On a spontaneous road trip with her grandchildren. It would be the last memory of her. The 61yearold technician experienced symptoms on and off during the trip. Difficulty breathing. Back, in modesto, she was hospitalized for six days. Not wanting to going to a ventilator. Her friend had just died from the coronavirus. Her family rushed to the hospital to convince her only to find that she had agreed. They allowed us to view her from the window. We do not honestly get to go in. One minute we were able to blow kisses. They suffered from high Blood Pressure and went into cardiac arrest. Doctors unable to revive her. We heard the voice again. She was such a fighter. We really thought she was going to be does. And motorcade on saturday escorted her casket from Kaiser Permanente to a workplace in oakland. She had been exposed to at least one body who died from the coronavirus. Seen here in her ppe and mask. s hope everybody takes this thing seriously. The number most of the day grandmother.
Too glib maybe not glib enough. The dow did snap that five day winning streak to close down 28 points the s p back slid. 04 nasdaq actually advanced. 05 but while most of the country is spell bound by the prospect of the house impeaching President Trump the effect on the market was minimal, why well in part because we know exactly how the trial in the senate will go more on that, much more on that later. From an Economic Perspective though theres just not a lot at stake here the only outstanding issue that really matters to wall street is the negotiation of the new nafta but thats looking like a done deal in congress because Speaker Nancy Pelosi was willing to compromise mexico is rebelling against the notion of u. S. Labor law monitors in their country, issues of sovereignty. Of course theres the trade war with china just got a phase one deal with the chinese and President Trump agreed to reduce the tariffs as long as the prc plays ball anything that levels the Playing Field with chin
Whats working at the moment. And the old days, when the great mark haynes ruled the mornings around here, i remember that each time i co hosted he would introduce me as reverend jim bob from the church of whats happening now. It was fun back then and seemed like everyone was running their own personal hedge fund. There was an understanding that a stock could be here today and gone tomorrow and everyone was fine. Everyone was fine with it. Those days are over though. And if you recommend a stock for a trade, even if you say buy it today, for the Analyst Meeting tomorrow, and then you sell, there will always be a video, a youtube kicking around, shows you liked the stock but never gave the sell call. So weve gone beyond that. Were all about educating you to be a better investor. The same thing we do every day at a higher intense level at the cnbc investing club that i want you to join. Tonight, i want to introduce you to the concept that is so important and its called suitability. Basica
I always hear people talk about what is working at the moment. In the old days when the great rule the mornings, i remember each time i cohosted he would introduce me as reverend jim bob of the church of whats happening now. It was fun. It seemed like everyone was running their own personal hedge fund. It was an understanding that a stock could be huge today and gone tomorrow and everyone was fine with it. Those days are over. If you recommend a stock for trade, even if you say buy it today for the Analyst Meeting tomorrow and you so, there is always video, youtube kicking around shows you liked the stock that you never gave the call. We have gone beyond that, we are educating you to be a better investor, the same thing we do every day at a higher intense level. Tonight i want to introduce you to the concept that is so important, it is called suit ability. What works for you, what is right for you, not for this month for your ge. I did not think about suitability when i was in training
Terror im referring to the endless battle that defines the stock market the bitter struggle between growth and value one faction of investors wants to buy something cheap in the hope it will blossom or get a takeover bid but the other faction is willing to pay up, up, up, as long as it can grow rapidly right now, growth is crushing value hence, why the dow declined 57 points, the s p back slid today, and the nasdaq advanced 0. 47 . And this becomes even more pronounced when you look at how the individual sectors are doing. Ive always felt a mix of growth and value is the right thing being diversified is the best way to protect yourself from moments when growth gets too overheated, and the stocks come plummeting back to earth right now, though, that philosophy, that diversified philosophy, has fallen dramatically out of favor. The house of pain these days, the moment you step out of the classic growth so you can buy down and out stocks that seem like they have less risk, youre taking yo