Two tech ipos making headlines. Plus Morgan Stanley, as carl just mentioned, upgrades tesla. Analyst adam jonas predicts a 60 rally, largely fueled by a. I. Were also getting shares of qualcomm up ahead of the open. Chip company saying it will supply apple smartphones through 2026. Lets begin with jim in san francisco. As we said, dreaming up for gearing up for dreamforce. Jim, going to be a busy week. Whats really crazy is that theres adam jonas just stealing the whole show. Theres conferences in washington, theres conferences in san francisco, and he makes it so its about tesla. All i can tell you is that out here, its just dreamforce is the aai force. David, you know this from when you were with musk. If you dont talk about a. I. , you sound like youre clueless. If you do talk about it, you better start having something to back it up. Adobes got it. Oracle tonight. But theres a lot of just a. I. Chatter that i think is just chatter, david. Right. And that is a key question for inves
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas
Records, tax reform and that surprise special election result in alabama. Plus a little more clarity and an update on disney and fox. We are less than 24 hours from the announcement of that deal. Apples billion dollar fund finds another investment fin asar surgeries on the news as apple builds on lasers and specialized chips. The fed is expected to raise Interest Rates again today as it concludes its twoday meeting. If so, it would be the third rate hike of the year. Then this afternoon the president is said to deliver remarks on tax reform as happens trying to put the final tuchoucs on the bill. The president is going to have lunch with some members of the Conference Committee it looks like theyre trying to meld the two by from the, get it to his desk by the 20th. Maybe corporate rate to 21, some compromise on mortgage interest deductibility. I think its interesting also just in terms of what would pass versus not if you had democrats. A cut of 37 in the top tax rate for individuals,
Investors closely watching the d. C. Tea leaves for signs of a shutdown. Apple does appear to be poised to repatriate billions in overseas cash and flepledges to create 20,000 over the next five years and over a new campus. Morgan stanley beats the Investment Bank reporting growth across the board first up stocks are coming off best day since november. The dow closing above 26 k for first time the s p and nasdaq seeing fresh record closes. The tech sector led the way posting its best oneday performance. Got to go back to october, jim, for tech having a better day than wednesday. There were two tech rallies yesterday. There was one stimulated by asnl its a european company, they make gigantic, the size of city buses, capital equipment, machinery and they say listen, the demand for semiconductors is off the chart. That then triggered a big rally in the Texas Instruments of the world. Micron and the second rally was kind of confused it started with apple saying these things but apple had
Astounding number, there are over 200,000 isis tweets per day. How can we possibly get a handle over this . The chatter is so high and the volume is so loud that its difficult to get a handle. This isnt terror as usual. This is terror gone viral. I come mebd the fbi, Homeland Security and state and locals for their disrupting of these many plots. But as we saw in chattanooga, we cannot stop all of them. In this age of peer to peer terrorism, authorities are searching for suspects who use secure aps we call dark space, to communicate and crowd source their calls for attack, inspiring operatives who never have crossed into the borders of syria, but cross over borders through the internet to conduct acts of terror. Isis cyber commanders now regularly send out internet directives and missives to their followers, as we saw in garland, texas. Sometimes our first indication of a hatched plot is an internet hash tag. We need to have a frank conversation in america about the challenges posed by