Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
In biology with a minor in chemistry. In college he worked as a medical scribe for doctors in the emergency room in a small hospital in chattanooga and after decided he wanted to become an emergency room physician. He continued his education at loyola university, the school of medicine. Allow me a few seconds to praise this wonderful school. He was one of dozens of Daca Recipients, which was the First Medical School to admit daca students. They do not receive any special treatment in the Selection Process and they are not eligible for a penny in federal financial assistance. Many of them borrowed money from the state of illinois to complete their medical education in the hopes that once they are licensed they can come back and practice in our state which they promise to do. Heres what manuel says about what daca means to him. And i quote. Daca has opened up many doors for me. It allows me to serve people through emergency medicine. If daca ended, i would have to stop not only what i lo
And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
Plus were also watching jamie dimon. He called out Central Banks saying theyve been, quote, 100 dead wrong. Were keeping an eye on chip stocks, nvidia and amd planning to launch an armed pc chip in 2025. Lets begin with the markets and the industrial earnings parade. Jim, i was trying to think which one of these would interest you the most. Im guessing ge. And it is. What happens is larry culp finished the wind and lets say power business much better than i thought. Therefore, the spinoff will look good. Theres always been concern that that business would be a dud. There was never, ever going to be a growth business. Instead, it seems like it will be the esg business of choice for people. David, anyone who thought lets say the long on money short on time travel situation is over and thinks there is a great aircraft demand, wrong. Ge and rtx proved that the demand for planes is probably as great a secular story out there. Free cash flow as well, they say is going to tend. This is the qu
A number of limited movements now in American History when there was a time of major changes the Little Movement sometimes coming together and produce a big outcome i think that was the case in the one nine hundred sixty s. It may be the case in twenty eight teen if there is a transformative democratic wave that leads to electoral change perhaps well see movements come together but we dont know yet all i can tell you is there is potential but so far it remains divided so youve said many times that actually people need to come out and protest time to time to remind the government what they want and why theyre unhappy but shit this is and overthrowing the government of these protests are for instance ignored by the government no of course not the advantage of a democracy is that people can vote to change the government without having to overthrow it in the streets and indeed one could argue that the election of donald trump was a major protest against both of the mainstream Political Par