Wisdom turned bearish. All morning. We keep hearing the same thing from the socalled experts why wont this darn market stay down wheres all this money coming from dont people realize the earnings will be down this year versus last . Thats a negative litany i hear everywhere i go, even colorado even with that u. S. Air force academy. People still betting on recession. They think this is merely a fed mandated bubble and the buyers are going to get crushed and that i am way too positive the but every day something happens that contradicts the bari bearish narrative. I get it its hard. I admit it the pessimists are looking at all the wrong things i have to let you know where theyre going wrong so you dont make the same mistake. Ill walk you through individual stocks that i got wrong. Okay exhibit a. Hpa. They reported an okay number just okay. And its beloved ceo stepped down for Family Health reasons bad. And lore Enrique Loris took his place. Before the plan was announced, the stock of h
The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Loving god, we give you thanks for giving us another day. As the members of the peoples house begin the day, grant them an abundance of your grace. May they be filled with the spirit of wisdom, patience, and good will toward one another and the issues to be addressed this day. Bless them, o god, and be with them and with us all this day and every day to come. An may all that is done be for your greater honor and glory. Amen. The speaker thank you. The chair has examined the journal of the last days proceedings and announces to he house her approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentlewoman from illinois, ms. Kelly. Ms. Kelly i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty an
With more. Thank you, andrew the Commerce Ministry said negotiators agreed to canceling tariffs in stretches the additional tariffs or some of them had to go. Also the Ministry Said from beijings perspective, the tariffs needed to be lifted at the same time by the same amount, how much could be negotiated the time and place of the deal signing has yet to be decided. Since then, the state media has been really focused on the point that if the u. S. Wants to have a trade deal, there has to be a removal of tariffs the state meeting says these have to be removed together saying this shows them as equals separately today, the authorities here sentenced nine people to joail including one with a suspended death sentence for smuggling fentanyl into the United States. As a sign that there was some calculated move behind this decision, the commission had said after the sentencing that the decision was made in accordance with the consensus reached between president s xi and President Trump. Sugge
Employee. And shares of under armour under a lot of pressure, a federal probe of the Accounting Practices. And wall streets record rally on the heels of both the s p and nasdaq the dow is on track for new highs at the open. Well start with that stunning news from mcdonalds, the company has fired Ceo Steve Easterbrook after he spent more than 4 1 2 years on the job. Mcdonalds says he violated Company Policy by having a consensual relationship with an employee the new ceo is Chris Kempczinski, president of mcdonalds usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. Already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. I think thats why i hate to say this, the stock was down badly on friday. I would like to know more about when and how long they have known this this is one where it is pretty
Cut wall streets Immediate Reaction was pure suspicion. Oh, he doesnt have the heart in the rate cut hes not as worried as he should be hes being dragged kicking and screaming to this rate cut because things are weaker overseas, not here thats why the averages initially got hammered before the market peoplely came to its senses later in the afternoon. Dow only closing up 36 s p advancing 0. 03 and nasdaq declining 0. 11 . The u. S. Economy does have a lot of strength. It does. The rest of the world does have a lot of weakness so we got what pundits were calling a hawkish cut. Theyre so clever, meaning its the last rate cut or maybe the penultimate rate cut apparently that wasnt enough for some money managers. What do they want they were so disappointed they wanted to be surprised and wanted powell to tell us hes enthusiastic about easing and it will find a way to strongarm the others the bulls wanted Bill Belichick fed chief, okay. Lets get this done. Do your job chairman who wont let