that is merry christmas lost $323 billion, that is the way the president views trade deficit. it could erode further with new tariffs on hold. we ll wait and see. on wall street, futures are lower. you see a 200 point decline or so from the dow. the dow barely moved friday, but rose nearly 2% for the week last week. the s&p zch cloclosed up 2.5. a strong week for tech. all three snapped a five day winning streak on friday with that kind of lousy performance. general motors led the way higher on the s&p 500, it was up 7% after upgrading its profit outlook. bud light wants to win over calorie conscious beer drinkers saying that they would add nutritional information to bud light packages.
at each other s throats and i d love to see that resolved with a good trade agreement where china backs down and buys more of our goods. if that happens, i think the economy will be strong. the other factor, and this is where i think rana and i disagree, i strongly oppose some of the actions the fed has taken. i think they re sucking some of the oxygen out of the economy. i mean the latest i think almost everyone agrees the latest rate hike by the fed was a major mistake. of course the markets have voted on that with a 2,500 point decline. i do worry if the fed were to continue to raise rates, that could cause the very recession that we have a fed to help us avoid. well, you know, it s interesting because i think that the fed really has a delicate balancing act right now. even before the trade war, even before the trump administration, there was actually a big debate going on about why aren t we seeing more inflation. some people think we re not seeing more inflation because of how
give that i think is good advice, people tend to sell low and buy high rather than the opposite, right? and so now is not a great time to sell your stock because, you know, the prices are pretty low right now. just, if you re in for the long term, if you re in like a 401(k) or retirement plan and in for 10, 20 years. let it ride. over time, the market is going to go up. this is one question. what to do. even before then, the why? why is this happening? we re still scratching our head and trying to figure it out. the fed tightened, but that wouldn t account for a 1300 point decline. donald trump is making that connection. he likes low interest rates. everyone likes low interest rates. he s always complaining about the fed raising rates. does it help when he takes it on publicly? it s kind of fuming a little bit, but i happen to think that trump is a little bit right here, that every time the economy really does well, and as you know, the one thing the fed
the third worst point decline in history. the selling has spread around the world. shanghai down 5%. european stock markets opened lower. u.s. futures suggest more selling when the u.s. opens up in 4.5 hours. it started with tech stocks. big names like netflix, amazon and apple. those three alone lost $120 billion of market value. october is rough. investors worried about the trade war and slowing growth next year and worried about higher interest rates. watch the space. you could have another rough morning. landmark health care merger. the largest health insurance merger and it will upend the health insurance. cvs and aetna. consolidation could mean reduced competition and hurting consumers. regulators say it could help
the third worst point decline ever. not in the top 20 of percentage. selling spread around the world. shanghai down 5%. european stocks open lower. u.s. futures suggest more selling when the market opens in a little over four hours. dow futures down about 290 points. this spread around the world. now it is still weak. started with tech stocks. netflix, amazon and apple. thro those three alone lost $120 billion in market value. the trade war is leaving investors worried. they are worried about higher interest rates. it eats into corporate properties. rates are rising. mortgage rates topped 5%. the fed reserve is raising