His reaction. But first lets get you caught up on the market. The dow hitting a high this morning. Global bonds have been selling off. Rates going up. Tech stocks still under pressure yet again. Morgan brennan has more on that from the Nasdaq Market site for us. Thats right, so the good news is we are pairing some of the earlier loss we saw for the nasdaq composite, however still underperforming the dow and the s p the big cap nasdaq 100 fairing even worse, down about three quarters of a percent right now. You mentioned tech stocks are the big culprit here and that really has been the case, weve been seeing the major tech names sell off ever since trump won the white house in about part thanks to investor worries about change on trade and immigration policy. So apple one of the biggest losers. It is having the bigs negative point impact on the nasdaq 100. One reason is that we have a report out of china that iphone sales may suffer if president elect trump were to impose tariffs on tha
you ll see right now the dow futures down triple digits. s&p indicated to open 15 below where it closed yesterday and nasdaq futures are off by 25. and that is likely to change i imagine at 8:30 when we get the big number. walmart holding it annual shareholder meeting this fayetteville, arkansas. this is walle mart s first opportunity to speak to shareholders asince the allegations of bribery broke and an opportunity to vote shares in response. amid the executive presentations and musical performances, shareholder business will take place. results of six proposals will be announced including the annual election for the board. which has been met with some contention. all 15 members are up for re-election. and google s mayer is on the ballot. urging shareholders to vote against a number of current board members. pension funds have cast their votes against the incumbent board members they believe were somehow connected to the alleged bribery. most notably the founding family