Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00
You need to know the source of your investing advice. Tonight i will tell you i am, and how i got here. What i want to do tonight in the extremely special show is to trace the arc that brought me to mad money. Its to give you some money making lessons, from the phases of my various careers, and explain how you can try to make money. Im giving you the investor guidebook, call that the skinny on how i learned to become an investor. You will become better than i would ever be. My love for stocks started back in fourth grade. My dad would bring home the philadelphia bulletin. It was one of the largest newspapers in the country. He had it when he came back from work every night. I wanted the comics and sports. I was a phillies fan. I pivoted hardcore to the eagles. I was also curious. Curiosity has always been a blessing and a curse to me. Anyway, there was always this solid chunk of the paper that seemed impenetrable to me, the business section, it had these giant names that seems to go on
Sometimes people have a difficult time doing that but a few months ago the premiere said he didnt want to see a devaluing at all this year. Now down by 44 points. S p futures off by 4. 5 and nasdaq down by 10. Cac is off by one third of a percent. It didnt beat forecast reven revenue above projections. There was a 3. 5 jump and the Home Improvement retailer raising its fiscal 2015 sales and Earnings Guidance. Brian joins us in a few minutes to weigh in on the latest results but u. S. Comps were strong as well. Up almost 6 . The company has now had beaten 11 quarters in a row. So it was widely expected it was going to be a 12th and thats exactly what happened. Shares of home depot down. Pretty good run for the stock as well this year. Based on the housing data weve seen lately including yesterday, this was widely expected to be another beat quarter. As you mention, theyre giving good guidance for the year. They see same store sales up 4. 1 to 4. 9 for the year. Thats what theyre expecti
A. M. In london. This is Bloomberg Markets middle east. For a week it has been local markets. Especially if you take into consideration it was a week when we had the Interest Rates moved by the federal reserve. They hiked on that front. We had an attack on congressional representatives in washington. Political uncertainty that continues through the markets. And the market moving for whole foods by amazon. If i told you that this would this is how the u. S. Would close at the end of the week, you would of called me crazy. Theselloff did not prevent s p 500 to end the week unchanged. I will get you a quick run through of the markets. The nasdaq, 100, 2 week drop. That is the worst slide since november. Netflix and microsoft, you can cbs and p 500 early about the flat line. We did have some interesting moves on some of the bigger companies. Lets cross over to this part of the world, in terms of key Asset Classes and focus on brent crude. 47. 37, that was late trade on friday. Rent down 2
By keeping Interest Rates down the Federal Reserve, along with other Central Banks, made all sorts of stocks more compelling than they should be. So for those folks that means the oxygen will get sucked out of the casino and we will all suffocate in our stocks. I get this argument. Look, if youve been buying dividend stocks, Getting Better yield than you might find on the bond market then you are indeed losing your principle prop here in the tail wind. Tail wind that allowed the stocks to generate excellent perform thence with bonds offering stingy returns dividend stocks became very attractive. Not going away yet. And thats not the only problem we will be losing. With rates low, companies can borrow plan to buy back huge amounts of stock. They buy their own stock back. They crunch it. That in turn reduces the adviser in earnings per share. Which is the share cap. Thats the deviser. Giving you bigger gains than you stock creating fast earn stocks than by say investing that money in ord