months and among the tech names, a look at cisco thats down closer to 4 . Some other cloud names not doing so well. You see, dell is down more than that you know, Network Appliance well, that one has its own issues but certainly, hp down 5. 5 a lot of these trade issues rippling through not just the names that hav ....
In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as ....