Selling the rest of his shares. What is next for him and the company . Regulation, legal and legislative hurdles continue, especially for overseas apps. We will hear from senator Marsha Blackburn on how much more needs to be done. First, our top story, and a lot of Market Action on thursday, specifically in the tech sector. The nasdaq closed above 9000. It has returned more than 35 the tech sector has now returned more than 35 this year and is on track for its best year since 2013. One of the best performers has been apple. On a point basis, apple is one of the best performers in the s p 500. It has outperformed on a percentage basis. Another high, another day, another record at tesla, 430 a closing out at 430 a share. Tesla and elon musk have defied the shorts in the last few months and we will have more on teslas record coming up. First, i want to look at the 2019 story of uber. The Ridesharing Company went public in the spring, but has faced a barrage of legal hurdles. Some battles
Bears in berlin thanks for watching its a 1st in u. S. History economy has expanded for 126 consecutive months that also means is the 1st time the country has recorded an entire calendar decade without a recession both milestones were reported today by the National Bureau of Economic Research to be fair the expansion began at a very low point the end of the Great Recession and has been uneven with job growth slow at 1st and wages picking up later but things been booming since donald trump became president aided by his tax cut stimulus moves to slash regulation. One sign of that booming economy is that record breaking u. S. Markets s. And p. 500 on friday hit a record high for the 7th straight trading session nikkei didnt get the memo however its shares did it despite a strong Earnings Report revenue for the 2nd quarter beat analyst expectations although Gross Margins didnt nike posted higher revenues from china spite being hit by u. S. Tariffs as part of the trade dispute notably the c
Economic outlook remains favorable. Plain english, no recession on the horizon. Growth continues. Top banker jamie dimon joined the optimist club. Growth will continue, he says, and he expects a phase one trade deal with china. This week, we reported on jpmorgans call for market rally next year and Goldman Sachs call for a Strong Economy next year. 2020 looking good. Todays Market Action is somewhat clouded by the uncertainty of whether or not theres going to be what the results will be of that white house trade meeting. The dow will be down 30, 40 points. Small loss for the s p. Small loss for the nasdaq at this point. Now, the president s looking good. Reports this morning that some House Democrats will not vote to impeach. That means a split Democrat Party and a hyper partisan impeachment process. Not supposed to be like that. Oh, and the brits are voting. Looks like the socialists will lose. Varney company is about to begin. Stuart all right. We are beginning with the trade meeting
Softbank vision fund. What is going on . Of new reports. And 2019, the year in review. ,he plans for Cryptocurrency Facebook felted all. What is the strategy going into 2020 . First and the top story, shares of micron up after they reported betterthanexpected top and bottom line numbers for their fiscal firstquarter and the forecast strong numbers for the current quarter. Gross margin is something i have been eyeballing all day. They are coming in more than 27 . At the ludlow ed ludlow is here to break down the numbers. What is your key takeaway from this report . Reporter with these numbers, that is the optimism across wall street. The memory chip market will rebound probably at some point in the second half here. When we talk about dynamic random access memory, we are referring to the memory change that goes into computers, pcs. You look at the chart, prices trade like a commodity. They have been trickling as new Technology Comes into the market and capacity comes into the market. Th
Why they like facebook and apple. Tech regulation, legal and legislative hurdles continue for technology, especially overseas apps. We hear from senator Marsha Blackburn and how much more needs to be done. We begin with tesla. Stock has been on a runaway rally. We saw shares of breach the ceos goal 420 of 420. An analyst joined meet to to discuss whether the turnaround is working. If you look back at the last six months, it has been massively impressive what musk has been able to do in terms of turning this around from a d perspective. 600. You could start to see the stock go much higher. Bull case, 580 to 600. A lot of that really rests on china. Taylor dan, ive spoken to a few neutral bearish analysts who really are concerned about demand in china. Do you have any sense of what could be a bear case if something were to happen, may be the economy starts to slow . What would need to happen for you to turn more bearish . If i look at the work we have done in asia on the ground, and over