Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S
Striking distance, stocks are on track for what would be well see, the first loss in four sessions, but really cant get much of anything out of the future moves right now plus, deal or no deal, tmobile sprint battle heads to court. 13 state attorneys general led by, of course, california and new york are seeking to block that merger. And it is an m a monday, we have two big premium deals in biotech, sanofi and merck. Im going to get to that jim does too stock picking so important there in terms of figuring out where those premiums are going to end up stocks overall set to look for a modest open this morning, this after fridays jobs report rally. That resulted in the s p erasing its losses for last week trade once again in focus here, heard jim talking about it on squawk box. The next round of u. S. Tariffs against chinese goods set to go into effect, this sunday so we are now counting down. And new data Shows Chinese exports to the u. S. Fell 23 in november i dont know how much more th
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th
Ameritrade becky quick will join us in a few moments. A lot of conversations about what we think the brokerage business is now with zero commissions, how it leads to Advisory Services and implications around Financial Services. It is best performing stock in the s p, e trade the word speaks to the fact theres expectation of more consolidation. What it means for tech startups, names like robin hood and names out there, brought in disruption, now being given a run for their money. I dont know why e trade is the word in terms of more consolidation. You would think thats a big plump turkey ready to be stuffed. I think the market expected that name to be first to be taken out. Often times when these things happen, the next one ends up getting bit up thinking back 20 years to when e trade was robinhood. They were the new kid on the block, shaking up the way the others were operating. Now were in interesting space where little companies are having an impact, but the older companies, your fide
With betterthanexpected earnings and you have what we have today, dow gaining 103, nasdaq, boy,. 70 nice when we finally get to the point we can focus on individual enterprises, we would be surprised at how well these enterprises are doing. Hallelujah so far, so good but next week was way too many jampacked earnings to keep track of, except for me. Let me give you highlights monday is expected to be a downer but im looking for a reason to buy, so thats at t. You might get a chance to by this midland quality phone company, yes, you heard me, once we scrutinize what will probably be bountiful cash flow from the time warner acquisition. We also hear from the one retailer that may disappoint us, amazon it used to be cv sfrmt but i think cvs are fine because they went and bought aetna. Then alphabet reported i cant remember the last time alphabet reported a clean quarter. Its always confusing. After the minoritysohot numbers from twitter, i fear another headscratcher who matters now . I car