Country. More than likely the stock is in your 401 k whether you realize it or not. The Stock Plunged more than 3 today on twice its average volume. Chief investment strategist at money mat press, Keith Fitzgerald is with me. Analysts are worried about iphone saturation and some say iwatch sales are not tracking as hoped. What is your view on the stock . There are two things at work. First you have institutional component. 4 of the dow, roughly 12 of the nasdaq. Anything related to that in institutional portfolio or index basis or some sort of a simulated basis will come under pressure so theyre simply rebalancing a lot of individual investors are saying who whoa, if it goes down this much i want to get out. That is sign of capitulation. I would be looking to buy actually. You would be looking to buy. There have been other times where apple has broken through this 200 day moving average. That key line a lot of technical analysts do watch and obviously come back and rallied. There has e
Bubbles says bit is the biggest of all time. Firgs we start with the news that broke in the past hour. The report from dow jones that gary cohn, one of the most important voices on economy in the trump white house, will not be nominated for fed chair just more clarity dow jones reporting that gary cohn is unlikely to be nominated for that position. According to their sources dow jones also saying that the reason appears to be because of cohns criticism of President Trumps response to the charlottesville protest. Youll remember that cohn gave a very personal and frank interview to the Financial Times in the wake of those demonstration, saying that he had come under enormous pressure to resign. The New York Times reporting that cohn drafted a resignation letter, but didnt turn it in and this of course comes on the heels of the thus earlier today that vice chair stan fisher will be steppinging down from his post for personal reasons, so, a lot of questions around the leadership of the fed
One fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. Surat, can stocks and rates both rise at the same time . I believe they can. The reason being that the fed has been actually pretty good at telling us what theyre going to do those expectations are baked into the market. The market hates uncertainty so whats driving this market and whats driven this market since last july are earnings global earnings are doing better and i think theyre going to continue to do better. And if rates move up but they dont move up faster than expected, i think you will see the market go up multiples might not expand because i think theyre pretty high levels, but if earnings expand, then stocks grow into those earnings. John, listen, in 1994, the Federal Reserve raised rates by 2. 25 . In 1995 the dow rose 33 can we do it again we can. Can or will i think we will first of all, can we go up when rates are going up weve done it be
Defending progressive policies. Hello. All right, thats enough about you. Okay, i am thrilled to introduce the next panel. Before i do so, id like to take one minute to pick up on something that we touched on recently today, the tragic events in las vegas last week. And i would like to turn the mike over to our fellow, your fellow legislator and my good friend, representative chris taylor from wisconsin, who has a quick announcement in that regard. Hello, everybody. I just wanted to build on, and i talked to our nevada folks about this as well, the issue, the gun epidemic and the most recent tragedy, and share a tactic that were using in wisconsin that im happy to share with you. A lot of you may have done this already. We have obviously introduced a lot of gun safety bills, including a bump stock ban, but we also formulated a letter that were circulating to the entire Wisconsin Legislature directed at our federal representatives and president trump, calling on them to take action imme
Record highs take a look at the percentage gain in the nasdaq more than 1 lets start with the meeting of the minds in d. C as we await comments from President Trump. Eamon javers has the very latest reporter it is as you say a glittering collection of ceos at the white house today. Were waiting for the president in the east room we expect hes going to come in and participate in a roundtable discussion the ceos have been here all day. Take a list at took at the listf prominent names. I was brought into the indian treaty room in the eisenhower executive building the other day to listen to remarks from Jared Kushner and watching the ceos mingle with each other, interacting here in washington, including you saw eric schmidt of alba bet aphabet and google. Talking at the whouite house. Cross pollen nation of ideas thats what the white house is looking at ideas from private sector executives on how to improve government from every way from its i. T. To its services to its performance for the