Switzerland after the Iran Nuclear Talks stretched through the night in a marathon session. Officials say discussions are now focused on whether the u. S. And eu would agree to ease sanctions apart from those of the u. N. In political news indiana lawmakers expected to announce a deal today to alter the religious freedom law. The legislators want to ensure the rules dont discriminate against gays and lesbians. Well have a live report in about 20 minutes. On the economic front, three reports of note weekly jobless claims International Trade and factory orders. In Corporate News micron warning of lower revenue. The chip maker is willing to hold inventories longer in light of weaker customer demand for electronics that uses technology. The wall street journal meanwhile reports that the European Union is preparing to file antitrust charges against google in the next few weeks. Just works too well. The paper says the eu could fine the company up to 10 of its annual revenues and in other new
Thinking about evaluation. On a roller coaster day where the dow dropped 81 points. The s p declined 4. 5 its worth trying to understand how some stocks seem to be undervalued for a whole other reason. Namely that people cant think big enough about what a Company Might be worth. They have a failure to imagine what might happen. They have a literal and linear sense of things. Taught at Business Schools and honed at Traditional Research houses. These evaluations are a product of that upbringing. They can cause instant soloffs like we saw from norfolk southern. They often dont leave room for potentially huge gains from companies that areubeiquitous. You could still be valued incorrectly. Tonight i want to show you how to think in an alternative way, one that can help you predict rare blakereakout moves. I want to free you of traditional thinking. I want you to understand market captization analysis. For most of my investing life i spent 55 of my life doing this stuff i have been conare st
Low. Our road map with stock futures in the red. Exxon and conocophillips moving some of those stocks. Sales force surging on the news it hired advisors to look at takeover offers. More of the apple watch dlis. A defective component to blame. Apple announcing another partnership with ibm. Well get to that in a minute. First up a lot for investors to digest on this final trading day of april. Consumer spending up 0. 4 last month. Claims down last week by 34,000 to 262,000. Thats a 15year low. Employment costs up 0. 7 . On the earnings front, exxonmobil did top estimates despite a 46 drop in First Quarter profit. Exxon revenue, i love these figures. Last year 106 billion. This quarter, 67 billion. You have to understand exxon had good production growth. People say no one got hurt buying the stock of exxon. This is why. Because exxon really hasnt done anything during this period. When oil was flying exxon did good not great. Oil goes down, exxon shows you the breadth of its products and w
Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a may contract. Expiring may 15. Thats down about 2. 5 percent. I like the idea. Were a cartel. Weve been, you know pillaging and plundering the world for 25 years but now were out of control. Will you other nonoutput guys come with us . Thats their way of saying its never going to happen. They know the United States is its not fair. Its not fair if the nonopec members arent cut uing. United states is a bigger producer than saudi arabia at this point. I love seeing them. Pay back big time. Hopefully
Service, but jay z has been successful because of apple and youtube and all this stuff. What is the criticism hes talking about . Just the fact that its not doing as well as others is that right . Hes trying to move all these premium artists on to his service, some of the other services obviously would like to keep them so theres a big of a scrum going on. Were separated here. Its almost like we need somebody in between us. Keep them separated. Its weird. You stay over there with your views and we know what they are and ill stay over there and well have a point, counterpoint. You are on the left there. Camera right. All day long were a Business Network but there are general news stories that happen and right at the top, i was a little bit uncomfortable. I talk about nepal and i go right to apple, but, you know theres no really elegant segue to go back and forth, so well just do what we do and just excuse the juxtaposition of these stories. Here are some of the big stories that were wat