15month low. Australia cutting rates, auto sales on the way. Roadmap begins with tim cook. He joined jim on mad money last night covered everything from innovation to china to revenue to the companys value. Global data driving futures. Well tell you what to expect on wall street today. And shares of aig down in the premarket after earnings. Peter hancock will join us live. First up, tim cook defending app apples latest results and the stock mired in a slump. He was on with mad money last night. If you talk about macroheadwinds, difficult compares dominant. Yeah. Currency, no new iteration yet. If youre going to be opportunistic wouldnt you say let all the hedge funds blow it out and then well make a statement . Well, opportunistic to me means you buy it when you think the companys undervalued. We believe the companys undervalued. All right. I got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other peoples views. I think if yo
Weakerthanexpected manufacturing data and the brutal 3. 6 decline in the chinese stock market last night. How can this clearly bad Economic News produce such a remarkable run . Dow climbing 229 points, s p jumping, nasdaq gaining 1. 14 . Is this opposite day . Perhaps the market lost its mind . No, its like weve entered bizarreo world with bad news is good news. Why . The uglier the backdrop, the more likely the Federal Reserve stands pat and refuses to raise rates when it concludes its deliberation this is thursday. This fed meeting, like it or not and you know i dont like it is the most important event of 2015 for two reasons i dont recall a more opaque fed. Its driving me crazy its about to render a momentous decision that will surprise people. Second, the consequences of a rate hike, listen, youre not going to get that plus and minus stuff for america its plain negative for stocks but the upside from the no hike while positive as we saw in todays action perhaps stolen by from a ben
Today. Nasdaq inched up. 38 . Some of it is because all we ever do is look at stocks through the prism of the federal reserve. Every day we guessed what the fed will do and every day we make it harder and now that its almost upon us this discussion monopolizes it. We know employment has been strong. Theres no reason to keep shortterm Interest Rates too low. But its how companies are doing like mine. The amazing race would be the last thing you do. I cant name a Business Group doing better than it was six months ago. That is if you thought that Employment Matters all that much because employment wasnt as strong then as it has been in the last few months. They havent missed anything. If hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Not that hot. Thats not a technical term. Its a term that explains where the economy is right no
Ever do is look at stocks through the prism of the federal reserve. Every day we guessed what the fed will do and every day we make it harder and now that its almost upon us this discussion monopolizes it. We know employment has been strong. Theres no reason to keep shortterm Interest Rates too low. But its how companies are doing like mine. The amazing race would be the last thing you do. I cant name a Business Group doing better than it was six months ago. That is if you thought that Employment Matters all that much because employment wasnt as strong then as it has been in the last few months. They havent missed anything. If hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Thats not a technical term. Its a term that explains where the economy is right now. Thats where the confusion comes in. How can the cooling economy produc
Though, the stock markets rock because anyone that follows individual stocks knows that things just arent so hot. Individual Sector Analysis says things arent that hot. All right. Not that hot. Thats not a technical term. Its a term that explains where the economy is right now. Thats where the confusion comes in. How can the cooling economy produce more jobs . The answer is simple. The businesses im looking at now will be laying off more people than theyre hiring at this pace. Thats why everyone is focused on the statement that the fed issues when it makes its decision. The fed is cognizant of the economy. That means its going to take its time until the next rate hike. That wont stop them from saying its going to be this week but it would take the next few months off the table for this parlor game which could cause the christmas relief rally from an oversold position beginning this wednesday afternoon. Why the markets seem to have disappointed them. The other explanation, the number of