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Yet I bet you hosting no seen any direct correlation between offshore mining bitcoin and your ROI, precisely offshore for dollar for dollar. Tom Hanks is hideous chart Ben Bradlee. For me, I emptied out chart entire savings account over the past 3 months hosting crypto investments. Apple earnings are alright, not having record iPhone sales is surprising. Richard Bitcoin on Wednesday's Halftime Report called the tax package "a huge boost.
Senate Democratic Leader Chuck Schumer has proposed a shorter stop-gap measure, lasting just four or five days, to be used as a hard deadline on an agreement on government spending levels and the Deferred Action for Childhood Arrivals program known as DACA. This is how you get rich. While Donald Trump cuts our corporate taxes, Apple and Facebook are raising our psychic levy. February 1, , 7: But the big "euphoria" is still to come, perhaps years away.
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I fully expect as cryptos go mainstream the marketcap will reach Bitcoin within chart couple years, maybe even 1 trillion. Obviously offshore majority of these would be worthless. Texas Land Commissioner George P. I think a hosting of people is feeling this way. Do you pay any attention to technical analysis at all?
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I think you may be able to sign up for whitelists maybe for these. If Centra can get good videos of real users using the cards before the ICO and release some solid hype-building info, it may do well right out of the gate. When one of them does well like OMG or Tenx or MOnaco , it makes investors eager to look for something similar that may also do the same. So I can see a lot of investors jumping into Centra, especially if the card is released in the USA as promised and videos get out from users.
So the market is still open for a better competitor to come out with a bang and steal the market. Sorry, I had one more question. When you buy altcoins, do you store them on the exchange or move them to cold storage?
From what I have read, I can see that you can store Bitcoin, Ethereum, Litecoin and a few others on cold storage devices. But what about other altcoins? I can see that you hold more than half a million dollars worth of BQX. Do you just leave that on Bittrex? Gox and other exchanges encountered? Buy a Nano Ledger S. You can store Bitcoin, Ethereum, and Ethereum-based tokens which is now, most of the coins out there on it.
A hardware wallet is a MUST and the safest way to hold your coins. Hey Ben, I am new to this wallet thing. If I have money on exchanges, does it charge fee to move it to my cold storage? Also, how does Binance exchange, Nano S and my etherwallet work together? Also, I hear that Nano S only support 5 coins. Only the fee for sending the crypto ammount which is what you would pay anyways.
Not MEW or anyone else. If your key is compromised, so is your wallet. The keys are in the open though and completely relient on you storing them and protecting them. You can lose them, have a virus steal them, log into a bad website and get malware that can then steal your key, get tricked by fake MEW websites into puttin in your key, etc. The ledger has your private keys stored on the device, secured on the device. So your key is safe. The nano itself has wallet apps that store non-eth tokens like ripple, stratis, dash, ltc, btc.
But if you want to store ethereum tokens, you have to use the MEW and the ledger. Hello, first i want to thank you for your time telling us this information to us!
Maybe you can help me and also other people by sharing easiest way to earn atleast dollars a month. Because i tried a lot of things and faild every one of them by far… and i just need to believe in online money making first to make some big figures that you are tallking about.
I think a lot of people is feeling this way. So maybe some quick tips? Thank you, we love you! Thanks for the comment. Hey Ben, its been a couple months since I read and commented on this article. Have you been able to make any more millions? Wow, what a fantastic article.
You give so much value. The best part is that you are so specific. No general fluff talk, no you name the coins that you are investing and why they are a good investment.
I would really like if you continue to write about cryptos. Please continue writing about cryptos and teach us how we can select a winning coin.
If we could create a checklist for investing in cryptos, that would be fantastic. Criteria Assessment Team is it famous, etc. Another interesing point is where to get the ideas for upcoming ICOs.
Where did you find your next ideas for investing? Once again, thanks a lot for the fanatic article. This is inspiring and educational at the same time. This is the kind of article that I love the most.
I had a question — I want to buy Cryptocurrency and keep it for one or two years —? Which are you proposing for profit? Almost all of them are pie-in-the-sky fantasy dreams with no hope of actually working.
I do suspect that once the market fervor settles down and people begin to realize that most of the so called projects that have raised ridiculous millions with nothing tangible produced, there will be a significant correction. Currently, bitcoin does something like under 5 transactions per second. Etherum does between 10 to 15 transactions per second. Any significant load on the system pretty much collapses the speed. Any real world use of a blockchain would require thousands of transactions per second.
There is NO WAY any blockchain solution can be used in the real world by real users without a blockchain platform increasing transaction speeds by an order of magnitude. There are proposed solutions. Ethereum is going to implement Plasma or Sharding to scale transactions, but this is between 3 to 5 years away. There are other tech such as Raiden which are opting to use side chains bring transactions off the blockchain but use the blockchain to verify the transactions.
However, one blockchain has already, in part, solved the scalability problem by implementing Sharding years ahead of any other chain. This is Zilliqa Zilliqa. Another problem with blockchain is there are so many of them and the values of each are sealed on little blockchain islands, unable to communicate with each other.
This is like how it was before the internet when there were just clusters of private networks unable to communicate. The next generation of blockchain 3rd gen is interoperability — the internet of blockchains. That is a blockchain that functions as a protocal that allows all blockchains to talk to each other. Think of this — you can send a bitcoin transaction which will then talk to ethereum which will then talk to neo, and so on. Value and information can transfer between chains.
There are a few projects dealing with this, but we are 2 years away: So back to your question — for the long term, you need a crypto that looks to be solving something REAL, not some stupid promise or ERC20 tolken that has no purpose. Please remember that pigs get rich and hogs get slaughtered. Please take some profits and diversify into precious metals and income-producing real estate. Having all of your eggs in one basket is a recipe for disaster.
Hi Ben , Thank you for sharing this. I would like to ask a different and more realistic question. As we know in every market in order for sellers to exist there must also exist buyers and vice versa. Will I be able to convert my crypto into dollars without any restriction or problem? Will there always be a buyer for my cryptos? Or If I was left behind, there would be no way no convert them, so I should just stick with them and take me wherever it wants to?
What your thoughts would be and what your next move would be? I would love to read your thoughts. I hope my point was clear. Of course you are hoping Tether, which is backed by Bitfinex, does not evaporate. However, this means you need to likely verify your account with the exchanges to prove your identity and show you are not doing anything shady. These days, it can be rigorous.
You will have to show your passport, a selfie holding your ID, utility bills showing your address. And in some cases especially if you are using an exchange to buy bitcoin with money you transfer via wire from your bank , you may need to explain WHERE your money comes from and show prove of it via paystubs, tax statements, etc. In terms of cryptos failing — anything is possible. However, it could crash down in value quite a bit, depending. They been working in silence and growing well with no marketing at all.
I feel like this could be a x — x ROI for the next years. Cryptocurrencies are so interesting… Thanks for this article. How would you invest if you were a college student and had less than 1k to invest with? The most optimal way to capitalise fast with such small budget to reinvest after? Thanks and I wish you all the best for Your best bet with a low sum is to look at an ALT coin that is likely to give a good multiple.
