Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
Welcome on this monday. Our investment committee, joe, josh, sirrat and john. Shanna is here as well, chief Investment Officer at Boston Private Wealth the market, stocks are rallying after the president says china initiated a phone call about restarting trade talks and wants to make a deal chinese disputing that today saying such highlevel calls never took place that leads us to our own eman javers in france coming off the News Conference with the president. The president was asked directly about the mixed messages, if you will, and he gave an interesting answer yeah, it was a fascinating moment here at the g7. This two by two press conference which is traditional at these things where french president macron and President Trump stood side by side and took questions from reporters and then macron said im going to go do my own press conference, President Trump you carry on and left the room the president continued a wide ranging press conference taking questions from a number of report
Percent. Shanghai stocks down by close to 1 a decline of more than nine tenths in europe there have been some green arrows the dax is up by. 2 the cac is up by a quarter percentage points. Stocks up in italy, spain and london crude oil prices which ended last week just shy of 59 a barrel, check this out right now, down by about 44 cents. Still, wti trading above 58 at 58. 51 a barrel. Now this morning the big news of the day. Publisher meredith buying time, inc. , for2. 8 billion thats the price meredith will pay 18. 50 for time, inc. It publishes wellknown magazines such as time, peopl people. Meredith received 650 million a lot of people raising questions about what this means. Raising 650 million in backing from the billionaire Koch Brothers, charles and david koch are widely known for supporting conservative causes. They say the magazine business is a good investment in the press release koch industry says it will not have any seat on merediths board and will have no influence or e
Senator ted cruzs twitter account last night liked a pornographic video about a woman who finds a couple having sex on her couch. Ew, gross, said the porn stars after hearing that ted cruz watched them. [ laughter and applause ] thats right. Ted cruzs twitter account was caught liking a pornographic post last night. Its the secondmost embarrassing thing cruz has been caught liking. [ laughter and applause ] President Trump will reportedly visit china in november. Oh, can you pick up my handbags, asked ivanka. [ laughter and applause ] in a recent interview with Time Magazine white house adviser Kellyanne Conway said that the key to her success is to, quote, think like a man and behave like a lady. Also dress like no one is watching. [ laughter and applause ] eric trump announced today that his wife has given birth to a baby boy. You know, we here at late night have made a lot of jokes about eric trump [ laughter ] congratulations, eric. The kangaroo population in australia has grown fr
Senator ted cruzs twitter account last night liked a pornographic video about a woman who finds a couple having sex on her couch. Ew, gross, said the porn stars after hearing that ted cruz watched them. [ laughter and applause ] thats right. Ted cruzs twitter account was caught liking a pornographic post last night. Its the secondmost embarrassing thing cruz has been caught liking. [ laughter and applause ] President Trump will reportedly visit china in november. Oh, can you pick up my handbags, asked ivanka. [ laughter and applause ] in a recent interview with Time Magazine white house adviser Kellyanne Conway said that the key to her success is to, quote, think like a man and behave like a lady. Also dress like no one is watching. [ laughter and applause ] eric trump announced today that his wife has given birth to a baby boy. You know, we here at late night have made a lot of jokes about eric trump [ laughter ] congratulations, eric. The kangaroo population in australia has grown fr