Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a bubble right now, scott theres no doubt about that. We look at some of these names that have absolutely soared to the up side. We all know those names. Zoom would be the poster child you go across the board and say theyre in the right place at the right time but are they fairly priced or are they a little bit in that bubble area i think many of them are but right now, scott, its about growth and there has been growth and cash and last week we heard wre rick riether last friday and youre looking
Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
In the United States today, there are only 38 women serving as ceos of fortune 500 companies. One of those with the best track record is tricia griffith, ceo of progressive insurance, one of the largest Automobile Insurance Companies in the United States. She started as a claim adjuster and worked her way up to become in 2016 the ceo. Since that time, the stock is up more than 175 . My big mistake was, i didnt know her then and i didnt buy stock in the company. If she ever leaves that company and go somewhere else, im going to buy that stock right away. So for those who arent familiar with progressive, and if you watch television you would be familiar, because you have a lot of television ads, right . I am just curious, why is it that Automobile Insurance Companies seem to advertise a lot . I see your competitors advertising. You advertise a lot. Is that because people will be guided in their insurance decision by the advertisement . Tricia it is just a really competitive industry, whi
Call it a 25 million what if why new comments from President Trump have the media folks getting social media on their side over exxon. And later on, steal a xwas gebaa taco why fans have a new reason to tune into the world series and why prices are sky high for the seats. It is thus, octobuesday, octobe this is boais worldwide exchan got too much time on my hands all right, good morning, good afternoon, good evening from wherever you may be im Brian Sullivan throwing out a little styx and here is another song quote see if you get it. 2020 24 hours to go and maybe the markets want to be sedated that after yesterdays 400 point haircut for the dow and 1. 5 drop on the nasdaq the markets nervous about the nancy pelosi imposed stimulus deadline in 24 hours and maybe also starting to think about much higher taxes if we see a blue sweep but right now, the futures are reversing just a bit not indicating that they will gain back what we lost, but dow futures are up 150 and of course context alw
A. M. At google headquarters in california 11 00 a. M. On wall street and squawk alley is live good tugs morniesday morninm Carl Quintanilla very busy morning in the markets today. We try to get back to 3440 or so q3 earnings a part of the big news stimulus watch, well learn more in the coming hour or two. But were going to begin in washington justice files this landmark antitrust suit against google and we have more on that im still working many i way through this 64page lawsuit that the Justice Department has filed against google in which the department allege thats googlesant w anticompev behave wror is going on for years and still going on and it may be getting worse in the complaint, the Justice Department writes that google entered into exclusionariy agreements including tying arrangements and engaged in anticompetitive lockup and block rivals the Department Says google has taken a page from microsofts playbook to sustain the monopolies and even instructed blows not to use words