Moves. A summer a very small moves, we have resumed normalcy once again. You are looking at some sizable moves in the s p. Oliver its a good reminder that normalcy is volatility. That is kind of the way it supposed to be. This board might be a positive. We have been looking for interest stock relations to break down. At the moment, this is pain indeed. Were looking at the dow jones. Everything from the biggest stocks to the smallest, everything is in the red. Its in the red by quite a bit. Small caps are leading the way down. This is the risk off mentality we have had since friday. Its a different kind of selloff. The contour is different when you look at whats happening across the sectors. Thees pretty much a racing the racing the gains from yesterday. Intoe looking at getting 2 down since friday. This is your today move from yesterday. We had a big jump yesterday on the comment from brainerd indicating she is a big. I dont think anything there was terribly surprising. Maybe the dark
Behind Hillary Clinton holding a fundraiser. Josh lipton is in loews all to. Reporter tim cook is hosting this fundraiser on his own accord. Cook will be joined by lisa jackson, she, of course, is apples vp of environment policy and social initiatives. For these two executives its really a way to passaic sure they have a friend in the white house if Hillary Clinton does win in november. If they can host a fundraiser that is a great way to ingrtiate themselves with a future party leader and to ensure if they have concerns legislative or other policy concerns in washington, that those concerns will get a fair hearing. So really this is all about access. About ensuring cordial relations so that they are in a position to call in this chit should the need arise. Reporter cook by helping to raise money for clinton is backing silicone valleys preferred candidate here, the Tech Industry has donated 3. 3 million to clinton through june, according to crowd pack. Trump has received just 117,000.
Higher welcome to squawk alley. Im carl quintanilla. Jon fortt and Kayla Tausche at post 9. Mike santoli is here along with confides president and cofounder john broad. Good morning to all of you. Our top story is apple moving higher again today, the top gainer on the dow. Stocks the number one winner on the dow this week, up 6 . Its been a big few days for tim cook and company, rolling out the latest ios yesterday. Sprint and tmobile reporting historic preorders for the iphone which hits store shelves on friday. Cook was on Good Morning America this morning talking about his vision for the future. Wireless is the future. And so, when you decide on what the future is, you want to get there as soon as you can. You know, why put it for the consumer . Well, that plug, that jack takes up a lot of space in the phone, and theres a lot of more important things we can provide for the consumer than that jack. We can provide a larger battery. The stereo speakers i mentioned, those were also enab
Good thursday morning. Business insider ceo henry blodget. Good to see you. Great to be here. A rally on our hands. The dow and the s p wiping out their losses for september. The industrials are leading the s p. Once again, henry, were at a stage where the fed acts, people who doubted their resolve get faked out, and a rush to buy again. Great to see a successful ipo. Always more fun when stocks are going up. I think from a high level as weve talked about in the last couple years, valuations are high. At some point if the economy keeps doing what its doing, chugging along, inflation keeps coming up, that will raise rates more aggressively. I dont think the outlook is great from here for a long time, but its in terms of equity valuation. I think so. Unless you think something has fundamentally changed with the Rate Companies can increase profits, which ultimately drive the market, over the next ten years, valuations are such well have very low returns from stocks on the order of 1 to 2
Have left its promise unfulfilled . For the next hour, youll find out on the africa opportunity. In africa, the optimism is infectious. The Natural Resources seem limitless. The population is young, growing, and educated. Yet today, the africa rising narrative is in doubt. Squeezed and Foreign Investors are pulling back. Is there a bull case to be made for africa . That is one of the questions we sought to answer in cape town. President ald caprica, of the African Development bank and now advises pdg, and sudanese billionaire. It is tough to make decisions for some countries, but africa has been there before. People misunderstand what has been happening with this continent. 1990 was known as the lost decade or 10 years of mayhem and decline occurred. 0 two today, african economies are larger. Now that is not going away because of the crisis. Example, the an fourth fastestgrowing countries in africa today have no fiscal dependence on commodities. There are a number of countries that hav