Maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. That level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against the basket of currencies i follow. Sure, its roared again versus that venezuelan currency where a dollar buys you ten bolivars instead of six. Woe to the companies that have made big bet there is. Venezuela, like brazil, just keeps getting worse. And we know were still flirting with danger when it comes to oil. The price of crude has been able to hold steadily at around 30 of late, i want to talk about a deal between the saudis and russians not to pump everybody more than they are doing if iraq down but they have pledged to pump more, not less so who knows how there can be a deal. Meanwhile, rusty brazil, my energy expert, remember i brought him on, author of the best selling
Exchange. David faber is in los angeles. More from david in a moment. Meanwhile premarket steady ahead of busy week of earnings. Nikkei takes a spill overnight catching up to the yen and Oil Steady Near 46. Our road map begins with Warren Buffett speaking out in omaha. Were going to bring you highlights, no deal for halliburton and hughes calling off their 28 billion merger. And simon hobbs live from cuba on a Carnival Cruise ship. First up buffett weighing in on the markets, fed and earlier this morning on cnbc. This is what he told becky about the president ial election and the economy. If you ask me whether electing the wrong president can permanently damage the u. S. Economy, the answer is no. I mean, weve had 44 president s so far. This country will move forward regardless. And theres no need to make America Great again. America is greater than its ever been at this point, but its going to become ever greater. Talked about koch, talked about ibm, talked about jeff bezos, called hi
Nasdaq climbing 2. 38 . What the heck happened to make these things go right for stocks . First, amazingly we decoupled from the chinese stock market. Finally we got a good week for oil. As much as it is a negative for businesses and consumers the crew bounced from 22 to 33. Any rebound means the Oil Companies get to raise more capital buying more time to stay in business. When it comes to higher oil. This week we learned people quit on stocks easily. Stocks hammered earlier in the week ended up much higher by todays close. I wouldnt be surprised if amazon bounces back next week. Lets keep the bounce it is back another flood of earnings next lets keep the bounce it is back situations in mind when we get another flood of earnings next week and a flood of incredible guests, by the way, when we take this show on the road. We are going to San Francisco to do a countdown for the big game. So stay tuned. You are not going to believe the guests were talking to. I was blown away. You know we a