Come at 8 30 eastern time and at 10 00 wholesale trade. Well be getting Quarterly Results before the bell. Okay. Lets tell you about some of the stories that were watching this morning. Valeant said to hold a Conference Call at 8 00 eastern this morning. Its going to be providing a Business Update to investors and take questions. Town more than 40 since the short sellers report was published on october 21st. That report accused the company of fraud compared to drug pricing. Now that same short seller now focussing on did i mispronounce it you tell me. How would you pronounce it. Mallinckrodt. I thought i came close. Good for you. They call citron a far more defe offender. Shares of that company dropping near a two year low yesterday. The Company Tells cnbc its fully confident in its Business Model. They will join us live to talk about it. Also in tech news this morning, apple ceo tim cook is in italy today speaking at the university in milan. He was in london yesterday for the launch o
Secondly, even if we are producing okay a few hundred thousand barrels a day more, that in no way changes our linkage to the Global Oil Price and the exposure to a price spike. In fact, if anything, its both the fact that we are connected to the crude Oil Global Market and the fact that we are and i believe will continue to be major oil product exporters. We are exposed just as in that anecdote i gave about britain in 2000, we are exposed to the Global Oil Price spike and thats really the modern issue in terms of what the sprol does for us. Point being, if were allowed to compete in the Global Economy well have a more robust oil and gas industry in this country than well have if were not allowed to compete with a more robust industry were less dependent on the sprol . Again, im sorry, senator i dont its not only the eia but the other studies that have shown that by lifting the oil export ban, we not only, panned our industry we create more jobs and Economic Activity in our country so w
May be regarded short term as a negative for stocks but long term the economy can get off life support. Who are we to say that life support is better than organic growth for the u. S. Economy . Higher rates are always going to be worse for the economy and the stock market than lower rates. But a country with real job creation is one that can support itself and doesnt need the fed to keep propping things up. That real growth and not a steroidal pumpup is more sustainable, lasting and will be more lucrative. Emphasis on ultimately, though, than weve had over the last few years. You have to believe me on this. This is what i study. It doesnt mean we wont have to make adjustments if we own individual stocks but it means a locomotive of Economic Development can pull up a lot of Companies Even if china or europe or latin america cant. Are we Strong Enough for a rate hike . Yes, as long as you understand that we mean some companies and not others. So with that in mind lets go to the game plan
Term the economy can get off life support. Who are we to say that life support is better than organic growth for the u. S. Economy . Higher rates are always going to be worse for the economy and the stk market than lower rates. But a country with real job creation is one that can support itself and doesnt need the fed to keep propping things up. That real growth and not a sustainable, lasting and will be more lucrative. Phasis on ultimately, though, than wve had over the last few you have to believe me on this. This is what i study. It doesnt mean we wont he to make adjustments if we own individual stocks but it means a locomotive of Economic Development can pull up a lot of Companies Even if china or europe or latin america cant. Are we Strong Enough for a rate hike . Yes, as long as you understand that we mean some companies and not others. So with that in mind lets go to the game plan for next week to demonstrate how this positive news plays out in the real world of the stock market
First of all, i will show you what has been going on with oil. This is the story. What does this signal about the Global Economy . We down stopped the level, but are very close to it. The sense of the market is, this is a done deal. This was a meeting that took place before the last payroll data. It seems to secure the idea in the market that we are pretty much there for with the december hike. Not much of a move in the qs in the u. S. We will talk about the spread in germany. We will speak to jim mccarthy has the Company Releases its latest earnings. Will talk to the cfo. What is happening with china. What is going on with the german economy. S there a fallout story minutes from the october meeting. That showed a rate hike would be considered at the next meeting. We break down the unusually direct signal from washington. Minutes confirm the market that fed officials will be have to talked out of a december move, rather than talked into it. The minutes show they wanted to send a signal