You have to tell me you like. There has nothing with a lot of stocks today. I counted seven reasons why stocks were right to go down and no reason why they should balance because nothing good happened. Let me give you my proprietary turn upside down. Let me tell what you spooked the market so badly. First, the election. The market loves certainty and it hates uncertainty. So you can have the most antibusiness candidate in history running for president as long as we know what degree of certain that i person was going to win. Or we can figure out what to do. Typically theres a thesis that can work for anyone. Like Hillary Clinton like post democrats she wants to put people to work. There are a lot of stocks with where there isnt something similar in question like defense. Maybe if we were confident Hillary Clinton would win based on poll be there would be ways to make peace with it and make money. But now the polls have tightened. This close to election day with two candidates with such
You have to tell me you like. There has nothing with a lot of stocks today. I counted seven reasons why stocks were right to go down and no reason why they should balance because nothing good happened. Let me give you my proprietary turn upside down. Let me tell what you spooked the market so badly. First, the election. The market loves certainty and it hates uncertainty. So you can have the most antibusiness candidate in history running for president as long as we know what degree of certain that i person was going to win. Or we can figure out what to do. Typically theres a thesis that can work for anyone. Like Hillary Clinton like post democrats she wants to put people to work. There are a lot of stocks with that scenario. Or maybe you find Common Ground defense. Maybe if we were confident Hillary Clinton would win based on poll be there would be ways to make peace with it and make money. But now the polls have tightened. This close to election day with two candidates with such diffe
Tumbling 110 points. Right now or government is pondering action, some sort of action. We dont know what its going to be. Worse, judging from president obamas conference today, he doesnt seem to know what to do. Something quite ev den from the the subsistence of not ruling out any option, plus, hes saying short term immediate things need to be done militarily to preserve the situation, which considering the immediate decline in the stockmarket, if we spoke, means something could happen as early as this weekend. So tomorrow could be a long day, what will it be . Airstrikes, drones . Iraq . More lives lost in defence of a government that Many Americans hate . Just the good works of our soldiers already seem undone . Thats ularge. We had many overseas issues in enroot years that caused hiccups in the market. North koreans saber rattling, cyber financial closing. Serious insurrection, ukraine. None of these rose to the level of the u. S. Military action. We have no selloffs to strangers to
11 there. All right that puts it in perspective. You can get less from investing ten years in your money in spain or less. 28 unemployment. You can see, lets call it a mixed bag. But ill wait for simon to tell us what is going on later. It starts with a lot of things i like to talk about. A winner in hillshire. Tyson foods finishing it. Hillshire what a multiple ballpark franks . Insane. More. We have more news. Triple drug combination. Merck to buy farm suit kals. 180 shares and up. To takeover allergan that is what he was saying earlier. This morning starting off with tyson foods submitting a binding offer to acquire hillshire for 63 a share in cash. Valuing the company the maker of jimmy dean sausage for 7. 7 billion. The offer contingent on the company to buy pinnacle foods. Im expecting that will take place. In the meantime pilgrims pride stayed at 55. What happened here . They go to seal bids and you end up paying more than they should have. What has surprised people not the leas
First sixday winning streak since july. About 500 points shy of an alltime high. Bob pisani, how about those markets . Over to you. We are having a great day here. We have a crowd behind me, maria. This is delta. Delta is going into the s p 500. They are gathering orders right now. Were waiting to close it it. It isnt yet closed. The stock is trading up 4. 5 , replacing bnc software delta, doing into the s p 500. That hasnt changed yet. We havent got a final print. Theyll buy a lot of stock and they want the final print here. That number may or may not stand there. 22. 61. Lets move on here, the s p 500, maria had it exactly right as she usually does. Important thing here, six days in a row on the s p 500. Thats quite a move. Why is it important . Because september is usually a lousy month. Yet were up almost 3 . And weve been up since the beginning of may. A lot of the old wives stories about how the market should behave arent necessarily working that well this year. Let me give you a