We dont we use this to refresh and get some new investing ideas. We have bill nye joining us in a bit. Hell tell us why he sold out of apple and what he is buying with the money has made and hes made a lot of money on apple and a few other stocks your Investment Committee today is jim executive equity strategist. You have stephen wiess the dow trying to build on its four day win streak. Were down 122 points but you know math, as the numbers go up, the percentages go down. The nasdaq is something that we have got to talk about here. The nasdaq is down the nasdaq has opinion leading us higher. Maybe it will lead us lower. Why do you think the technology has been, i dont want to say weak lately, but looks a little wobbly thank you for that and for recognizing that i was wearing a trash bag this morning its always a good idea to have some protection, bryan that was protection from the rain here in chicago now its sunny outside the same thing is true in the market im going to pull it back t
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Charles schwab is expected to buy ameritrade jim as you noted on twitter, the unprecedented influence of robinhood. Yeah, look, when youre out here, you realize there are players. David talks about them a lot, including softbank, theyre fun organizations with no real growth path for earnings a fabulous growth path for revenues this robinhood has been an incredibly well funded sensation particularly among the younger demographic. Its very hard to fight a company that will you play for free and thats exactly what disrupted this industry was Venture Capital money. Think about it, its been a stable oligothic for a while. Why not surrender to schwab . This makes so much sense now schwab will be the largest asset gatherer, incredible machine. I this i schwabs store, we dont know the ratio, this deal done makes schwab go up a lot more than its up right now. David, lets talk about this deem we got some paypal news as well. Mna is getting a bit spicier as we get to year end yes this would be a
Bankers to meet when the markets arevolatile, trade tensions are heightened, the Global Economy is slowing, theond market i flashing a warning sign, and theres a lot of uncertain over Interest Rate policy. But thats exactly what is happening in h jacksone, wyoming, and the stakes are high. This annual gathering of federal officials is turning into onef the mostanticipated of all, especially given the deep divisions among policymakers. Steve liesman is there. Reporter as the fed gathers in the shaw of the Teton Mountains for the annual jackson holeeeting, the first officials to speak didnt tell the markets what they wanted to hear about the need for deep Interest Rates cs in the months ahead. I didnt think the cut was propriate necessarily but i went along with it to get back to neutral, but my forecast i ju to hold. My sense was weve added accommodation. Right. And it wasnt req in my view. I think were g in aood place relative to the manda were asked to achieve. Reporter the fed presid
Colleagues in the small village everywhere. Pick. This series and make a productions are set to gross billions of dollars but smaller independent movies are disappearing from cinemas. Meanwhile more and more Online Streaming Services are being launched find for our attention. Squeezed between streaming and blockbusters can traditional cinemas survive. We sent t. W. Film a quarter scott roxboro to the Venice Film Festival to find out amid the red carpet glitz and old world charm what the future of cinema looks like. Well this is the worlds oldest Film Festival but its on the cutting edge this is where oscar hopeful stars where hollywood matches up with the art house scene i cant think of a better place to look for the future of movie making. What i love that. Being a dad almost and knowing how much he likes to lose. He cries easily and i quote for me through what i love about nicole. Whos a great dancer and fractures. Shes a mother who plays really plays. She gives great presence. Nicol