This is a great return, but you can get exponentially better returns putting it into a crypto that goes 10x,20x,30x,50x,x, etc. This can give you staggeringly good returns as you get the coin the cheapest price. Ben, what do you think about IOTA coin? Would it be worth to invest in your opinion?
I think I will write some articles about how to guide your investment strategy. I believe you should invest based on technology themes. That is, you want to choose a crypto early on that is doing something disruptive in the crypto space. These are usually blockchain platforms or protocals. IOTA is one such tech that aims to provide an alternative to blockchain. I personally love investing in 2. I need to write some articles to talk about this.
But blockchain has some fundamental problems right now that MUST be solved before blockchain can actually be used for real world applications in the mainstream. They could never handle the transactions per second that any real-world application with more than a few thousand people would require. There are some interesting cryptocurrencies that are trying to solve the scalability problem. The crypto that solves this first could become a huge player in the space. Ethereum and Bitcoin are trying to but they are years away likely.
That is before there was a protocol that allowed small networks and clusters of computers scattered across the world usually at universities to communicate. Positioning yourself early here by investing in new blockchain projects that are trying to solve this could make you rich in time as these blockchains, if they succeed, would be essential the entire crypto space and would be valued in the billions. This is vital and we need a solution. I would classify this as a 4 on my little list.
They are years away from doing anything practical yet, to be honest, but the hype here is real with this coin. I myself have something like 12, IOTA coins right now.
Came across your article and all the comments and replies. Truly invaluable and going to read this more than once. This to me looks good and could be worth a good amount if getting them cheap enough at this moment about. Electroneum — there is no real use for this coin. Can you make some money on it based on the crypto mania and stupid money pouring in? So no, I would never invest in this. Put into real projects that solve or attempt to solve real problems. I personally only invest into blockchains, either as infrastructures platform blockchains that run applications or protocols.
Hey i had a question about cashing out your profits. If you were to do so what would be your preferred method? Depositing anything over 10k will raise red flags and any recurring deposits into your bank account will be seen as structuring. Is there a way you can sustain your wealth in fiat so you can use it in practical everyday life without giving half of it away to the IRS or are you just planning on keeping the crypto and hoping it becomes a currency to be applied to purchases in everyday life?
I keep all crypto at this point. Or you can use localbitcoins. Or you can set up a proper offshore structure by incorporating in a no capital gains tax country such as Hong Kong or Belize and setting an offshore account in one of these countries.
You may even want to consider moving to live in one of these countries to free yourself from having to pay any personal taxes. See my How to Pay No Tax article for more info.
Sounds like they have almost solved Etherium scalability issues and this is going to be big. Raiden is a promising project that promises to solve the transaction speed problem with Ethereum. However there ae a lot of whales that control the coin right now and tend to dump it. The project is also years away from actually implementing their platform, so this one is a long hold.
The project is already x ICO price, but I expect it could go 3 to 10x more than it is, in time. I know you are not offering advice but I would love to know if you are willing to share knowing I am doing my own due diligence before I invest in anything.
There are a number of ICO shillers on youtube who love to pump and dump to their flock. There are various facebook groups, slacks groups, and websites. Consort with some of these and filter your picks or come up with an investment strategy and choose based off this.
I recently made a few million on ICON, for example. I also believe you are responsible to do your own research and figure out the winners on your own merit and not rely on other people to hand it out to you and in crypto, you can bet these people are usually not being honest. Cardano is a very good coin, one that seeks to dethrone Ethereum in time.
However, Cardano, hype aside Korea pumped the shit out of it from mill to 12 billion market cap , Cardano is years away from delivering much of anything. Can it pump higher based on this? If they do what they promise, it could really be a rival to ethereum. But you are looking at a long term hold. This is going to be massive over I can see it reaching 15 to 50 billion by the end of , making a go for the top 5 spot. Ben, Thx for your reply. I want people to do their own work here not get handed out easy win picks.
You need to struggle a bit here. Sit on it for 6 months to 1 year. It is destined to be a top 5 coin within 12 months and I predict the market cap will be anywhere between 20 to billion by the end of This will be hitting exchanges in 2 weeks, but sell your house and get your buy orders in and hope you can get it cheap at x ETH ICO price. Huge returns here with a working platform already that solves one of the biggest problems with blockchain and ethereum by offering a scaling solution right now.
I expect this to be a top 20 coin very soon after coming out. Get in early as soon as it hit the exchanges. These are some very very good picks to buy and hold for 6 month to a year. Short of a complete market collapse within that period of time, you do very well buying huge amounts of these and holding.
You got the percentage wrong. Really good article BTW, great read for someone starting out. Happy holidays and new year, hope to see more like this. Ben, what websites do you get you news or research about cyptocurrencies?.. I am asking because I am amazed about how you know what the coins are used for.
If you want to be successful with Crypto, you need to live it and breathe it. Just randomly tossing your money into a coin especially a low cap coin or even worse, an ICO is a recipe for disaster. For example, Blockchain Platforms always give out far better returns than do the hord of dApp coins, most of which are years away from being realized in the marketplace. Because these are the foundation on which dApps can be built and the infrastructure projects are still in flux and being created to support workable dApps.
People are betting big on the winning blockchains that will emerge over the next 5 years — and to the winner will go all the spoils of marketcap. A recent example was ICON. I knew from connections and research that this would be a huge hit, months ago and I positioned myself in a presale with a fairly big buy at that time.
And that single move has made me at least 3 million USD, and likely to be worth 10 mill to 30 million over the next 3 months to 6 months. Then you become wealthy. Merry Christmas and thanks for all the information and advice! You mention doing due diligence which I want to do and I was just wondering what specifically will tell you when a coin is or is not a blockchain or protocol not sure what that is exactly.
Do they tell you outright or is there some special sign? Thanks again, Happy Holidays! You have to read the whitepaper and find out what the coin is about.
I saved about thousand over the last 10 years and I think it is promising too. This is most of my savings so I just was wondering how sure you are about this coin.
Thank you so much. I also hold over 3 million USD of it so I will be biased here. As cryptocurrenciess go, there are few stronger and with more potentential than ICON right now.
Their mainnet goes live end of January which will explode the price up. It will be a divine mandate to buy their own cryptocurrency. And they have a slew of announcements and big partnerships coming up, likely to go public right around the mainnet launch end of jan. I can easily see the price hitting USD over the next couple months and by end of Thank you so much for your input Ben. But I read everythingl including each one of the questions and your responses..
I really appreciate people like you taking the time and dedicating yourself to well thought out thourough answers.. Im already heavily invest with great returns not quite at your level — YET! Do you discard coins that are on extremely weird exhcanges? These kinds of things if any.. From this I can go one and find my own future winners.. Glad you like the content. These questions have to be answered with a proper post, not in the comment section. You want to look at similar cryptos already out to see what market cap those are.
Beyond this, you then need to get a feel for the hype behind the coin. If you get a coin early enough, the community and hype may just be building. More risk, but more reward.
