You have a strong Earnings Report and the stock sells off. What is the bigger message, perhaps, in this move today . I think facebook just gave you the green light to take a profit. If youve been long this stock for a while, and many people have, its become one of the consensus longs of Growth Investors and growth fund. Its a huge weight in all the passive averages and its very popularly traded at all the brokage firms, all the online Brokerage Firms released this data. Everyones been long facebook. If you have for a long time and your time horizon is short, they just gave you permission. Number one, 2017 will be a year of big investment for us. Thats code for, dont expect the same magnitude of earnings beats and Earnings Growth accelerations that weve shown you for the last couple of years. The other thing i thought was notable was that they talked about, look, at a certain point ad Revenue Growth rates to come down meaning theful ing th. Facebook and google have this duopoly over onl
Part of a key index. You see ftse is up there, attracting index of half a percent. Well have details. It sounds like baseball but i will have an impact on the market. Plus, new details on drama between two of the highest paid ceos. That would be viacom and cbs. Howard schultz says starbucks could be joining the rain, of cooled beer. Well hear from him. We ask Howard Schultz about that. We start with the big day in china. How they could get a nice pop after the close of trading today. Welcome back, bob pisani, hi. I wanted to stay in hawaii, but i came back because of you two. I want you to know that. Thats why i came back. Look. We may not get a pop in prices. Its the biggest indexer. Right now theyre behind the indices. So msci is in the process of putting all of the u. S. Listed chinese stocks in their indices. This is a big deal because china is becoming a part of the worlds economy. The second half is happening tomorrow. So tonight were going to see a lot of volume in these stocks
Received investment offers from five suitors and is leaning toward three of them. You can let us know what you think of todays top stories by following me on twitter. Dont forget to include the trendingbusiness. A few markets, including china, off on golden week, malaysia also on holiday today. Here is jerry with a look at what we can expect on asian trading. Here is shery. Said, china and malaysia are on holiday, also australia and korea. The market is trading at the moment are giving a boost to the benchmark. Asian stock screening ground, reversing last week losses. New zealand reversing some of the losses earlier this morning, while the nikkei is up. 9 . Emerging markets had the best quarter since 2012, while taiwan is grinning ground,s. 7 taiwan is gaining ground. 7 . When it comes to japan, we are hearing this morning from Goldman Sachs that we might see more volatility in japanese market. Incting to more volatility the u. S. Market due to the u. S. Elections. Right now, we are se
Dip on concerns it cant maintain the momentum. Jpmorgans jamie dimon outlines his take on the brexit in his annual letter on the outcomes of an eu vote. Large and potentially unknown. Welcome, it is countdown. I am manus cranny. Lets get into the clear message the fed wants you to get. There will be a rate hike this year, a dovish janet yellen, the minutes confirm everything we heard, and mr. Bullard says there is a debate, but if you look at wrip, a rate hike in the usa, that is not on the cards anytime soon. By december, 53 . The dollar is down. That is the message from the fed. Get it and get it clearly. Global concerns will trump the domestic issue. The s p had biggest rally. , the biggest rally in almost four years. What you have here is volatility dropping. There is another story, 1 trillion worth of stocks being shorted. What happens at the u. S. Equity market really takes flight. As talked about dollar again this about dollaryen. The dollar lost 6 since the fed raised its rates
From london. Im francine lacqua. The chinese president begins a visit to the United States today. It is his first as chinas leader and comes with growing tensions over cyber hacking. New data from their most used suggests that the worlds secondlargest economy is stabilizing. We will have more on that in a moment, but first lets get the latest on president xis trip to the states. Cyber security seems to be a big problem. They will talk about the economy as well. They certainly well. The whole issue of cyber security, francine, and Cyber Espionage will probably overshadow this meeting as one of the most contentious issues they will be discussing in washington. Between problem lies the way that you define what is acceptable as espionage. The u. S. Thinks if you do best be large, Cyber Espionage, for the purpose of military information or political information, that is acceptable, as it has been when we have seen governments in states spying on each other in order to get a leg up in milita