You cant when the nasdaq is running like this. A 7 gain in index, you almost have to realize everybodys price target has to come up. Its baffling and confusing people who are not in the stock market but making a lot of sense to professionals who realize oh, my, god to chase. Yeah. Banks will get jp morgan tomorrow theres a lot of discussion about the commentary will matter more but also the idea that because of where estimates are, you could see some upsize to prizes another upside out of bsf. Jp morgan, the whole group is insane Goldman Sachs goes from 190 to almost 210 its almost as if people said, find me something that is not crazed my issue will be loan losses and possibly dividends and i think a lot of the chatter i listened to wilf this morning but a lot of the chatter is if people are getting more stimulus and money is being pumped in, why should these Companies Pay their dividends . I personally think theres no problem but that wells fargo dividend news shook people up. Hey, c
Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
We will talk predictions for Tech Companies in the new year, as well as what tech trends we will see in the next decade. The battle for tech privacy in 2020. Wednesday marks the official start of the California Consumer privacy act. This law is meant to give users transparency on what Data Companies collect about them, as well as the right to Block Companies from selling that information. For a look at what to expect this year, in the battle to protect Consumers Digital lives, i talked to reece hirsch, a partner at morgan lewis. Also with him, eric newcomer, who covers the intersection of tech and government. You know, this is probably the most important privacy legislation in the United States today. It is an economic powerhouse. We dont have a federal privacy legislation, so this is important for California Companies and users in california, but also all over the United States. It means that companies are going to have to disclose what data they collect to users, and then let users d
Cue ramy on right on cue, the foreign minister put out his response to this that the act out of the United States is an active International Act of terrorism. Were going to get you more details on this story, information thats been for the lastough two or three hours or so. The state of the markets are looking like this. In terms of risk assets, going into the lunch break in hong kong, u. S. Features down 20 points, dollaryen low to the day, still fairly strong on the japanese currency, fly under the asian benchmark, and gold is 15401550. Wards 4 , but still substantial gains. He was features are looking like this u. S. Futures are up my mistake, moving up as london joins wakes up. Good morning to you. Well get to the latest on all of this. Jodi schneider is onset. And we have another reporter joining us. Jodi, im going to start with you, the significance of this act. Jodi very significant. Probably the most tense moment and certainly the biggest escalation in relations since the end o
For. And 2020s crystal ball. Well talk predictions for Tech Companies in the new year as well as what tech trends well see in the next decade. The battle for tech privacy in 2020. Wednesday marks the official start for the California Consumer privacy act. This law is meant to give users transparency around what Data Companies select on them as well as the right to Block Companies from selling that information. For a look at what to expect this year in the battle to protect Consumers Digital lives, i talked to reese purse a partner where he coheads cybersecurity practice. Also with him is Eric Newcomer who covers the intersection of tech and government. This is probably the most important privacy legislation in the United States today. I mean, its economic powerhouse. We dont have federal privacy legislation. This is important for California Companies and users in california but also just all over the United States. And it means that companies are going to have to disclose what data the