Fortt and sara eisen is joining us, working a split shift. The biggest loss for the dow since july 30th. Were back to 34. 30. Had a pretty good nice opening, john, as we got that trade deal commitment, the phone call between the reps between the u. S. And china then Consumer Confidence hits and it was just not enough to offset the best number for new home sales since 2006. Yes some things still creeping higher you see amazon a bit higher. Microsoft up about a percent alphabet, too. Adobe hitting alltime highs earlier this morning, which just goes to show, there are certain story lines in this market, sarah that continue to do well for sure, naturally, the s p 500 is positive because of those groups communication services, consumer discretionaries, financials are higher and the nasdaq just topped higher, john, as squawk alley started as Technology Goes green. I would just say on the consumer, this is a mixed picture were getting. Confident was down, all of the components of it, carl, we
Out. The billionaire Tilman Fertitta will be here power lunch starts right now the dow making major moves to keep up with the changing times and the changing economy bob is looking at the moves and how they will affect the markets. Bob a bit of a shake up in the dow but the moves make some sense. Let me explain why lets take it piece by piece first we have salesforce. Com replacing exxon mobile the apple split has reduced the tech weighting in the dow and we need more Technology Sales force reflect the growing importance of Software Overall in the u. S. Economy. You dont need two Oil Companies in the dow you dont need exxon and chevron with energy only 3 of the s p one of them chevron will do. Lets look at the dow industrials. Pfizer is the lowest stock price in the dow the price would be even lower. Another reason to move it away amgen is reflecting the growing importance of the biotech space. This sounds like two industrial swaps and they are theytheon overlaps a bit with boeing now,
Cspan3, government officials and scholars discuss the peace building process on the korean peninsula. That gets underway at 10 30 a. M. Eastern. Susan cspans newsmaker this week is representative mike rogers, republican of alabama, a Ranking Member, the seniormost republican on the Homeland Security committee and a Senior Member of the House Armed Services committee, which puts him at the nexus of many big issues we are talking about this week. His district is home to fort benning, Anniston Army depot and Maxwell Gunter air force base. We are going to start with military related issues, congressman, let me turn you over to our two reporters scott wong of the hill and Anna Giaritelli of the washington examiner. Scott, you are up first. Scott congressman, thank you for being here today. We have learned President Trump approved military strikes against iran in retaliation for downing a u. S. Military drone. He called that strike off 10 minutes before it was scheduled to happen. We know th
Thank youcongressman, for being here today. We have learned President Trump approved military strikes against iran in retaliation for downing a u. S. Military drone. Off 10ed that strike minutes before it was scheduled to happen. We know that gop leaders, including Kevin Mccarthy, have said there should be a measured response to the downing of the drone. What is your own position on this issue . Do you agree with gop leaders that we need to see retaliation, and what might that look like . There absolutely has to be some response to that provocative, unprovoked act. But it does need to be measured, and i think thats what the president is trying to decide, whether it needs to be a kinetic strike, like was being planned, or something in the way of other diplomatic approaches to put pressure on them. But i dont know what his thinking is right now. I think he is going to take some response. Reporter do you believe some members of congress have said the president , before he takes any sort o
Giaritelli of the washington examiner. Scott, you are up first. Scott congressman, thank you for being here today. We have learned President Trump approved military strikes against iran in retaliation for downing a u. S. Military drone. He called that strike off 10 minutes before it was scheduled to happen. We know that gop leaders, including Kevin Mccarthy, have said there should be a measured response to the downing of the drone. What is your own position on this issue . Do you agree with gop leaders that we need to see retaliation, and what might that look like . Rep. Rogers there absolutely has to be some response to that provocative, unprovoked act. But it does need to be measured, and i think thats what the president is trying to decide, whether it needs to be a kinetic strike, like was being planned, or something in the way of other diplomatic approaches to put pressure on them. But i dont know what his thinking is right now. I think he is going to take some response. Make some