What happens if regular investors actually begin to buy individual stocks again . Its something we need to consider as the averages hit still one more alltime high records. Down gaining 66 points, s p advancing. 45 , nasdaq climbing. 64 . Another ton of statistics showing an almost inexorible decline in the interest in the stock market as a whole. There are entire outfits that exist to scare you out of picking stocks, telling you that its a fools game because of the dreaded singlestock risk. They say youre worried that you could buy a total loser and it would destroy your nest egg, which is why theyre so eager to sell you this night etf that will sell you the both winners and loser. But theres something afoot now, after nine straight sessions where the nasdaq has rallied a total of 4. 7 , theres something going on, at least anecdotally these days when im stopped on the street by random passersby, im beginning to get actual questions about lots of individual stocks again. Not hows the m
Our road map this morning begins with the market moving on comments from trump on pharma, defense, automakers, what the News Conference meant for investors. Plus, trumps ally in the valley, peter thiel on the president elect with comments on apple and the stock market as well. Speaking of apple, new report the company is planning a significant move into original content. We will fill you in. First up though, futures moving lower a day after the nasdaq hit that record high. It was a rough day for biotech after shot heard around the pharma world delivered by the president elect at his News Conference yesterday. Our drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make them here. Theyre getting away with murder. Pharma, pharma has a lot of lobbyis lobbyists, a lot of lobbyists and a lot of power. Theres very little bidding on drugs. Were the largest buyer of drugs in the world and yet we dont bid properly. Were going to start bidding a
In groups, white, jews, latinos, asians, koreans, and blacks. I dont know any other demographic in america and the world that if students and the university had applied to participate in an inauguration, especially if its a Historical Black College and university, that struggle, that needs the money and they the bands raise the money for the institution, and i dont know anybody else that could have protested against them. That said, im going to stop sending money except that its a black institution. I dont know any other entertainer, whether its whether youre looking at the super heroes on tv, where is ryan. I dont know of anybody, except, or kanye west that could meet up and meet with president trump, he would be balled only because he is black. I dont know any other icon, as big as steve harvey if they were white to come, and do good. That they would be basted and say he is a sell out. That only happens to black people . I want to ask the question, how is that possible . That is not
Nicole lets check out oil prices. West texas 49. 17 at 16 cents. Lauren u. S. Stock market futures ahead of the opening bell. A muted session in the end, but today dow futures done 20 points and s p futures down three. Nicole the yen continues for the third day, moving higher on the delay of the sales tax increase 29 teen and stock mix right now. Shanghai composite index up half a percent. The nikkei down 2. 3 . Lauren in sports, the penguin beat the sharks taken a two games to none lead and thats the french open. Both williams sisters played yesterday. One of them won, one of them lost. All of that coming up in sports. Nicole is 5 01 a. M. Welcome to fbn am, your first look at todays markets, the latest breaking news and what to expect that they had. Lauren a stunning turn of events picked the state department admitted unintentionally deleted several minutes of video footage from a 2013 press briefing very top spokeswoman need to embellish misleading the press over the iran nuclear de
Banks are get out of certain communities and countries and they are also denying services to millions of lower income americans, not because the risk is too high, but simply because the profit margin are not considered high enough. There have been serious consequences on vital Correspondent Bank relationships that are critical to bier flows also. Another Major Property in several communities here, including in a district like mine, is that banks are closing branches. In fact economists from the Federal Reserve bank of new york released a report entitled banking debit. Branches closing and soft information. Showing that u. S. Banks have shut nearly 5,000 branches since the financial crisis as a result. Residents of low income neighborhoods have become somewhat more likely to live in a banking desert. That is why i have called to revamp the Community Reinvest amount act in a letter mailed to banking regulators and cosigned by some of my colleagues. But chair yellen, its obvious that cr i