We begin with the call from Goldman Sachs to avoid apple, to sell it. John, to you first it is your biggest position. Is this the right call from Goldman Sachs reiterated to get out of apple all right were not hearing jon. Well work on that the steve, youve trimmed a bit of it what do you make of this call. We see apples recent Stock Performance and trading level as unsustainable and will continue to recommend that investors avoid this stock i did trim some a number of months ago its still my biggest position i trimmed it to me, apple is the market right here the stock does not deserve to be where it is but neither does the market and neither do a lot of stocks. I believe youre in front of the companys biggest Product Launch ever, which will be the 5g phone. The market is forgiving lot of the sins if youre looking at purely does it deserve to be here in a microscope looking at apple . No you can make that case on anything im not selling anything let me take that back. I may trim a litt
Killer mike and chris hayes. Featuring jon batiste and stay homin. And now, live on tape from a safe distance, its Stephen Colbert stephen hey. Thank you. Youre very nice. I am. Stephen thank you very much. Welcome to a late show. Im your host, Stephen Colbert. Well, were back after ten days off, and i never imagined that, after ten days, a Global Pandemic would not be the lead story. Remember when we were all afraid of our groceries . I miss those days. No, the story that has pushed 100,000 covid deaths below the fold is americas preexisting condition racism. Protests against Police Targeting black people have broken out in dozens of cities. So april was Global Pandemic, may is maissive nationwide unrest. I assume june is plague of locusts, and then in july, pleated pants are coming back. Its not just the u. S. Citizens protesting racism in the United States. Protesters gathered in london, toronto, even berlin. You know its bad when germany thinks your countrys racist. Thats like jama
Plus stephen welcomes killer mike and chris hayes. Featuring jon batiste and stay homin. And now, live on tape from a safe distance, its Stephen Colbert stephen hey. Thank you. Youre very nice. I am. Stephen thank you very much. Welcome to a late show. Im your host Stephen Colbert. Well, were back after ten days off, and i never imagined that, after ten days, a Global Pandemic would not be the lead story. Remember when we were all afraid of our groceries . I miss those days. No, the story that has pushed 100,000 covid deaths below the fold is americas preexisting condition racism. Protests against Police Targeting black people have broken out in dozens of cities. So april was Global Pandemic, may is mass civil unrest, i assume june is plague of locusts, and then in july, pleated pants are coming back. Its not just the u. S. Citizens protesting racism in the United States. Protesters gathered in london, toronto, even berlin. You know its bad when germany thinks your countrys racist. Tha
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
Slasheed to skash costs and jobs. And in hong kong, police and protesters clash again after a week of relative calm. Shery consumer inflationshery . Year cpi numbers. Growth of 0. 2 percent. But this is missing expectations that we would see a rise of 0. 7 . Despite the missive estimates, we are seeing growth from the previous month when the inflation number was flat. Month on month, disappointing 0. 6 . A contraction of estimates were for a slight growth. This is contraction from the previous month of october. We know south korea faces challenges including negative base effects. Last year in 2018, we saw a higher food and crude Oil Prices Back then. The year on year number remains under pressure so we are seeing growth of only 0. 2 for the month of november. Those expecting thirdquarter gdp numbers out of south korea on tuesday, after the bank of korea kept the rate unchanged. Inflation numbers looking not too strong of the moment. Australia has just kicked off trading. Sophie aussie