Listen to me. What the markets love is certainty. For months clinton seemed like a sure thing, but then those new emails surfaced a week and a half ago and stocks got slammed as the race suddenly seemed like it could go either way. That sent investors fleeing to the sidelines, raising cash, not because of trump but because you cant gain an election if you now the fbi has said the new emails dont change anything, meaning theyve taken the possibility of an indictment off the table. So things are looking a lot more predictable again, at least for now. This morning, squawk on the street cohost joe kernen asked me in the cross talk i do with him whether i missed just talking about corporate earnings. What a blessing of a question well, a market. The market again, where we Value Companies based on how well theyre doing, not as part of a vast basket that goes up or down depending upon how certain we are about the results of the election. Stocks have become creatures of the polls, not the sum
Every step he makearound the nations capital. In the final hour of trade. And as the resumes role in who will he hire. Ernie fletcher has been there the day after election day. Which job will go first and fast. Former director sending up a warning flare. On wall street no sign of that right now. A record closed today. As you see its dropping about 22 points. They help to support the candidacy. Were looking at a lot of breaking news. Lets start the countdown. We need to show you what is a fascinating timeline that played out just as at meeting happened a few years ago. Four hours ago. Here it is. We made this for you as you can see. It was at exactly 12 38 p. M. At the end fbn and other networks were given the short clip to air. Before we saw that you can see that the dow was up about a hundred 34 points. As it he began to play the dow started to spike and by the end when president obama said we must all support the new president and donald trump capped off by calling the president a go
Selloff coming out of the united states. This mixill throw into as well what has come out and the last hour from carl icahn. Interesting to see him backing trump. Inis a guy well followed terms of his views around the markets and have Central Banks and governments influence those markets. This is what he had to say in the video he released about the low rate environment. Why should they raise rates . It is almost a rhetorical question. There are so many reasons. Low rates are almost by definition building bubbles. Real estate bubbles. Guy one of the stories riling the asia markets right now is glencore. I want to show you one chart. I want to show you this one here. It highlights what is happening with glencores debt and equity. The market capitalization is in yellow. The total debt is in green. You have yellow above green, yellow above green for the last four years. The problem is we are now down here. This is the current equity valuation of glencore. This is the debt story. That is s
Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it raised the price of one drug from 13. 50 to 750 per dosage. Now, the ceo was on last hour, you told me go terrell that he would not be changing that price tag. We definitely planned on raising the price, thats for sure. We paid a very, very large amount to buy an unprofitable medicine. We cant continue to make to lose money on the drug at that price. So we took it to a price where we can make a c
My job not just to entertain you but to teach, goal, and educate you. Call me at 1800743cnbc or tweet me jimcramer. Today weve got a celebration that could very well prove to be premature. The averages rallied for one more day, dow gaining 140 points. S p climbing. 87 , nasdaq advancing. 59 , in anticipation of the Federal Reserve doing nothing tomorrow instead of raising rates, which had been the oddson favorite outcome, just a few short weeks ago. Sometimes when i hear about this endless parlor game of will they raise or wont they, i feel like we have to take a step back and talk about what were really about. Our core dna here on mad money, which is elevating companies as potential investments. Were about trying to figure out whether, after youve saved enough money for your retirement, using broad index funds, yes, i repeat, index funds are a terrific tool for all home gamers, there might be opportunities to augment your wealth at prices that we either dont deserve or are just plain