Dave Cote News Today

The faang index down 1. 7 . If you can believe it, from the low in march to the recent high, the faang index up more than 100 . We are seeing healthy consolidation. The question is whether or not there is more to go. If yes, there could be big pressure on the indexes. David i can believe it because i read it in your note. Big tech is one thing. It has gone up a long way, but can it come down without taking the rest of the equities down with us down with it . Abigail very difficult. The reason100...

Have one today, chipotle, the companies that fell a great deal and made a snap back like tulio where it makes it so you can take your Small Business and take it large, what do these things have in common . They are omni channel for companies that would otherwise fail i think its this is ingenuity quarter. I know there will be people who say its a v quarter, i know there will be people who say its because the fed i think its companies that recognize what was the matter and found ways to make mone...

Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of peop...

House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to m...

Times. There will be increased security zones, though, in the embarcadero. Musk muskogee center, the waterfront hill. So if you work or live in a restricted area, keep in mind you could have your bags or packages checked delivery trucks leaving the roger the have to be cleared at pier 27th. And well hear right now from the chief of police. He talks about how it stay vigilant and patient during this time. If and when protesters show up, we will be deployed to handle that. We have extra officers t...

On the ev front, including the chinese ev maker thats making its debut right here at the nyse, and new data shows tesla is losing market share in china. Plus, apple apologizes for its controversial new ipad ad, saying, we missed the mark. Lets begin with the markets. We mentioned the s p, jim, trying to make some alltime highs. Was that 5 pullback it got digested it got digested, and then the money didnt go back to tech it might happen today because taiwan semi had its monthly report and it was ...

The Semiconductor Index is catching my eye. Up 6 10 of 1 . The story is told much better when we look at the individual movers. Intel is down more than 2 , based on a story that researchers have found vulnerabilities in their chips. That vulnerability has not necessarily been found. Advanced micro devices and macron, they are some of the smaller rivals getting a boost. The best performer today is based on a Goldman Sachs report that financials will continue to outperform in 2018, based on tax re...

Premarket. Microsoft and intel are moving lower. Weve got a first look at the economy under president trump. It was a weak First Quarter, the question of course is has growth picked up since then. Starbucks out with results, the stock is slipping. A live and exclusive interview with Ceo Kevin Johnson and now chairman Howard Schultz. On the tech earnings front, amazon as you may know by now surpassing forecasts, getting a lift from the Cloud Business. Alphabet also above consensus as mobile searc...

Funding. And twitter Ceos Jack Dorsey purchasing more stock. Are investors buying it . As we said some big earnings from the likes of apple and facebook. We have the fed meeting two days. We have the jobs number. The french Elections Come up this weekend, jim. Everybody is looking at seasonality trying to figure out what may means for stocks. What are your thoughts . Well, for years i always felt that you do not want to be in tech because were about to go into the summer slowdown for europe. Act...

The biggest mover when you get sort of adjustments, well, a little bit. But not really. 2. 35. Kind of hanging in there. Crude oil has been one of the bigger stories of the week of course with its significant drop over lets call it the last week or so. Oh, its a crash. Crash. I would put it when you have its almost one of the things that we have to talk about was there two hedge funds somebody didnt liquidate it. 53 or 54, straight line, i think it borders on a crash. Straight line. One of the s...