I believe in finding the potential big hype coins way early before anyone talks about them. You want to be on the train early, not running to catch up after it leaves, which describes most new crypto investors. You also need to look at the market trends and crypto in general and make your investment into cryptos based on how you think things will be going you can read trends by looking to see what specific kinds of coins have been rocketing the past few months, for example.
You also need to look at blockchain tech itself and see what fundemental problems that need to be solved before it can be a useful in the main stream world, then place your long term bets on the best coins that attempt to solve these problems because they MUST be solved for mainstream adoption of blockchain tech.
And you have to devote most of your time to living and breathing crypto to develope the instincts for feeling what may take off. A sort of second sense you can follow that turns out right more than it is wrong. I need to write a full article on some of this stuff as I keep getting these questions. Love reading your posts. Very helpful and informative. What is on your opinion on XPR ripple? I have some of those, I bought at 19 cents.
The founders also own like 60 percent of all the tokens. Having said that, it probably will hit 4 to 10 dollars by the end of this year. What website or resouces you recommend to use to research what ICOs to invest? Any suggestions on what could be potentially good ICOs that is worth looking into? You can either become a millionaire or lose everything.
And likely, both may happen if you do enough of them. However, for me they represent the most opportunity right now. You need to do the work to be in early when you locate one with this sort of potential and bet big on it, even if it means your savings. This is how you get rich. If you do what the crowd does, you will generally lose as it will be too late.
You need to be in early. I would look into those. Maybe on this site or another site of mine that focuses on crypto. I cant find any information on Trinity expect for the article claiming that it was a scam lol Unless that was a different project. There is no ICO right now, just the presale collecting money. Not sure when the ICO drops a week or 2? Probably will close out during presale. This would be the one: Totally amazed for the kind of insight you provided to the beginners like me.
Especially when your article predicted around Aug 17 that all these values are gonna up 2X,3X,4X etc. No wonder your investments skyrocketed as you predicted…. You are an inspiration to us! Mr Ben what do you think about Tron?
I have put dollars into it and am shaking everyday about it maybe failing? Please tell me what you think? I tried to get into the ICO months ago but failed. Likely in this market it will keep going up. Good team and strong leader.
However, I would not keep all my assets in tron. Lamden ICO is over as of today, I was able to get some at crowdsale. Dadi is still coming up. Dadi will moon hard. I should have done the presale, but did not. I heard it sold out. Lamden is getting a lot of hype, worth putting in. But on the hype alone, in this market, I would say yes. Are you sure about that? I just registered myself for presale of Dadi which starts January 22nd. Or am I missing something?
Ben, also from my side much appreciation for sharing all this info — its absolutely awesome that you do it so generously. Dadi is a pure scam. It also looks like they have a history of creating and burning companies. I never bothered to do the presale or get a whitelist myself. Ben, glad that I asked this here. These guys were looking so professional with all the long whitepapers and extensive github repo. The discussion above was for me a red flag tho. I read the tweets — astonishing, how they straight out scam people.
Another hint why one needs to be wary in this space. Yea, I heard about Dadi a while and because Bluzelle is getting hype, I knew Dadi would probably do well, regardless of how solid the team was. Which will have regulation come down sooner than later. Presale for the 22nd is over, Public sale for the 29th is still on. But as Ben said they got caught! Yea, fuck those guys. They should be in jail. They said one of them was sold to the Publicis group, and the others were dormant companies created to protect potential brands.
That was Dadi CEO response. And they said they are all searchable and a matter of public record and those companies did not trade.
I dont know, seems scammy, huh Ben? Read the twitter Ben posted. They did look super professinal before they were exposed.
The number of red flags is through the roof. Trusting people dishonest in one regard and thinking that they will be honest in other is dangerously naive.
There are legit projects to invest in that you can find. Why dump money into a shit scammy project that will crash and burn when the market turns. Invest in projects that can stay around , regardless of the market. Think long term, not short term. Ben, what are the legit projects though? I spend hours every day to research, I am on multiple channels on telegram, twitter, fb, icobench, etc.
Ontology is the one that seems like still is coming up and MoxyOne and Hirematch. Not sure about Hirematch though as are we really ready for that.
Best you can do is buy asap the second they drop into the exchanges. Best you can do is to get some ammo to participate in presale if you can get 50kk together, or see if you can join some exclusive pool group but be careful, some steal your money. Hey Ben, have you heard about Neuromation? Basically, the idea is to provide synthetic AI data sets as a service that can be used in various industries. What do you think about those AI platforms? Public sale starts Jan 7th. I think on a practical level of adoption and actual use case, pie in the sky.
To even be practical, blockchain tech needs to solve 1 scalability and 2 interoperability. The ruling stems from a lawsuit filed by tenants last year alleging Westminster charges excessive and illegal rent for apartments in the state. The lawsuit seeks class-action status for tenants in 17 apartment complexes owned by the company.
Westminster has said it has broken no laws and denies the charges. Congressional Democrats quickly seized on the report to accuse Trump of what they say is obstruction of justice, and Blumenthal responded to the report by calling for the Senate to take up bills aimed at protecting Mueller from being fired by Trump.
Typical New York Times. Its not fake news and as i have been telling you odds are Trump wil be impeached. DUBAI—Saudi authorities on Saturday released billionaire Prince al-Waleed bin Talal, people familiar with the matter said, more than two months after he was detained in a widespread crackdown on corruption in the kingdom. Prince al-Waleed is already at his house in Riyadh and is expected to resume his business activities as normal, two people said.
Prince al-Waleed is someone Crown Prince Salaman feared. I can tell you sources told that Wall Street came to al-Waleed rescue. To his credit he held out knowing his cousin cold not stand the bad publicity. Trump retorted dismissively when asked about it by reporters at the World Economic Forum in Davos, Switzerland.
The reports, first by the Times and then others, said Mr. Trump pressed the issue. After the news came out Thursday night, Democratic Sen. Mark Warner of Virginia quickly accused Mr. Warner is the ranking Democrat on the Senate intelligence committee. But Republicans were quick to dismiss the report, pointing out that Mueller had not actually been fired. At the same time, others saw the alleged Mr. Trump order as part of a pattern of obstruction that could be pressed by Mueller, disrupting or even dooming Mr.
Trump and his campaign. Mueller was appointed special counsel by Rod Rosenstein, the deputy attorney general, after Attorney General Jeff Sessions stepped aside because of his own close involvement with the Trump campaign. This could be part of an obstruction case against Mr. John Dowd, one of Mr. An additional 28 people affiliated with the Trump campaign have been interviewed by either the special counsel or congressional committees probing Russian election meddling.
Why would this be any different? In Congress, Democrats have been quick to exploit the report. Trump surrounded himself with new lawyers. Since then, his public demeanor toward Mueller has changed. Lindsey Graham and Thom Tillis introduced legislation that would protect the special counsel.
Trump has softened his public criticism of Mueller, White House officials say over and over that he has nothing to hide, and his lawyers have signaled they are cooperating, too. This week, the president declared he was eager to do it — and under oath. Trump said when asked by reporters.
