Trade deal and the market soars the dow gaining 221 points s p climbing. 86 and the nasdaq. 73 . What do we say hello . Hallelujah i dont mean to trivialize the importance of this news. It matters it does matter President Trump trump stock, trump stock. Might be able to reduce the tariffs with the chinese by 50 , or cancelling or forestalling the tariff hikes that were supposed to go into effect this week that would have affected a lot of consumers china is willing to make some major agricultural purchases while doing a better job of enforcing u. S. Intellectual Property Rights and maybe opening up their market, specifically to the services and especially the Financial Services industry. And thats a big deal. But, and this is the worlds biggest but, the days when a china deal could control the fate of the whole stock market are long gone, even as we act as if its all that matters initially the market reacted to the tariffs as they were going to cause a worldwide recession this whole de
Believe it or not, this is actually the kind of decline you want if you are a bull. We cant keep realallying on the news over and over again. President trump and president xi could hammer out a trade deal. Rallies need more and more fuel. Without it you end up on a day like this one. It reminds us that stocks can go down, too. So what did make today so soggy . All the red hot cloud based enterprise stocks, they were dethroned today. Yesterday sales force told us it was buying Capital Software for a huge premium. Everyone figured that every company in the sector and cloud kings would have takeover biz. These stocks deserve to come back down and they did. They got what they deserve. Helps businesses. Work day just reported terrific quarter down seven. Cooper software, like them. Amazing companies, amazing companies, also stocks get hammered. Think of it as cloud royalty being led to the yesterdays cloud rally was all about froth. Anyone in the industry can be a target. I think thats absu
Welcome to the program that analyzes the week and positions you for the week ahead. I am maria bartiromo. Weeks away from the president ial debate. Top debates going head to head for the very first time. Here is who has qualified on the debate stage in milwaukee so far happening wednesday night on fox news. Former President Donald Trump still has a commanding lead in the primary polls even as he battles his fourth indictment and potentially another one. Arizona is launching a probe over the 2020 election as well. Joining me right now is north dakota governor and 2020 gop president ial candidate doug burgum. Thank you for being here. Great to be with you, maria. Maria talk about the debate message you want to send. First i have to ask about these indictments against donald trump how it is impacting the campaign trail both for him and for you. On the ground in iowa and new hampshire, voters are not asking about the indictments. The number one thing on their mind is inflation. Under biden
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Anything worth buying or selling off of this new cycle. So maybe we should open that were at a peculiar point in the calendar a couple ofweeks where historically nothing has happened, yet we get great volatility then the stocks rally as they did this afternoon ive got to tell you, i know why. No apparent reason why am i certain were trading on nothing i thought a lot about these periods and learned there is random movement periodically, and it always gets ascribed to something. The market is not always logical and the action doesnt always have to have a concrete cause. Thats why we might as well be adescribed the action to the eclipse. Its about as dark as these glasses. This morning, starting with f. A. N. G. , which is facebook, apple, netflix and google, they were up and down and people scrambled to find any reasons whatsoever there was a lot of instant analysis about what was wrong. Everything then within minutes, we start to see the usual obituaries being written about f. A. N. G.