Index, measures the strength of manufacturing slips to the lowest level since 2009, everybodys going to freak out theyre worried about a recession. Which is why the dow lost 304 points, s p 5001. 23 and the nasdaq dropped 1. 13 that was last week now this market was due for this beatdown but i also told you that i dont believe were headed into recession. Im standing by that position. But the recession thesis became more compelling today and you need to get your head around it if you want to understand this market so let me lay it all out for you. One place. The single biggest problem behind the recession thesis is the president s trade policy but maybe not the way you think. Trumps towers and chinese exports have done realdamage t the chinese economy. Second largest in the world. As china falters, it is taking the rest of the trading partners with it, especially europe, throwing worries about brexit along with a lack of fiscal stimulus from germany and you have a worldwide slowdown goi
To leave and try to help you the best i can general paxton from texas. Thank you all for being here. Pretty remarkable day. I never thought id be standing in front of this many cameras in front of the u. S. Supreme court. Thank you for being here i want to thank my fellow ags. We have 50 attorneys generals from across the nation who are involved in this investigation that were leading from texas. I cant tell you much i appreciate their support and interest were witnessing the press concerns just beg conference just beginning with 30 or many state attorneys general are gathering. Lets get some insight from our tech panel and what to expect and the stocks impact. Stephanie miller is cofounder brett, im curious in terms of what youre expecting from this, if anything in terms of a policy implication. Its priced into the stock what is priced into the stock in your view . We look at the activity over the last year of the regulatory overhang and google is up 16 here today stocks barely budge
It will cost a consumer about five dollars a month. How the price and content stacks up against other streaming content companies. And the hits keep coming. Mutual fund giant fidelity reduced its wework valuation by 34 in march, adding to the Office Rental companys preipo woes. But first to our top story, it was a big day for apple as the tech giant launched its newest hardware at its annual Product Launch in cupertino, california. Among the new items, a new apple watch and a lowcost ipad, not to mention announcements tied to its new services, apple tv plus and apple arcade. But as always, all eyes were focused on the freshest versions of the iphone. This is the iphone 11 pro, and these are the most powerful and most advanced iphones we have ever built in a stunning new design. Taylor apple unveiled the iphone 11, the iphone 11 pro, and the iphone 11 promax. The iphone 11 is about 50 cheaper than the iphone xr, coming in at around 700. The iphone 11 pro will still hit the same 1100 mar
Carol from fighter jets, computer chips, lasers, and the market for nitrous oxide cold brew. Joel what we decided to do was cover every single element on the periodic table because ultimately, these are all business stories. This is the story of business. Carol you took us places there were a lot of surprises for us and we think of the periodic table as old and it is such a bigger thing and it means a lot today. Joel it is the wrong way to think about it. If you associate it with High School Chemistry class and get anxiety, forget about it. We wanted to make this fun because things like helium, party city is Closing Stores because there is a helium shortage and yet there are entrepreneurs who are trying to solve that problem, for lithium and you think about Battery Technology and what electric vehicles will be possible, for hydrogen for that matter. Everyone of these things we take for granted like a computer chip and how many elements are required to actually make this. They are hidde
Lets check in on your markets and see how things are doing in terms of yields. You can see the u. S. 30 year yield coming down further. 1. 96 . Yield at. 98 . R i feel like i must be seeing something wrong because that would be insane. It is actually 1. 47. Im sorry, italy, thats what got me off track. I thought i was looking at u. S. Treasurys, that would be nuts, dropping 50 basis points in minutes. That is the italian 10 year coming in below 1 . With stocks opening down and turning higher after we had some positive trade comments out of china. Lets get first word news in new york. We begin in italy, where conte will get a mandate to form a new government after the former alliance collapsed in chaos. The new administration will include the fiveStar Movement and the democratic party. Those rivals have little in common other than a desire to avoid an election. Country isa, the looking to extend maturities on over 100 billion of debt. They want to delay repayments to the imf after a col