Except for maybe jp morgan our American Express or honeywell, or Union Pacific thats right where there are more pluses than minuses, because the stocks are generating pin action, are a lot more powerful than when the stocks generate negative pin action dow advancing 57 points, s p, nasdaq jumping there are plenty of down beat stories out there, and the economy is slowing, chinese, whatever, averages, call it whatever you want, the brexit, the tragic, 737 max plane crashes. We are now learning boeing may have known about the planes flaws ahead of time. The litigation thats pommelling the pharmaceutical industry, and the overhang from this years flood of new ipos, many of which turned out to be gigantic losers im going to flush out those wounds later but what matters most right now is the action in individual stocks see, individual stocks, they have no ideology they wont mislead you theyre not bent, as the cops would say in the line of duty, fabulous british detective story. Why dont we
Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill wall street was hit by a wave of selling today, triggered by chinas currency devaluation. The price of oil and other commodities plunged, amid fears of slowing growth in china, and materials stocks followed suit. The Dow Jones Industrial average lost 212 points to close near 17,400. The nasdaq fell 65 points, and the s p 500 dropped 20. Woodruff nine people are facing federal charges in a hacking scheme that gamed wall street for 100 million. Federal prosecutors in new jersey and new york city say hackers in ukraine stole Corporate News releases before they became public. Then, traders in the u. S. Allegedly used it to engage in insider trading. Five of the suspects were arrested today. Ifill the head of the Environmental Prote
Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill wall street was hit by a wave of selling today, triggered by chinas currency devaluation. The price of oil and other commodities plunged, amid fears of slowing growth in china, and materials stocks followed suit. The Dow Jones Industrial average lost 212 points to close near 17,400. The nasdaq fell 65 points, and the s p 500 dropped 20. Woodruff nine people are facing federal charges in a hacking scheme that gamed wall street for 100 million. Federal prosecutors in new jersey and new york city say hackers in ukraine stole Corporate News releases before they became public. Then, traders in the u. S. Allegedly used it to engage in insider trading. Five of the suspects were arrested today. Ifill the head of the Environmental Prote
Nasdaq declining. We have entered the heart of earnings season. These moment where is the reports are fast and furious with the headlights blaring and free markets all over the place are among the most challenging times for all investors. What makes dealing with this cacophony of earnings so tough . Its subjective. I view the companies as being similar to the way teachers grade tests. We do have the occasional true or false quiz, sometimes multiple choice and the essay. The subjective essay that needs to be read beginning to end. You want to figure out how well the company did. While you often hear that such and such a Company Reported a good quarter i reserve judgment based on the kind of test being administered. Sometimes the answer is obvious. Johnson johnson delivered a monster quarter with a terrific top and bottom line beat. As stellar sales of all the new drugs stole the show. It was unassailable. Therefore, j js quarter was a true or false test. Im checking true to the line tha
Speculation chinas government will add stemless after inflation reports. Of estimates below 2 . The price of oil has resumed its slump. It may go lower. West texas intermediate fell below 63 a barrel. Brent crude also down. In official in irans oil minister critics the price could fall as low as 40 a barrel. That is if there is a price war or of divisions emerge among the members of opec. The new Federal Reserve relation may be expensive for jpmorgan. They may need to come up with more than 20 billion in capital to meet the new standard. Jpmorgan is a ready facing the highest capital surcharge under International Rules. The bank might have to delay Dividend Increases and stock buybacks. Jpmorgan says it intends to meet the requirements. And the weather watch, we go out west, Northern Telephone in bracing for one of the biggest storms in years. People putting out sandbags. Up to five inches of rain expected starting today and winds up to 60 most per hour. Another danger, but flyers muds