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Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the preside ....
The first model 3 built in china rolling off the Assembly Line and elon musk tells his employees quote, pay no attention to the stock price, unquote. Im Ashley Webster in for stuart. Varney company about to begin. Ashley lets take a look at the gains for the major averages this year. Wow, oh, wow. The nasdaq, 35 . The dow, 22 . The s p, a mere 29. 25 . Joining us now, market watcher keith fitzgerald. Fitz, for big gains for next year . What do you say . Why not . Oh, i think weve got all the right things in play. Weve got record consumer confidence, great economics, companies growing. This is a great time to be alive and be an investor. There is always a possibility of shortterm correction but you know what, even a busted clock is right twice a day. Ashley more and more of those socalled experts are calling for that correction. Ten, maybe 20 . Whats going to trigger that . Wel ....
This calendar year. 27 of the s p 500s gains many this year alone 2018 come from amazon and it touched 1500 dollars share right now 1496 were also talking that truly remarkable emotional event at the white house where President Trump listened to people directly impacted by School Shootings and hes responding with his actual policy this morning. Well get into that as well and the president will be holding another event at the 11 30 eastern discussing School Safety state and local officials. Well, of course, take you there live. As always a jampacked three hours for you Varney Company about to begin. Because my daughter had no voice. She was murdered last week and she was taken from us. Shot nine times on the third floor. We as a country failed or children. This sho ....
Swamp. He is successfully dominating the news cycle in a positive way. Now, look at the deal making. 200 billion dollars worth signed already. Energy, armaments, infrastructure in america, boeing, ge Power Generation equipment and another quarter trillion dollars in arms deals expected in next ten years, enormous dollar numbers. The media, not happy. They want to concentrate on the president s political troubles back home. Investors encouraged by the deal making and the switch away from political turmoil. The dow is going to go up just a little when the trading day begins. Maybe 30, 35 points, but remember, please, despite it all were only a couple hundred points away from the dows alltime record high. Varney company, monday morning, about to begin. All right. This coming in from the Auto Industry. That man right there, mark fields, ceo of ford, he used to be ceo. Hes out. I ....