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Plus a mega deal in the oil industry. Chevron is buying hess. Were going to have the ceos of both Companies Joining us here at post nine momentarily. And one of apples largest suppliers, foxconn, reportedly being investigated by authorities in china. They are said to be conducting tax audit inspections and revving land use of foxconn subsidiaries. That is pressuring sales of apple a bit as we get started with trading 29 minutes from now. Carl . Actually, im going to send it to myself. Thank you, carl. We do start not with the markets itself but with that major deal in the energy sector. Chevron agreeing to acquire hess. Its an all stock transaction, valued at 171 a share before before we see chevron trade this morning. The ratio, 1. 025 shares of chevron and again were going to be speaking to both the gentlemen behind that deal very shortly. Jim, it follows, of course, exxon and pioneer. I am told, however, these two were talki ....
Like rwanda. Hs2. The Prime Minister is going to effectively say in his speech today, its not going to happen. That link from london to manchester. The mayor of Greater Manchester, andy burnham, says cancelling it will tell the people north of england people in the north of england theyre class citizens theyre second class citizens when transport theyre second class citizens when belief transport theyre second class citizens when belief in transport theyre second class citizens when belief in some ort theyre second class citizens when belief in some ways that beggars belief in some ways that they are about to do this, to pull that plug here in manchester would show complete contempt for the people of this city, region and of the north of england as a whole. More strikes today is the first ever joint strike action by rail workers and the train drivers. Junior doctors and h ....
The u. S. Rating. No surprise there. History in the making President Biden would become the first sitting president to visit a piblt line hes planning to join strikers as those workers of the big three hit 12 days of walking out on their jobs. Lets begin with the markets on track for a lower open on this tuesday jim, youve been watching yields, of course. You commented this morning about the 20year in particular. Yeah. I think weave been going toward ive been saying this to club members a lets just say the opposite of an inverted yield curve t inverted is what im calling it youve got 4. 8, a 5. 3. What i think can happen is on the 20year you can usually get 6. Lets say Neel Kashkari is right, one hike. Then you have no more inverted yield curve. The problem is that when i go over stocks, locking in a 4. 8 is considered to be really pretty terrific. Its not bad. Its not bad. 4 ....
Stocks are in the red, at least no now do you as much as check out movers, underarmour, soaring, earnings estimate were met blue apron rallying. And wayfair hitting new alltime highs. Climbsing about 6 in that time. All right. For more on the markets, le ate go to the New York Stock Exchange and check in with bob pisani bob . Tyler, 111 points in the dow, used to be big news a few weeks ago, but not anymore were starting to settle down. Im not saying its over yet advancing to declining stocks. The volume, surprising below average from what weve seen in the last few weeks, volatility is moving in a much narrower range. Trying to find some footings sectors, well, the market leaders used to be slightly to the down side. Banking are fractionally positive consumer staples, defensive group has generally been stronger all day here. Finally were following as interesting story from an anonymous whistleblower who has written a lett ....
167 points nasdaq lost. 52 do you use this weakness to take a swing . Or do you recognize we are up so much that it is too late to take a profit or it is not too late it is hard to figure but lets do it together lets figure together. You have been waiting for a pullback to do some buying i am going to right now, this is your moment i think we can get through it okay i bet there will be some damage and you know what, that damage is your first chance for longterm investors to buy into weakness this year and i am telling you, i want you to take it i am recommending any additional pullback to put money in an index fund that mirrors the market i would put a little bit each day. This is a full crom week when we get a dip, that is your chance to put retirement money to work. We have had a market that is going straight up. I dont think the odds favor another leg up at this moment. We are far more vulnerable to let down not that we are coming into this morning session because selling begets sel ....