Major averaging and europe has been open for awhile and well take a look there as well. Always like to know how spain and italy are doing. There it is. Very nice come back frooechb four hours ago very nice come back. Its lead right to ou fur r fut and this is a pattern that people refuse to understand. Ten year note yield crude oil also of course in the Market Action look at that yield. Vacation for a couple of weeks i guess. It was nice. You look great. Well rested. Thank you theres wti, 47. 5. Break that 50 mark. You do. Findings for gasoline is certainly in focus today given the tragedy in houston thats where were going to start. The devastation of Hurricane Harvey, 9 trillion gallons of water jumped on southern texas more on the economic and humanitarian toll. Plus uber gets a ceo meg whitman, well have some background there on exactly what went on. Yeah. Well you understand what it means for expedia. How he ended up with that job. Amazon whole foods closes today. That deal continu
What do i mean by the Bigger Picture . For starters, think about this for a second the fourth largest city in the u. S. Has been taken off line but for the most part, the state and local authorities seem to have it under control. While harvey has been a real tragedy for the millions caught in its path, the Natural Disaster hasnt been accompanied by any man made catastrophes like during katrina. Trumps visit to texas wasnt a fiasco if anything, it was workmanlike the president has had a real gift for being divisive in recent weeks, but if you only focus on the negatives, you miss the good things. Like the 3 gdp growth, smashing figure by the way. More important, though, the president is acting president ial the fact that we have now a world class Reclamation Project in houston that he can lead. This storm hit a heavy republican state im betting they could get tens of billions quickly to rebuild the moment the flood waters recede its going to be a massive shot in the arm for the nation,
Arrival . First we start off with what were calling judgment day for the rally. The fed is expected to announce the end of the experiment known as qe. The beginning of the end starts tomorrow this as stocks hit a fresh record high, today the dow higher for eight straight sessions what will the fed do how will the market react tomorrow guy adami. I do think its extraordinarily important. Dan is going to yell at me i hope he does. If the fed were to have made this move a few years ago it could have caused a dramatic move in the equities market. The market is telling us now that were going to move from monetary stimulus to hopefully fiscal stimulus. I said to wait for me to finish. I think thats what the market is pricing theyre saying, theres a very good chance that President Trump and his administration will put through some of the initiatives that they want and this is why i think the market maintains its alltime high despite the fact that the fed is now reversing what has been eight y
Complete the ship and be ready for launch in about five years. Five years seems like a long time to me. Applause mr musk is a serious person, but serious people can be seriously wrong. But is itjust possible that we are poised for a breakthrough in travel up there, that would incidentally also revolutionise travel down here on earth . Well ask Astronaut Chris Hadfield if he is an optimist about the future of space travel, or not. The chief executive of microsoft tells us what governments can do if they think tech giants pay too little tax . Any country can always throw any multinational out when they feel that theyre not creating value in their country. Its absolutely within their right. And mick fleetwood, he of Fleetwood Mac. We were a blues band and we were in the church of, in the presence of, playing music with our heroes in their home. Hello. Its a big friendly rocket. A giant one. Bfr is the name given to it, and according to the billionaire entrepreneur elon musk, its coming re
Somehow we didnt get with some tit title wave of selling including me i thought it would be bad the sure of congress or trumps tweets, that often seem out of step with folks like washington, jefferson, lincoln today three of our more president ial president s. Here we are after one more whole hum day after we hit multi entry level highs. Nasdaq tacking on, its worth noting we did make it out of here unscaved. Why . Why was i so concerned because historically septembers the worst year for the market. Since 1928 the s p had climbed to 1. 14 since september this year up 1. 1 . Septembers different, its a month i feared every since i got in the business, thats because of the not because of the big picture in history but from my personal history when you run a Hedge Fund Like i do, discipline says you should sell everything, lock in your performance, lock in the term and only day trade for the rest of the year. I did it many times in my hedge fund that always breeds automatic selling. If yo