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Around in the dow. From down 150 points to down 44 points. 737 has been dedevilled by safety related issues. Boeing has a backlog across all major carriers on the planet pretty much. Just shipping them to those carriers does not mean they will instantly fly, but it says it is ready to make them fly. Of course a lot of people to write off on this. More people are buying on this. Asking questions later about it. Keep you posted on pretty dramatic developments for boeing. What will be a big test for markets, probably our patience, both sides on capitol hill bracing for what is highstakes public impeachment hearings that could dictate the course of trading. Up to now, really hasnt. Most on corner of wall and broad dont think anything will come of this but you never know. Hillary vaughn with the latest what to expect, who to expect beginning on wednesday. Hillary . Reporter neil, democrats handpicked three witnesses to bring in front of cameras this week to question hem in public to try to ....
The president has arrived in japan for the g20 summit, just as he stepped off air force one the news broke that china has established its negotiating position in the trade talks. Remove restrictions on huawei, remove all tariffs. Thats a hard line. Trump meets xi on saturday. Im going to call it a flat to slightly higher market. Any loss for the dow is accounted for by boeing, which is down sharply because of new problems with the max jet and look at that nasdaq go, up half a percentage point. Big tech doing well this morning. Theres a story on bitcoin. It hit 14,000 overnight but the Coin Base Exchange crashed. When that happened, bitcoin fell sharply, currently is down to 11,700. Just look at how amazon has changed the world. Their prime days dominate the summer selling season. Now we are seeing target, ebay, walmart and others join the club, jumping on amazons band wagon with a ton of special deals of their own. Thursday, j ....
A lot of it boiled down to the latest earnings that have its business going further than anyone going forward, the poster child for Artificial Intelligence, nothing artificial about the advance in the technology laden nasdaq, what to make of that and the sources that are going one way versus the dow going south for the time being, thats a separate story. Susan at 250 billion they for the worlds biggest chipmaker, extending that 100 rally so far this year and wall street has some pretty high folks going into this but nvidia putting an incredible record quarter tripleing sales going for a bigger quarter this spring time and remember whats rallying the stock, the longawaited stock split, 10 to 1 starting june 7th so that means more average folks can buy in and theres a higher chance of inclusion in the Dow Jones Industrials which is. With the stock price and nvid ....
Sort of analogous to portfolio insurance in 87. Stuart not like you to engage me in conversations in the first minutes of your show but i will tell you neil im kidding. Im kidding. There is always sort of a monday morning quarterback that comes back to look at weird things prior. You and i can remember the whole portfolio insurance thing of 87. Just me, just me alone, all these Creative Products that are meant to sort of cushion the blow of just Market Forces end up creating the crisis to begin with . Stuart all i will say is, neil, dont ever come on my show with that stuff, you will get the buzzer throughout. That is a fact. I should have taken your question seriously. I got a car waiting for me right outside. It is warming up. Neil lizzie would appreciate my curiosity on this. Liz yes i do. Neil talking to the wrong person amounts soon as the papers were cleared, thats it ....
The nasdaq up for a while because, if you think about it, 2 3 of the nasdaq components are well into bear market territory and well past correction territory. Why do you follow that so much . Well, sometimes when we dip into a bear market we dont dip out of it. Normally when you do, you sort of stay around town for a while. Meanwhile instant beneficiary when people get rather anxious about the market and stocks, wellthey park their money in bonds. The yields have collapsed as a result. Think about what that means. People would happily accept 1 1 2 on their money rather than lose their money. So that is interesting development. You always see when the market cascades. All right. Oil started this, as i say, phil flynn, on whats goingson and how low do we go. Phil, what do you think . Well right now, neil, we hold the low for the year. They were testing that when the Global Markets were melting down. And thats going to be a key numbe ....