Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making
Month. Corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. And the u. S. Is weighing new 100 tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now Morgan Stanley Ceo James Gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. Good to see you today, lindsey were seeing the markets kind of shrug over these trade headlines, why i think the market has really priced in a phase i deal getting done the news in the Early Morning market got excited and that quickly got deflated the market is up 26 yeartodate its trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the Economic Data to really get caught up to those earnings multiple we are set for record alltime closes. Anything positive for the s p and nasda
Michael bloomberg apologizes to black people and the real reason President Trump was in the hospital. So lets catch up on todays headlines. Lets start with the International News thats blowing up all over the world. Ever since Jeffrey Epstein was arrested and killed himself in prison, all the men who ever associated with him have come under fire, no one more so than Prince Andrew, the one member to have the royal family who everybody always forgets, and this weekend Prince Andrew tried to defend his friendship with the convicted sex offender and he gave the most royally out of touch defense weve ever heard. Prince andrew speaking publicly for the first time about his relationship with now deceased multimillionaire and convicted sex offender Jeffrey Epstein. Do i regret the fact he has quite obviously conducted himself in a manner unbecoming, yes. Unbecoming . He was a sex offender. Im sorry. Im being polite, in the sense that he was a sex offender. Trevor wow. First of all, i love brit