And bob pisani at the New York Stock Exchange hey, robert. Hello there, old friend narrow trading range were down second day in a row, but a small trading range. 16 points in the s p 500, maybe 200 points in the Dow Jones Industrial average the nasdaq, though, is eking out small gains. The dow gainers for the month, theyre still the gainers for the day. Look at apple, look at nike, look at sisco, all up on the month. The laggards, its interesting, the ones that are down in the month of december also down today. Boeing had a tough month even disney. They topped out the beginning of december, 153 now, 143. Visa ending down today a little bit here that was a big mover all throughout the end of december the one sector i would point out to you is the Energy Sector. Oil exploration product up again today. And you know all of those really beaten up small Exploration Production companies, witing, southwestern, all terrible year, terrible three or four years since the tax law selling seemed to
How facebook is fighting fake facebook, facebook on paying tribute to game of thrones as they do that. Fixates on trade tensions between china and the united states, another dispute is weighing heavily on chipmakers. Slappedk, japan restrictions on exports heading to south korea. Samsung, south koreas largest company, slid nearly 3 . Another company dropped 1. 5 . Together, the two Companies Account for 60 of the worlds memory chip capacity. Upsetting supply chain for iphones tofrom laptops. Why is this happening now . This is something that goes back over 100 years, you could argue, with japans invasion and colonization of korea. Korea argues, you never apologized. The japanese side says, yes we did. This appears to have bubbled up. Emily could it have anything to do with President Trump and him taking a similar tact in dealing with china . Ian that is the argument, that the japanese side, for domestic political reasons, they are saying, weve had enough of this. This is something that
Manufacturing contracted for the tenth straight month, and contracting at a faster pace. And this ban on Insider Selling will end in a few days. China put in some Circuit Breakers that remind me of 87 and they didnt know how the Circuit Breakers would work. They encouraged selling, not discouraged it. The communist party can be late at figuring out what to do. I would not count them out in terms of their ability to manipulate the market back up. One thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. They have abilities to stop selling, including making it criminal prosecution. It could be criminal again to sell. That we all know thats true. Could be a White Collar Crime once again to sell. So, the idea that you think china will be down multiple days f youre selling stocks because of that, the communist party wont let that happen. Some say the manufacturing data from december was not a big surprise, and perhaps it was
Brought to you as a Public Service by your local cable or satellite provider. Aneesh chopra, in your book, innovative state, the first three words are government doesnt work. Why do you say that . Guest i think it captures the spirit if you ask the American People in general, are you satisfied, the numbers are at an alltime low, and the perception is it isnt working. And even early days in the Obama Administration we saw some of the more challenging launches of services that really we shouldnt expect today in successful, modern, techdriven economy. And closing this gap was a big part of the motivation both for my term of duty in Public Service as well as why i wanted to write the book. Host the subtitle is how new technologies can transform government. Guest yes. Host how does the u. S. Government use technology, and does it do it successfully . Guest well, were moving in the right direction, to be sure. I try to spend a lot of my time thinking about American History in the book. You g
Take. So lets a for get about the number on sequestration but the up front cuts on sequestration and doesnt allow you to property monitor sequestration to sustain readiness and sustain us. And we have to cut things, because it becomes too expensive to cut it and you dont get any savings if you cut it very fast. Until the out years. From the out years. What is the net readiness impact . And some say it is plus or minus there is no middle grund on it. And how serious of an issue is it . So let me put in very simple terms. A brigade, which is the center piece of what the army delivers to our security for, our joint security forces. Theyre not going to the National Training center. They dont have dollars to train at their home station. And so we still have brigades, but if we ask them to go, they are not trained properly. And so what does that mean . That means when they go, it will take them longer to do it, and they might have more casualties, and so to me, that is not acceptable. And so