Billion market mystery thats how much facebook added in market cap today. The reason not entirely clear many pointing to the launch of reels, the answer to tiktok. We should point out that news was out yesterday morning. Facebook shares today surged 6 to a new alltime high so guy, whats your take on this move well, i have no idea why it moved like this. Id be lying if i said i had an answer i will give credit to karen because shes been on this something we said, you go back to the middle of june. I remember this when rei, north face, patagonia came out and said they were pulling their ads for a month. I remember saying youve got to pull the rip cord on this. Theyre the first but theyre not going to be the last that proved to be correct. On june 26th, the stock traded down to 207, cratered and then closed higher on the day something we said is and ill say it again, theres nothing about facebook i like in terms of the platform and ill continue to say that this reversal tells you all you
And clouds as Steve Paulson has been telling us all morning long, nice, cooler weather. And sometimes it makes comfort foods even more appetizing we are celebrating one of americas favorite comfort foods today, National Mac Cheese day. In honor of the occasion there are Companies Offering special deals on twitter and stauffer is offering 10 lucky winners 10 free mac cheese products, check out their giveaway treat and noodles and company is offering awards members of free small bowl of mac cheese with the purchase of any regular entrce. Mike i will start with you, during this pandemic and even before mac cheese is a staple in the household and it is good comfort food. Kids usually like it, i know you are picky eater so are you a fan . Yeah i am definitely a picky eater though i have been opening up my palate more. I will say this, we have the craft mac cheese and they come in the many bowls and you put water and like a minute 30 in the microwave, they will not always finish them and ill
Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very negative on the president. Bolton says that everything he does is geared to his reelection and that includes shifting
Im francis rivera. And im phillip we begin with the breaking news. Iran striking back for the death of win of its most powerful figures Qasem Soleimani last night they launched two military bases in iraq. This is the moment they struck, it is not confirmed by u. S. Officials. [ speaking Foreign Language ]. [ speaking Foreign Language ]. All right as you can see, its pitch black. So its really hard to see the full extent of the damage but you can hear just how loud that blast was. At this point its unclear if there were any american casualties and at the white house the president tweeted all is well and theyre assessing the damage all eyes will be on him this joining from beirut is chris, its daylight there where you are, what have you learned this morning . Well, so far were hearing there are no confirmed u. S. Casualties an the Iraqi Military said there were no iraqi casualties these were in Northern Iraq and one in anwar province about 200 miles from the Iranian Border now these were
Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne