Page 2 - Pete Jon News Today

Last year. Interesting to contrast what is happening with walmart today with what is happening with amazon and the rest of big tech which is leading down the nasdaq 100. Amazon, facebook, microsoft and the likes of those names are drag it down despite the big beats from cisco and sales cost. Yes, crm was looking good. And now, the leading indicators are up 0. 6, and we talked to bob mctier and he said when you look at the cci, and the ppi and the confidence starts and the Industrial Production a...

Home, and so techs and fpgss are leading the way. Josh brown, time to be more bullish about the market despite the headwinds that are perceived to be out there . Well, i are will say this, if you are into the confirmation bias, you are getting it right now, because the tone seems to have shifted almost overnight, and we are challenging the old high going back to may and june of 2015. I dont know if this is the time that we punch through, but we have been here before several time, and this is whe...

We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin ...

Good morning. It is 8 00 a. M. In code conference here in rancho palos, and it is 11 00 a. M. On squawk alley are, and we are live. Good wednesday morning and we are live from the code conference, and Kayla Tausche is live at the New York Stock Exchange and here out west is with me is jon fortt and erinn lee and alex goodman. And now, the content is making headlines last night with jeff bezos, and here is what he said. I think of them as seeds being planted, and will ta turn into trees. And Amaz...

You were out yesterday whether it was sorros, icahn, these german 10year threatening the zero bound. Yeah, i did a piece on mad money when the rich people who are big Money Managers have this kind of natural disposition to being negative, we cant necessarily take cue from them. I take my cue from oil. There is no doubt about it oils under pressure today. I dont take my cue from europe anymore because i believe that if the dollar is weak, right now you cant have a weak dollar because theyre buyin...

On this story. According to sec documents in my possession, documents right here, pierson sold 288,000 shares on june 30th for proceeds of 5. 7 million. That was filed and is publicly known. Then on july 1st, and this appears to be new. The motherload. 4. 1 million shares, with proceeds of 82. 8 million. There was another sale known by now some 411 million shares, total proceeds from all this, 96. 8 million. My panel with me, and kate on the case. Boy, interesting. I dont think the market knew o...

A lot of other people did. A lot of people were short going into the report yesterday and looking for the market to make that big correction. They did what we thought they would do and, like i say, steve still had the odds as far as they were giving him those odz yesterday, they were very good. It was a reasonable bet that maybe something would happen. It didnt. They just have gone out and jawboned again, judge, and didnt do it. So they lose a little credibility for going out each time that they...

Microsoft, and googles Parent Company alphabet reporting after the the bell, and henry, microsoft is out with 5 of reclaiming the december 99 highs, and the value that intel wishes. Yes, the stock was in the tank for a decade, but a new ceo reinvigorated everything, and the Cloud Business is growing, and it is clear that they can make the transition with some of the products and maybe not all of them, but the question is how fast can they grow from here. And we were asking if the honeymoon perio...

Qua Quarterly Sales drop for 13 years, and the guidance is coming in lower than expected. And this is tim cook talking about it on last nights Conference Call. As we continue through the june quarter, id like to remind you that remeasure the health of the customer demand in sell through, and despite the q2 channel of the inventory in light of the Macro Economic environment we plan to loe wer e channel inventor ris in the june quarter to impact the revenue in q3. Apple is the biggest laggard havi...

You have to win it at the ballot box. Jon thats not stopping candidates from sticking to their talking points. Get rid of the Electoral College. No question that the popular vote has been diminished in terms of making the final decision about who is the president of the United States. We need to deal with that. We have to make some kind of structural reform to depoliticize the Supreme Court. Term limits for Supreme Court justices might be one thing. Im open to the idea of a Younger Voting age. S...