Therapeutics losing a third of its value after the cholesterol drug caused side effects in a trial. All right. Todays action a signal maybe that the market is turning just a bit . Those seven big tech names that carried the market last year, theyre starting just a bit to fade. In fact, theyve been fading for some months in some cases. So should investors now look elsewhere . Are old names becoming cool again . Seema mody is looking at the newlook ge which has been a stealth outperformer. Good afternoon, tyler. Thats right. Its not often an industrial stock outperforms big tech, but thats what were seeing with general electric, which continues to defy critics. Now, over 80 in the past 12 months. Its highest level since 2017, outpacing the gains of a number of tech names like microsoft, amazon and the broader nasdaq. Wall street really crediting ceo for its bold restructuring moves including the latest bet, spinning off energy into a stand alone company vernova. He is excited about stayi
Futures little bit negative here in the u. S. On over in europe, 1. 3 . Y stocks 600, down almost 8 last quarter, switch on the board. Global market being reduced to what feels like one big fat trade. Stronger euro. Score card and treasuries ahead payrolls. Yields pushing higher by two bases point. Crude prices down by 2. 43 . The bottom one, bought to you by saudi arabia. Love these little. Ponsorship we will start getting money. Justt to point blackberry cents a, loss of three share. Lets get a check of the headlines. Starting with saudi arabia is getting ready for the twilight oil age by creating the sovereign fund. Themmed bin salman said fund will control more than 2 million. Asset will be shared. At the Nuclear Summit in the focus will be on islamic state. President obama will try to efforts from again oh keep getting nuclearettin facilities. And new york are with the first states with the 15 minimum wage. Approved in california the higher wage to take effect 2022. L by governor
For now. Syria and iran mostly when it is midnight the cities of the international the russian president has championed traditional values of the state of the nation address in stores the country can defend itself if need be an increase in total a wide range of topics in his speech from the economy to international politics. On tuesday of this canal was listening to multiple men in the kremlin said. Its traditionally be comfy place to be to find out the president s vision off the presents and has plans for the future. Every year russias top politicians businessmen economists and the elites got it from and to listen to his annual address first had just returned from there as well. And here are some of the key points but you wouldnt have to make russia is looking at the meeting will but that doesnt mean it has to stop protecting its sovereignty and traditional values. It is revealed that there are even more people around the globe who support our position in terms of ensuring traditional
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