Repeatedly pointed to the period during the late 1990s, when the fed cut rates multiple times at consecutive meetings, but not for an extended period of time he said that experience was successful but, of course, policy is not on a preset course. On the other hand a couple officials at the meeting and in the minutes, argued for a bigger rate cut of 50 basis points. And possibly even guidance now, throughout the meeting, there were references to trade tensions and there was this gnawing concern that the uncertainty has been weighing on Business Investment and manufacturing, could lead to a slowdown in hiring, and that could ultimately end up hitting the consumer on this volatility and the repo markets. The fed had a discussion about that, there were staff presentations about it, but the fed ultimately just agreed on the need to discuss the appropriate level of reserves in the future back over to you thank you very much essentially we are unchanged right now, still up 27 points. Bank sto
Market not able to meet that sort of pricing expectation. Well, your Investment Committee today, joe terranova, jim laichb thal, pete najarian, and rob sechan is there anything, joe, that we can take away from peloton even maybe uber and lyft we dont know the numbers. They havent had a public quarter. Im not asking you to analyze the stock. You want the good news first . Sure. Its not smile direct now if you look at the stock, you say to yourself, what is it . Is it technology what is it exactly that we just brought to the market . Fitness is very difficult. Pete and i were just talking about this before the show you go back to 2002. Think about may of 2002. Nautilus was 45 nautilus is basically 40 million market cap at this point. A dollar fitness is difficult to offer on a public exchange. Think about vitamin shop, gnc. Now, you get the occasional Planet Fitness which is falling back to earth right now. But at the end of the day, it is difficult to get a Portfolio Manager confident a
Here in new york but the markets are a little soggy right now United Health, the biggest of the dow downers. Morgan stanley lowering its price target but keeping an overweight rating for United Health peleton shares are trading lower marking another disappointing ipo. Bob is looking at some of how the biggest names are performing the buying public is saying prices for ipo is too high even if its centered around sound concep concepts this process has begun several months earlier of 120 ipos that have gone public, 22 have broken their ipo price on the first day of trading. About half are still trading below their initial price. Many ipos started really strong but they have been slipping recently as the investors question the valuation had a great week it was up 26 . Its now 6 this week. Crowd strike was huge back inror months but its down 16 this week mpl peleton off the lows of the day and disappointing debut for the company that makes those bikes and treadmills and offers classes. In w
Softbanks masason in favor of unseating. First Lady Melania Trump coming to the nyse, set to ring the opening bell to help highlight her be best campaign we start this morning with this ongoing drama, increase drama at wework. The company we followed closely in weeks past because of the expectation it would soon go public thats no longer the focus at least of the current stories involving the company. More so the future of its founder and ceo and Controlling Shareholder adam newman. This morning we can tell you much remains in flux at the company in terms of the future of its Senior Leadership with a number of significant Board Members and shareholders moving to oust mr. Newman as the companys ceo, move him into some sort of other more ceremonial position, nonexecutive chairman or something along those likes. As of early this morning, it was unclear what mr. Newmans future would be there is some division on the board, im told, by people familiar with the situation where representatives
We begin with a teching wreck on wall street. The fang stocks stumbling, all posting big big losses the past few days is this fangfree fall taking down the Broader Market tim . Some cht frank free fall is something i think we saw three to six months ago. Clearly with the regulatory headlines on doj in june big moves facebook and google have had a tough time getting out of their own way amazon got back up to alltime high has not exceeded that ill let the chartist tack about that but when you think about the market for the last month and four or five months yes we saw the interesting rotation into cyclical stuff a month aigt. But really the defensive rotation is something thats been alive and well for plshl six to nine months as evidence by utilities thats an environment you cant see fangout perform and the multiples caught up to the stocks i know the multiple on google. Not so much. I know the multiple on facebook, not so much. But i think again you have regulatory pressures on top of v