I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr
European equities everybody is keying off everybody. Again red arrows pretty much across the board and finally can you look at crude prices right now. Wti terrible session. When we were talking yesterday we were up 40 points in the morning. Funny way things happen. Theres sort of a premise and maybe its correct among democrats or people who favor hillary that trump would be a disaster for the stock market and sell off. Its funny when you see the market go down yesterday for whatever reason, uncertainty or whatever, it becomes oh, its uncertainty. You think its because maybe now trump can win . I wont go that far. Its uncertain. A Hillary Clinton win because more uncertain. Really in the past two days the likelihood of donald trump winning not two days. Five days. More than that. Two weeks. Whatever length of time you want to give it his chances have increased whether you think they are substantial or not clearly the market thinks they are substantial. And i have i know you disagree but
2008. It is nine in a row. The longest losing streak since 1980. I mean nothing compares to what the cubs. Still, the action could have been worse. Nasdaq falling 4. 2 . The ladder seems baked in the cake. After todays employment rate showing good jobs. Remember the market can handle rate hike. Provided that enough company is doing well enough. The bulls also cheered. So how about next week . How about our game plan . Lets face it. We have won of those moments where the whole world could change on tuesday, or will it . It is friday. I think because the markets have been down for so long, it looks out to me. Wall street had a chance to panic of trumps presidency. Of hillary being defeated i is i do think a clintons win would cause a severe spike up. Trump will likely refuse to concede on the grounds of prisoner. We rebound, hillary is not suing. Dont get me wrong. I am not saying that hillarys presidency is better for the economy. I dont make political judgment. Trump is a predictable k
Mondays big gain. Thatters the s p 500, nasdaq following suit as well. The tenyear note yield 1. 86 . Americans heading to the polls today, including president ial nominees, Hillary Clinton and donald trump both casting their votes early today in new york. Our don harwood closely following the election. He is here at the wall with the very latest. John. Scott, Hillary Clintons favored to win today t. Pom versus shown her ahead by four points or so on a national basis. This is the battleground picture. If you look at the assessments. A lot of blue on that map. Enough to get her over the electoral votes she needs but she has to deliver, significant amount of vote has been cast early, but not all of it. And so donald trump has to hope to pick up florida, pick up georgia, pick up north carolina, pick up ohio and flip some other state thats on this map colored in blue. Maybe michigan. Maybe virginia. He has a shot in New Hampshire as well. Its not going to be easy. A lot of work for drumplt
Case got it wrong. Nobody expected things to turn this thing this fast. The trump rally trademark is still available. Nobody patented that, copyrighted that, its still available. Arent you proud of the fact this show two days before the election, the day before the election, asked the questions over and over, if he wins, they control all houses of government, you at minimum get tax reform and less regulation, why would that be bad for the stock market . That question was asked over and over again on this show. I had to be called a jackass on twitter by a supposed colleague because i disagreed that the market would go down 1,000 points. By definition when this Insane Person with his finger on the button of the nuclear code, when he was going to be elected. We put up with a lot. We pit up with a lot to. There have been a lot of speculation about where this would all go. Lets juxtapose the wisdom of the American Public versus the elitist intellectual ruling class that permeates this entir