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Day caused by a fundamental lack of understanding about whats actually happening at individual companies. Often these seemingly nonsensical moves define the underneath as we call it. Whats really going on. Even as the averages look placid, beast. Happily sunning themselves on the plains of the syrian gatti. S p advanced 0. 4 and nasdaq climbed also. What do i mean when i say people get it wrong . Lets go right to the tape. Take best buy. Heres a company that most of the cognicente view it where you can check out hardware before buying it from amazon prime. The thing is that view couldnt be more mistaken which is why the shorts got their bell rung today. Best buy. Best buy is and always has been and always will be about new product cycles. When theres a huge new product cycle it can produce fantastic nulls. When there are several Sterling Products hitting all at once results can be as spectacular as they were this morning. When ....
The first trillion dollar company, the details on jeff bezos power lunch. Welcome, everybody im brian sullivans better looking twin brother lets look at the markets. The dow, s p and nasdaq hitting record highs again today telecon and Consumer Discretionary are the best performing sectors not a lot but enough, the nasdaq and the s p may be down a bit right now but hitting lord highs, verizon, merck, boeing, disney are your dow leaders. Boeings move comes on the back of 10 gain yesterday. On the flip side, the transports are having their worst day in over a month 5 below their record high get this, just breaking a few minutes ago, adp shares, they probably make your payroll checks, soaring on news that bill Ackmans Pershing Square is building a stake in the company. Im Michelle Carusocabrera its t ....
North korea vowing revenge against the u. S. In response to tough new u. N. Sanctions over missile and nuclear programs. Former u. N. Ambassador john bolton joins us with more on what happens now. Illegal and unconstitutional. Chicago mayor rahm emanuel suing the department of justice blocking federal tax dollars for sanctuary cities. The doj firing back, saying what emanuel should be focused on instead of this. The white house is pushing back hard what they call an absurd report out of the New York Times about a 2020 shadow campaign. Well explain. First back to the markets. The dow climbing into the close to score, looking at that, another record finish. But oil that is moving in the opposite direction as opec meeting gets underway. Lets go to phil flynn watching action from the cme and Nicole Petallides on the floor of the new york stock exchange. Nicole, lets start with ....
Were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good feeling continue . Right now politics can outrun any earnings, and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about foreign policy. Why do i say this . I heard it from Money Managers and flo ....