2 Burst results for "Julie Nieman"
"julie nieman" Discussed on KQED Radio
"Of the month us markets are closed for good friday stock prices were up today after two days of losses and the month as a whole was pretty bruising for the first time in years technology companies like facebook google and amazon are leading the way down npr's gyms rolly explains why ever since the great recession the us economy has been growing at a pace that can usually be described as tepid samir salama of wells fargo investment institute says the one big area of promise has been technology companies if you think about social media if you think about ecommerce visually technology is the backbone of all of those different things and for those corporations is driven incredible profit growth and this is made tex stocks such as apple amazon facebook and google soar over the year ending on march fifth for example apple was up twenty nine percent julie neiman an analyst at smith more and company says even when other stocks have underperformed the love affair between wall street and tech stocks never waned otx stocks have been the dominant area this is one thing that consumers have investors have jumped all over simply because they can understand them they love these stocks they loved them that is until about two months ago neiman says there's no single reason for what's happened each company has had its distinct set of problems apple faces questions about its growth how long will people keep buying bigger and better iphones amazon is being attacked in tweets by president trump tesla is facing production issues and then there's facebook this morning facebook under fire the pressure intensifying in the wake of that cambridge politica privacy scandal affecting up to fifty million users the uproar over facebook's breach of user data is generating calls for strict government regulation of the social media giant since the beginning of february facebook shares are down by twenty percent taken together these problems have raised questions about the tech sector as a whole again julie nieman the market has.
"julie nieman" Discussed on WNYC 93.9 FM
"The tech sector as a whole again julie nieman the market has a psychology right now of when in doubt get out we'll figure it out later what happened and when you have a market that set shaky especially when the valuations are really high at this point it's not happy harry's house a bargains out there the tech fallout isn't the only problem plaguing the stock market right now the trump administration has imposed tariffs on chinese imports which is sparking fears about a trade war and the fed and other central banks are raising interest rates something stock investors never like but the tech route is especially problematic because tech stocks make up a huge portion of the shares traded every day about twenty five percent of the companies in the standard and poor's five hundred index are in tech they make up a big proportion of the stock in most mutual funds and retirement accounts samir simona thinks the downturn is temporary after all he says tack is still a relatively new industry we're still trying to figure out how things like social media fit into our lives and how data should be managing all these different things so this is just part of the growing pains of how do we regulate these companies but for now a lot of investors are reassessing whether tech stocks are the great bet they once thought they were and until that changes it's going to hurt the market as a whole jim zarroli npr news new york as new york state lawmakers prepare to release their budget there are questions of who should pay for a juvenile justice program called close to home that was implemented back in two thousand twelve as a reform and audit found that in twenty fourteen and twenty fifteen aid cost almost one hundred seventy thousand dollars per youth now the state has put the program on the chopping block and it's unclear whether the city will pick up the entire fee wnyc's it narrative unit has been looking at the juvenile justice system for their podcast caught jared marcel has more close to home as therapeutic reform program based in new york city as of now there are thirty facilities throughout the boroughs each housing twelve to eighteen kids state budget for two thousand eighteen is due by april first and all what he wants to cut its thirty million dollar contribution the news of cuts commander bedtime as the city prepares for an influx of juveniles to come.