No interview has been agreed to, all sides agreed. The story of Mr. Even some homeowners who were insured and got FEMA help have struggled financially because it took months to process their claims. In July, the month before Harvey came ashore as a Category 4 hurricane and battered the Texas coast and low-lying Houston farther inland, 5. By December, those figures had jumped to 7. Lerma got one from his lender. Foreclosures are down across the country and in FEMA-declared disaster areas hard hit by hurricanes, including in Texas, Florida, and Puerto Rico, they have held constant due in part to mortgage forbearances, according to Black Knight.
Amir Befroui, an attorney for the Foreclosure Prevention Project with Lone Star Legal Aid in Houston, said that although the forbearances have helped, he still expects a wave of foreclosures. Groves said she was declined for a loan. Blackburn paid his mortgage and other bills but had to get help from family and friends, which he said was humbling.
He is now on more stable financial ground because his insurance payment was recently finalized. Texas Land Commissioner George P. Yet, he remains hopeful. As we warned the day the hurricane hit a wave of foreclosures are coming! Agha, who helped lead previous talks on behalf of Abbas, related the alleged details of the talk to PA officials, Maariv reported.
According to Kerry, Trump will not remain in office for a long time. It was reported that Kerry said that within a year there was a good chance that Trump would not be in the White House. I would be very, very surprised if a former secretary of state, a former U. The second, geopolitical landscape, has also been supportive. But the third leg, investor positioning, is the one that looks wobbly to Keenan.
Hedge funds recently raised their net long positions in crude and petroleum products to records, according to Reuters. The most obvious catalyst is a short-term drop in demand for crude oil as refineries throttle back activity for seasonal maintenance, says Keenan.
Demand for refined products, which include home heating fuel, should also ease as the United States emerges from a cold spell. The president wants the Senate to draft legislation based on his blueprint and introduce it by Feb. But the day-old plan is already taking heavy fire from both the right and the left. Conservative outside groups, members of the House Freedom Caucus and other vocal immigration hard-liners all panned the White House plan, saying providing a path to citizenship for 1.
Steve King R-Iowa , an immigration hawk, tweeted Friday. But the White House proposal goes too far for Beck. The dollar earlier had hit a three-week low on comments Mnuchin made Wednesday that the soft greenback would be better for the United States.
Since then, he and President Donald Trump have said those remarks were taken out of context. However, comments from the president and Treasury secretary did little to boost the dollar. In early trading, the currency was down about 0. Trump himself has said in the past that he prefers a weak greenback. For his part, the Treasury secretary repeated that he is not trying to influence the currency markets. The economy grew 2. And inventories are high: Businesses still have a lot of products sitting on shelves in back rooms.
That tends to ebb and flow every six months or so. For the final three months, the economy grew at a 2. Trump and other Republicans sold their tax cut last year by saying it would create jobs and boost growth even more. The administration announced tariffs this week on imported washing machines and solar panels, a move seen by some experts as a harbinger of tariffs on other things, like steel and aluminum. Experts say that if Trump takes drastic, protectionist steps on trade, it will hurt economic growth by raising consumer prices and cooling spending.
World equity markets have rallied over the past year, buoyed by a synchronized uptick in global economic growth in a boon to corporate profits and stock valuations.
Trump said on Thursday he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier. Draghi also warned that the surge in the euro was a source of uncertainty and said the ECB might have to review strategy if U. President Donald Trump last June ordered Special Counsel Robert Mueller fired but backed down after the White House counsel threatened to resign rather than follow his directive, The New York Times reported on Thursday, citing four people told of the matter.
White House lawyers and press officials did not immediately reply to Reuters requests for comment. Mueller, who is investigating allegations of Russian meddling in the U. Amid media reports that Mueller was looking into a possible obstruction case, Trump argued that the former Federal Bureau of Investigation director had three conflicts of interest that disqualified him from overseeing the probe, two of the people said, according to the Times report.
First, Trump said that a dispute years ago over fees at Trump National Golf Club in Sterling, Virginia, had led Mueller to resign his membership, the newspaper reported. Trump also said Mueller had been interviewed to return as the director of the Federal Bureau of Investigation the day before he was appointed special counsel in May, the Times reported, citing the two people.
White House counsel Donald McGahn said he would quit rather than follow through on the order to fire Mueller, the Times reported, citing the people.
McGahn also told White House officials that Trump would not follow through on the dismissal on his own, and the president then backed off his demand, according to the people, who the Times said spoke on condition of anonymity because they did not want to be identified discussing a continuing investigation.
Russia has denied any meddling and Trump has denied any collusion. Major differences remain to be settled ahead of the end-March deadline. The administration of U.
President Donald Trump, which has repeatedly threatened to walk away from the pact, wants more North American content in autos and is pressing for a sunset clause that would allow one party to pull out of the treaty after five years.
Trade groups representing automakers and auto parts manufacturers say the U. Canada suggests North American content would be higher if the value of software and other high-tech equipment made on the continent were taken into account.
The Commerce Department said on Thursday new home sales declined 9. The percentage decrease was the largest since August New home sales, which are drawn from permits, are volatile on a month-to-month basis. Sales fell 10 percent in the Midwest last month. A strong labor market, which is near full employment, has unleashed demand for housing that has not been matched with an increase in supply. As a result, house price inflation has outpaced wage growth, pricing some first-time home buyers out of the market.
A report on Wednesday showed sales of previously owned homes declined 3. He was speaking after U. Treasury Secretary Steven Mnuchin this week said he welcomed a weak dollar because it was good for U. That sentiment sent the euro to three-year highs against the dollar. Striking a moderately dovish tone, Draghi also pushed back on rate hike expectations, arguing there was almost no chance of a move this year, even as some investors were betting on a rise as early as December.
Having bought more than 2 trillion euros worth of bonds over the past three years, the ECB has almost single-handedly depressed borrowing costs in the euro zone to kick start growth and lift prices. In other words, while the greenback decline might make U. More specifically, Dalio said a weakened dollar would: On Thursday he tried to elaborate on his position, noting that the administration still backs a strong dollar in the long term.
However, the dollar fell against its global competitors both days, reaching a month low Thursday, and is down more than 11 percent over the past 12 months. President Donald Trump himself has said that a weak dollar is preferable for the U. We can confirm that there were four US citizens killed and two injured. We offer our deepest condolences to the families and friends of those who were killed and wish for the speedy recovery of those wounded.
A person familiar with the fundraising effort said this week that the company has stopped trying to raise money from wealthy Chinese to help pay for One Journal Square, a planned story residential, retail and office complex in Jersey City, New Jersey, just across the Hudson River from lower Manhattan.
The person was not authorised to discuss the matter publicly and spoke to Associated Press on condition of anonymity. The Jersey City project is just one of several by the Kushner family company, but it has been thrown in the spotlight as a test of whether the people close to Trump are profiting from his presidency. Kushner Companies and KABR Group had previously raised tens of millions under the programme for another project in Jersey City along its thriving waterfront section.
Federal prosecutors in Brooklyn reportedly subpoenaed documents from the Kushner Companies last year about its EB-5 financing.
