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For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being touted right now by the United States. It goes on to say that beijing may send a delegation led by the vice premier li hou. They would finalize the deal before the president s met next month in chile another person said that china wants trump to agree to suspend the additional tariffs due to roll on in december on top of the ones he suspended for the ones due on october 14th well see what happens you can see the pressure thats put on the future ....
After a fabulous day where the dow gained 240 points, s p advanced. 82 and nasdaq climbed. 90 i got to go there. I got to explain these universes. There is a universe with a booming economy then there is a universe with a faltering economy. One of them is a fantasy the other may be reality but occasionally they bleed into each other we can go everyone freaking out about a possible recession the market was down gigantically since then, though, we got a spade of incredibly positive earnings reports from a gigantic retailer like walmart, home depot, and now target and lowes so which universe is real . The robust one that we seen this week or the teetering one we visited, the one that had me on the today show urging people not to panic panic was the order of the day remember, panic is not a strategy lets dissect these universes, please, because they are colliding here and in the end, we know there can only be one like the highland. The recession scenario that drove stocks down hard last we ....
Are here. This has been a great morning. You heard from the boss here and hes all in and this is a joint venture. We have a great panel here so i want to keep moving. What i heard the president say was a lot of focus on what i call the two ps, promoting access in the retirement space and the president has been taking action on that. He directed us to take more action to help facilitate that. The Treasury Department has already taken action on that and the my ra space is dana grady here by the way . Oh, youre way in the back. She is a Small Business owner who encouraged her employees to participate to help strengthen their retirement securities so she has a lot of participants. Thank you for being a great spokesperson for this. I appreciate your help and im glad that its working. Were going to talk more about Financi ....
Stand. Everybody is against hate. That is not a hard thing to say. The question is, how you operate this big company at the same time, so that all our team its our teammates can be who they are when they come through the door. I have seen examples of how transformative technologies like Machine Learning in Artificial Intelligence can be applied in retail banking. The about this business, wholesale business . How you manage the transition from people to machines on the trading floor. Those trading things is tuned to that traitor, and that person. It is a huge impact, the information coming into their systems, it has changed dramatically. If you think about more broadly, all of industry, all of businesses follows society that is affected by major trends. Artificialnition, intelligence, the ability to thenters tribute data ability to store and distribute data. More mo ....
Nasdaq climb. 22 . But as much as i love it when stocks go higher i recognize the mark can only go up as much as the earnings let it. Next week we get a parade of numbers that will challenge that numbers fate. Monday, we hear from a company that has captivated the analyst this week, netflix all week weve seen analyst tripping all over each other to raise their price targets in how netflix is signing people up worldwide while at the same time increasing its prices. I typically dont like it when stocks run in advance of earnings like this one few companies can ever live up to the elevated expectations, the hype netflix isnt any company. Its a company that pioneered the company for watching the programs you like without spending all the money on cable. Its a business that can scale like no other. It even have me watching things with titles. So, my prediction is when netflix reports after the close the stock will go up instantly by a huge amount or go up over time after a dip i think the c ....