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Deutsche banks restructuring cost went to 5 billion euros and push them to its 4th net loss in five year and shares rise for the second day a 3. 4 billion euro takeover bid. Well, as you can see, italian bank stocks are rallying this morning. The highest level in over two years after italy avoided eu disciplinary action. It expects the country to fall in line while they promise to reduce the deficit over the next two years. You can see there are almost 2. 8 unit credit particularly well this morning. 4. 6 higher. Also not performing quite as well as some of its peers though up 3. 7 . Now this broad based rally also underpinning the move. The spread between italian and jeremy ten year bond yields touched its lowest level in more than a year as they were near record lows you can see that distinction falling pretty sharply there at the end of the graph with the italian tenure down at 1. 639 and 10 year at negative. 388 now my colleague just got back from brussels last night and is immerse ....
Darn stupid lately. Maybe President Trumps thrusts have thrown investors off their game. But im becoming increasingly aware information not being valued accurately day after day. Its a big factor in the rally. Dow up 8 points. S p back slid 0. 09 . Nasdaq declined 0. 08 which can only be regarded frankly as a successful consolidation of the recent run. Take last night. Take cisco, the giant networking equipment maker, morphing from a hardware to a software company. It reports revenues that look anemic, and the stock gets banged down instantly. Im sitting there, having done a ton of homework for tonights interview with the ceo, and i can see from the deferred revenues the real number, the real metric that matters in a software company, that its actually a much better than expected quarter, especially when you compare it to the previous one. Im aghast that once the stock does tick down, the journalists are out in full force. Theyre ....
We begin with air travel. A new Airline Study found more flights are arriving on time with fewer lost bags. But why is actually taking a flight often so difficult . This Week Featured an extreme example of how air travel can be a rough experience. Phil lebeau has this weeks cover story bumpy ride. Reporter the cell phone video is disturbing. Oh my god look at what you did to him reporter Airport Security dragging a passenger down the aisle and off of a united flight from chicago to louisville. What happened . United was trying to bump four passengers to make room for crew members who needed to be repositioned to louisville. But when nobody would give up their seat for the 1,000 united said it was offering, the airline started picking passengers to be involuntarily removed. And a very bad week for united began. Certainly, ....
Possible, if you work at it, to make more money for yourself, than hiding out in mutual funds. The pundits and commentators say its too hard, that ordinary people cant invest for themselves and should even bother trying, but i know for experience, from running a 4 million hedge fund, that you can do it, as long as youre willing to put in the time and effort. And i know youre succeeding at individualing investing when you stop me on wall street or on squawk on the street and tell me about the big wins. Not everybodys up to it, and thats why i say, listen, i have no problem with indexed funds, but in order to be a good investor, which i know you can be, you have to know whats going on behind the scenes. Thats why im devoting this show to teaching you some of the more important lessons i have learned. Theres some lessons you need to unlearn, some myths about the market that need to be demolished. Whats most pernicious is that the market is always rational. That the market always makes set ....