Businesses stay afloat until we get a vaccine . The market doesnt remember, which is why it got crushed today. Dow plummeting down. The s p plunging 1. 16 and the nasdaq sinking 1. 3 , nice comeback there forget another bailout there is another possibility of a Government Shutdown next month. Stocks have been getting hammered for sometime now as i listened to the talking heads today, i was kind of autohear them suddenly recognize that the big tech names act terrible. Like wow, holy cow these are down a lot we better sell i mean, of course they were also acting terribly last week and the week before so a bounce could potentially be in the offering one held by the amazing rebound in apple which at its lows today was down 25 from highs earlier this month. Apple led the nasdaq 100 from morning oblivion drenched in red to bright green in a strong rally that nobody is taking seriously except for me. Before i get into where were headed, you need to understand why this moment is perilous for s
Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
The s p down 2. 5 and the dow 2. 7 the s p dropping 4. 4 last week and lets take a look at some of the specific names in all of this falling 7. 4 netflix 6. 6 and then the one everybody is talking about tesla. That stock plunging 10. 9 . Whenever we can talk about algorithms, do you know what im saying i like it as the secret sauce, wow, i wish, you know, i wish i took a little bit more calculus or math or whatever. Do you know lets talk about it because theres so much. Youre all fired up youre tweeting about it and i dont follow you belief it or not because i like to enjoy my weekend, but someone retweeted your stuff to me and im like oh, geez anyway, youre mad because trump said he wouldnt do a partnership ever when it was microsoft and now he likes oracle i figure its because well talk all about it all right make it i know. Do you know what im going to do im going to read this and say andrew take it away. Making headlines, sources telling cnbc that oracle is set to be announced as t
Hunger during a pandemic warnings coronavirus restrictions could cause thousands more people to become malnourished in india. Ok lets start with a developing story one month after the explosion in beirut rescue teams have been digging into the ruins of a collapsed building there after finding signs of life underneath it scanning equipment has picked up indications of a pulse and breathing the search teams include volunteers from chile the disaster on august the 4th was caused by a large stockpiles of badly stored Ammonium Nitrate ignite sing at the port in beirut all than 200 people were killed 6000 were injured hundreds of thousands were left homeless is our correspondent near that search and rescue sites in beirut theyve been digging all night. How close to they think they might be. Close this is what we understand the search operation almost 24 hours ago it began when a dog as well as machines belonging to a team from chile who were really just surveying the damage to check the stru
Are nearing danger. Well also hear from those who survived the explosion sharing their stories of shattered lives in a shot its. Also in the news fire erupts on board a super tanker off the coast of sri lanka its carrying 2000000 barrels of oil. And a standoff in the eastern democratic republic of congo where an armed group is surrounded a prison calling for the release of their members. So were starting in lebanon a month since that massive explosion at the port in beirut and incredibly rescue teams that may have found signs of life but the collapsed building they digging there right now scanning equipment picked up indications of briefing. And were going to hear more about that in a moment this disaster of course oldest forth caused by that large stockpile of badly stored Ammonium Nitrate which ignited at the ports around 200 People Killed 6000 injured and hundreds of thousands left without a home where rescue workers we have heard from then they say their initial attempts havent bee