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From pimco, head of asset allocation. We are going to now take a check 2 00. Kets at a couple of hours left in todays trading. For that we go to abigail doolittle. Lots of chinese internet stocks on the move based on actions i jp morgan. Baidu shares are down sharply, one of the worst drags on the nasdaq today. After j. P. Morgan downgraded to underweight, they say the core internet search business is under pressure as advertisers are looking to go to mobile platforms. A stock already down 10 this year. Well. Are lower as j. P. Morgan has downgraded this stock to neutral. Margins could be unde...

Being found. The u. N. Security council is poisessed to vote on what the u. S. Says would be the strongest set of sanctions imposed on a country in more than two decades. Five draft resolution seeks to limit banking and cargo supplies the white house says the draft follows extensive conversations between the u. S. And china. At the u. N. , she joins us now, so what is new with this resolution . Well, according to the u. S. Am bass tor this is the most far reaching strictest sanctions resolution that the United States has put forward in more than two decades. It is much broader in scope than pa...

Protect our coast, our immigrant communities and our seniors. A changing of the guard in the south bay. The former candidate for san joses mayoral race is now the new president of the Santa Clara County board of supervisors. Dave core cortese is expected to outline his goals later this month when he delivers the state of the county address. This is a fluid and critical time in washington, d. C. Republicans now rule both houses of congress and president obama is looking for some Common Ground during his final two years in office. Nbc bay areas Steve Handelsman joins us in washington this evenin...

Has seen Discretionary Spending drop three years in a row. Never before in my lifetime have we seen such a thing. I credit this body with being a driving force in that because we were elected by the American People who want to see their fiscal bucks put back in order, but we succeeded on the discretionary side. Discretionary turns out to be the easier nut to crack because that money doesnt go out the door unless this u. S. House of representatives acts. That distinguishes it, mr. Speaker, from mandatory spending. Thats the third set of columns on my chart. Mandatory spending, as i said, 2 3 of...

And everything we loved buy, buy, buy. Sell, sell, sell we now hate. Some stocks, the cyclicals and especially the oils were laid to waste while others, the Consumer Product stocks roared higher almost regardless of how theyre doing. All this action is masked by the averages. The dow sank 54 points and the nasdaq declined 5. 47 and underneath the market is seething and roiling and you know what . Its begging for prognostication. So what is going . Why are we tossing out the Natural Resource stocks and embracing stocks that do well in the slowdown . Three reasons, the United States, europe and ...