One of the key issues this election season. Weve got a debate on whether strong jobs data has been you 00 hiding economic weaknesses. After the bell, a read with American Express, united continental, qualcomm and more. Just to name a few. We begin with oil hitting a 26year high as the president meets in saudi arabia. Just under 43 a barrel today. Significant. Its not as low as we were earlier in the year. 26. Its still not at the 60, 70, 80 that people are talking about. Oil prices are still low. Theyre going to stay lower for a while. And that is causing problems for saudi arabia. And the problems, the kingdom had to slash its budget. We know that. Its also coping with a shrinking gdp. It quietly sold some bonds for cash this year. And downgrading the sovereign and downgrading seven of its banks. While theres also been a struggle to keep cash reserves at a certain level so the Saudi Arabians can keep their currency to a dollar. The ipo looks like its going to have a speedier time line
Market cap added and it is now bigger than j j and creeping up on anal . Well, it is, and the problem that it has has and the problem i have, is that i have voting shares for a whole host of compliance reasons, but what keeps it out of peoples portfolio is that fact alone. Well, doc, is it going to be in everybodys portfolio . I think it should well, where apple was, facebook is there now. Well, im a trader and not investor. And for the Wealth Management clients, knock on the wood that we were loaded up on the facebook, and call spreads and naked stock, and it worked out well, and pete made a great call yesterday on the show about it. As far as me and a trade, once it gets up to the level of 1119, i think that you let it rest a little bit and it does not mean that it is not going to go to 125 and work higher from there, but i think that after this serious afterhours pop which has held now so far today, but basically not extended past, i think that you would get a couple of days or the
Yes, yes. But first, lets talk about my favorite story. Great britain is building a 300 Million Research vessel and in the spirit of democracy, they are letting the public choose its name, which it turns out was a bad idea. An online contest to help name a british Research Vessel has gone a little bit offcourse. The top choice for the name so far is Boaty Mcboatface. laughter trevor Boaty Mcboatface this is why i love democracy. Also the reason democracy doesnt work. laughter you let the people have a say, and what they say is Boaty Mcboatface. laughter no, heres the thing, i love the name. Its very funny. But you just know that one day something is going to go wrong and then were going to have to listen to news reports will be, like, 200 sailors were lost at sea today in the tragic sinking of Boaty Mcboatface. laughter ah. So thats going to be fun. Lets move on. I want to talk about grudges. They can be fun. Like when rival sports teams play each other or your best friend borrows your
That, because peaches is on the show tonight. cheers and applause so excited. So excited by that. Okay, anyhow, so much to do tonight, a lot to do. Larry, larry, larry, larry. Sorry to interrupt, but i have an announcement to make larry oh, hey, robin. Robin thede, everybody. cheers and applause robin. So, whats going on, robin . Its Harriet Tubman day, larry larry oh, yeah, thats right i forgot. Happy Harriet Tubman day and a happy Harriet Tubman day to you. Larry all right, okay. applause this day is so exciting i mean, when she refused to give up her seat on that bus larry wait, wait, wait. No, no, no, robin. That was rosa parks. Oh, i know. But you know who doesnt . Most people. And i went out to prove it. Im talking to people about Harriet Tubman at manhattans underground railroad. Happy Harriet Tubman day thank you. Yay tell me your favorite thing about Harriet Tubman. Um. Um. Probably when she said, let me people go. I think that was moses. You didnt think that through. Whats yo
Oil is on its way in about 90 minutes. As carl just said this morning we got news from alergan and pfizer walking away from a deal signed last year. One of the largest deals we receive in that center actually overall, in fact, and part of it done in part not just to try to fuel a growth but also to allow it to access cash overseas and bring it back to the u. S. And become a foreign taxpayer but on monday u. S. Issued regulations. This morning the u. S. Treasury at least was successful in doing just that, pfizer and allergan going their separate ways, allergan paying pfizer a 150 million fee over time theyve spent over the last few months in pursuing a deal together. Now theyre apart and going their separate ways. Were joined on set by Brent Saunders, the ceo of allergan. Thanks for being here. Thank you for having me. Its been a tumultuous couple of days. It has, yes. There was a call back in february. You were talking about the spread. You said, man, its baffling from my point of view