Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Forth with portnoy on what you say are amazing insane moves that can continue. Yeah, i mean, understand there is florida has been so much comparison in 1999, 1999 was never like this. You had a lot of crumby companies that would go up a lot but nothing like this. I mean, we have major trillion Dollar Companies that are going up at a pace that weve obviously never seen because we didnt have trillion Dollar Companies before but i do think that my friend David Portnoy hes got a big cohort saying that stocks only go up and im just giving this is frightening im giving a little bit of homage here because, yes, if you got in when davie trade got in, i mean, all youve seen is up. So its not wrong for him to look at that i mean, the guy got in i think march 23rd when he decided to take the suits on directly i got up this morning, i said, geez, maybe i should wear jeans. I dont want to be like wrong. I want to be i dont want to be on the other side of the trade of this guy. His timing is excepti
Yesterdayramatic selloff rippled through the financial market. Ocks dropped sharply at the open. Then they only to fall, and soar again. In the biggest comebackor the s p 500 since 2011. Lets get right to thelong numbers. The Dow Jones Industrial average rose 560 points to 12, 912. Get this. At the open, the index immediately fell 567. There issing is something about6 think about that when you play the numbers. The nasdaq add 148. The s p 500 was up 46. Investors blamed the vol on intrarate concerns. Computer driven trading, and object structure volatility funds that use leverage. Bob pisani nowlo with a at todays action from the new york stock exching. Talk abonother roller coaster ride for the stock market. The dow tumbled 560 points but reversed course. At the end of the day, the dow travelled at more than 1,000 point rang we havent seen have tilt like that in all of 2071. The dow hit correction territory earlyon. We were down 10 from recent high. But at the close it managed to top
Quarter costs as litigation costs topped 3 billion euros. Investors Unfriend Facebook shares after the tech giant warnings spending could outpace revenue next year. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And it was a big day for wall street, better than expected Consumer Confidence report helped stocks close at session highs ahead of todays big fed decision which we would be discussing throughout the hour. The dow did close back above 17,000 for the First Time Since september 3rd. S p trading down, as well. Nasdaq in focus, of course, after facebook missed expectations. Well get thaw report. Facebook shares tumbling in frankfurt despite earnings that beat expectations after the bell. The social media giant issued a disappointing outlook and warned that costs would increase as it looks to step up investment next year. Take a look at facebook and how its trading, down about 6. 4 . Now, diving into the european markets right now, a m