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Finally a quick look at crude. You can buy a barrel of wti crude for 47. 49. Here are the big stories were watching. A phishing attack has targeted googles 1 billion gmail users. An email coming from a trusted source asks you to open a google document and it redirects you to a page to open a google goc pdo page, which then trooef retrie email addresses. Tim cook saying apple will start a 1 million fund to promote manufacturing jobs in the United States. Were creating an advanced manufacturing fund. Were initially putting 1 billion fund in the fund. This i did not know about. Were announcing it today, youre the first person im telling. And im not the first person, because we have talked to a company that were going to invest in, already. But this a billion dollars of apples 256 billion. A billion dollars of our u. S. Money, that we have to borrow to get, thats a whole other topic, but were really proud to do it. And by doing that, w ....
Takeover over apples run can send stocks higher. Everything else is for sale with the dow falling 200 points. S p plunging 2. 4 . Nasdaq down 1. 5 . No new money coming in. Just slashing all over the place. On a day like today, nothing to slosh into. Least today there is mar reeves market. T reeves market. H reeves markea reeves market. Lets start with the drug stocks. Today they simply took your breath away. How can they fall from 101 down to 73 despite making on its hepatitis c . . Despite having so many irons in the fire, how can regeneron, the stock is down now to 38 of. Nothing happened than sales were more fabulous than we thought. I almost hesitate it answer this question because it touched on the third rail. There is a growing believe that republicans can lose the house and senate because of issues at the top of the ticket. If thats the case and we do get a democratic wave, then the democratic bite could be as bad as her bark when it comes to controlling drug price. The market ....
Stations, the conventional media lined up next to each other one by one. Early morning on broad street next to the New York Stock Exchange. When i came to work. Ive worked downtown for 33 years and i can tell you, you only see those tv trucks when theres already been a huge amount of panic. Frankly, they are typically sign of a bottom after tremendous decline the day before. This time, they were ready because of the brexit, the vote by the uk to leave the European Union. They were all set to cover the blood bath. Just one problem. No one panicked. At least not what amounted to a very benign opening. We opened down 500 points. That lasted a second. A lot of my screen was green. Just a few points worse than it was the day before when we believed that the british favored romania and the eu. Why not . The britts have at least had one foot permanently with a separate curr ....
You have to wonder if something good may be coming, coming up for the entire economy, something bigger than we talk about today. Todays sleepy session was the new normal. Ive made no secret of the fact that i think that the end of the recession with the Federal Reserve, it has caused millions of people to miss this amazing run from the generational bottom seven and a half years ago. The current hiatus in buying ahead of Janet Yellens speech in jackson hole is typical. We wait and then its gone. What, why have so many been so skeptical of every darn move higher . Because investors have been conditioned to brief that once the fed starts raising Interest Rates regularly, they believe the stock market will go down. Why . They believe it never should have gone up in the first place. Everything that can cause a stock to raleig ....
Day. Cnbc, Institutional Investor hosting the sixth annual delivering alpha conference in new york city, bringing Hedge Fund Titans and investors together, offering their views on policy, the economy, politics and investing. In just a few moments well hear from elliott managements paul singer. Thats a big one. First, bridge Water Associates making news a moment ago, talking about rates along with former secretary tim geitner. Take a listen. When jamie dimon says to raise Interest Rates you think thats wrong . Thats right. I think thats wrong. At this stage, the risks are so asymmetr asymmetric. Theres no doubt you can slow the economy, world economy, u. S. Economy. Look at the inflation pressures, its a horrible thing. You look at the demographics. All ....