Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne
Yousef bloomberg sources said this week that saudi aramco earned 68 billion in the first nine months of the year, cementing its position as the worlds most profitable company. That came as a saudi news channel said the aisle the with sharesipo, trading on the local stock is strange. Local Stock Exchange. This is something which has been on the minds of policymakers and Investment Bankers and investors around the world for around three years now. About this delayed once 12, 18 months ago, while aramco was doing the acquisition of a petrochemicals maker in saudi arabia. Two weeks ago, we were expecting aramco was going to announce its intention to kick off this process. That got delayed as the government prepared these numbers you just mentioned, the 68 billion in profit. Now finally, we are expected to see the government and the Company Announced their shale will begin onsale sunday. We are in a tree at we are in riydah where they have some of the worlds biggest investors. There are mee
Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Tell us what the Clean Power Plan was all about. Sure. So the Clean Power Plan was aimed at controlling Greenhouse Gas emissions from the power sector which is the second largest source of Greenhouse Gases currently in the u. S. And it took systemic approach to cutting emissions, so power plants around the country had a range of options they could use. Strategies like increasing efficiency or they could switch which kind of fuel they were using, for example, switching from goal to natural gas or they could also do emissions trading so they could use credits to koubt counteract any coal consumption. So the plan was well under way because it was announced by the president , the epa in august of 2015, and this week the administration, epa, announcing new rule, overriding the Clean Power Plan, the Affordable Clean Energy rule. Tell us about that. What do they propose . Sure. So this is a much more narrow rule than what the Obama Administration proposed. Instead of this broad menu of option
The situation on the fronts developed during the day of the novelty of the russian pc on the form of army 2023 in kubinka near moscow among the key exhibits are small arms equipment, as well as drones. What is their feature of testing the angara launch vehicle will become part of the domestic lunar program. When will the first launch take place . New details about corruption schemes of the biden family curious details of the revealed correspondence, under what pseudonyms the current us president s and his son were hiding, and what it will give the republicans according to the documents is dead, but in fact, a real mystical detective is alive, where in the center of the plot there are fake documents and a stolen apartment, but he is this the person he claims to be . Over 800 soldiers, officers and mercenaries lost their aircraft, the Russian Armed forces repelled 15 attacks. In addition, the enemy suffers serious losses and two tanks and 15 others were destroyed in equipment Armored Veh