The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of
Rocket 200 points . First we were oversold going into todays session. The sellers have been so willynilly we were down seven Straight Days for the dow, something we havent seen in four years and that was back when we were in mired in political controversy. The sellers recognized they are destroying the stocks they are selling. And buyers step in. We were due for a bounce. We got it. Second we got the best of both worlds from china. China became part of the cocktail hour at the beach this weekend. But it rallied up hard last night. The soft data got people to think maybe the Chinese Government will do more to prop up the economy. The rally in the stock market involved the government putting together some mergers. I dont think it will work in the long term. Third, Warren Buffett made a 37. 2 billion acquisition buying precision cast parts, pcp. He tends to bust the gloom. Now this deal was particularly positive because precision cast parts is largely a supplier of components for aerospac
The biggest mover when you get sort of adjustments, well, a little bit. But not really. 2. 35. Kind of hanging in there. Crude oil has been one of the bigger stories of the week of course with its significant drop over lets call it the last week or so. Oh, its a crash. Crash. I would put it when you have its almost one of the things that we have to talk about was there two hedge funds somebody didnt liquidate it. 53 or 54, straight line, i think it borders on a crash. Straight line. One of the stories were following this morning. Lets get to the others and our road map it starts with of course the u. S. Employer employment picture. U. S. Employers picking up the pace of hiring. The Unemployment Rate fell to the lowest level in nearly a decade. Plus oracle of omaha, is r ouring is osouring on ibm. Jim and i may wonder what took him so long. A warning to the Trump Administration. Ges jeff immelt calling on government to try harder to avoid the protectionist policies and to level the Play
Besser with what you need to know to protect yourself. Water rescue. Look at this. A capsized jet skier struggling in the choppy seas. Hello, 911. Hello, i just lost my jet ski. Im in the middle of the water. Im like barely holding on right now. Calling for help on a stashed away cell phone. The dramatic rescue just in the nick of time. Do you believe in magic and harry potter returns. The boy wizard casting a new spell. His eighth story under tight wraps ready to be revealed just hours from now. Let the feast begin. The massive muggle mania taking the world by storm. Good morning, everyone. We want to say thank you for joining us. Great to have ryan smith with us, as well. We do want to start with some breaking news, though. Were learning this morning about new terror arrests in belgium, a nation still reeling from the bombing of the Brussels Airport attack back in march, an attack for which isis claimed credit. Two brothers under arrest accused of planning new attacks in a country an
Know to protect yourself. Water rescue. Look at this. A capsized jet skier struggling in the choppy seas. Hello, 911. Hello, i just lost my jet ski. Im in the middle of the water. Im like barely holding on right now. Calling for help on a stashed away cell phone. The dramatic rescue just in the nick of time. . Do you believe in magic . And harry potter returns. The boy wizard casting a new spell. His eighth story under tight wraps ready to be revealed just hours from now. The massive muggle mania taking the world by storm. Good morning, everyone. We want to say thank you for joining us. Great to have ryan smith with us, as well. We do want to start with breaking news. Were learning this morning reeling from the bombing of the Brussels Airport attack back in march for which isis claimed credit. Two brothers under arrest accused of planning new attacks in a country and continent on high alert. For the latest on what is a developing story this morning, lets go to abcs Jennifer Eccleston w