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Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We h ....
One fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. Surat, can stocks and rates both rise at the same time . I believe they can. The reason being that the fed has been actually pretty good at telling us what theyre going to do those expectations are baked into the market. The market hates uncertainty so whats driving this market and whats driven this market since last july are earnings global earnings are doing better and i think theyre going to continue to do better. And if rates move up but they dont move up faster than expected, i think you will see the market go up multiples might not expand because i think theyre pretty high levels, but if earnings expand, then stocks grow into those earnings. John, listen, in 1994, the Federal Reserve raised rates by 2. 25 . In 1995 the dow rose 33 can we do it again we can. Can or will i think we will first of ....
Speaker his excellency president of the peoples republic of china iso delighted you could join us here and davos with the invitation night issued over one year ago. President xi a warm welcome to you and your highlevel delegation to your first davos visit even if the temperatures outside are freezing by your presence as a special significance and as the First Chinese president to address the Civil Society leaders to come on as an important moment in time so to make impressive achievements to of the industrys to reform and open up. Under your leadership there is an ever increasing of Global Affairs from Climate Change and i would like to congratulate you to be marked by great uncertainty into continue the responsible leadership with confidence and stability. Thank you ....
We know what the agenda are, which is why my view is important for the f, for africa as theyre presented by the a you to take its place at the bargaining table with the g 20 to protect its interests and enhance its own stature. But at the same time, cannot, it cannot be the only in International Instrument available to the african continent controlled by the west, which is why i mentioned one or 2 other instruments. Bricks i think is really important and might become even more important in this global term will that we are going through and some even speak of a revival of the non aligned movement, maybe in a modern form. So yes, africa has different options to choose from. And as must be very careful who it makes alliances, but as we faced this turbulent time globally, joe biden has officially congratulated the Republican Party 1st carrying its majority in the hou ....
If you like, that soviet experience was itself the kind of death wish. Because in the name of ideology, russia and the soviet union and the other countries associated with it, pulled themselves further and further down until, as we all know, they were living in pretty miserable material conditions. And im afraid i think europe is on that same predictor of army. Im sorry, you not in your head is john was answering my question here. And you know, obviously the garden reference i made were, has to do with Joseph Burrell and his ridiculous blogs. The 1st one and then once explaining why the 1st one made sense and then he compounded is a mom dilemma. My continuing to talk about a garden. Well, if we want to stay with the garden, the garden was real pretty because it had cheap energy, didnt it . I mean, its really kind of simple. Okay. I, you know, and john, as usual, jumped ahead of me. I want to talk about the b, the bolshevik mindset ....