Welldeserved. Kids threw beach balls while i was talking. They didnt walk out. They did not. Accomplishment these days. Yes. Congratulations. From the whole family, from the whole crew. Thank you, thank you. A very big deal. Very, very humbled. Unusual for me. Anyway, lets move on. We got a great show for you today. Ford stock has fallen 35 under mark fields during his threeyear term, and now, of course, as you know by now, hes out of the c suite, but will the replacement turn things around . We have that satisfactory coming up here in a little bit. New problems for amgens experimental drug. We got details on that. Stocks down 2. 5 . More fallout from the biotech sector. Twitter holding a Shareholders Meeting this afternoon. That stock up in the last month. A good Old Fashioned bullbear debate whether the company is getting its mojo back and whether you should buy it now. Beginning, though, with President Trumps foreign trip in israel today after spending time in saudi arabia over the
Meaning facebook amazon, netflix and google now. Not that theres anything wrong with that. In fact, i cant tell you how many people say to me, thanks for f. A. N. G. , wherever i go actually. When you mention something for 50 straight shows others start picking up on it. And more important investors start buying the four horsemen and making money. But on a day that the market is down a tad, the s p is back sliding 0. 05 and then the nasdaq declining 0. 8 , we turn the page on another positive month, i have to tell you that im starting to question whether this whole rally is really built on f. A. N. G. Maybe just maybe its built on something bigger. I say this because im looking at the new high list for the s p 500 today and you know what i saw . I like what i saw. Which is a broad distribution among the 70 companies that hit this august list, 70 out of 500 making new highs. Remember you dont get on that new high list by popularity. There is no electoral college. You get there because y
Vladimir putin. It still sees involvement in fighting in eastern ukraine. Bench mark and straight. A surprising move, new standards were set in the amount of easy to sell assets banks might hold. The aim is to prevent another financial crisis. The Parent Company of kfc and pizza hut says samestore sales because have fallen 13 of a food scare. Yum gets half of its revenue from china. Back overseas, president obama is in wales today with other leaders for a twoday summit. The first nato session are kicking off right now. The conflict between ukraine and russia will be a top priority for nato, which took a firm stance against his old foe from the cold war era. As we kick off this meeting, what exactly is a method to play out . The big theme is ukraine. We got these hints yesterday from the russian and ukrainian president that they may be on the cusp of a peace deal. The important thing to look for is how are the Respective Companies responding . Initial responses are quite skeptical. He t
After five months of fighting. Apple is going to toughen up security after the hack of celebrity photos earlier this week. Iphone and ipad users will get email alerts if anybody tries to change the password or login from a new device. That ruling in the gulf of mexico oil change may wipe out years of rockets at bp. A federal of profits at bp. A federal judge ruled that bp was grossly negligent when it comes to the oil disaster. They may face another 18 billion in fines and penalties. After the all important jobs report. Wall street anticipating that a strong report. How strong does it need to be to keep the bond market the bond rally going . Fed will note the change its policy anytime soon, even after weve seen betterthanforecast economic numbers of late. Economics editor mike mckee has our preview of jobs. Its amazing that, after numbers weve seen, we are still sitting here with a 2. 45 10year rate. That cannot last. Start with car sales. The highest since june, 2005. You need to buil
It because im trying to make some money around here. After an amazing week but a hohum day where the dow dropped and the nasdaq goinged. 23 i want to talk to you about two buyable dips. Buy, buy, buy. Google and ibm. You may think im sticking my neck out. But im introducing the notion of longterm opportunity. Its not a copout. First off, we know google and ibm both disappointed people last night. [ baby crying ] boo we know it because they went down after earnings. Thats what happened. Its undeniable. In the trading world a stock that goes up after reports is a good stock. A stock that goes down after it reports is a bad one. [ buzzer ] simple. Anybody bought the stock for the quarter, in other words expecting an upside surprise got it wrong. In trading you buy a stock for a catalyst. You get the catalyst in the earnings report. Sell good or bad. Thats what trading is about. Thats discipline. Having the discipline to recognize that you bought something for a trade and it just didnt pan