The Investment Committee is ready to go. The Halftime Report starts right now. It is great to be with you on this monday our Investment Committee today is here. We start off with what will be a big week for the fang stocks josh brown, what are you expecting here lets start off with facebook . I dont think facebook and netflix have anything common if youre long facebook dont look what went on with Netflix Facebook is a singular story the stock is telegraphing everything you need to know about how strong the quarter will be. The main concern that hang over this stock have nothing to do with fundamentals or ad rates or user rates i really think its about how bad do we think the next round of fines and or regulations will be i would point out, though, historically those things have actually been positive catalysts. It makes you upset to hear but every Time Facebook announces they settled or paid a 5 billion fine the stock adds 4 market cap the street loves when theres finality of it thats
The top court of the European Union began hearing a case that began with revelations that a u. S. Spy agency the National Security agency was compelling facebook and Similar Companies to turn over private data from users in the e. U. The 11 specific questions that spun out of that case are now before the court and center on the rules that govern Tech Companies sharing data from users around the world socalled standard contractual causes or c cs if the e. C. J. Finds that as he sees fail to protect the privacy rights guaranteed by e. U. Laws Companies Like facebook and its peers could be forced to sequester that lucrative trove of european consumer data and rewrite their rules for sharing what is arguably their most valuable resource a decision from the court is expected before the end of this year. Catching up with africa 54 of 55 leaders attending the recent African Union summit in nigeria has signed an agreement to create the african continental free. Trade area the proposal under di
Africa 54. 00 of 55. 00 leaders attending the recent African Union summit in nigeria has signed an agreement to create the african Continental Free Trade Area the proposal under discussion for 4 years advanced after Regional Power nigeria was convinced to support it. As one of the remaining holdouts on the continents agreement which would eliminate most tariffs has been ratified in the National Parliaments of about half of the African Union members the unions trade and industry commissioner predicted that the area would become operational by july of 2020 that gathered elders also advanced plans for pan african Payment System to maximize efficiencies within the trading bloc and reduce trade barriers created by the region scarcity of foreign exchange. And japan has launched another round in the back and forth with south korea over new restrictions on export materials used in semiconductors and smartphone displays japanese trade and industry minister here a show. Tokyo was not thinking at
I judge banks message to the world is that they are undergoing a restructuring a routine restructuring like the ones that have happened every quarter for the past few years in order to return the business to profitability in this current iteration davie is attempting to shed its Equities Investments its trading business and shift over to primarily a lending business now on the surface this move makes perfect sense but lets dig a little deeper remember when bear stearns underwent a restructuring translation they are in a full on crisis mode now the debts of Lehman Brothers and bear stearns were quick and painless but the coming the rise of Deutsche Bank has been long drawn out and very painful and recent times daveys Investment Banking division has been among the largest in the walls comparable to goldman j. P. Morgan and they have led book writers and notable i. P. O. s such as go daddy and aston martin and ali baba. And more but today with the stock trading at 7. 00 per share that is
There. And the nasdaq up about 0. 50 . At this hour, a lot to look forward to. You can see that with the mixed reaction in the market. But our very, very creative producers put together the three js with the gambling met aforeand what investors are looking for this week. Of course, everything we talked about it last hour with nvidia on wednesday. Youve got jackson hole. Whats going on with china. All of these things are impacting sentiment. Especially in august where, you know, volumes are light. Directionality a little uncertain. These are the three things it youll be watching. Were back to wringing our hands above zero day options. It will be a nice blend of macro, jobs revisions, housing data and micro, as we get a lot of Specialty Retail earnings, gap, anf and a few others along with splunk and snow, and nvidia is on the star of the show this week. When was the last time we saw a company like this who has earnings coming out, just the overall barometer for the entire Market Sentime