Comes on the heels of a disappointing quarter that saw the firm notch its worst ever results in the commodities business they say this is kbws note today we have more questions than answers about the franchises health at this point in time. Should we . Well. You take one quarter two quarters of bad trading yeah, we can ask the question. I think the question is a little bit bigger than one or two quarters this is a firm that over decades has had a little bit of a tugofwar going between Investment Banking on one hand and trading on the other hand. Youve had a guy at the helm for ten years thats a trader extraordinaire in years past youve had Investment Bankers like hank paulson running the firm i think the question is where are the Investment Bankers picking up slack from the trading which in the last two quarters hasnt done so well is it time to rethink owning this stock it is time to rethink it but when you rethink it youll come out its 1. 2 times book value. It can get a little bit ch
Sara eisen the dow is up 81 the best day for retail since late july as the markets go green for august absolutely we are also following a big business story President Trump making waves doubling down on a previous statement that, quote, both sides were responsible for the violence over the weekend. Multiple executives stepping down from the white house business councils, some vowing to stay and work with the president. Listen to the restaurant ceo andy plesner who is a big trump supporter. Listen to what he had to say i was really happy with jaime diamond who came out and made his statement. This was very positive because i think two years ago jaime dimon never would have said anything american executives speaking up is incredibly important. Dont walk away from the table, stay in the game, lets see what we can get done. Now listen to former secretary treasury Larry Summers disagreeing and saying wishes to speak to anyone in the senate, anyone in the president s cabinet or key officials
Right with one or two days left in the quarter the announcement comes Yerba Buena Center in San Francisco and its available to the public with just one or two days of actual data, if you will and so i think thats likely to still be the case. I think they will still announce it and still have it available with just those one or two days at the end of this quarter josh, 200 bucks is that the point that investors and apple should be setting their sights on at this point . I dont know what market cap that would imply is that 1 trillion . Thats over 1 trillion theyre doing buybacks. 190 . All right, listen, if the history books were written and apple became the First Company in World History to be worth 1 trillion, i dont think i would fall out of my chair thats not a prediction or a price target, but i do own the stock. Ive owned it forever. Ive cackled with glee at all the various upgrades and downgrades over the year i continue to receive my dividend and rejoice in all the new technology
The question i ask for michelle and tyler whach what happens if and when the Manufacturing Council decides to dissolve the strategic and Advisory Council has now officially tried to disband do you try to create a new one or go on the ceos he tried to put himself so close to. President trump is going to be extremely angry he is going to take this very personally he tweeted yesterday or the day before, when people started to leave, that he had others lined up to come in and take their place. We will see, i guess, if these kind of councils are very, very valuable to the white house and the president. He will try and reconstitute it. It will be interesting to see who will accept a position on it that council why do you think we are not seeing more of a Market Reaction to any of this not just today but yesterday, to everything that has gone on. This is a stock market that ignores every single thing that comes out of washington. It is completely divorced from donald trump because multination
Weiss, jon najarian. We begin today with stocks on pace for their worst month of the year three down days in a row looks like well have a pickup where we came off. But weve come off the worst levels weve bounced a little bit. And i think right now, this is more of a derivatives type of trade. This is an options the trade and a features trade i dont think were out of the woods just yet i think that were seeing a lot of the tupf. A. N. G. Names, whichr very important if you are not going to get f. A. N. G. S in the wake of earnings, continuing the uptrend in the market, going to be in a little bit of trouble. Credit markets are good, emerge markets are good, those are good overall conditions but were not out of the woods just yet you feel like this correction is happening its going to be so narrow and shortlived that well be right back to where we we were before . Look, i think the bias shortterm is a little towards the downside not significantly, not correction territory i just think it