Yet thats exactly what just happened with the dow slipping just 143 points. The nasdaq backsliding a meager 0. 28 . Even though the price of crude spiked more than 10 gigantic, gigantic gain. How the heck is that even possible how could we have so many stocks that rallied on the news simple were a changed country. We have so much oil in this country and we have a lot of stocks that now do better with Higher Oil Prices and as well we have a lot of stocks that thrive if higher oil causes the economy to slow. The United States of today looks a lot different from the United States of even ten years ago first lets understand it looks like iran launched drone strikes that wiped out a huge chunk of saudi arabias Oil Infrastructure and theyre the biggest exporter in the world. That sent the price soaring, the biggest gain in 11 years and that translates into higher gasoline which means consumers have less money to spend on going out to shop. So we have it making per secretary sense. Theyve had
Dutyfree. Sounds a lot like falling stock prices, doesnt it the averages started strong. But after the news broke the dow ended up plunging 281 points s p plummeted. 90 , the nasdaq fell 1 . One fell swoop, President Trump has given the hard liners exactly what they want if you import goods from china, hes making you pay, no exceptions that includes the iphone no wonder apples stock reversed it went from up big to just, well, ugly because its the most visible importer suddenly everything either they need to eat the tariffs or they need to make their phones even more expensive relative to samsung, which does its manufacturing in south korea can you imagine, the outcome of this is that samsung is the winner but apple is one example out of many i used it because its so in your face. The president figures hes given American Companies enough time to get out of china, roughly a year and a half sins aluminum and steel and change sourcing. Thats up to them. The reaction was so negative the yie
Headlines making stories today. Peter cook has an interview with the ceo of Marsh Mclennan. Antennae look at aereo manufacturing plant. We begin at the u. S. Supreme court as justices hear arguments in the controversy alsial aereo case. No clear answer to how the court will roll. Certainly a lot of tough questions. Justices were concerned they were using a technological gimmick to get around the broadcasters copyright. That said, also a number of justices that were concerned about the implications, in particular they asked about Cloud Computing and whether the ruling might limit that industry. Earlier today on bloomberg, especially addition of the in l loop the ceo gave exclusive comments. I do not think anyone can forecast what will happen. That. A fools game to do mainly because i think we feel very confident in the facts. I think as a matter of law, we are dead right. It is the United States Supreme Court, no one can predict. You are giving us a sense of the copyright question yeste
Can we get that in writing . And you bring us such a different perspective so its good to have you. Speak the eight here we go. Donald trumps team is in washington meeting with hungriest earlier this morning as he looks to build more relationships inside the city and broaden his appeal. We are some lawmakers with north or there and house members who were on the fence also invited this outreach comes as the trump team is taking steps to bulk up the campaign after a rough few weeks and as a new subic cbs poll shows trump swedish raking by seven points since march. Nationwide, that is. Yesterday team trump announced the hiring of Top Republican operative rick wiley as National Political director. Two weeks ago they hired a delegate specialist to help navigate complicated nomination process so some changes behind the scenes. What do you think that does for what we actually see . I dont think its going to change fundamentally the way trump is. I dont think hes capable of doing that. I think
Scout Investments Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 249,376 shares of the mining company’s stock after selling 158,552 shares during the quarter. […]