As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca
Question their systems, and remember whos the biggest short in this. It is big ackman. This has been the trade hes been ringing the bell on the last three years. Is he getting closer to getting his way . Unclear, but we know this is a very big number. David ease government regulators as it turns out. Stephanie not the only big thing happening today. Roger the other big thing happening today, bridgewater sitting down with Eric Schatzker. Thats coming up later on. Lots of news to get through, and lets start with the first news. Mitt romney is going off to donald trump in a few hours, the former president ial candidate will make his case why trump shouldnt be the nominee. In prepared remarks, romney says donald trump is a phony, a fraud, his promises are as worthless as a degree from Trump University. His domestic policies would lead to recession. Is foreign policies would make america and the world less safe. Trump says romney ran a terrible campaign four years ago. It didnt take long fo
Weve got an allstar team lined up to get you the numbers, and more importantly, what they mean for stocks in the broader market. Stay tuned in about an hour when the action heats up. An impact on tomorrow, without a doubt. You know the saying buy the rumor, sell the news . When it comes to bill ackman and his reported takedown of herbalife today, it was more like sell the rumor and buy the news. I mean, big time. His presentation didnt tank the stock, as expected, it did just the opposite. Herbalife is surging right now by 18 . Why does the market think that hes so wrong about this company . Were going to take a closer look at that. Its an intriguing story. It is. Now, lets look at where we stand in the markets. The s p 500 at 1,982 is currently three points away from trading at an alltime closing high. Now, the Dow Jones Industrial average not far behind. Its at 17,110. Its High Water Mark is 17,138 for the close, 17,151 for the intraday high. And finally, the nasdaq doing reasonably
Herbalife shares. They have been facing similar permit scheme criticisms from activist investor black men who by all accounts wont finish his fight against the company until it is out of business. Cheryl a move to show a herbalife is not backing down, they are now meeting three new members to the board, all of whom are carl icahn approved. He has publicly sided with herbalife in the battle. Charlie gasparino is here now with exclusive details of what has been happening. Charlie this is over the past couple of days what they say his intentions are. Here is what they are saying. I actually did ask some of these people does carl icahn believe, does he have any doubt whatsoever herbalife is a company that is legal, it is not a pyramid scheme. Their words, carl is 99 sure herbalife is the real thing, it is not a pyramid scheme. A 1 possibility . It is impossible to have 100 certainty, but he tells people he is 99 sure this company is legal and it will survive. Herit is also what the Company
The president s, and maybe the geopolitical tensions and more sanctions against russia. Whatever, the day sure felt ominous. The s p giving up. 48 and the nasdaq dropping half a percent. Giving that the marks have turned treacherous here, whats the game plan . I think we have to raise a little cash to handle this newly punishingen viern am. You know ive been saying dont put new money in. Im tepid here. Many companies are reporting pretty decent numbers and not being rewarded for their efforts like starbucks today. I have to tell you that makes me uncomfortable. For example, next week we hear from cummins, cmi. Its one of americas greatest industrial manufacturers, columbus, indiana. Fantastic. My Charitable Trust which you can follow on Charitable Trust opinion com, but you know what . We took profits this week after caterpillar which has a similar profile got hit when it reported a decent number. I like cummins much more than cap, but i dont like the action that buyers have begun to r