How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring wi
should ever have to bury their kid. pain and rage. that s the cycle of emotions a mother says she is experiencing after losing two sons in less than a year after the war in afghanistan. announcer: live from cnn center, this is cnn newsroom is kim brunhuber. the biden white house is officially hands off regarding last week s fbi search of donald trump s mar-a-lago residence. it turned up 11 sets of classified materials, including some with the highest secrecy. privately some white house officials admit they re worried about what other sensitive documents might be out there. in court documents unsealed in relation to that search hint at the legal jeopardy the former president and his al llies coul be facing. reporter: new information revealed in documents related to the mar-a-lago search sharpening the focus on former president trump as a possible subject of the criminal probe. the application for the search warrant unsealed thursday reveals that among the crimes
Dramatic. And the speed as which they were happening was once unthinkable. The dow travelled 20,000 points during the f paste trading sessions. Today, it rose 500 points. Then it fell 500 points before closing with a gain of more than 1 . The Dow Jones Industrial average rose 330points, to finish at 24,190. No longer in correctio territory. The nasdaq added 97. The s p00 climb 38. But for the week, the major indexes each saw declines more than 5 . In one of the craziest stretches since the financial isis. The dows sudden drop a week ag today had Global Markets reeling by monday. Its allbout market psychology. And it is changing as we speak. Reporter by the final harrowing hour of trading the dow was setting records, but not the kind anyone wants to hear about. Now we are talking min stretch. Its changing by the second here. The dow jonesndustrial average is currently down just under 1600 points. M everybody thought theket was going to keep going up, going up, it was never going to go s
But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
Cedar Rapids Police are cedar rapids cedar Rapids Police are starting to police are cedar cedar rapids cedar Rapids Police are starting to worry about an increase in crime that could lead to guns ending up in the wrong hands. Hands. This year there have been 18 firearms stolen from cars many left unlocked. Two of the weapons ak 47s. Police chief wayne jerman says between 2014 and 2015 and with the year not yet over we are quickly approaching that number now. It certainly goes against responsible gun ownership that we are trying to advocate for. Again, a firearm is a lethal weapon, its by no means similar to a laptop computer or cell phone or other items that are frequently stolen police ask you to always lock your doors and never leave valuables in the car. Also as cold temperatures approach even though its nice to already have the car warmed up police say if youre not careful someone else could be driving off in it. A vinton woman will spend nearly four years behind bars for forher ro