Arrival . First we start off with what were calling judgment day for the rally. The fed is expected to announce the end of the experiment known as qe. The beginning of the end starts tomorrow this as stocks hit a fresh record high, today the dow higher for eight straight sessions what will the fed do how will the market react tomorrow guy adami. I do think its extraordinarily important. Dan is going to yell at me i hope he does. If the fed were to have made this move a few years ago it could have caused a dramatic move in the equities market. The market is telling us now that were going to move from monetary stimulus to hopefully fiscal stimulus. I said to wait for me to finish. I think thats what the market is pricing theyre saying, theres a very good chance that President Trump and his administration will put through some of the initiatives that they want and this is why i think the market maintains its alltime high despite the fact that the fed is now reversing what has been eight y
Carl quintanilla joining us Spark Capital quinn and roger, good morning to you both pressure continues to mount on Silicon Valley as u. N. Today, leaders from the uk, france and italy will call on social Media Companies to remove terrorist conten from their sites within two hours or be held liable for content on their platforms facebook, microsoft and alphabet are attending todays summit roger, it is sort of a continuation of the political pressure they are getting from all sides. To me its legitimate pressure facebook and google in particular take the position that they are not responsible or accountable for anything that happens on their platform. Given the things that happened over the last year, i think there is a need for the conversation about exactly what the limits ought to be i would think terrorism is only a small peaiece of the problem. Megan, is it possible with todays technology to remove the content in one to two hours. Theres all kinds of nseemly comments on social netwo
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, maria. Think about the last 30day period i know. Normall
Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi
This show is based on one herdical idea that its possible for you if you work at it to make more money investing for yourself than you would be hiding out in bonds or even putting money in index and funds. Which we favor pundits and commentators say its too hard, ordinary people shouldnt do it for themselves but i know from running a hedge fund you can do it as long as youre willing to put in the time and effort. I know youre succeeding when you stop me on wall street or on the way to squawk on the street because you tweet me at jimcramer. Thanking me for help along the way. Not everybody is up for it, i have no problem with index funds. But to be a good investor, you have to understand how the market works behind the scenes tonight im devoting this show to educating you, sharing important lessons ive learned in more than four decades in the market before i can start teaching you, lessons i need you to unlearn. Myths about the market that need to be demolished one of the most perniciou