Its market cap now almost 900 billion. Josh, stocks trading at be a alltime high, all the way back to the ipo in 1980. Yeah, well, and deservedly so look at the size of this business look at breadth of everything that they do and how it all works together look at the Services Revenue look at the fact that the jesus phone is upon us, and people are waiting on line in every cosmopolitan city in america and soon to be the world you know, i think you have to give these guys their due, and i think big picture what we did on the show with ale is very important two weeks ago. You had those rumors start to surface from the quote, unquote asian suppliers. Every time they were about to release a new nope, we hear word that orders are not what people thought they were or there was some kind of technical glinchings sometimes both. We rightly dismiss that talk and rightly point it out that we did it with the 4, the 5, the 5 s and 6 and hopefully people didnt overreact to the headlines because right
The shanghai up by half a percentage point in europe in some of the early trading right now we are seeing things a little bit mixed across the board. Ftses hanging in there up by. 10 of a percent. They are seeing pull backs by the dax down and the cac off by 1 3 of a percentage oint. Crude oil prices on a climb again last week where oil was up by just over 1. 10 this morning wti back 1 cent i take that back, its unchanged at 56. 74 lets tell you whats going on couple stories were watching this morning couple big ones. General electric is going to announce a major restructuring is going to happen today ge will focus on three or four units, aviation, power, health care ge is planning to shed its majority stake in oil and gas operator baker hughes. Remember that big bet that shedding . Shedding. Shedding. Like skin. John flannery expected to announce the changes at a meeting. Theyre getting out of it he got into it, now hes getting out of it. You build it up and you take it down were goin
Stocks are taking a hit again. However, were off the session lows the dow was down 166 points at one time now they are off by 91 points. The s p is on pace to close at about a threeweek low as for the nasdaq on pace for its lowest close in two weeks. The russell 2,000 is down for Third Straight day that index is down about 2. 5 for november thank you very much welcome, everybody the annual advisor out here well talk to some of the smartest minds about investing to the record rally, to the trump agenda to this low volatility market. Its high energy here. Were get the advisors take on the gop tax plan and some best ideas for the new year well hear from the ceo of schwab lots to get to from the windy city back to ireland bound bryan at hq thank you bow tie it is what most of you watch its less obvious but equally important. There are some potential warning signs flashing from one big part of fixed income. Its called the yield curve. Lets get straight to the trading action lets get to what
Clearlake. As of right now, that fire is 20 contained, but it has been growing this evening. We will continue to follow the story for you and bring you any updates as soon as they become available. Right here on the kron 4 fews at 10 00 and online on our website kron 4. Com. Lake countriy is all too familiar to wildfires. The valley fire that broke out last september killing four people and destroying close to 2,000 structures, valley fire is considered californias third worst fire in history. Just this past week, the cause of the fire was released. Investigators say the fire was caused by a faulty wiring circuit system from a hot tub to a home, cal fire says the homeowner admitted he installed that circuit himself. Now, according to the press democrat, this home owner is challenging the findings. Our meteorologist is here as we were looking at the fire that is growing tonight, what are the conditions like for firefighters . Winds have been very breezy this afternoon. That comes on top
Competition. We talked about brazil, canada argentina, mexico spain and vietnam. And ive seen some of those products in the market, rice for example, 25 cracked and broken, got to be sifted before it can be served in hotels and restaurants. It is cheap by the time it gets but by the time they fool with it the quality deteriorates. No doubt the strong dollar over the last several years has put some downward pressure on our exports, its made our products more price higher priced products. Cubans have also diversified away from us to lower priced competition. During the global recession, cubas earnings from tourism declined along with declines in the value and volume of their allimportant nickel and cobalt exports. Remittances from cubanamericans also decline during that time and put a lot of pressure on the government of cuba and limited their ability to purchase products from the u. S. And, of course, the key thing to note about the cuban market is that the term market today is a misnom