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Horrible overnight we dont suddenly doubt the entire edifice of a strong consumer only, only on halloween would anyone accept a trick that were about to go into recession because of weak numbers and more negative trade talk rather than the treat of good earnings and low Interest Rates on days like today when we get some soft manufacturing data, we do believe the worst is yet to come, something that may be exacerbated by the trade stalemate. The nasdaq was down 0. 14 . At one point the market was down far more than that i think its a big mistake to panic here and not just because no one ever made a dime panicking. See, the truth is nothing we heard today should come as much of a surprise to you if youre a watcher of the show. Thats because for months ive been telling you that we have two economies in this country. There is the consumer economy, which is red hot, as well hear later in the show when we talk to a couple of companies, ....
Keep crying all day. Well get through this. A week from black friday, a double dose of retail reality today with two big retail ceos. Apparel companying ipo today, up better than 40 . The ceo jill granoff is here with us. They left money on the table. I tell you. And Brendan Hoffman will be with us, operating 260 department stores. Looking forward to both of these interviews. When is it time to cry uncle . Bill ackman is down 500 million on his herbalife short position. Hes not down yet. Well ask a top investor when you need to say enough is enough and admit you were wrong. In the markets, lets take a look at wherer with we stand. The Dow Jones Industrial average up 0. 25 . We have been trending higher. Sitting around the highs of the day. Nasdaq composite showing gains. Technology doing well with the nasdaq up 20 points. At 3990. The s p 500 looks like this. Gain on t ....
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