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And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest tech stocks so here is the question. Are stock prices in big tech stretched to a point where the value wakes no longer makes sen. We have the editor and chief of the verge joining us we have not seen valuations among the biggest stretched to this point in a long time. I kaech hearing this whole peer group value thing, but what if theyre all o ....
Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not ....
Likely it is that huawei will get those licenses and the department of commerce wouldnt say specifically they wont get any licenses, they said they will review those on a casebycase basis you can imagine given the administrations crackdown now its going to be difficult for huawei to get any of these licenses from the United States to use this type of technology back over to you. Eamon, its jon what this seems to me to be is something that introduces a lot of uncertainty into the Semiconductor Industry in general. I mean if you look at chip equipment suppliers, if they cant supply technology to one of their major customers, that has an impact on their ability to make money. It has lots of follow on implications down the line is it your sense that the administration is taking an initial stance and looking for room for flexibility and to negotiate or is this something the ....
Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of t ....
Contribution to the u. S. An extraordinary year to look forward to. Abby, thank you for being with us. There is a lot to talk about in the next halfhour. I want to talk about immigration and the central bank. We have to talk about the markets. You have been the gloom cruz great pin yada. They love to go after abby great pinata. s they love to go after Abby Joseph Cohen. When does it end . All forank you first of having me here for this discussion. Gloom at year end 2018 in many ways set us up for a great start to 2019 in the markets. One of the things i am concerned about is just how happy everyone is at year end 2019. I think what is priced into the market right now is an economic scenario that seems to be the most likely no recession, the economy perking up a little bit, corporate profits in the mid Single Digits, maybe a little higher. It is priced into the market. When ....