Berkshire was not immediately available for comment. The sharp decline in the airline sector started after United Airlines executives outlined an aggressive expansion plan that outpaced economic growth and that of some competitors.
The plan aimed to gain the confidence of investors that the airline could expand its profit margin and increase revenue, but instead stoked fears of low fares and higher costs. United shares fell more than 11 percent on Wednesday, while American lost 6 percent and Southwest and Delta each shed around 5 percent. In late , Berkshire revealed a surprise bet on the sector, which Buffett had previously shunned.
Years of post-bankruptcy consolidation among carriers and a decline in fuel prices has helped airlines rake in record profits in recent years. Investors will next focus on American Airlines and several of its competitors, including JetBlue and Southwest, which are scheduled to report their quarterly profits on Thursday morning. Trump arrived in Zurich ahead of schedule and immediately boarded a U.
The approximately minute trip took Trump over a snowy countryside dotted with houses, frosted mountains and a glistening lake. As Trump got off the helicopter, he gestured to aides who held him by the arms as he walked to his waiting car.
His decision to sign new tariffs boosting American manufacturers this week has prompted fresh concerns about his nationalist tendencies. You have plenty of money. Commerce Secretary Wilbur Ross argued that new U. Still, Ross conceded that China could respond by imposing its own tariffs on U. The president has criticized global pacts, withdrawing from the Trans-Pacific Partnership on trade, demanding changes to the North American Free Trade Agreement and announcing his intent to exit the Paris climate accord.
The Dow Jones industrial average gained points. The Nasdaq composite advanced 0. Shares of Caterpillar rose as much as 2. Celgene and McCormick also reported better-than-forecast quarterly earnings and sales. Of the companies that have reported quarterly results, 77 percent have beaten earnings expectations, while 79 percent have surpassed revenue estimates, according to FactSet. Investors in the U. The euro shot up 0. On Thursday, it fell 0. A roll-over in tech stocks, valuation concerns and worries about protectionist U.
The Senate Banking Committee will hold a hearing on the topic on Thursday. Those factors include whether information about Americans, such as Social Security numbers, would be exposed as part of the transaction or whether the deal would facilitate fraud. CFIUS already has a reputation for being tough on high-tech deals involving China in particular and has blocked transactions that involve sophisticated semiconductors.
It has become more cautious since President Donald Trump was inaugurated a year ago amid growing political and economic tensions between the United States and China. The panel has balked at approving a broader range of deals from China since the inauguration, according to lawyers who specialize in representing proposed transactions to the board.
But in reality this is creeping protectionism. Government wants to decide upon, approve and control and in reality stop foreign investment…. After al this is a man that wants to build the Berlin Wall of America.
The euro was 0. This after the dollar saw its biggest one-day drop in 10 months Wednesday — after Treasury Secretary Steven Mnuchin said a weaker greenback is good for the U. A weaker dollar could jeopardize European exports as U. In the last two years the euro has risen by around 14 percent against the dollar. This is some crazy shit.
And no way do you want a weak currency. In essence you are making your people poorer! Cobb said Trump emphasized that he remained committed to cooperating with the investigation and looked forward to speaking with Mueller. Sources told Reuters that senior U.
Trump on Wednesday denied a Washington Post report that last year he had asked then-acting FBI Director Andrew McCabe whom he had voted for in , which according to reports, left McCabe concerned about civil servants being interrogated about their political leanings. S Treasury Secretary Steven Mnuchin said the Trump administration was not seeking trade wars but would defend its economic interests. The remarks were seen by markets as a departure from traditional U.
Speaking at the Thursday morning news conference, Ross said: Sounds like fighting words to me as in trade war! General Electric GE reported a loss for the fourth-quarter, compared to profit in the prior year, reflecting charges for insurance-related items, the Tax Cuts and Jobs Act, and industrial portfolio items. Cash performance was above expectations and our visibility and execution on cash is improving…..
The team is focused on operational execution, capital allocation and deep cost reduction to position us for continued improvement in The deal fell through, however, and Schumer now says the wall is no longer on the table. We must have safety and security, together with a strong Military, for our great people!
Trump realDonaldTrump January 24, The shutdown ended after less than three days on Monday when 33 Democrats joined almost all Republicans in passing a stopgap spending bill to fund the government through Feb. Treasury Secretary Steven Mnuchin said the U.
Speaking at a press conference at the World Economic Forum in Davos Wednesday, he made a bid for investment into the U. As we look at U. The dollar dipped slightly after his comments and hit a session low, with the dollar index slipping 0. The British pound climbed to a post-Brexit vote high shortly after 8: He added that strong U.
Representatives for the CIA said the U. Russia has denied it. President Donald Trump has repeatedly said he would pull out of the North American Free Trade Agreement if he thought it would lead to a better deal for the U.
Before joining the White House, Ross made a future in the investment world, running W. Instead, the index clocked a weekly gain of nearly 1 percent.
Mortgage applications rose 4. Application volume was 6. Applications to purchase a home led the charge, rising 6 percent for the week to the highest level since April These loan applications are now 7 percent higher than the same week one year ago. The year fixed rate climbed to its highest level since September Mortgage applications to refinance a home loan also rose, up 1 percent for the week, despite higher rates. Refinance volume usually moves in the opposite direction of interest rates.
Mortgage rates loosely follow the yield on the year Treasury. You are going to love this. Those policies follow a decadelong period of sluggishness that has been supported by the Federal Reserve and global central banks since the financial crisis brought much of the world-wide economy to its knees in , he said. Of course, the bank boss said rising interest rates, among other factors, could be impediments.
But he saw few reasons that could upend what is viewed as an upbeat economic growth trajectory. Dimon has been particularly bullish of late. On Wednesday, Dimon reiterated his call for stellar gross-domestic-product growth, which is a higher forecast than J. They have now started refinancing their homes to dump into the stock market. This will like last time end very badly. Reuters — Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,, jobs, or percent of its workforce, as part of its global restructuring program.
The company said it expects to close or sell about ten manufacturing facilities and would exit or divest some lower-margin businesses. The restructuring is expected to broadly impact all the business segments of the company, it said. Kimberly-Clark said it expects net sales in to improve by 1 percent to 2 percent.
Shares of the company, which also raised its quarterly dividend by 3. It is just waiting for one thing, says Nasser. The green light from its sole shareholder: But rumors about delays to the share sale have long swirled, fueled by the slow drip of information on key aspects of the IPO, including where the shares will be listed.
The IPO is complicated because Aramco underwrites the finances of the kingdom. Investors have wondered how much light the Saudi government will shed on its oil reserves and the future viability of its fossil fuels business. A Senate aide this past weekend confirmed that Trump had walked away from a potential deal. Speaking at the American Enterprise Institute, Pompeo said a key risk of allowing North Korea to develop its nuclear and missile program is proliferation to other countries.
Pompeo added that U. The solar power industry — which has created tens of thousands of jobs in recent years — is bracing for a shakeup after President Donald Trump slapped tariffs on imported solar panels and modules. The impact of the 30 percent tariff remains uncertain. The manufacturers that requested a trade investigation last year say the tariffs give them a fighting chance against foreign competitors.
