Bottom in stocks. Another big rally giving investors hope that maybe the worst is, in fact, behind us. Our question this hour is whether any can really be trusted with a whole host of issues still worrying the markets. Whether its oil, the strength of the banks, chinas credit pile. Is this a punk rally we have gotten the last couple of days . When you get a decline in the marketplace it takes the shape of an alphabet letter. Sit going to be a v in i dont think so. Its going to look more like a u. Hopefully its not an l. The first thing you want to see is stability in the marketplace. Scott youre beginning to see that companies are buying back stocks. I like whats happening in the next couple of days. We want to focus on the Economic Data youre going to get. Tomorrow youre going to get housing. Tomorrow evening chinese are back. Youll get the inflation figures and lets motte fnot forget the. Stability first. Thats what i like. Come a long way in a couple of sessions but its the question
Pasani. For a year, it was oil, dow. Last couple trading sessions weve seen them maybe move in a different direction. Is this something people are talking about on the floor . Yes. Its encouraging that the s p is near the highs of the day with oil generally down for most of the day. There are four things worrying the world. One of them of course is oil. Weve had word that russia and saudi arabia may be agreeing on limiting production. Thats certainly a production freeze. But thats a high level discussion. The other thing is china. The pboc defending the yawn saying unlikely we are going to do serious devaluations. Thats the other thing worrying the world. The third thing is bank in europe and bcd draghi saying they are going to do whatever it takes. Deutsche bank may do some buying back. Thats the third one. Finally, the fed. Nobody said anything at the fed but basically were implying right now no hikes for the rest of the year. So big movements overall. How are traders taking the boun
And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt to keep the doors open. Today, with limited funds,
And if you dont get the quality right, this business wont be here for you. Miami is my hometown, and its also home to over a million cubanamericans. Since the castro revolution, cuban families have come here to build their homes and their businesses. They bring their culture while embracing something that is distinctly american the American Dream. Grafton furniture is a shining example. Started in 1964 by esteban grafton, the Custom Manufacturing Company Makes everything from sofas, chairs, to tables. Steve this ones 154 by 96. Lemonis his son steve now runs the business and designs most of the furniture and is 50 50 partners with his wife, mary. Their son, also steve, is there to learn the business and keep it going for another generation. But when the economy turned in 2009, so did the companys fortunes. Steve the market was soft. Finances were really bad. Lemonis when business slowed, the company and the family began piling up debt to keep the doors open. Today, with limited funds,
Later, its a secret sign that energy may have found a floor and had one trader placing a very big bet. Well tell what you that is and well start off with the big moves in tech. Cisco surging and tesla misses but the stock is soaring on an upbeat outlook and amazon announcing a 5 billion buyback. Do these then to buy back the standout performance we saw in todays session in technology . Is it time more importantly to put the tech trade back on . Guy. When you talk about the tech trade, thats a pretty wide swath but in terms of cisco specifically it might be time to take a serious look at cisco. You dont have the Revenue Growth you need to v. Probably up 2. 5 , 3 and youre talking about a company thats traded seven times forward earnings, great Balance Sheet as shown by an acquisition added to a buyback. Started to make a transition are, and pete can speak to the transition microsoft did. At least they are attempting to move away from legacy businesses into businesses to make more sense