Teach, put in context. Call me 1800743cnbc or tweet me jim cramer the market cooled off today. The dow sliding 67 points. Nasdaq advancing. 04 . Come on, lets face it all eyes are on next week. When we come in on monday, well know who won the election. How do you respond simple you should do nothing. Why . Because it looks like once again that we are going to have divided governments. With divided government, there is not a lot the president can do biden may be aggressive about protecting the environment or fighting covid19,less questions on cracking down china he got all these different departments that can make rulings. I wish i can Say Something simplest simplest simplestic sell your trump stocks sure trump is friendly to fossil fuels. Other than chevron and pioneer, the whole Group Remains investable biden cannot hold all of it back on the other hand, a bidens is t presidency may make nicer on china. This is mad money, not mad trade policy. So we have to factor in what it would mea
Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
Nice trifecta reports for snap, United Airlines and Texas Instruments. Jew julia, take it away. With snap meeting expectations on earnings and beating expectations on revenue, while subscriber numbers came in half a million lighter than expected, what is is putting pressure on the stock, you see its down over 6 , is guidance that snap is planning for t addition of 46 million daily active users the company also saying its combined cost of revenue and operating costs will grow at percentage rates in the low to mid 20s year over year compared to last year the company says these increasing costs are because its investing in longterm growth snap did not give any revenue guidance but said from july 1st through july 19th snap has seen 32 Revenue Growth theyre cautiously optimistic that these trends could sustain over time but theyre cautious that trends are volatile and could deteriorate. Ev evan spiegel saying Certain Industries have benefitted from some of the covidrelated circumstances. Sn
Roll out some responses to Chinas Hong Kong law as the showdown with twitter gets escalated around the minneapolis protests oil near 33, the focus is squarely on twitter and this rule violation that the president s account got slapped with, and then the white house account, the official white house account retweets were all kind of confused, as marc benioff, who is against this obscure regulation that gives these companies an exception todo this, many are confused it seems President Trump wants to create his own enemy with if you start regulating these Companies Rather than having the exception, theyre always going to have to put a counter to what President Trump wants. I think what he may not understand is free speech is nasty. What he had until this was a great run of things. Its going to make it tough for him to be aggressive on twitter. He doesnt have press conferences that work because of all the displeasure he had with regular reporters. Hes disintermediating himself from the pub