The russell up nearly a full percent. The broader markets, though, flat s p just lower dow, just higher joining us for the full hour, stephanie link very good afternoon to you thanks for having me. Markets flat overall, but whats happening underneath . Massive rotation today, and it actually started over the last couple of weeks and a lot of that has to do with a little bit better Economic Data that were getting around the world. Even over the weekend, we got the export import numbers out of china. And even though they were down year over year, the trend is still definitely up. And this comes on the heels of better pmi so i think a lot of it is a little bit better Economic Data. And then its this trade talk seems to be making some sort of progress so the cyclicals are actually the ones that are leading. Its financials, tech, industrials. And within tech, its se semiconductors versus Software Software is actually getting slammed. Is it that the expectations came down too far, too fast,
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
Elected officials, and industry executives discuss during a series of panels hosted by the panels moderator was steve clemons. Im one of those people who admit to going to davos. And this is not to be nice to one of our later speakers, cisco has the chalet on the promenade that you can go win, and i get obsessed with it because you can watch in realtime what they are tracking nefarious activities on the global web. In the internet. Im fascinated by the sources and i am also fascinated at how the sun moves, and how cybernefarious activities move and i always thought connectivity created this problem between trust and fear. Do you trust the connectivity or should you fear it . And im interested to hear how you look at that equilibrium point of how you deal with risk and resilience and what you should be worried about and whether or not we are getting it wrong. Such a great question. I think its a mistake to trust. r it, but i think we should manage it. I think we need to have our eyes op
Elected officials, and industry executives discuss during a series of panels hosted by the panels moderator was steve clemons. Im one of those people who admit to going to davos. And this is not to be nice to one of our later speakers, cisco has the chalet on the promenade that you can go win, and i get obsessed with it because you can watch in realtime what they are tracking nefarious activities on the global web. In the internet. Im fascinated by the sources and i am also fascinated at how the sun moves, and how cybernefarious activities move and i always thought connectivity created this problem between trust and fear. Do you trust the connectivity or should you fear it . And im interested to hear how you look at that equilibrium point of how you deal with risk and resilience and what you should be worried about and whether or not we are getting it wrong. Such a great question. I think its a mistake to trust. r it, but i think we should manage it. I think we need to have our eyes op
Elected officials, and industry executives discuss during a series of panels hosted by the panels moderator was steve clemons. Im one of those people who admit to going to davos. And this is not to be nice to one of our later speakers, cisco has the chalet on the promenade that you can go win, and i get obsessed with it because you can watch in realtime what they are tracking nefarious activities on the global web. In the internet. Im fascinated by the sources and i am also fascinated at how the sun moves, and how cybernefarious activities move and i always thought connectivity created this problem between trust and fear. Do you trust the connectivity or should you fear it . And im interested to hear how you look at that equilibrium point of how you deal with risk and resilience and what you should be worried about and whether or not we are getting it wrong. Such a great question. I think its a mistake to trust. r it, but i think we should manage it. I think we need to have our eyes op