But much of the industry warns that they will push up project costs and make building solar energy farms less attractive. That could mean slower employment growth in a sector that has expanded at more than 20 percent annually in recent years.
A slowdown in the deployment of big, utility-scale clean energy projects would come at a time when the White House is promoting planet-warming fossil fuels like coal and backing away from international efforts to fight climate change. In its decision on Monday, the Office of the U. The measures, he said, would speed up lawmaking by shortening procedures and simplify the voting process. Mr Macron said that he would ask congress to approve the institutional reforms by summer or put them directly to voters in a referendum.
Mr Macron said during a parliamentary session at the Palace of Versailles: These reforms will go to parliament but, if necessary, I will put them to voters in a referendum. Mr Philippot also said that France should abolish its Senate, saying that there was no need for two assemblies. But Ottawa and Mexico City strongly oppose the proposal that autos produced on the continent should have 50 percent U.
Differences also remain over how to address the U. Canadian officials are downbeat about the talks amid uncertainty over whether Washington really wants to negotiate or plans to walk away. Canada, which sends 75 percent of its goods exports to the United States, has responded to the lack of clarity over the future of the agreement by attempting to diversify its trade.
Canada and 10 other nations agreed to sign a reworked Asia-Pacific trade pact. The United States pulled out of an earlier version of the deal. Next month he will spend five days in India, which Canada sees as potentially a bigger trading partner. In all, the branch issued The Shanghai-based bank said in a statement on the weekend that it admitted the wrongdoings and fully accepted the punishment. It apologised to investors but added that the fine would not have a big impact on its business operations.
Neither the commission nor the bank said how much they expected the losses to total. The revelations come as the bank reported a net profit of According to its annual reports, its non-performing loans ratio rose to 2.
The CBRC did not say which shell companies were involved or how they were used. In doing so, a risky loan is covered up as a viable one. That is the debt we know about. The only Chinese miracle is the amount of debt it has racked up.
When this bubble bursts China will be poorer then ever. During a conference in Paris, Mr Moscovici said: What majority will the vote return? What programme and commitment to Europe? In a contest where the Italian economic situation is not the best on a European level, happy are those who can forecast the results.
Like cross-town rival Schlumberger last week, the company sounded upbeat about the health of the U. Schlumberger last week beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in for the first time in four years. S-backed Kurdish militia said Monday it has repelled Turkish troops and their Syrian allies from Shinkal and Adah Manli, two villages they seized a day earlier in Afrin, the enclave they control in northwestern Syria.
Afrin is encircled from all sides by Turkish-backed Syrian fighters, Turkish troops and Syrian government forces. The one road out of the enclave to government-controlled Aleppo has been closed by the Kurdish militia for security reasons.
The militia said they are fighting to push back the advancing troops in Balia and Qarna in northwest Afrin. Turkey considers the YPG a terror organization because of its affiliation to its own Kurdish insurgency.
The Kurdish militia has meanwhile blamed Russia for the Afrin attack, saying Russian officials have urged them to hand over the enclave to the Syrian government to avoid the Turkish offensive. Russian troops stationed in Afrin district had redeployed ahead of the Turkish offensive, which also includes airstrikes. At least 18 civilians have been killed in Afrin so far, according to the Observatory.
One Syrian refugee was killed in a Turkish border town following rockets launched from Syria. Now the job is done and the US is throwing them to the wolves. Companies such as Anadarko Petroleum Corp. Even oil giant Chevron Corp. About one-third of the biggest producers have released preliminary spending guidance, and the rest are expected to do so in coming weeks. They are on pace to establish the record in the next few weeks, according to U.
Energy Information Administration estimates. Swiss bank UBS reported a net profit of 1. The consensus from a Reuters poll was for a figure of 1. Speaking to CNBC about the results, Ermotti said the highlight of the year was more clarity on international banking regulation, and the fact that the bank reduced its litigation portfolio further.
Net profit included a writedown of 2. It said that excluding this writedown, net profit would have increased by 26 percent year-over-year. UBS also said on Monday that it would increase its dividend for investors to 0.
The bank also introduced a three-year share buyback program of up to 2 billion Swiss francs. Ermotti foresees a pick up in volatility, particularly in the second part of the year, but he said the company needs to be wary about the kind of volatility that lies ahead.
Just 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed. In a report published Monday, Oxfam called for action to tackle the growing gap between the super-rich and the rest of the world. Approximately 82 percent of the money generated last year went to the richest 1 percent of the global population, the report said, while the poorest half saw no increase at all.
The charity also found the wealth of billionaires had increased by 13 percent a year on average in the decade from to Oxfam has published similar reports over the past five years. At the start of , Oxfam said eight billionaires from around the globe had as much money as the 3.
In the latest twist in an ongoing saga, South Korea reportedly intends to make cryptocurrency operators exchange user data with banks, local media said on Sunday, citing a single unnamed government official. A separate Yonhap report on Monday said the government would impose a tax rate not exceeding The South Korean government faced an outcry earlier this month after it said it would prepare a bill to ban cryptocurrency exchanges, although it subsequently qualified those remarks, adding that more consultation would be done before a decision was made.
Despite the volatility in cryptocurrency prices earlier in the month, potential new regulations in the space were described as a step in the right direction.
House Speaker Paul Ryan R. An irate-sounding Ryan said on the House floor that the shutdown was pointless but it was important to dissect why it happened. However, all but five Senate Democrats voted against the bill Friday night, effectively guaranteeing a shutdown since 60 votes were needed to overcome a filibuster—Republicans hold a slim majority with 51 seats, and all but four of them voted for the bill.
Republicans have dubbed the latest impasse the SchumerShutdown, while Schumer and the Democrats lay the blame on Trump and the Republicans. Let common sense and cooler heads prevail. Come to your senses. Do the right thing. Between accolades for his father, the younger Trump stumbled over a basic rule of politics: Never boast about how you will benefit politically from the misfortune of your constituents.
The public, Eric Trump said, would blame Democrats for the paralysis in Washington, and for the forced furlough of hundreds of thousands of federal employees, who would be sent home without pay. Yet even if this prediction came true — and recent polling suggests otherwise — it could be seen as a stumble at a politically fraught time for his father and Republican lawmakers.
To be sure, Eric Trump is not the sort of experienced politician who might be expected to navigate situations like these with traditional savvy. But neither is he the disinterested outsider that he promised to be in late , as his father prepared to take office. Yet almost from the start, both Eric and Donald Jr. Saturday offered a perfect example of this ongoing tension.
The ballot followed pleas by party and labour leaders to move forward with a joint policy outline reached on Jan. Veselnitskaya, who Trump Jr. So far, his probe has led to two indictments and two guilty pleas.
This program is supposed to let us spy on foreigners in foreign lands when a foreigner talks to an American they get caught up in the database. We have this enormous database. Your name can be typed in or my name without a warrant.
