Calculation by me came to roughly a 7 decline when the market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know youre puzzled. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. It was downright absurd, totally insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in wi
And in an exclusive interview with nbc, one of the worlds most famous whistle blowers, Edward Snowden said he was trained as a spy and was not just a lowlevel analyst. Youre watching worldwide exchange, bringing you Business News from around the globe. Good morning. Welcome again to worldwide exchange. Lets get straight on with some of todays top stories. General electrics latest offer for alstom has been, quote, improved with notable changes on the companys commitment to job. The comments were made after a morning meeting between hollande and jeff immelt this morning. Stephan is in paris. Given these latest noises, whos most likely to do the deal here do you think . For the time being theres no affirmed formal offer from siemens so ge is alone in terms of a formal offer. We know the original bid has been improved, especially on jobs. Theres no details on precisely what General Electric is offering for alstom. Yesterday, speaking to the parliament, jeff immet says the group would make