Are taking a battering. This market can set whole sectors and polarizing them. Todays healthcare. The French Company cut its forecast and boosted its spending plan. Those are called kisses of death. The pin action from that, drug down the entire group. The negative forecast from bristol mile didnt help either. These used to be safety hiding places with high keep you. With trembling. At this rate is so high the dividends have become meaningless. Many other pipelines seem to be running dry. The cover is bear. Big pharma is just a nightmare. Just as we have been rolling bull markets in the old days, what we find out where marauding bear markets but thats what happens when rates go up. We have now got all over the place stocks falling apart. Thats what i felt all day. Were falling apart. The drugs, the oils, after chevron plummeted 10 points, chemicals failing to deliver the goods, they too used to be brought by the yields. At least until the fed starts cutting rates. Tech got a reprieve t
High on the Hills Of Simin valley sends a monument, Ronald Reagan. The great communicator. Ch americas 40thie commanderinchief. Government. Lish big the nine most terrifying words in the english languag e are i in from the government and i am here to help. And sought peace through strength. Mr. Gorbachev, tear down this wall. [cheering] 40 years after reagans last reelection the Republican Partye faces critical questions. What does it mean to be a conservative . Quickly fight for the truth. We are not going to worry about what the left and the immediate say about us. What is the key to a thriving economy . Is not regulation forre. He america can dso for everyto anyone what shes done for me. We will stop the spending. The borrowing will stop the earmark for. E in was america rolled the worldt we need to build a military fitted to the widening challenges in an ever more dangerous world. Sometimes we avoid the war. The country faces even more challenges. Fr what reagan even recognize that
Of ours. Actually 10 00 we are looking up on all the major averages i guess, yeah, looks like we are. European markets, you ask, we answer what are they doing jim . We trade with the good ones now. Whats that we trade with the good ones. All positive. Other than spain 10 year note right around look at that over 58 this morning our road map as well it starts broadly with stocks on track to open higher boeing boosting its dividend shares rising premarket. The plan maker setting a new 18 billion stock buyback plan and a mega mall merger. Buying the World Trade Center mall and new jerseys nearly 16 billion overall. What . We should have 3m just preannounced. Lets get to that too. Remember the other day a fellow was telling you to sort it it was ill advised. You were on him. I was all over him like a cheap kmart suit. Those are cheap. That was my first thing that i wore to goldman. They said get out of that corduroy suit. A day in which the fed will hold its final policy meeting of the year
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Football but i take it way too seriously to go by that fictional rubric tonight after another decent day for the averages, s p fansi fansing. 57 a new alltime high for the nasdaq its time for me to show my reality, not fantasy, but reality stock team in my head last night, while i was busily putting together what could be a championship ski daddy ski team which competes in the mad money slump, i am hoping after being bounced in the semis last year, to go back to my dynamic form i know i have the makings of a strong squad all there on twitter to see. But this is cramerica. Not slump a decka. Even though we all know better to draft in the first round, unless theyre tom brady, we all know that apple is the tom brady of stocks. An ageless, unstoppable force. The rap against apple is its just mobile. Apple is the greatest Consumer Product of alltime, as i look at brady as the greatest quarterback of alltime. Even though tim cook went to auburn while brady was a walk on at michigan, cook is