On the walls check out my twitter feed. See all the ridiculous speculative names people hope ill mention or pump same deal, no earnings, but right on stocks. These are textbook signs of what we call froth. Thats what this is. Its froth and you know what . All the froth got crushed today. Dow plunging 517 points, s p plummeting 117 , nasdaq nose diving 1. 55 not bad for an amateur so whats become too riskier let me give you an example last night kind of cool. We had novavax on, hottest stock on the market. Vaccine developer working on something for covid19 the stock runs from 18 to 40 in two days i cant recommend Something Like that thats this, you know, novavax is this, okay. Good guys, but it doesnt matter it actually managed to rally today. Maybe novavax wins the vaccine rate if they dont, the stock is going to get eviscerated id rather have you in something thats diversified glaxo, pfizer, j j same for biotech stocks. Anything related to ebola, flu, except regeneron they have little
Beards in berlin its good to have you with us Global Markets fell on tuesday for a 2nd straight day concerns over growing numbers of krona virus cases in europe and asia as well as new warnings in the u. S. Led to lead to major sell off on wall street in particular the major indexes there each losing around 3 percent and the benchmark 10 year treasury note also hitting a record low for investors who are on a bullish run the outlook has suddenly become grim. The rapid spread of the coronavirus has stock markets around the world on edge on monday some exchanges saw their steepest one day decline since 2015 today markets are continuing to slide in the u. S. And in europe the virus is rattling nerves. Thats a very serious thing but we think were in very good shape in the United States weve essentially close the borders to areas where we had to close them the. World Health Organization says the world should brace for a possible pandemic a situation where an Infectious Disease spreads easily
A lack of the freedom of the press and go rush who can afford to stay silent when it comes to the fans of the humans on the scene or microphones who have decided to put their trust in us. My name is jean paris and i work a deal. The spread of the coronavirus keeps driving down Global Financial markets wall street plunges for the 2nd straight day well look at which companies are losing investors in the few that are profiting. Also coming up facemasks cannot protect you from the new coronavirus but some Asian Countries have banned their exports of meat local demands and thats creating a problem for some hospitals in europe. This is your business report. Its good to have you with us Global Markets fell on tuesday for a 2nd straight day concerns over growing numbers of krona virus cases in europe and asia as well as new warnings in the u. S. Led to major sell off on wall street in particular the major indexes there each losing around 3 percent and the benchmark 10 year treasury note also h
Sure hope it z whidoes while we wait for that, the numbers hospitalized in china and the number that are released and die. Its going up to 20 of the nasdaq is up 2 that is where we should rollout our game plan for next week. First off, as you know, were closed for monday for president s day. China is very much open. I fear another awful set of statistics i dont know why more people arent investing in this they want people to go back to work they dont want to let people down so it cant be too discouraging. The whole world is hanging on the numbers. If this outbreak gode badly, it could turn into a crisis for the globe. Youll have executives fearing for their lives. Thats right, their very lives the infections will keep climbing and again, remember what i said from the very beginning. No one listened to me. Trust no numbers out of china. Dont trust them walmart reports. This comes with an Analyst Meeting this time. I heard a bunch of people predict this week that the quarter might be wea
Cool our road map begins with walmarts minimum wage hike. Raising starting wages to 11, handing out some onetime cash bonuses. Plus, bitcoin tumbles one of the worlds biggest cryptocurrency markets is considering a trading ban. And deltas tax boost the airline raising Earnings Guidance by 20 . First up, though, walmarts making moves in the wake of tax reform the Company Announcing it will increase its starting wage for hourly workers in the u. S. To 11 an hour beginning next month and pay a onetime cash bonus to eligible employees those with at least 20 years of service will qualify for a 1,000 bonus walmart also says it will expand maternity and paternal leave benefits not breaking down the numbers, but theres a good chance more than half of their million employees are going to benefit somehow in these bonuses this is unprecedented and i think its a lot to do with why the market keeps rallying i mean, largest private employer in the world thats doing this i mean, david, i know that yo