Ugly week, lets look forward and talk about the game plan for next week. This business isnt about the past. Its about the future. Now, we start off next week worried. Worried about the rest of the world. The numbers out of europe and china are okay. I hope that can change monday. The pmi is coming over the weekend. Along with the why is it so important . Give the main Portfolio Managers looking for a resurgence of International Industrial that is are based in the u. S. The profit taking in this has been down right horrendous. Maybe strong numbers from europe and china over the weekend could allow for a nice oversold rally. One that may have started the last half hour of trading today ask kind of gave up the ghost in the last ten minutes. We hope it see more news on chatter that spring theyve been preparing a bid for t mobile, like them both. Something my friend david faber said could be in the works many times in the last few weeks. Now, this potential deal would help sprint get heft,
They are written for scientists or technologists or experts in whatever the field is whether its mechanics or fluid dynamics or bio chemistry. And the Patent Office actually encourages you not to put too much background science into your patent, but its all deemed to be there. So, when a generalist judge gets one of these patent cases, they have to figure out what the patent means in order for them to figure out whether the patent is a valid claim of an invention and whether the defendants invention infringes the patent. And often thanks to a ruling the Supreme Court handed down close to 20 years ago called markman, they have whats called a markman hear chg is basically a little mini trial before the court, not a jury, where they decide what the terms in the patent mean. Often you have experts testify. Now, usually in federal court when you have experts come in and testify and the judge decides which expert he believes and which expert he doesnt, that is reviewed very deferential on ap
Fdrs first new deal the nra was unconstitutional because it delegated in the case of carter cole to a consortium of private entities, the coal miners Coal Company Officials and private citizens the power to set terms of competition and set wages and set working conditions, et cetera, essentially a delegated governmental functions to a private entity and that violated the constitution. That was one of the real major flash points of the new deal controversial between fdr and the Supreme Court back in the 1930s and since then there hadnt been another case holding that delegation was constitutional, but we have one now and its on the docket and, you know, ive given you a feel, i think, for what the challengers have said and will say in the Supreme Court. Ill give you a little bit of a feel for how were defending that statute. Were trying to defend this by narrowing the scope of the issue really in saying, look, the reality here is that it isnt right to think about this statute as a delegat
Another great week. Five straight up days. Alltime highs. Do we say its exciting . No. What we say is its interesting. And we stay focused, we stay skeptical, but weve got to like what we see. I always like to say theres a bull market somewhere, and i promise to try to find it right here for you. Im jim cramer, and i will see you monday welcome to todays worldwide exchange. You can financial stocks also falling as a panel of lawmakers urges a splitup of banks, saying proposed reforms of the sector dont go far enough. And china unveils its biggest overhaul in 15 years getting rid of the rail industry. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. This morning, Ross Westgate is away. We also have a onehour show for the next three weeks because of a troublesome time change in the u. S. Which means that well do our best to bring you all the news in this tight space. The Fourth Quarter figures for italys gdp is