Down to 67 basis points today. Road map begins with the year of trump. One year since donald trump historic run, is there still room to run for the stock market rally that followed . A snap lifeline tencent posts a 10 stake. A snapchat redesign. A president ial warning to north korea, do not try us we will go live to beijing, the latest stop in the president s tour of asia it was the year ago today that donald trump was elected president , market history has been made with stocks constantly hitting record highs since the trump election, the nasdaq is up 30 and s p a 21 gain guys, if you look at first years of incoming president s, its third behind kennedy who had 26 his first year and bush 41 had 23 were going to look all morning long at the impact on m and a and how the tweet moved individual names. Its worth talking about. Lets get one thing straight, the rest of the world has been good too i dont want people to say if they hadnt been in america i do think theres an atmosphere that c
He had an obvious win on his hans and he punted and didnt take advantage of it. Nasdaq gained. 03 . Accountability at last . The money manager in question was warren buffett, and maybe the take away is that only the worlds greatest investor can afford to make a mistake. Everyone else must be too secure to do the same thing, because theyre all making them. It rapt at everything buffet said over the weekend. When he told us what hes looking at, what hes thinking, way he he is a done right and whats done wrong. He and his team, including the incredibly youthful 994yearol charlie mugger particularly the companies he plat flat out acquires wholesale. Before he go over buffets selfadmitted gaffs. This is a man who believes in america, who believes the future is brighter than the past, and he likes business es he can buy for less than best of breed companies. He can afford to take his time and get it right. Because the penalties for getting it wrong are very high. He values hard work and smar
One minute youre yelling at them to get off their loins and then theyre taking over the world. I like them back home and youre yelling at them. Thats what happened today. Dow dipping 24 points and s p dipping and there are changes underneath. They are about the millennials. What do i mean when i say the kids are taking over . Theres a group of consumers that simply dont behave like any other. Im talking about these millennials. Many of the people who run companies these days, they have not a clue what the Younger Generation is up to or what they think is right or how theyre different from their parents. These millennials frankly, might as well be aliens clever, tricky aliens who arent bound by any of the traditional ways most people believe. Even if you can think like the millennial, it may not matter because of structural issues that prevent you from making changes at your company to please them. You may see the train coming but you cant do anything about it if youre tied to the track
Numbers from germany higher than atected, Business Confidence 115. 1, estimated 114. 5. Global stocks advancing. Nestle is the one we are watching. It did spark a rally in european dan loeb looking at the company. The other one im looking out for is intesa. Lets get straight to bloomberg first word news. The u. K. Prime minister due to meet the leader of dup. Also, theresa will publish details how she intends to protect European Union nationals living in britain. David davis has said that in said britain will fight any demands. Are secretary of tate says qat will find it difficult to meet demands from of the Rex Tillerson said they could be a basis for talks. The list of demands includes shutting al jazeera, cutting back ties with iran, and ending turkeys military presence. Pakistan, more than 150 killed after a tanker exploded. Officials said dozens more are in critical condition. Villagers had gathered to collect leaking fuel. The final round of election showed a resurgence in for fo
We have second half strategies coming up for you. Vertex, activism, blizzard, and within resorts are among the winners in the stock market today. Good gains thats just showing you todays gains there. Foot locker, devon energy, and kroger are some of the bigger losers we always try to discern larger trends from looking at the individual stocks. The kroger story we know well. For sure. Whats old is new again well get you details on a firms turn around plan. You may have heard Berkshire Hathaway is now the largest share holder in bank of america. But thats not the only company where warren buffet is the top shareholder. I love that story, he bought the preferred. They raised the dividend he converted and now he made 12 billion in the process. You have to hand it to hill when everyone was panicking, he stepped in and made so many deals. Buy low thats how that works. Lets get to the market. So far the nasdaq is up more than 14 while both the dow and the s p are up roughlile . But thats star