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Getting hit the hardest, financials. The explanation there is the tenyear yield drops to lows. The low we are watching now is 217. Thats the low point of the year. We last hit it in april. There is clearly a flight to safety and out of some of the groups that have been winning the most, technology. Apple is one of the worst performers in the dow. In the dow. I am interested in how badly semi conductors are doing. Amd down some 8 . They didnt get more details on Gross Margins out of a company meeting. Invidia down 4. 3. Applied materials down 3 plus. These are significant moves in those stocks. I dont know if there is something bigger than the negative we have going on. Amd is up 209 in a year. A lot of people may look at their gains and said, im good. Ive got to go. I think the question people are going to have to ask is does the noise become so serious it ultimately impacts earnings and the economy, which is what this market has b ....
Story for some in San Francisco. Also at the pass. Thats a pretty picture right there. For those listening but not watching your 36inch high def, there you go. We have a cool pattern. Mike said best hair day ever. That is correct. Because his hair was going like straight out. Thats how windy it was. Mike is a good man and a heck of a tennis player when the knees are right. Right. Always have fun. Alex is always a good sport with that. 31 Miles Per Hour at fairfield. 21 at vacaville. Gusts to 50 at ultima pass. 35 in San Francisco earlier. 25 still at sfo. It will be a blustery day under partly cloudy to mostly cloudy skies. A system getting what is that . Oh, see. We were talking about this up in mendocino county, Sonoma County, napa county. You can let me know on face ....
In fact entirely for those three in the green. Look at spain there right now, or italy. They may be up, i believe. Ten year note yield had been hovering around 2. 2. Moved up a little bit yesterday. 2. 24 is where we are right now. On the ten year note yield. You can see crude oil also edging above 50 bucks. Thats important because it should produce some sort of movement in the stocks. It has not. Schlumberger, the Great American the Worldwide Service company is pretty much where it was give or take a few points from the when oil was at 26. That group is the one thats lagged the market if you wanted to ask me whats the key. That group has i was going to do that later. Were just getting started. Well, its a sector key. Im sorry interrupt. But you mentioned are you interrupting . Never. Thank you. Our road map is where well get to right now. I will ask you about that key u. ....
Happy friday. Here with me at post nine. Carl has the day off. We start with the markets. What a wild week it has been after suffering the worst day of the year on wednesday, major averages are recovering a fraction of their losses. In fact, theyre having the best day today in about a month. Lets bring in david kelly and mark kessler good morning to you, david. Were looking at all 11 s p sectors higher right now. Clearly theres been a lot of turmoil out of washington. I think the appointment of the special prosecutor may actually help calm things down because rob miller will work away in the background. But meantime as long as the administration maintains some discipline and focuses on its agenda, it may find it easier to do that with a special prosecutor working in the background rather than this constant back and forth with the media and the senate and house committees. I think thing also quiet down in washington. So, mark, still after the swings weve seen and sentiment in the market ....