, folks. Im glad you can be here. I am tyler mathisen. A new contender emerges to solve the tiktok drama. New York Community bank savior Steven Mnuchin said he will lead a group to buy the app from the chinese owner. Plus a trio of real estate destroys here. Rent stabilization and using a. I. To build homes and using sports stadiums in its latin it should be stadia. Stocks lower today following a hotter than expected ppi. You have got wholesale prices rising 1 6 of a percent of her break compared to an estimate of. 3. There you see the dow industrials down a third of a percent. And nasdaq composite is 1. 4 . Tesla, the worst performer in the nasdaq. 100 today. It is down 20 so far in march and off by almost 4 today. Nvidia, right behind it. That stock has been down four of the last five days. It is almost 3 as we speak, tyler. Lets start with the big report on squawk box. Former secretary Steven Mnuchin says he is putting together a group to buy tiktok. He said it will cost a lot but h
Doing much, much better . What happens when the u. S. Government surprises us and does something that investors perceive as being good for business like this tax overhaul that many of us gave up on happening. Day like today, dow rocketing up 332 points to close above 24,000 anz investors decided willing to pay more for stocks because good oldfashioned Companies Keep the surprises. In short, you have to abandon cynicism to understand this market lets go over whats happened. Show you what it takes to have this kind of rally, how many Different Things have to go right. Which shouldnt seem that out there. Theres only a 1. 4 move, sounds bigger than it is. Been tame lately 332 points it worth noting even as were getting overbought. In context, most strategists on the record have turned very negative on 2018, valuations are getting stretched. Not prudent. Need to start selling now because funds are too big to dumb everything december 31st. At the same time they need to outperform the average
Adp is a slight miss ahead of the jobs number on friday. Apple set to open at an all time high after the solid earnings. Company sells 40 million iphones in the quarter well hear what tim cook had to say about the future. We might see an open above 22,000 for the first time but how long can this rally continue Major Corporate news out this morning. A r Irene Rosenfeld to leave mondelez. Am up implieg tlying the lau the end of the september quarter. It wasnt only about ipad and iphone sales. Services revenue hit an all time quarterly record of 7. 3 billion representing 22 growth over last year. We continue to see great performance all around the world with double digit growth in each segment. Over the last 12 months our Services Business has become the size of a fortune 100 company, a milestone we have reached even sooner than we had expected. Go back to something that looks like a company where you can give it a higher multiple. Particularly the Services Revenue which is extraordinary
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