Consumer this morning. Well break down earnings. And breaking up is hard to do the chairman of the ftc weighing in on how to separate facebook the dow and s p in the midst of a three session win streak, moving closer to erasing all of the losses from wednesdays big selloff with stocks set for modest open, does this signal a pause in the volatility jim what do you think about that question i think that thats probably wrong. I dont see a pause because at what point today do we start hearing about jackson hole and what powell is going to say and what the president is going to charge were still dealing with a rosy hangover from the weekend talk shows where people really are buying into what larry kudlow said and it is interesting, but home depots comments are very much like what larry kudlow said. That things are a little better than people realize. There is no recession. This is pretty good. I feel like when i hear those things, it makes me think of is the hawks on the fed are going to be
So, so good. But there is a downward bias in how many investors approach this market and i think its kept people out of lots and lots of good stocks. Sadly no matter what i say, this pius will probably increase. Now that january is behind us, february is ahead. Sop declining. 6 . What do i really mean by a downward bias . Im talking about a market that plummets at the opening off of the weak germany yeah, germany. And then snaps back when investors recognize how silly that correlation again im talking about the notion that a slowdown lurks around every corner, as people thought would be the case with apple tonight, or that pricing is going to get worse a fret about alphabet or demand is about to taper off. The whisper that drove down the stock of amazon in late afternoon. Do you know that none of these happened to be the case. None of them with only alphabet giving you cause. I think so many supposed experts and analysts keep giving you second rate or even just plain wrong information.
Markets and new polls and an interest editorial in the uk and jack ma takes the stage at alibabas investor meeting in china gives an upbeat view for the year ahead. Stocks trying to recover from the first three session losing streak in almost a month. A lot of cross currents. The german 10year, it finally got there. Yeah. I mean look, when i read the commentary about the eu, germany, brexit, its almost like youre starting to think like are these people really thinking its september 1, 1938, talking about munich and chamberlain going there and not being stiffed by the fascist. The commentary is outramgs you and insane and inflamed. Its about the eu, about a country that could leave the eu. Its about not knowing what will happen after. Its about safety everywhere. But its about something im not saying im an american first here and that this is 1938 and the u. S. And roosevelt sends a letter to chamberlain maybe this thing and talk to hitler listen i think maybe this is a out of control.
Brent below 42 for the First Time Since 2009. We begin with shares of chipotle falling hard. The company issuing disappointing guidance on another e. Coli outbreak. And a 14 billion acquisition, huge premium for Keurig Green Mountain. Its going private. And ges deal with electrolux is off. First up, Keurig Green Mountain has agreed to be taken private. The Investor Group led by j. A. B. Holding. Coke, which owns about 17 of keurig says it is fully supportive of the deal. Keurig will operate independently as part of j. A. B. s coffee platform. What else do we know about this. The main one they own is jacobs they did a deal with mondolese back in 14. It was completed in july, actually, of this year. 44 of that company is owned by mondolese. The rest is controlled by jab. Mondolese got 3. 8 billion euros for selling their Coffee Business into this. Theres an enormous platform that already exists for selling coffee. The key here is keurig, which has been Battle Ground stock, which has cert
Conducts more air strikes putting pressure on donetsk. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. A warm welcome to Worldwide Exchange. Heres whats coming up on todays show, a gold rush to cut costs. This is australias second biggest gold mine in the country. Also, could a political crisis in bulgaria be putting the trouble of ktb in doubt . And as investors await michael kors earnings, we learn what could be killing the handbag brand . Portugal unveiled a rescue plan protecting taxpayers to leave junior bondholders carrying the can. The countrys biggest lender will be split into a good bank and a bad box holding the toxic assets linked to the business empire. The bs shares are currently suspended after a record 3. 6 billion euro loss was posted last week. The European Mission says the bailout is in line with the eu state rules. To shares in pierre, we are looking at the beginning of the session this morning with Portugal Telecom shares under w