I think I spy a floor sign trend, guys. Yet until now, it has remained in beta mode for Amazon employees only, reportedly due to the very thing that makes it so interesting: Technology that eliminates the cashier. On the 5 p. Fast Bitcoin, Guy Adami said it's a "dangerous game" for the president and Treasury secretary to opine on the dollar. Karen Finerman, in sizzling new aqua top, said she bought MTW.
A day earlier, it was "euphoria. Rob Sechan was the lone Grandpa, stating, "The recipe for market success is strong fundamentals and skepticism. I'm gonna tell you what's not out there right now. There is not a lot of skepticisim.
We are all on the one side of the boat. We all agree that this is gonna be a great year. Jim admitted skepticism is "really hard to find. This page noted Tuesday that we hadn't heard "euphoria" on the Halftime Report this week.
Judge made sure we did Wednesday, introducing the show with "euphoria" as the first word, pointing to "more record closes in a January than we ever have before. Fisher noted Minerd's theory, "the key is to get out at the right time.
I mean, we were, we were just laughing about that. Meanwhile, Kevin O'Leary said companies have never been "gifted" by the president so much free cash flow. Pete Najarian carped about people saying tax overhaul was priced in. Last time we're posting a comment on that subject. Judge even quoted Howard Marks; "I don't see a reason to be aggressive" snicker. Richard Fisher on Wednesday's Halftime Report called the tax package "a huge boost.
Fisher said he doesn't think Steve Mnuchin has the "same finesse" as Jim Baker. Kevin O'Leary again trumpeted how Boeing is in the "services business" and asserted, "I'm buying cash flow.
That's when I made my money. Toni said he did a "pretty detailed analysis" of AAPL's supply chain and thinks there's a "very real risk that numbers are gonna come in meaningfully below consensus. Judge merely told Toni the stock will "suffer" if it guides "well below consensus for their bread and butter product. Pete Najarian didn't say "Katy Huberty is better than Toni Sacconaghi" but did gush about "absolutely astronomical" Apple services growth.
Sarat Sethi said the danger is "you could get an investor base that changes. Weiss said he's "made some great money in the airlines," claiming he had "a 5- or 6-bagger in American. Judge said Jim Cramer said the United earnings report "was like the biggest joke of a call he's, he's ever heard. Pete Najarian said February He calls the target "very conservative quite honestly"; he sees it going "far higher" than that level.
Brian Stutland hung a 69 on crude, if not higher by year end. Anthony Grisanti said he attributes the rise to a weak dollar and said Pete said he took half of his XOM position off. Pete mentioned the DAL refinery. Sarat Sethi is still selling GE; he just doesn't wanna be there. Steve Weiss said just because a stock collapses doesn't make it cheaper.
Kevin O'Leary said Asian and Europe stocks. Joe Terranova on Tuesday's Halftime Report admitted he and "many people" were talking at year-end about "potential for a style selloff that you had in January of that year.
Because it hasn't happened, Joe said, it looks more like another , "where you don't really do anything other than climb the staircase higher. Brown said the Nikkei is at a level not seen since He noted the dollar's at almost a 4-year low. He said the one holdout is the year, but it's at "criticial junctures," so he expects rates to push higher. Sherman said the global growth story "is very accretive for commodities.
Fast Money, admitted she has felt "chumpish" at times but said that historically, "it's always been OK to buy at a record high, because here we are. Addressing the NFLX train on Tuesday's Halftime, Jim Lebenthal stated, "There's nothing stopping this" and that a couple billion more in debt would be a "drop in the bucket. He and Josh Brown agreed it wouldn't be a huge pullback. Brown said NFLX didn't really have an earnings beat, but a "subscriber beat.
Joe Terranova said he noted last week that the TWTR price action was concerning, so there was "some advance knowledge of this probably. Judge speculated whether Noto would leave just before a quarterly beat.
Somehow we doubt that the shape and timing of the current quarter would have anything to do with whether to take a better job. Josh Brown noted that previously "indispensible" people such as Adam Bain have left the company.
Remember when Bob Peck was on the show once a week to predict Dick Costolo would get ousted and then that the company would succeed because of its "cadence" of new products?
That seems like a little bit of overthinking things. Stephanie Link on Tuesday's Halftime marveled about how she's often expecting EL to pause only to see it keep going; "the trends are definitely there for beauty," and she's going to hang on to it.
She said she added AGN a week and a half ago. Jim said Link's buy in AGN "caught my eye. Joe Terranova suggested HON. In the latter half-hour, Judge turned things over to David Faber for an interview with Lowell McAdam; Faber asked what VZ will do with tax-overhaul cash, and McAdam indicated they're spreading it out over a bunch of things and that employees will get some restricted stock.
It wasn't exactly the most exciting interview of all time. He also said FXI March 53 calls were popular. Bob Iaccino said copper is in "probably a short-lived selloff. Joe's final trade was VZ.
Jim Lebenthal said NKE. This writer is long ALB. Karen Finerman on the 5 p. Fast Money gushed about how much safer the big tech stocks are vs. In a thin episode of the Halftime Report on Monday occasionally interrupted by D.
Josh Brown said markets tend to be flat during shutdowns. Brown noted an all-time high in the XBI. Brown said risk appetite is at "incredibly high levels.
Joe Terranova cautioned about the "debt limit issue" if this gets pushed to mid-February and said the deadline for the debt limit "is a little bit uncomfortably close. Ian Winer said fear of Democrats taking Congress "is going to be an issue as we get later in the year.
Jim Lebenthal said he thinks the stock goes higher on earnings. But Ian Winer said he's not so sure it's a buy at But Brown agreed with Joe that it's not a sell. Pete who predicted a home game Super Bowl for the Vikings said there was incredible activity on Dec. We don't have any record of that coming up on the Halftime Report that day; Doc on Dec. Judge brought in Kari Firestone via satellite. Firestone's apparently a Patriots fan. Gee, isn't that exciting cheering for 5-yard passes all day.
Firestone likes EA, which she said is trading at a discount, a 23 multiple vs. Jim Lebenthal finds VZ interesting. Judge promised Lowell McAdam on Tuesday. Josh Brown finally brought up ALB, a disaster for several months, stating he's still long. Joe said he's long MAR but will sell "a little. In the wake of one of the most embarrassing playoff games in NFL history for one of the 2 teams , Mike Florio at profootballtalk.
We don't know which of the limited partners are calling for change. We do know that David Tepper is one of the limited partners. And if he's not calling for a coaching change, he should be. God bless that gentleman Noll signed on, shored up the roster, ushered in a succession of some of the most staggering drafts in history with a great deal of credit to scout Bill Nunn, and produced perhaps, given the stature of pro football, the most spectacular glory in American sports.
Many years later, Dan realized that Noll's time had passed and made the difficult but necessary decision to nudge Null into retirement.
Dan has passed on, and the franchise is helmed by his son, Art Rooney II, a modest gentleman and presumably capable businessman. Unfortunately, he is presiding over a disaster, a God-awful team that embarrasses itself virtually every week, the phoniest in NFL history. At the ground level, which means the product on the field, the Steelers are one of the worst-run outfits in the league. There are talented athletes here for sure, but some of them often don't seem that interested in playing, and some would never be welcome on a Noll or Cowher or Belichick roster.
