So call me or tweet m me jimcramer. With christmas and hanukkah right around the corner, how about we do this, dow closed down s p closed up. These are a little bit odd ball and some of them frankly sappy but i mean it, i want you to have these presents, too first, i wanted another yearly average higher so that the people who own stocks make money. Now i know that sounds simplistic, but given the longterm track record of the market and the pitiful returns youre really getting from bonds and the fact that so many people seem to not even want to be in stocks anymore, i think investing is important some candidates dont seem to think the stock market isnt that important they think what matters is putting food on the table. I get where theyre coming from. I think theyre making a mistake. First of all, theyre not mutually exclusive if you can afford to invest in the stock market, you should do it because the stock market is the greatest engine of Wealth Creation we should be making it easier
Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
Always undervalued power lunch begins right now. Welcome to power lunch. Im melissa lee. Ibm is certainly the big drag on the dow shaving off about 25 to 30 points. Check out wall street. The fear index, not much fear there. The vix around tenyear lows. It was below ten earlier in the session. Still, a bunch of movers out there. Herbalife of note up 10 right now. Now to michelle. Im Michelle Carusocabrera live in paris, france, because the big president ial election is on sunday. The polls suggest there is no existential threat to the euro, that Marine Le Pen has no chance. But both she and her opponent emmanu Emmanuel Macron say not so fast. Oh, boy, it looks lovely there, michelle. Well be back with you shortly. Welcome, everybody. Im Tyler Mathisen. We begin today with ibm. Shares of big blue getting black and blue today. Bruised on the news Warren Buffett has sold off a third of his stake in the company and what makes the story even more intriguing is how his affection for jeff be
Hell tell you how hes playing it. To the story that captivated main street and everybody desk on wall Street Communications director Anthony Scaramucci, aca the mooch, was out after ten days on the job. Short, eventful stint that saw memorable debut press conference followed by a bombshell. New yorker profanitylaced interview. The resignation as Reince Priebus as chief of staff. A divorce in the tabloids. And ended today with President Trump removing him as Communications Director. First, we go down to kayla toush she in d. C. Whos got all the details. Reporter Anthony Scaramuccis resignation less than two weeks after announced as white house Communications Director makes him the shorter serving staffer in that role ever but in that short period of time, he fired a press associate for alleged leaks, provoked the resignation of Reince Priebus, the chief of staff as you mentioned, and engaged in an on the record back and forth with a reporter that got published. That led to his removal t