Welcome back to squawk alley. Joining us as always, john ford. Joining us as well the cofounder of aol ventures. Good to see you this morning. Markets down 148. Simon brought you up to speed on the comments regarding oil and opec and would be Production Cuts. Well keep our eye on that. Bill gates breaking with tim cook in an interview with the financial times. Gates said quote this is a specific case where the government is asking for access to information. They are not asking for some general thing. They are asking for a particular case. Gates actually walked back some of those comments later in interview with the bbc in bloomberg saying he was disappointed with the headlines saying he was backing the fbi. He pushed for tech and government to strike a balance and additionally with charlie rose didnt answer it that plainly. This is right in your wheel house. Thats the general consensus view where you live and then your own view . Its a very thorny issue. You have zuckerberg, cook, dors
Case by case basis. Take this one. Why dont we set the clock back until early last evening. Pretty much at the same time that the new york jets were busy being eliminated by the Buffalo Bills in an afternoon game that mirrored the devastation of the bulls on this, the worst opening day for the dow since 2008. Yep. Early sunday evening the futures would signal that we are going to rally at the opening. Why . Because we remain in crazy town where Higher Oil Prices translate into higher stock prices. Again, you know i think thats ridiculous. Especially because oil was rallying off on actual issue involving a war between the saudis and the iranians. It could end up bottling irans future production. Let crude go higher. And destroyed it and makes sense then it all broke loosz in china. Trading down 7 . So sellers overwhelm the chinese stock market in an obvious attempt to beat the breakers and that selling triggered the halt. Call it a selffulfilling prophesy. Now the Chinese Communist part
Thank you. The scribe that penned that bull versus bear analysis. Sure i know he was talking about families but the same logic applies to the stock market. Each different cause of the decline determines how you can profit from a period give and sell off and thats what mad money is about, profiting. Not just saying woe is me. Think about this, bring in a rally trader and think about what hasnt moved the lock step in the s p. A rally should include almost everything because rallies reflect generally positive events that resinate with all stocks. That is totally not the case with sell offs which is why we need to plunge into them on a case by case basis. Take this one. Why dont we set the clock back until early last evening. Pretty much at the same time that the new york jets were busy being eliminated by the Buffalo Bills in an afternoon game that bulls on this, the worst opening day for the dow since 2008. Yep. Early sunday evening the futures would signal that we are going to rally at
The nasdaq nose dived 2. 08 although that represents a descent recovery. Thank you. The scribe that penned that bull versus bear analysis. Sure i know he was talking about families but the same logic applies to the stock market. Each different cause of the decline determines how you can profit from a period give and sell off and thats what mad money is about, profiting. Not just saying woe is me. Think about this, bring in a rally trader and think about what hasnt moved the lock step in the s p. A rally should include almost everything because rallies reflect generally positive events that resinate with all stocks. That is totally not the case with sell offs which is why we need to plunge into them on a case by case basis. Take this one. Why dont we set the clock back until early last evening. That the new york jets were busy being eliminated by the Buffalo Bills in an afternoon game that mirrored the devastation of the bulls on this, the worst opening day for the dow since 2008. Yep.
That is totally not the case with sell offs which is why we need to plunge into them on a case by case basis. Take this one. Y dont we set the clock back until early last evening. Pretty much at the same time that the new york jets were busy being eliminated by the Buffalo Bills in an afternoon game that mirrored the devastation of the bulls on this, the worst opening day for the dow since 2008. Yep. Early sunday evening the futures would signal that we are going to rally at the opening. Why . Because we remain in crazy town where Higher Oil Prices translate into higher stock prices. Again, you k kw i think thats ridiculous. Especially because oil was rallying off on actual issue involving a war between the saudis and the iranians. It could end up bottling irans future production. And d stroyed it and makesesense that oil could go higher and then it all broke loosz in china. Trading down 7 . So sellers overwhelm the chinese stock market in an obvious attempt to beat t e breakers and th