China is now falling back on its major levers to stem their biggest decline since 1996. The shanghai comp positive dropped 7 overnight before policy moves took place. They came in after hours. The besthat some of minds have been saying about china. I tell people be cautious because i dont think china can come up that easily with a solution overnight. Complicated situation and Financial Markets is not the first thing on the radar screen. Thats why this market is trying to find its own level and its clearing at a much lower level than most people have expected. I think the market is very oversold. Over 1200 new lows, 12 month lows on the new york Stock Exchange. Usually, this occurs at the end of a bear market. This has occurred at the beginning. This is a signal that something is very wrong. Dont get excited, take a few days off, wait for the market to stabilize and then come in. Dont be afraid to buy when everyone else is selling. Dont do it in a rush, take your time. Julie hyman is wi
Have you spend any time with us and talk about stocks. Thanks for having me. And the markets and Everything Else in between steve weis and josh brown. Youll see them throughout the hour as well a great collection of investors on the stage stage behind us giving their views on the market which are at record highs as were sitting here having this conversation give us your view on where you see the markets and where they are now. If its justified or not in your mind. Well, define justified. Well, why to you think were here i think were here because basically the Central Banks have todaysy theres the general view that whats worked will continue to work Monetary Policy will stay easy, and and well live with the valuations, so i think that kind of sums up the way i think most investors think. Yeah, youre not saying, and maybe its purposefully, that theres any sort of credit due to the president or his expected agenda is that purposeful that you dont think that hes responsible at all for wher
But we still saw a higher climbed by the end of the day. That run is continuing here. It is being fueled in part by earnings we have been seeing, being fueled in part by higher rates. It is a positive week for the s p 500. In fact, not just this week, but it has been on a sixweek run of gains. Some of the game, as you can see, have been modest. This is the longest streak we have seen in about three years. A streak of weekly gains that we have seen in about three years for the s p 500. Some of the movers we are watching today include materials companies, Building Materials specifically. We have seen lumber prices and prices for other types of Building Materials rise recently. We also have existing home sales data today that came in ahead of estimates. Mark arrieta of Eagle Materials , eaglein marietta materials, and Vulcan Materials companys dating today. Proctor and gamble is leading the way downwards, after the company came out with numbers that sales beat forecasts, but numbers met e
Freedom on their platforms. Julie wall street heavyweights weigh in along with Lloyd Blankfein on this weeks top interviews. I cant see that this is the moment you want the most fiscal stimulus in the market. The things that can be fixed, but you cant do them by making light suggestions. Julie plus a slew of earnings to sort through with insight from top executives. The challenge is coming from search. Julie its all straight ahead on bloomberg best. Julie hello, and welcome. Im julie hyman. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week begin with a bombshell as the first charges were revealed in special counsel Robert Muellers investigation of russian interference in the 2016 president ial election. President trumps former Campaign Manager Paul Manafort and his onetime Business Partner rick gates charged in the investigation into russian meddling with the u. S. Election. Mana
Washington dampen some of the fanfare. They have manafort in the system now and mueller can apply leverage to him. Companies dont want to do anything to alter the nature of freedom on their platforms. Julie wall street heavyweights weigh in along with Lloyd Blankfein on this weeks top interviews. I cant see that this is the moment you want the most fiscal stimulus in the market. The things that can be fixed, but you cant do them by making light suggestions. Julie plus a slew of earnings to sort through with insight from top executives. [indiscernible] are the challenges coming from search and social . No. Julie its all straight ahead on bloomberg best. Julie hello, and welcome. Im julie hyman. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week begin with a bombshell as the first charges were revealed in special counsel Robert Muellers investigation of russian interference in the 2