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The trump rally, stock futures pointing to a slightly lower open after the dow extended that win streak to 11, but are markets in bubble territory . Of course buffett ways in. And obamacare in the spotlight. President trump is set to discuss how to replace the law during a busy morning of meetings with the nations governors and Health Insurance executives. And former ebay ceo taking up a new job this time in the cloud. Hell join us live. Futures mostly flat though with the dow coming off an 11day win streak for the First Time Since 92. Speaking this morning with squawk box in that threehour special, Berkshire Hathaways buffett weighs in on the price of stocks and if in fact were in a bubble. Measured against Interest Rates stocks actually are on the cheap s ....
Back. The dow falling just 3 points. The s p 500 inching up. 02 . Nasdaq advancing. 50 . Even as the fed seems eager to pull the trigger. On a june rate hike. Its simple. This market is in a see saw mode and that throws some stocks off while allowing others to come along for the ride. The possibility of the feds raising rates sooner rather than later. With the market all over the place today. I think it is important to do a little refresh better what drives these moves and what allows certain stocks to rally in a truly sub par moment. Where it is awfully hard to keep the bear at bay. Lets start with the time line here. First on day one. Out of nowhere we start worrying about imminent fed tightening. Everything goes down. No market can handle a Federal Reserve official. Saying we need to raise rates not just once with you several time in 2016. When you get not one, not two but three of those guys saying the same thing and theyre s ....
Brent a decline of 49 cents. Couple big corporate stories to tell you about. The biggest one, its final. Its here. Verizon set to announce an agreement today to buy yahoo for 5 billion. Sources telling us that yahoo will no longer an operating company after this. It will become a Holding Company for stakes . Alibaba and yahoo japan. Has a small platen portfolio to sell. Marissa mayer not expected to stay on after the deal is completed. Her severance, expected to be 57 million. Well have a lot more on the story in a couple of minutes. Other news as well. Tesla and solar city, theyre reportedly closer to a merger. No brainer. Thats a new one. One brain. Elon musk the largest share hoeflder in both companies. In the final stages of carrying out Due Diligence on both companies. The companies are carrying out due dial generals the right brain talking to the left . Elon did an inte ....
Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deliver fantastic quarters but have the misfortune of reporting on a day when oil goes down. That could be where the opportunity comes in. What do i mean . Lets take salesforce. Com which reported the best quarter of any Technology Company in 2016. You know i dont likikto chase. The stock missed almost 10 after the quarter. I said you have to be careful because there could be some turbu ....