Catch up to the market. Well explain. The action begins right now. Lets get right to it, starting with a big week for big tech. Amazon and apple making multiple record highs this week while netflix jumped 4 . Facebook announced a high adding to the tech rally. With stocks at record levels, do you stick with technology . Lets get to the money right now. Mike, what do you say . You know, were about to hear from carter on this. Until were about to, i would have to say, usually you would stick with whats working and you would stick with growth and you would also stick with something that people just dont seem to be able to short. Amazon certainly falls into that category. So you know, i mean, when im trying to look for a place that you do see topline growth, where you see consistent eps growth, and this seems to be the sector where you see it, but valuations are the worrisome thing for me from a fundamental point of view. For technology, do you think valuations are out of hand . Microsoft
Well. But i like how you mentioned brazil. To john for air and 10 minutes in brazil but between brazil and the philippines, a lot of emergingmarket politics going on within the student of economics and finance. Of economics stew and finance. Francine now, lets get to the bloomberg first word news. Nejra Bernie Sanders is not going away. He says he will fight for every last vote. Night, he defeated democratic frontrunner Hillary Clinton and the West Virginia primary. Lead inlinton has a big delegates, closing in on the number she needs for the nomination. Meanwhile, Presumptive Republican nominee donald trump won in both West Virginia and nebraska. He faced voters for the First Time Since rival ted cruz dropped out. British prime mr. David cameron may have an awkward time and ofrats when the leaders nigeria at afghanistan visit this week or he told Queen Elizabeth the two countries are extremely corrupt. Prime minister cameron nigerians, the leader is fantastically corrupt. Nigeria and
Tom, we had a little bit of eurozone data out. Continue watching a lot of the banks. We are waiting for Standard Chartered. Hsbc all about costcutting. I do not see how that could be a good strategy. Costcutting is front and center but all the focus is away from Standard Chartered on those European Banks. Bid thisbit of a morning. Francine they do a little bit. Certainly some of the stronger banks. Standard chartered coming up, we have to look at pretax, worse than expected. It is the Capital Buffers that investors are watching out before out for. Ct1all, that first half capital ratio 13 13. 1 . Pretax a little bit below. Capitalirst half ct1 ratio 13. 1 . Tom Standard Chartered is an emerging market proxy. Youve got the mexican peso out to to 19. That is all you need to know about emerging markets. Ian markets more than Central America but you make a very good point that this is not really a u. K. Bank. They are headquartered here but it is an asian bank. Lets get to first word news.
Them could impact the business world. And a new peek at the hyper loop. 060 in 1. 1 seconds. Phil lebeau is there and well have the latest del tails. Holy cow. Plus the governor of North Carolina will join us to discuss the impact of that controversial bathroom bill thats caused hundreds, from businesses to boycotters to ban his state. Take a wlook at all of the names being dragged down by macys. Sales missed expectations and also slashed its outlook for the year. That is its fifth straight Quarterly Sales decline. Rick snyder who had a hold rating on macys. We saw this take the whole sector down. Is this telling us how the consumer or brick and mortar is doing . Im not sure it is necessarily about either. I think it is about categories. And i think a lot of it is about weather, kelly. We havent had seasonal weather now for about a year. And i think if we can get a good cold winter the stocks can pick back up. You are telling me that 15 drop is on weather . If thats true that would see
South korea were closed for whats the mid autumn festival there. And the european equities, things are up. Cac is flat and if ftse is up by 0. 2 . This morning crude is up by 24 cents still trading at 24. 81. Lets get you caught up on the busiest day of the week. The bank of engallant is going to be announcing its latest policy decision. Expects to leave rate. Jobless claims are out at 8 30 time. The Producer Price index and september philly fed index and at 9 15 look for august Industrial Production. We talk about the apple iphone a lot. Apple now saying the initial quantities of its iphone 7 plus are sold out. Thats the one i want. The new gadgets will hit store shelves sometime tomorrow. Consumers wont be able to buy sold out phones but the company will continue to take orders online. I wont be releasing its first Sales Numbers of the iphone 7. Why . I think they made that decision a while ago. It reminds me of the details. In fairness to apple, nobody else does. Samsung doesnt. The