Advanced point 37 and indeed 73 after yesterdays nasty pasting. Its worth talking about why theyre suddenly piling back into these Growth Stocks with no hesitation. First, you may be wondering, cramer, who the heck is they . They are the money managers, the big ones on the day after a selloff like to take advantage of every dip to do buying because theyve gotten so few chances to pick up stocks at bargain prices of late. Many investors look at selloffs like yesterday and say, oh, boy, here it comes, look out, the sky is falling. They started out very bold, like, hey, im here, im buying, buy buy buy. My twitter feed. After that last wave of selling they were washed up, lifeless, like drift wood orn some god forsaken beach. Then, depending on their political orientation they blame President Trump or his opponent for making his market uninvestable. And im sure somebody took their bat and ball and they went home. To heck with this market because they cant see a way out of the dilemma our c
The very latest. A lot of action there as anticipated. And a Health Care Proposal from republican senator ted cruz is gaining apparently some traction on capitol hill well have details on his amendment, proposed amendment and reaction from the ceo of mt. Sinai hospital lets get to our jon fortt, shall we, beginning with some big job cuts over at microsoft jon is in san francisco. Jon . Reporter yeah, kelly, microsoft set to cut thousands of jobs as it focuses its efforts on the cloud, reorganizes its sales operation around that. Its going to be less than 10 of its overall sales force of just under 50,000 people, but cant get a lot more specific than that. Also, some corporate functions connected to sales now, most of these jobs are going to be overseas more than 75 of them. This reorganization, think of it in terms of a different way to approach selling cloud to the enterprise, to finance, to health care. Lots of different specific Industries Microsoft trying to have subject Matter Exp
Nasdaq up by close to 20. Overnight in asia, the nikkei up by 0. 6 . The shanghai deposit was flat. In europe, some of the early trading, youre seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1. 7 . The ftse is up 0. 6 . They finally decided if the economy is is not going to get better, at least we got glory. You almost heard both messages from yellen. The economy is doing okay. She wants something to confirm in one number, i dont think one month would confirm. July, like 20 now. I think its still on the table. We also want to see what happens with brexit. For eight years its been look. The economy hasnt really been getting any better but we got the free money. Weve got the low rates. Lets buy stocks. That still works. There no alternative to move, right . Yeah. There is some corporate news. Some corporate news, not so great news for yahoo this morning. Verizon going to submit a bit of only around 3 billion. The wall street jour
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