Level of business engagement. If you go to Front Range Community college where ive been in colorado you will see they have an advanced manufacturing partnership. Its a partnership between the federal state and local government. You see that the curriculum is being devised in partnership with industry. You actually see that there are businesses whose workers are professors. And what they tell me is one of the reasons they love teaching is they cherry pick the best students. And thats fine. Thats how you build your talent pipeline. And so we need to continue the efforts. And, again governor fallin thank you for your leadership on behalf of Community Colleges. We had four years worth of what we call tax grants. We have since dismissed our acronym director because its a clumsy acronym. What it stands for is using Community Colleges to catalyze change in the work force system. What i learned from these grants is that oftentimes businesses werent talking enough to educators. And so in los an
Hello and welcome to daybreak asia. Interesting to see you in singapore now. You are all over the place. The markets are all going in one direction. By oneinto the trade hour, pointing to a higher open. But show the board where we ended up on friday. Another record run. The s p above that 2500 level. The dow and nasdaq higher. That is the picture in asia right now. Focus onabout the Central Banks with the boj and the fed going into that fed meeting, still under 50 on expectations of a move in rates. The focus is on the details of this Balance Sheet unwind. Thing is interesting we are focusing on geopolitics. ,e have campaigning in germany reports that there might be a snap election in japan. Kiwi dollar,d, the that will be tethered to the outcome of this weekends election. It is to tie to call. We are counting down to the open in australia and korea. Aussie futures up 16 points. Dollar Holding Onto Gains of . 80. In japan, a Public Holiday today, a chance for markets to them over the p
But at the highs of the session. , coming off the lows when the picture was looking a little bit worse. The picture improving. What is behind some of this, a low speculation, perhaps worries about tax reform and the Producer Price index come in hotter. Maybe worry the fed will raise rates a little bit faster than expected. There is also a cross asset picture happening, especially with oil. This is what started the declines. Iea cut its forecast demand for 2018, citing the 201 price gains and a milder normal7 milder than normal winter would temper demand growth. Thees below 57 and 56 to 55. 5 dollar mark on oil. That is translating to dragging down some energy stocks. Goldman downgraded the oil services and equipment to neutral from negative. Citing caution on their offshore drilling. You are seeing those go lower. Baker hughes is having a ge affect with the ge board may conclude they may need to divest investment, but it could take years. Bakeries use as well off today. Baker hughes as
At least thats happening on the dow and s p. The nasdaq still off the most and near the lowest of the session. Thats a theme we have been seeing. We are taking a look at the fiveday s p 500, where we have big selloff and then you start to recover is the day gets over. Looking to see if we can repeat that pattern again, the nervousness of the investors in the morning off of the headlines overnight and then perhaps trying to recoup some of those losses as we take a deep breath throughout the rest of the day. Some of the selloff we are seeing is happening across asset classes, particularly were looking at the bloomberg Commodity Index and oil is trading below 56 a barrel. With the bloomberg Commodity Index, its off 1. 3 , having its worst today since may, when it was off about 1. 8 . Now looking at the lowest since october 27. At 85. 87. Was looking at the commodity today. Wrapping up, i want to check in on some of the nervousness of investors that we have been , ining a little bit about
Can these stocks keep surging. With us for the hour, Pete Najarian, steve weis, also with us on set is tony dwyer. Weis, ill begin with you. You like this group . You own netflix. I do. You say you may buy facebook today . I would love to buy facebook. Ive been talking about it for a number of days, a couple of weeks. I agree that Mark Zuckerberg is one of those unique individuals, like a steve jobs, who is creating an entire new asset class, as we look at it, and technology, of course. Look, the nasdaq is not expensive. And if you its like 18 times earnings as you go forward, youre still going to have this low inflation. I mean, we looked at durable goods orders today it was a disappointing number. The revision was disappointing if you have that low inflation, youll want to go for growth youre not going to get the tenyear moving much above where it is. So growth is personified by the f. A. N. G. Stocks. So they will keep going. Theres no doubt in my mind in this environment youve been