Soaring on the heels of more dovish rhetoric from the fed. Large cap tech, staples, deschristianry, all moving higher and are the bears ready to surrender . We kick it off with our biggest bear. Brian kelly, what do you say . Not ready to surrender at all. Simple stuff, since june of 2015, almost a year ago selling the r. I. P. S has worked for the strategy and buying the dips has worked and transports, one of the leaders on the market on the way up. Financials really lagged today and when i look at the bigger big. I look over in europe and look over in japan and those markets, the nikkei and dax have diverged massively so when i look at the s p 500 i look at it as the last man standing and it scares me up at these levels. Corporate earnings are falling and not a place i want to chase this market at all. In fact, i want to be selling the rips like you have been doing since june of 2015. Second biggest bear on the desk, what do you say . Heres the thing, everything what brian just said
Youre looking at the cac, and the dax up as well. Lets take a look at crude before we get to merger monday or unmerger monday. The wti trading at 4 45. 63. Halliburton and baker hughes scrapping a deal, following opposition from european and u. S. Antitrust regulators. It would have combined the second and Third Largest Oil Services Company and it raised concern it would result in higher prices. Last month, the Justice Department filed a law suit to stop the deal. And as a result, halliburtons going to pay baker hughes a 3. 5 billion breakup fee. I guess you could argue both sides of this, andrew. We know events, its already happening, 7 increase in the price of oil back to h45. The industry will come back, and at that time you have a powerful anticompetitive. Potentially. But in the meantime, it obviously made a lot of sense for both companies to try to pool their resources in such a tough period. And i just wonder, you know, its a fine line to draw, depending on whos president and wh
From activist investor and its shareholder elliott management. Well have a lot more on the talks around dell and from a tech analyst in just a minute. Also Fiat Chrysler and the uaw reaching a tentative agreement on a new four year labor contract. They threatened to strike if a deal wasnt made by midnight. Also 40 pow uaw workers now must vote to okay that agreement. The last proposal was rejected by rank and File Union Members. Many retailers will report Monthly Sales today. Costco saying its september comps were flat. Analysts had been looking for a small decline. Other corporate news, Deutsche Bank warning of a record pretax loss of almost 7 billion. Among the reason, big write downs at its investment ranking unit. It might cut or eliminate the annual dividend. Sony is moving forward with a plan to sell its half of a sony atv music publishing. The journal reports that the publisher is valued at about 2 billion. It owns the rights to most of the beatles songs. Smartest thing that Mic
S p up by 8. The big headline we should tell you about, the biggest, of course, joe was making a joke before it began. We wont make that joke on air. Pfizer in talks with the wall street journal, with allergan. It would be a blockbuster deal if this were to take place. You are arguing whether there are synergies. There are definitely synergies. It is basically taking the marketing machine. I know where youre going with this. A marketing machine that is pfizer and allergan. The real issue is whether the regulators would allow this. Both stocks indicated higher. It continues with the trend we have seen about the Companies Even trading higher. What would regulators see here that would i dont see what market youre trying to corner. Its not me. Youre going to use your helmet equation again . What is that . Thats eurequation. You know all about that garner share. Matt meantime, back to the debates. Two rounds with the gop feel. Senator Lindsey Graham stole the show. Then frontrunners ben car
67 billion. We will break down why bigger isnt always better and especially in the tech world. You look back at some of the other tech merge he wishes in the past, i thought of hue let pack err and come back which didnt work out well, that was 18 million and this one is 67 billion and there is a lot of debt involved in that one. Number two in the rankings the evongo come deal. This one does eclipse a lot of these. All your golf eye fish nad dose out to the gary player invitational, talk the business of golf with pros Jason Duffner and natalie golbas one of us is excited about this. Natalie had the great pleasure in the pro a. M. Of playing with dominic chu, i cannot wait to hear her view of doms game. Plus the innovation in the auto sector tnls at pace. A special edition of the spark today with a company that says its product can determine stress and road rage. Are you feeling stressful . See you after the exchange. I cant wait for that. Lets start with oil. Taking a big hit as you saw