Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
Good morning, what a friday morning. No lack of news today. Home sales, the biggest quarterly jump in history. Management changing for some of jeff bezoss and it is a 4 gain today. They added nearly half a trillion in the market cap this month. It is staggering, because apple right now is about 62 billion plus above the 2 princip trillion mark. That is like adding vm wear. That is your oef raj over the two tril mark. I dont know how history will judge that when skail has taken on new meaning im crashing my ahead because im not wrong, right it is remarkable but it raises questions about the breadth of this rally, right . We continue to see the big tech mega cap names push higher and investors saying can it continue, youre leaving a lot of names in the s p especially behind, karl. Thats right, something to watch as more and more people are looking for signs of a bubble now we have a piece that just crossed regarding facebook laying out contingency plans should the president try to delegi
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
A sense of whats been the as we were trying to film weve stopped my cameraman being schooled. By. For more information on those stories you can head to our. Top the hour with another woman. This is the kaiser report were in like los angeles Backyard Television production right under actual lemon tree making actual lemonade you know when the markets give you lemons its time to make lemonade right stacie certainly the markets have given a coronavirus and epidemic a pandemic the pandemic that wont be called pandemic because that would require more q. E. That is not q e of course so you know i do want to say as you can probably tell weve been in mexico weve been in las vegas and were in los angeles out in the suburbs where brady bunch was films and the thing is that i noticed while traveling is how amazingly unprepared most people are basically is one very simple thing you have to remember is dont touch your face dont touch your face it doesnt stop anybody i see it all around me as were ch
President S Administration as the Economic Advisor and he was saying that the current virus is contained and dont worry and secretary of state pompei also had this to say update u. S. Secretary of state mike brown peo on tuesday demanded that iran tell the truth about the corona Virus Outbreak in the country voicing alarm at allegations of a cover up i want to particularly use that as an analogy for the rest of these headlines here because this is that you know the secretary of state of course presides over an empire of debt and a lot of that lies started with covering up the stability the fragility of all that debt over which we stand so were going to look at some headlines after that but what do you think max about what secretary of state pump aoe said look i mean what weve been saying on this show for a few years probably all of 10 years is that no problems ever been. Put forward into the public consciousness that could not be solved with more money printing and no matter what happe