Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I
But after a session with the dow dropping 160 points sell, sell, sell. The super bowl backslid 0. 49 . And the nasdaq lost 0. 80 . Really that was a day. You need to understand the economy doesnt work like that it is not like were teethinger between good and bad well have one set of good numbers from the Domestic Companies doing just fine. As long as the trade war continues well have another et self bad numbers from companies that are hostage to the Global Economy and doing terribly the chinese trade delegation went home early, instead of hanging out with farmers in montana, suddenly the market rolled over. A lot of investors believe until the big sky country darkened we might be close to a deal but there is knock on the horizon. If china would do something as low stakes as this farm visit, hence todays selloff as i told you it will be harder to reach an accommodation with the peoples republic than many people seem to think that is a good place to start our game plan. I think there cou
You have to get peoples attention when youre selling a product that melts so i always burst through the gate with a robust war cry, whos next for ice cream . I bring this up because when President Trump unilaterally decided to hit mexico with a big tariff for ten days, make them close the border, all i could think was, whos next for ice cream . Thats why the market got pole axed today whos next for punishment with the dow plunging, s p plummeting, and the nasdaq nose divi diving whos next for tariffs as someone whos generally been supportive of the president s hard line position against china, i feel like i need to draw a line in the sand here if you want a Strong Economy and higher stock prices which is what i favor the last thing you need is a president who bursts through twitter saying, whos next for punishment. I think theres a time and a place for tariffs. Ive been critical of our nations trade policy for ages, for all the time ive been on cnbc, for all these years, our old policy
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