A big move from stock, consumer launch from amazon big picture. This home in tech is about a new series of overlapping platform wars tiktok versus instagram. Sws versus aftezure julia, i would argue u. S. Versus china is shaping up to be a platform war platform war, jon, what youre saying is reciprocal trade. Were seeing this between china and the u. S. The question of whether it makes sense, safe for americans to have these chineseowned Companies Operating here in the u. S. Keeping in mind that u. S. Owned companies are not allowed to operate in china. Im talking about facebook i think its interesting to see how that dynamic plays out and this question of whether or not there should betiktok, mayb going to address that issue. Sand then apple, youre referring there, of course to this battle between epic and other companies that are participating in this new coalition. And apple in this battle over that platform. And those fees, right . Well, i am talking about that, and mike, im also t
Flying tech name your Investment Committee is stephanie link, josh brown and michael farr great group. New highs earlier on the s p 500. Markets have cooled off a bit. You have the dow down 182. Apple is one of the stocks ma weighing on the dow. You sold 20 of your positions in apple and nvidia. Are you sure it was hard to find a buyer . Love you, sully i dont know why were saying this is a big move or bold move. They hear the part they like its the opposite of a bold move im playing chicken. Im saying nvidia and apple have become too big a part of my portfolio. I have tons of apple exposure elsewhere. I own the kwqs everybody owns apple my lifetime exposure to apple is high all im doing is keeping 80 of my position inted of 100 . Its not that bold im doing the same with nvidia these stocks have plooned. Its like risk management. I dont want to be out of these stocks i just dont want to live my entire life based on how they do each day this is what all prunts investors do its what im d
Reputation that caught our attention. It is discrepancies in the rules. Earlier this week, the director talked about how it should be used. It was narrowly focused on looking at the pay roll and trying to help those businesses keep their employees paid. Yet newly released date eight shows 730 corporations, including several employment agencies all report zero employees. Yet they cash in the on 257 million in fulling. They did not retain any employees is a lot costly there be another explanation . If it says zero, i have to believe its probably more of a data reporting error or a field the bank didnt capture for some reason. Reporter heres a question. Why would an application for a milliondollar loan be approved without the company even identifying jobs would be retained in. An shoot outrage. The real incentive for many of these companies is that even if they knew they would have to refaye loans because they didnt use it toward saving jobs, they were able to benefit from the extremely l
Expectations in the Second Quarter but in an interview the ceo confirms when the troubled boeing 737 max will be delivered. We cant finalize what our costs have been as a result of these delays its a dialogue that continues with boeing. And saudi aramco finally launches its highly anticipated ipo with a domestic listing set with december but offers little detail of what may become the worlds biggest ipo. The percentage of investors, international ones versus domestic ones is still yet to be determined after we do the show, the Book Building and after that the price range and fixing the price. Good morning and welcome to the show, street signs is back after being off air for a week kicking off the show today, we are getting some manufacturing data out of the eurozone to give you the october final numbers for the eurozone as a whole 46. 6 thats a little higher of the flash estimate of 46. 2 and higher than the september reading of 46. 1. So manufacturing still moving in the right directi
On the desk tonight, bonawyn eison, courtney garcia, guy adami and steve grasso we start off with stocksslidin into the weekend, dropping sharply midday the selloff seemed to be sparked by apple the worlds Biggest Company closing the day down 5 , its biggest loss since last september for a week s p 500 and nasdaq both more than 2 . Each indices posted their worst weekly performances since march. The vix rocketed higher closing above 17 for the First Time Since may. Is this a case of as goes apple so goes the market what can we expect courtney, what do you think . I think when it comes to am you saw apple traded lower around 2 00 and so did the marks. When you look at the s p 500, apple is the Largest Holding whats happening today is apple was not doing well amazon actually was doing fantastic but apple is more than twice the weighting of amazon, so thats why the markets are going to take the lead there not the mention that fact that Berkshire Hathaway also owns apple. The markets are r