A deal worked out i think with walmart is going to buy it along with oracle Larry Ellison its going to be an incredible combination and i said you know do me a favor could you put up 5000000000. 00 into a fund for education so we could educate people as do real history of our country the really. Great. Turning us now to discuss our boom bust cohost spence juan and christie i christie break this all down for us what changed between friday and saturday. Nothing really changed the only thing that changed was that trump ran out of time due to the deadlines that he even south set in place so he announced that this deal was approved in theory in mind and so a lot can still happen because remember last year the trade war a we have an agreement now we dont but a were really close now but oh no theres one more provision that we want so that kind of back and forth went on and on and blew through every single of deadline during the trade war so the same thing is happening here if. I was deadline
This is boom bust that one business show you cant afford to miss on their mando say ok in washington coming up President Trump approved a big tick talk deal but many plus can remain unanswered. But we have a deal worked out i think with walmart is going to buy it along with laura gold Larry Ellison its going to be an incredible combination. And another stock market selloff sentiment sours on a coronavirus resurgence in what could be worth to september in years have a packed show today so lets get started. In a change of heart that maybe happened in record time President Donald Trump went from banning tick talk from app stores on friday to suddenly approving the oracle walmart deal by saturday yes and just 24 hours after saying that he would not agree to buy down selling 20 percent stake to oracle and walmart while the president changed his mind now trump says he has agreed in principle to the sale which will create a new Company Called tick tock global and the trumpeter ministration we
Change his mind about approval. Latery powell will say that the u. S. Economy is improving, but has a long way to go before fully recovering from the virus. The st. Louisrom fed president this hour. Haidi investors are waiting to hear from fed chair powell. But we know the gist of what he is likely to say given that the commentary has been around how recovery will be, managing expectations. The recent fairly positive data points we have gotten. S p active futures after the session overnight really erasing some of those earlier losses as well. Some of the gains we have seen trading flat at the moment. U. S. Stocks fell. Could have been worse if not for that rebound in tech shares stemming the losses. It did get close to that threshold to be considered a market correction. 0. 1 ires down by should say by 1 at the moment. Japanese markets are closed for a second day this week for the autumn equinox holiday. ,ydney futures down by 1 trading in new zealand down by 0. 1 . Victoria has come o
Agreement or going to war. We will watch that News Conference now. It is half an hour. Morning, good morning everyone. Today after theenough. But my goal looking at the government the American People gave us a divided government, which is not unusual, we have had divided government more often than not since world war ii. I think nay are saying why dont you look for things you agree on and try to make progress for the country. So what i tried to do is empicizeemp says empicize empicize there was agreement. We led off o the it passed by a pretty overwhelming bipartisan majority. As indicated we pass a budget. Thats not a bipartisan exercise typically typically and it was this year but we have also done every Nuclear Review every right of no child left behind a multiyear highway bill. Clearly the senate is up and running and trying to focus on things where we can make progress. What is not helpful is rhetoric like the president has been using as recently as this morning comparing republic
Positive. Positive things about the market that are at odds with what you heard and saw on your screen. Dow plunging 163 points, s p sinking, nasdaq losing. 80 . Im going against the grain at a session that once saw the market skyrocket only to plummet guns again. Let me give you the biggest caveat at all nothing im about to say will mean anything unless you have a month long time horizon which is short in the real world but sadly not in the stock world. To explain this i have to go back in time to the days when i ran a cup hundred billion dollars as a hedge fund manager. Let me walk you through what would happen each morning when we reviewed our passions with karen crimer w er wcramer who rg desk with an iron fist. These meetings were ugly, hideous, they were pointed. And they were dead right. We would start the meeting with a query. She would ask whats your world view . Whats your intermediate term view . Translation wharks do you think will happen in the world and how will it impact