Nasdaq climbed, s p. 51 im sure you have some stocks. Maybe moving into something a little more placid like the industrials. At back my Old Hedge Fund we reviewed our positions three times a day. Thats right every day. Three times a day id have to defend them to karen cramer, our head trader. If my enthusiasm flagged at all, if there was a negative news story, a downgrade, a price target cut, or even if the stock was just heavy where sellers didnt seem to care what prices they sold their stock at, shed deem it vulnerable and kick it out. Whether i liked it or not. Sell sell sell sell sell it was brutal but necessary. We had to contain our losses they were looking over our shoulders. And when it came to dead money forget about it. Shed say lets boot it and come back at a better time, there are other stocks to own that can win. You see this attitude a lot from people that come on our network, dont you . Theyre running money aggressively they can vacillate constantly i did the same thing
Reddit, for example, recent ipo, surging. Shopify, really down sharply the president will join us this hour and on the a. I. Front, President Biden is going to announce the plans by microsoft. This is microsoft money, not federal money. Theyre going to build a 3. 3 billion datacenter in wisconsin. Lets start with tesla, though sources telling reuters the Justice Department is investigating whether the ev maker committed securities or wire fraud by misleading investors and consumers over its vehicles selfdriving capabilities teslas autopilot and selfdriving systems assist with things like steering and lane changes but are not fully autonomous the report also says the s. E. C. Is investigating teslas representation about Driver Assistance Systems to investors. So, jim, i think theyre quoting three sources over at reuters. Right and i know, david, we can go into this. I dont want to well, this is obviously serious news the problem is that ive always found that when youre talking about wha
So, so good. But there is a downward bias in how many investors approach this market and i think its kept people out of lots and lots of good stocks. Sadly no matter what i say, this pius will probably increase. Now that january is behind us, february is ahead. Sop declining. 6 . What do i really mean by a downward bias . Im talking about a market that plummets at the opening off of the weak germany yeah, germany. And then snaps back when investors recognize how silly that correlation again im talking about the notion that a slowdown lurks around every corner, as people thought would be the case with apple tonight, or that pricing is going to get worse a fret about alphabet or demand is about to taper off. The whisper that drove down the stock of amazon in late afternoon. Do you know that none of these happened to be the case. None of them with only alphabet giving you cause. I think so many supposed experts and analysts keep giving you second rate or even just plain wrong information.
The seattle seahawks, Tennessee Titans and Pittsburgh Steelers. As stuart pointed out, ratings are down from last year continuing a trend weve seen through this relatively young year. Were three or four games into it. The read from charlie gasparino, and Fox News Contributor kevin jackson. Kevin, i want to begin with you on this because your view is that whatever people might deem to be the right for players to speak and express their point of view, i agree with the president what he was saying about them. Could you explain that . Absolutely. Look, donald trump has brought to the fore, the peak element in the room that we shouldnt be talking about social issues. This is not just the nfl. This is affecting countries and corporations all over the country. I want you to consider these multimillionaire black men are protesting an erroneous set staff tis i cans. Look at fallout to black men like myself, just normal guys out there making a living. If you protest as multimillionaire with the
The trump rally, stock futures pointing to a slightly lower open after the dow extended that win streak to 11, but are markets in bubble territory . Of course buffett ways in. And obamacare in the spotlight. President trump is set to discuss how to replace the law during a busy morning of meetings with the nations governors and Health Insurance executives. And former ebay ceo taking up a new job this time in the cloud. Hell join us live. Futures mostly flat though with the dow coming off an 11day win streak for the First Time Since 92. Speaking this morning with squawk box in that threehour special, Berkshire Hathaways buffett weighs in on the price of stocks and if in fact were in a bubble. Measured against Interest Rates stocks actually are on the cheap side compared to historic valuations. But the risk always is that Interest Rates go up a lot and that brings stocks down. But i would say this, if a tenyear stays at 2. 30 and would stay there for ten years, you wouldnt regret very mu