Working, and in the old days when the late great mark cane ruled the mornings around here, i remember each time i cohosted he would introduce me as reverend Jim Bob Cramer of the church of what is happening now. It was fun back then seemed like everyone was running their own personal hedge fund. There was understanding there could be a stock here today and gone tomorrow. Those days are over. If you recommend a stock for trade, if you say buy it today for the Analyst Meeting and sell it tomorrow, there will always be a Youtube Video kicking around that shows you like the stock but never gave it the sell call weve gone well beyond that. Tonight were taking it to the next level where im introducing you to the concept of suitability. Basically what stocks fit you. What investments are right for you. Not for this week, not for this month but your age and temperament. I heard of the concept of suitability when i was in training at Goldman Sachs for the group that helped small institutions an
Welcome. Bill has the evening off. Well, wet. Made we made it through a week that stockminated by trade and goes were pretty much all over e place with ste sell offs and strong rallies, and today wasnt anyksifferent. Sttarted lower after President Trump said the u. S. Was not ready to strike a trade deal with china and then added to t tension by talking about Chinese Tech Firm huawei. Wre not going to do business with huawei. Were not doing business with them. I really made the decision. It is muchimpler not to do any business with huawei, so were not doingh business w huawei. That doesnt mean we wont agree to something if and when we t me de deal, but were not oing to be doing business with huawei. And stocks headed lower. The white house later clarified, saying it was only the government not buying from huawei, and with that stocks recovered a bit. The dow had been down about 280 points and then briefly went sitive, butnded down 90 to 26,287. The nasdaq droed 80 and the s p 500 was o
I was a reporter at the time during investigative work but also covering business. I had covered oil even before this bill. Can you tell us what the history of the oil industry was in alaska . How large was it during that time . The modern oil industry we know today got started in alaska in 1967. It was a huge oil strike. The pipeline began operating in 1973. About 15 years past. The oil industry in alaska from the day oil was discovered had an enormous mind share in this state. It was instantly recognized as the biggest source of funding for State Government. For a long time it was the only source that mattered. The oil industry produced money so fast that one of the jokes was even the Alaska Legislature couldnt waste it all. The oil industry took an acute interest in policy. Over time their influence over the legislature became enormous and it was almost more mandatory to be oil friendly to get elected to the legislature in this state. Who were some of the Big Companies operating out
Washington journal. Also live on American History tv on cspan3. I woke up at my home which was in eagle river. A suburb of anchorage. And it was all over the news. So by the time i got to work, i knew all about it. First reaction was disbelief. How could this happen . And the second reaction was just shock at the enormity of it. They spilled, i think, 11 million gallons of oil and covered, like, 11,000 square miles of ocean. Before it was done. The scale was inconceivable until it happened. Where r you working, what was your job there . I worked for the anchorage daily news, a reporter at the time primarily doing investigative work but also covering business so i had covered oil even before the spill. Can you tell us what the history of the oil industry was in alaska, how large was it during that time . The modern oil industry that we know today got its start in alaska in 1967 when there was a huge oil strike on the bay of the states north slope. The pipeline began operating in 1973 an
Who is falling behind . Weve got the latest l polls ahead of the big democratic debates coming up, and end of the month and then spacex reach for stars two big successes lodging rocket to space station and getting the giants space hop per, that even elon musk says looks like a water tower to blast off a the ground. Mornings with maria beginsing right now. Weve got a big program this morning joining conversation Fox Business Network Dagen Mcdowell and the brewer group investsment banker nfl star jack brewer great to see everybody today. Great to see you happy friday. My name better than you Maria Bartiromo. [laughter] rally up everybody. Dagen is in the house. Come on. So sweet. All right weve got gdp this morning that is important. Going to dig into that. So were expecting almost 2 growth 1. growth so things to watch out for ill jump ahead. Household spending infrastructure, investment and military buildup could contradict 4 percentage point to gdp but get a reversal inventory draw dow