Decline in the open and s p in 18 best start in 30 years. Buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. Tech under fire a powerful gop senator demanding answers from apple good battery gate the s p is off to the best start since 87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. What has happened in the market has been very sensible. Nobody thought we would have these kind of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. Says the Interest Rates are the gravity to value and munger chiming in saying share prices are not crazy. Point blank tell you, this was becky quick, congratulations, unbelievable interview. You sit there and what you get are people who know more than anyone else alive and they are saying, look, theres some interesting things and lets not go crazy, just because Interest Rates go
I dont know if its the word euphoria i think market, the market clearly has gone parabolic when that happens, you have a decision to make you could buy in with the momentum thats continuing to build or you could sit back and just have what you have. I think its better at this point to sit back, youre long the market stay long the market its not a referendum say og kay, because the markets going parabolic, it means it necessarily end. From a quantitative standpoint, this momentum strategy thats dominated the markets the last couple of years, its like the top spinning on a table because faster ander and faster, eventually, it falls over. I think thats what the environment is right now and the interesting thing as well and john could speak to this, the vix is up 11 today. Is this euphoria, the final stage of bull market is it time to worry a little bit zm. I think just to joes point about that 11 juch in the vix, there are some people a little worried. Now whether or not theyre getting ou
Good news for mr. Trump. Thats his base. And the market just crossed a milestone. Stock values have gone up a full 8 trillion since the election. So here we are. Government shut down because a Major Political Party Supports illegals and not the legal government of the United States. There really ought to be hell to pay. Varney company is about to begin. Stuart now, were going to go down over the opening bell today off about 50 points. I dont think thats a reaction to the threeday old government shut down. I dont think theres been any impact thus far. But we will open ever so slightly lower this monday morning. There will be a vote today. Its a vote on keeping reopening the government or shutting it down. So whats in this bill today . Ashley all right. In a nutshell, this is what it boils down to is that the proposal would reopen the government until february 8th. In other words, get the light switch back on until february 8th. However, the democrats want Mitch Mcconnell to commit to th
Also apple day stocks under pressure because of iphone battery and production cuts for the iphone 10 it is down premarket. Look at this. Facebooks stock is well it is nice higher only Media Company that i can remember that urges its users to use it less. [laughter] but its profits and sales are seller up she goes. All right quickly microsoft Strong Financial performance. But maybe not strong enough. It will open lower to the tune of a buck 26. Overall, this market is headed south at the opening bell. Well be off more than 150 points this thursday morning o. All right. Politics today, dominated by the memo. This make the day when we get to see it. I sure hope we find out what fbi was up to before and after a and during election did they really protect hillary and undermine. Another day for politics and your money and thats what we do. Varney company is about to begin. If Congress Sends me a bill before christmas, the irs this is just out. This is breaking news has just confirmed that am
Vehicle that chp are looking for this morning. President trump delivers a speech to World Leaders in switzerland, this as he faces new allegations that he tried to fire Robert Mueller. Mornings on 2 continues. This is mornings on 2. Thank you for joining us im gasia mikaelian. Good morning everyone im frank mallicoat. Lets get you out the door with a check of the weather. Warmer over the weekend but cold this morning after yesterdays thunderstorms and hail. The storm totals were not really that heavy. Most were about 1 3 up to 1 4 inch. 44 and clear skies in daly city. The rain total is. 41 inches. Pacifica had 2 3. Dylan beach had over one inch and so did montecito, brentwood and saratoga good rain. About 1 2 across the area. There could be a little frost but they think the dew points are too high. Tomorrow there will be critical minimums so when we get the dry air but around the bay we have upper 30s with the rain just about done unless you are to the north and if you are youre deali