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In 1964 you were already a member of the nyse and i wonder either in 64 or 68, did that disconnect feel as profound as it feels right now it did. Thank you for remembering. Yes, i was there in swadling clothes, but certainly in 64 to some degree and 68 was a terrible era in which the demonstrations, again, turned partially economic with looting and other things and that resulted in major city riots, some of what were hearing about today, the National Guard coming in, and that then did morph into a bit of an economic setback as the economy struggled. It didnt plunge the stock market, but it set the economy back and major cities like detroit and newark and others actually have not come back from the response they had to the social unrest in 68 and so on let us hope that it is nowhere near that, yes, ive been around long enough to have that memory, and thats why i can tell you for now, it looks a little bit less spontaneous and more ....
How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps ....
Steve cohen had to say about markets and a. I. , especially. Plus, it is a pivotal day for disney. The companys battle with nelson peltz is set to conclude at its annual meeting. That is set for this afternoon when we will get the vote totals. And tomorrow, 9 00 a. M. , right here, dont miss an exclusive with bob iger. Is it right here or out there . Its out there. Its out there. I will be going out there, hoping that the high winds that are blanketing the area wont prevent my travel to see mr. Iger. And by the way, just to make a point here, this is not saying anything one way or the other about the vote. Hes going to do the interview either way. Huh. Okay. Okay . Is that okay with you . Well, id be more inclined to do the interview if i won. I think thats his expectation and or disneys as ive been saying all along, at least. They have had a lot of confidence they will win. But you wanted to make it clear that it is not do you share that confidence . I do. The reporting i have been ab ....
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and ....
ServiceNow CEO Bill McDermott said that global challenges like the war in Ukraine “have underscored the urgency of investment in digital business". ....