Reporter it was a dave twists and turns in the relationship between the president of the United States and the president of mexico. We learned they both had an hourlong phone call to discuss whats happened over the last couple days. Heres how President Trump described that phone call in his News Conference 28 the u. K. Prime minister. We have a really, i think, a very good relationship, the president and i. And we had a talk that lasted for about an hour this morning. And we are going to be working on a fair relationship and a new relationship. But the United States cannot ten to lose vast amounts of business, vast amounts of companies, and millions and millions of people losing their jobs. That wont happen with me. We will no longer be the country that doesnt know what its doing. However, even though President Trump says they have a great relationship, he then went on to criticize mexico. Mexico with the United States has outnegotiated us and beat us to a pulp through our past leaders
The fly. In this insanely difficult moment, we are tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has spent ages lost in the wilderness after a long period of outperformance. This morning, the Company Raised its earnings and revenue forecast, so the stock rallied four points before the opening. Then management told you that part of the enterprise had soft sales, namely mature widebody aircraft, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane is possibly off the charts, the stock snapped right back to where it was in premarket trading and then exceeded that, closing up more 6 bucks. So look at the arc of that roller coaster ride. In a single session, the Company Guides up on earnings and sales. The judgments accepted. Then its rejected, and then its accepted again all within two hours. We have to as
Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the Campaign Season bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost conta
Then after further review, the money flowed right back. The dow closing down just eight points. S p declining 0. 31 nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty, or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. But heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the campaign season, bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost containment and pharmaceutical arenas, particularly biotech. These declines were so brutal, so pronounced, that we ripped up the show plan tonight and are going to spend a whole segme
Lets start with politics, a subject im usually loathe to talk about, but the election is only eight days away, so lets give it its due. On friday at midday, we learned that fbi director jim comey had decided to examine a whole new bunch of Hillary Clinton emails found as part of a separate investigation to disgrace former congressman anthony weiner. Immediately the entire market took a hit. It was instantaneous. But right after that, a great deal of the market rebounded. Buy, buy, buy. What was that about . Okay. First the market went down sell, sell, sell. On the news because investors dont like uncertainty. For weeks now the markets gotten accustomed to the idea of a Hillary Clinton presidency whether we like it or not. Thats irrelevant. Not a political statement. Just a reflection of what the polls say and how the stock market interprets that information. Why did the market rebound almost immediately . Investors, including the guys at halftime, i think ive got the answer. Anything t