Will wake you up, call it ludicrous speed. Stay here, airbnb making its pitch to go public even as the travel sector continues to suffer amid the pandemic and buffetts big buys, the sto stocks he says are ready to rally. It is tuesday, november 17th, and this is Worldwide Exchange. Good morning, good afternoon or good evening from wherever in the world you might be watching. Im Brian Sullivan thanks for joining us. Here is your markets and money on a tesla tuesday as well call it futures are mixed to flat. Dow lower, nasdaq futures are higher neither are moving very much but another big monday for your money, more new records and a new vaccine candidate of course. The dow coming off its first record close since prepandemic levels in early february the index now just 50 points away from 30,000 something certainly a number to watch. Small caps continue though to be the star the s p small cap 600 up another 3 yesterday if you are not paying attention to small caps, you should. Lets also t
Begin with the oracle of omaha well start with the trimming of apple shares hes got more than 900 million we totally get it. Its not like buffetts bailing on apple in any way. It did sell about 36 million shares what is this, do you think is it simply Portfolio Management i think thats exactly right, scott. Its Portfolio Management. Apple being one of the most liquid stocks in the world on any market he could have sold a lot more than that if he had wanted to. So this is just, look, the stocks had a great run, hes pairing back a little bit, got a lot of cash. What i found kind of surprising is that with that much cash, actually not surprising but confirming on the value of the market is that he really hasnt made any big acquisitions. Hes only said hell only buy his stock if he cant find anything else to buy they scooped up 9 billion of their stock in the last quarter. They continue to buy back a lot of stock i do wonder even at the margins, ty any, if this is in any way a statement tha
Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor
A civil war with People Killed on both sides. Those are your headlines my colleague neil harvey will be here in about an hours time with another look at your headlines this is our International Stay with us. Here this is. Gold in money. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole they had an ounce or profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for easier for 5 years that was on the advice of plucky plucking once again profoundly consequential to the World Monetary system so those are forever as we have predicted here for years on report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i g