Ameritrade becky quick will join us in a few moments. A lot of conversations about what we think the brokerage business is now with zero commissions, how it leads to Advisory Services and implications around Financial Services. It is best performing stock in the s p, e trade the word speaks to the fact theres expectation of more consolidation. What it means for tech startups, names like robin hood and names out there, brought in disruption, now being given a run for their money. I dont know why e trade is the word in terms of more consolidation. You would think thats a big plump turkey ready to be stuffed. I think the market expected that name to be first to be taken out. Often times when these things happen, the next one ends up getting bit up thinking back 20 years to when e trade was robinhood. They were the new kid on the block, shaking up the way the others were operating. Now were in interesting space where little companies are having an impact, but the older companies, your fide
Abigail underperformance, major averages at the dow and s p 500 relative to dow transports, look at that. The dow and s p 500 index recovering after the dow presser, dow transports however, not so much, lows down 2 at that point on pace for worst daily performance since august, has to do with weakness with c8 robinson, writer, logistics companies. When we put it into the context of the year to date chart, they are having a good year. They have0 index, traded in a directionally correlated manner for the most part. Now a bit of a divergence. The last one did not prove to be bearish for the s p 500, but it very much looks like we could see dow transports go back down into that range. It will be interesting to see if there is any connection with the s p 500 should that happen. The fed ratead of decision gold rallied, but then trimmed but then earlier gains when powell said they may put Monetary Policy on hold and assess the impacts of the economy on the reduction over the past three meetin
Nasdaq sank. We keep getting hammered by in sesant woes and worries about the economy even as we give a pass to the companies that indicator to the strong cumer, or just putting this out there, will we come to a realization that without some sort of trade deal with china, or at least mexico and canada, that this market is going to be headed lower, no matter what . I fear it will actually be the latter, because the strength in the stock market earlier this wee week was so broad, that the less lift you get from nabaf . Nabaf only works when stocks are going down like the bank stocks were going into this week. If theyve already run, nabaf doesnt offer much protection. Theyll need to deliver better than expected numbers and thats hard for companies to do in this environment. With that in mind, let me walk you through the game plan for next week. This is cramers game plan, its the only game plan that matters. Halliburton reports early monday morning. We call this one hal, and im not a huge
Uber ceo says they have plans. And digital fallout after democratic president ial candidate Elizabeth Warren posted a deliberately false ad on facebook. Separating fact from fiction. But first, to our top story. Is considering handing over control to softbank. They are convinced they can turn around the once highflying started. Wework is also weighing financing led by jp morgan. To discuss, i am joined by my , and, ellen, let me start with you. I want to separate the different deals. First, softbank taking control. What can softbank do that the other coceos cannot do . Ellen this discussion going on softbank, itk and is, look, the outlook is not good. More. Interested in doing and if they did take a larger stay, maybe that could change the company, so i think the discussions on the table are about mid to longterm plans, trying to get expenses under control, all of the things that wework has been criticized of. If something were to come in and take control, do we know how much money the
Month. Is a major rebound ahead the Investment Committee is ready to go. Halftime report starts right now. Its great to have you with us on our monday. Our Investment Committee today. Stocks with nice gains capping off a nice quarter. The dow and s p on track for a Third Straight quarter of gains. Nasdaq facing backtoback of losses. Do you use the Third Quarter play book going into the Fourth Quarter . The Third Quarter was clearly uneven. Its much different than the first and second quarter. A lot of people im talking to are unfortunately reflecting back to the Third Quarter of 2018 saying the Third Quarter of 2018 i had a nice strong lead in the s p and i lost it all in the Fourth Quarter. I think the market is concerned about having the same type of kaevt in the Fourth Quarter of 2019. You can suggest that that lends itself from a sentiment standpoint favorably for the Fourth Quarter and it very well might be. I still think the right approach is the approach where youre fully divers