Time in history. Instead it rallies to new highs dow gaining 256 points s p climbing 1 . And while that may seem crazy, theres actually some very good explanations lets start with the negatives, though first there was this mornings tweet from the president , meeting with chuck and nancy today, of course, chuck schumer, nancy pelosi about keeping government open and working. Problem is they want Illegal Immigrants flooding into your country unchecked. Are weak on crime and want to raise taxes substantially. You know at most times the story like that about a potential Government Shutdown would have sent the stock market into a complete tailspin. Government shutdowns are synonymous with lower stock prices even if the democrats hadnt canceled their meeting the rally over this could take weeks, months secret that tends to weigh on the stock market. But not this stock market. Instead we rallied on the news why . Who knows. Maybe it signals that the republicans dont need votes to keep it fund
They started unloading ships at 8 00 a. M. Local here in los angeles. Over on the long beach side as well. I have to say since weve been on the water since 6 00 a. M. We have yet to see a new ship come in or leave, and if are you flying into los angeles, well roll the video. Youll see something very similar to this. It looks still like an armada out there. In the morning midwest it looks reminiscent somewhat of dday. If you lined up all the ships waiting off shore, it would stretch 579 miles. At least the trucks are moving again. It could take until april until all the union locals vote on this tentative deal. Also, all the employer members of the Pacific Maritime association have to approve it. Its a deal which replace the lone arbitrator with an arbitration panel. It raises wages, which the pma say now average 50 an hour. Plus it raises the pension and it continues to provide Health Care Completely free to dockworkers. I have all the confidence in the world that when the rankandfile
Star state reporting on the impact of low oil on jobs and the economy in the great state of texas. First, lets get to bob in the heart of all the action down at the nyc. I can hear smashing in the background. All those records being smashed again today. I believe its been the best twoweek gain for the s p in three months and im just looking at the leaders here. Energy and materials are on fire. Once again. At that level this will be a new historic closing high. Well see if we get there here. Intraday inteks for new highs, theres a bunch of them. The s p 500 is an at intraday by semiconductor index, i mentioned this all week its been at historic highs. Midcaps have been historic highs. The nasdaq is at a 15year high. The russell is close to new highs as well. Well be keeping an eye on that. Leading the charge as mandy mentioned is energy and will we see brent up very strong this morning and close west texas intermediate. We get some of the more volatile names up. Danbury, halliburton, b
Sense. Some people think the future is very right. They will do 35,000 cars this year. They want to scale up. They mentioned that the giga factory. That is a big deal and critical to them trying to achieve this goal of getting to multiple thousands of vehicles or year. As i understand it, tesla consumes our is one of the largest consumers of lithium ion batteries in the world. How much would a giga factory help . I think elon has said that it helps and changes everything. It will potentially be the largest battery factory on the planets. It will have more Production Capacity then all of the self production in the world. This single facility will have more by 2020 is the target. It would provide them a very low cost potentially. That is the company goal. A very low cost to feed their plant in california and maybe other production operations. If you have also said they are trying to get partners investing in this with them. Panasonic, their main battery supplier has already been identifi
Shares are going crazy. They had another record high. Why do investors like this so much . About the future. If you look at the fundamentals now the share price makes no sense. Some people think the future is very right. They will do 35,000 cars this year. They want to scale up. They mentioned that the giga factory. That is a big deal and critical to them trying to achieve this goal of getting to multiple thousands of vehicles or year. I understand it, tesla consumes our is one of the largest consumers of lithium ion batteries in the world. How much would a giga factory help . I think elon has said that it helps and changes everything. Theill potentially be largest battery factory on the planets. It will have more production the selfthen all of production in the world. This single facility will have more by 2020 is the target. Them a very low cost potentially. That is the company goal. A very low cost to feed their plant in california and maybe other production operations. If you have