Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 online growth this company runs like walmart of old, th
Have the upper hand with the democratses shut down the government if they dont get their way. Well see. Big show today, youll be shocked to learn just how much federal bureaucrats make the people who control our lives are laughing all the way to the bank. And business is on notice you got what you wanted. Now you have to invest in america. And heres another shot coming your way. The weather is going to get even colder. You know ive got to love doing this show. I came back from south florida they for this. Varney company is about to begin. Wow. The bitter cold continues. Frigid temperatures spread all across the country. Will you look at those windchills please, just look at that. And by the way, a big storm is expected to ham orer east coast all the way from georgia to e maine some forecasters calling this storm a bomb cyclone. Because its pressure is predigitted to fall so fast and bring heavy snow very, very quickly. Bomb cyclone theres a headline for you if theres even snow in the f
Developers conference in san jose today. Lets get straight to josh lipton with the highlights. Melissa, this was a developer show. But there was plenty of hardware news here today as well. You can start with that new device apple just unveiled today, they call it homepod. A Smart Speaker that will cost 349. It will be available later this year. Siri activated. To allowing users to call up music, messages, news, all handsfree. A shot at others who sell Smart Speakers. We have such a great portable music experience. But what about our homes . We think we can do a lot to make this experience much better. Just like we did with portable music, we want to reinvent home music. Apple also went heavy on the mac today announcing a number of refreshes to that also. A new machine coming later this year it calls the most powerful mac ever, 5k display, 5,000. But this was a developer show, so the big focus was on software. Apple unveiling a new feature peertopeer payments, that would be seeming to t
Anything that wasnt nailed down, because the europe kwan Central Banks are getting more aggressive in trying to stimulate their flagging economy. The result . Ill tell you. They were picked off picked off. Dow opening strong, but then nosedived as much as 179 points earlier this afternoon before rebounding hallelujah s p 500 actually closed up. Nasdaq climbed 0. 26 . J they say why do you keep doing the show day after day, month after month, year after year . I tell them i do it, because i like to teach. I love this classroom we have here tonight. Tonight i want to school you on some Lessons Learned from this very morning portion, as much as we might want to think were joined at the hip, what happens in europe doesnt really matter all that much to the vast majority of companies in the united states, unless theres some says temperaturic risk happening over there. For example, lets go back to february 10th, when there were many rumors about european banking possibly failing. The you can
S p 500 actually closed up. Nasdaq climbed 0. 26 . They say why do you keep doing the show day after day, month after month, year after year . I tell them i do it, because i like to teach. I love this classroom we have here tonight. Tonight i want to school you on some Lessons Learned from this very morning portion, as much as we might want to think were joined at the hip, what happens in europe doesnt really matter all that much to the vast majority of companies in the united states, unless theres some Systemic Risk happening over there. For example, lets go back to february 10th, when there were many rumors about european banking possibly failing. The you can understand why some Stock Traders wanted to sell our financials, betting there could be some spillover to our banks from europes weakness. I get that. When our banks were very interrelated with europe. There was a lot of linkage, both publicly and privately in terms of contracts and derivatives that were, you know, frightening.