David einhorn says it is putting inadequate and dangerous products on the road. Betty not one to mince words, David Einhorn. May be it is frustrating him overall because it is an example of the stocks that had been lifting the market that he has not been a part of because he is a value investor. I wanted to show a chart for our which showsbtv 440, you how much value stocks have lagged behind. More than half, in terms of growth over the last year, behind the growth stocks, the. N. G. s, the tech stocks. Buy into stocks like amazon and tesla not the boring old value stocks. Yvonne he is not the only Hedge Fund Manager that has been lamenting this. Is he waving the white flag too soon, given the rotation we saw . We did see more buying into the value stocks like the financials, theyre are up 15 in september alone. Going the other way. Perhaps he is speaking too soon breaking outelds to 2. 4 percent. Could be adding fuel to the fire in this bank rally. Betty i would be curious to hear what
What a deal could mean for the other chip stocks. Power lunch starts right now im Brian Sullivan the markets moving just enough today to give your investment dollars yet another new high, thanks to the saudi news oil is moving up again data is pushing Energy Stocks higher chevron and exxon among the dow leaders. We talked about Semiconductor Companies as well. It is fair to say that lately, it rocks sox at new alltime highs. Michael kors soaring, the fashion retailer beating earnings estimates and raising its outlook. More on that ahead and reports the Pharmaceutical Company may becoming a takeover target thank you very much im tyler mathieson. Welcome to power lunch. Target gearing up for the holiday season, announcing deeper black friday discounts and plans to open 6 00 p. M. To midnight on thanksgiving day i will be asleep staying with retail, amazon cutting prices of Third Party Products in the face of stiffer competition. And the new york fed present William Dudley plans to retire
Industrial average at levels in excess of 17,000 now. Here is zeb eckert. At stake a look at the numbers. It was a banner session on wall street. We saw gains for the dow as you said, pushing above 17,000. Initial indications across the asiapacific are that stocks are advancing. Certainly what we are seeing in markets that are now open including malaysia as well as singapore. Taiwan starting with a higher open. The trading day continues in australia and new zealand. Gains of about 0. 75 . Kospi index, a minor downside. Call it flat, really. We are watching that as well as the currencies. The japanese yen pretty much unchanged today. We did see the selling earlier. Investors take riskier bets in the equity market, not necessarily looking at safe havens. Lets take a look at what happened overnight on wall street. Dow jones industrial average moving above 17,000 for the first time. Also hovering 500 at records. Europe did especially well yesterday. The dax is about 10,000 as well. Give me
And we begin this hour with our special series on chinas National Peoples congress. The people of china are facing many changes, including slowing Economic Growth. President xi jinping is asking them not to worry too much about these developments describing them as the new normal. Xi is also proposing new policies to tackle various issues. On thursday chinas National Peoples congress will open to discuss the direction of the countrys policies in the upcoming year. Newsline will bring you details of the event in our threeday series. Chinas top political advisory body has started its annual meeting ahead of the National Peoples congress. Its chairman pledged to continue the current crackdown on corruption. The National Committee of the chinese peoples political Consultative Conference convened in the great hall of the people in beijing on tuesday. Its membership includes representatives of groups other than the communist party. President xi and other Party Leaders attended the opening se
The CCP’s reversion to hard-line neo-Maoist totalitarianism with all its negative implications for science and innovation is usually attributed to the rise of Xi Jinping. Xi is certainly dragging China back to the Maoist dark ages in many respects.