the stock has been on a roller coaster over the past year but dan thinks it s primed to pop. we will bring you the name and more the biggest stock story of the day, the week, months year so far. the worst day in eight years after a company executive warned the coronavirus in outbreak could delay deliveries tesla slumping 17% the pullback follows a nearly 40% surgeon monday and tuesday so is tesla s record run, guy, finally run out of juice. i m not pretending to answer that because we don t know. but the last two days in context when had a stock trading 12 million shares a day traded over 100 million from monday and tuesday and obviously we had volume again today a lot of people have been blown out on the shortside new people in. for the short-term i think that s as close to a capitulatory top as blow off top as you see doesn t mean the move is over by any stretch and we ll have somebody on speaking to than but in the short-term i think you saw everything you need to see in
Low. If the spread is a tiny bit steeper in the u. S. David im not sure how to. Lets take a look ahead. We will look at the details from the meeting of the fat and the European Central bank. Janet yellen will be speaking. Philip hammond produces the u. K. Budget statement. Thanksgiving is thursday. The Retail Shopping season kicks off in the United States with black friday. Alix ive got a list of things on amazon im waiting to all the trigger on when the price goes down. The big news over the weekend was the failure of Angela Merkel to put together a coalition and form a new government. Three government democrats walked out last night after failing to overcome differences on immigration and other issues you if you look at the euro, it is lower than rebounded and then rolled over a little bit as we heard more aggressive talk and question marks about who would be the leader. The dax is recovering from a sevenweek low. We are joined by matt miller in berlin it. Miller, tell us about the e
As we speak. First, we start off with breaking news on alphabet. The Parent Company of google lets get to josh lipton for all the details. Reporter melissa, big breaking news here on alphabet which is just now announcing that as of its next regular board meeting, eric schmidt will be transitioning hell be stepping down from his position as alphabets executive chairman, instead becoming what is described here as a technical adviser to the company importantly, he will continue to serve on the board schmidt saying here in a statement, melissa, in recent years ive been spending a lot of time my time on science and Technology Issues and philanthropy and i plan to expand that work. Of course back in 2001, googles founders brought in schmidt to help scale the business, a company that now does more than 75 billion a year in annual revenue. Schmidt himself worth an estimated 14 billion. Im told this transition has been talked about for about a year it will be interesting to see who now steps in
I dont know if its the word euphoria i think market, the market clearly has gone parabolic when that happens, you have a decision to make you could buy in with the momentum thats continuing to build or you could sit back and just have what you have. I think its better at this point to sit back, youre long the market stay long the market its not a referendum say og kay, because the markets going parabolic, it means it necessarily end. From a quantitative standpoint, this momentum strategy thats dominated the markets the last couple of years, its like the top spinning on a table because faster ander and faster, eventually, it falls over. I think thats what the environment is right now and the interesting thing as well and john could speak to this, the vix is up 11 today. Is this euphoria, the final stage of bull market is it time to worry a little bit zm. I think just to joes point about that 11 juch in the vix, there are some people a little worried. Now whether or not theyre getting ou
Dow surging 00 points breaking through a key record before taking a reversal. Ayman jaggers is a of the the white house with all the information. Reporter they are trying to get steve bannon on camera to answer a mystery, did he answer questions of the House Intelligence Committee or not . We know he was there, arrived earlier this morning there are reports he was asked by the white house to not answer questions pertaining to the white house. Of course, the most interesting questions that the Intelligence Committee will have for steve bannon relate to the white house. The question is, did he or did he not answer those questions. Later on this afternoon, the white house put out a statement not exactly denying that they asked bannon not to talk and Sarah Huckabee sanders, the White House Press secretary, was asked about why the white house wouldnt want steve bannon to talk, even though she would not specifically say that they asked him not to talk. Heres how Sarah Huckabee sanders answer