Halftime report starts right now. Good to have you with us. Our Investment Committee today, joe, josh, john, steve and shannon. The chief Investment Officer at boston private wealth. Lets begin with a look at talks. The major averages off their Third Straight down week a bit volatile in the green as we speak. Weiss, your note said you were a net seller and you will sell on any strength you get in the market why is that . Theres has to be significance to it. Im not selling anymore i took advantage of the lift if in friday to sell some stuff there hasnt been a lot of selling but shaving here and there. I think what the news the came out today and over the weekend has set the bar a little lower for what could come out of the china talks. As long as they make some sort of progress were okay and the market lifts my bigger concern is the earnings season. Were trading 16 times next years number right now, thats not cheap. The market generally is about 14 times. If we see continued strength in
Points, too. The nasdaq, 2. 7 from its high. It will open today again, on the upside maybe 30 points. New trade figures suggest chinas hurting badly from the trade fight and weekend disturbances in hong kong suggests xi jinping still has a problem in his backyard. All of that suggests President Trump has a strong hand to play in the china trade fight. Quick look at Interest Rates. Another positive for stocks, maybe. The yield on treasuries no longer inverted and rates have at least for now stopped their plunge. Look at that. The tenyear almost at 1. 60. Troubling developments for the vaping business. The cdc now reports five deaths related to vaping, and its recommending that people stop doing it while they investigate the safety. Heres the question. Regardless of what you put into a vaping device, does the act of putting any vapor into your lungs cause harm . Big deal for the vaping business. Weve got news on at t, news on apple, amazon is hiring big, and what would you do if you woke
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe
Said to me he had martini. And he looked at me and he said, you know, we dont picture you with White House Reporter at the New York Times. And i said, why and he goes, we picture you at the New York Daily News or the chicago tribune. And i said, you mean im too or im a woman and hes like, yeah. And he ordered martini, but bush himself was fantastic to me. He, he treated the men and the women just the same. And he would get upset with things. I but unlike later president s, he wouldnt cut me off. You know and he always he had a 30 year correspond months where hed send me notes and he always described it as he joked that he told shrink it was a love hate relationship. But obviously he didnt go to a shrink because the bushes not very introspective so. So he yeah he he was sort of fascinated me like and he would write these great notes a decent like john adams would write you letters. They werent very much more goofy but sweet and and often when my mom died, he wrote me a note and it was v
And he looked at me and he said, you know, we dont picture you with White House Reporter at the New York Times. And i said, why and he goes, we picture you at the New York Daily News or the chicago tribune. And i said, you mean im too or im a woman and hes like, yeah. And he ordered martini, but bush himself was fantastic to me. He, he treated the men and the women just the same. And he would get upset with things. I but unlike later president s, he wouldnt cut me off. You know and he always he had a 30 year correspond months where hed send me notes and he always described it as he joked that he told shrink it was a love hate relationship. But obviously he didnt go to a shrink because the bushes not very introspective so. So he yeah he he was sort of fascinated me like and he would write these great notes a decent like john adams would write you letters. They werent very much more goofy but sweet and and often when my mom died, he wrote me a note and it was very poignant. He was a real