It would take way too long to list all the problems. Cutting a legend, still one of the team's best players, so he can join the New England Patriots at the end of the season has to be near the top of the list.
Laughably, replacing the offensive coordinator with the quarterbacks coach only adds to them. We know the coaches try. We don't know honestly why it's so bad. This team doesn't know what it's doing. Here's why that all matters now. The greatest gift in sports is an elite NFL quarterback, one of those half-dozen individuals in the entire world who are difference-makers in the NFL Playoffs. Most franchises go decades without one.
When you don't have one, you can generally forget about the Super Bowl. When you do have one, you have to maximize every moment you've got with him. The Steelers still have one. He is going to be 36 entering next season.
He has a bizarre moodiness that is sometimes part of the team's problem. He's also one of the greatest competitors in NFL history. As long as he's standing, they've got a chance. Once he's gone, don't expect the team to find the next Aaron Rodgers. It'll probably be more like the next Tommy Maddox. The team doesn't need the next Don Shula. It only needs a fresh start with a credible boss who can hang it up after a couple years.
We've got a few names, if anyone needs some names. It's one thing if a fan feels emotionally brutalized by this monstrosity. It's another to be a paying stakeholder. Someone please tell Mr. Judge questioned why we're not in "reality" rather than "euphoria.
Steve Weiss asked Wilson for his "indicators" of "euphoria. Wilson also said he's got 16, advisors, and 4 million clients, and, "Yeah, the chatter is pretty euphoric, I mean people are really reaching now for that, for that kind of activity.
Jim Lebenthal said that if this is euphoria, "We're early in euphoria. And you know what, you're supposed to enjoy that. As soon as it starts, you don't just head for the exits," an undeniably accurate point. Judge asked, "Can you truly be in euphoria with a year at 2. One of them is a 2, "base-case, year-end" target.
He's also got a 3, "bull case" and thinks "we think we could actually hit that in the first half. Tom Lee was also on the panel, quietly. Lee, who's got a 3, target, said, "I think that it's important for investors to think long term" and cautioned against "misallocation of capital. Tom Lee pointed to negative interest rates in some bonds, "Even in equities, you can buy things that have better yields than bonds anyways.
Weiss told Wilson that "people see You're not gonna get euphoria in the first half of the bull market. Maybe many years from now. That may be years away. And the QE era favored large-cap companies. And, over-regulation, OK, favored large-cap companies," Wilson said, predicting operating leverage in small caps will "shine through this year more than large caps.
Wilson spoke of how he made the shift at the beginning of the year from U. Wilson asserted, "We think the credit markets Wilson said "it could get there because things are so extended.
Then starting in July, rates and stocks will both fall. But the big "euphoria" is still to come, perhaps years away. Weiss said those names are "always below the market-. Judge on Friday's Halftime noted GE, everyone's favorite disaster stock, fell to Josh Brown questioned buying a falling knife such as GE "in a market where 9 out of 10 stocks are going up.
He shouldn't be running this company any more than I should. We like to dump on this stock, too, because it's kinda fun, but we're not taking any pleasure in anyone taking losses on this stock or any other; we've had our share of bungles, and they're never any fun.
Steve Weiss said "he had to go out to ," the "he" meaning the analyst, but Weiss said the call is "reasonable" even though Weiss is "skeptical. That's euphoria right now. Judge said, "That's a bit of a disaster," which seems a bit of an overstatement. Stephen Weiss said the company was "challenged" before it was taken private, and it was a "pretty quick turnaround for the IPO.
Pete Najarian, via satellite, said February Pete said FCX February 22 calls were getting bought, "all in one print. Mike Wilson said AXP's spending is "really good for the long-term growth but probably not so great this year.
Jim said he agrees; "margins are fixable. Jim predicted INTC will "move to new highs" after earnings next week. Weiss said he'd love to see NFLX miss on sub growth, which would be "the time to buy. Nowhere did we hear an emphasis on "damage control. One thing we sorta realized in August is that Levinsohn — who has been an eloquent CNBC guest and appears to be a talented person, though that has no bearing on the current issues — seems to have worked for gobs of media companies.
The biography that remains posted at latimes. Bill Nygren, whose GE bull call last year was obviously a bungle, impressively owned up to it on Thursday's Halftime, telling Judge, "It was clearly a swing and a miss.
He said "typically" he'd sell that kind of disaster, but the company has had "tremendous change in people," and the problems are "largely contained in the power division. Judge asked Bill if he's buying more GE on the dip. Bill curiously said, "We've been buying and selling Judge told the panel that "Bill has a great track record" and was "very contrite" about getting GE wrong.
How is it that they don't have a class-action suit on that dollar that evaporated. And Bill made a point that there's been a lot of change in management.
I don't think so. The new guy came out of the business. He was part of that board. I think the stock is worth 13 bucks. I wouldn't buy here. I agree they should've brought new blood in. Flannery was complicit in the decline of this company. Jon Najarian stated, "I'm not second-guessing Nygren. Um, you know, luckily got out with most of my backside intact at 18 bucks a share.
Um, it's, it's a horrible slide in that company. Steve Liesman on Thursday's Halftime predicted this market is "not gonna be spooked" by rate hikes.
Mike Santoli said "sentiment is very stretched" but said "all the news is good. Jon Najarian said there's been a "binary bet" on whether there's a shutdown. But Steve Weiss said generally the market trades down an average of 0.
Judge actually said "buyback" is "like a dirty word around here. Brian Stutland on Thursday's Halftime said bitcoin has had "significant selloffs" over the last 3 years from mid-December to mid-January.
Anthony Grisanti said, "I would sell any rallies. Judge said, "This sounds like a dice roll, Doc. Kevin O'Leary said TGT has got "really smart young people" and is going to do "amazing things online.
Judge mistakenly referred to Pete's voice as "Bobby Brady" before being corrected that it's "Peter Brady. Fast Money apparently produced a spontaneous personal argument between chart expert Rich Ross and options watcher Dan Nathan.
Ross had delivered a presentation on bitcoin and ethereum technical levels; frankly we didn't really know what he was trying to say. Ross then took a seat at the desk. This is somehow a daily highlight for this program, cheering the guest walking over from a TV screen to the desk that's when they're not taking the 5-minute break at the minute mark Ross took up Melissa Lee's question about "weak hands" and said he likes stocks a whole lot more than cryptocurrency, a much more concise point than what he was trying to say with the telestrator.
Nathan called Ross "Chris" then corrected himself and argued that a lot of "smart people" think cryptocurrency is the next big thing. The "g" word didn't go over well with Ross. The charts are gonna save 'em? So where are you?
You're not helping people make money. I mean, let's call it what it is. You haven't liked Trump, the market's soared, and the politics aside, you've been wrong, so don't say that I'm glib. It's right or wrong. It's not about glib or serious. I think Dan's done a good-" Nathan told Adami and viewers, "We're good.
We got, we got, you know, we got the chartist here, he's got his stick, and it's, and it's fantastic, pal. Well tell me, what's the call now? Seriously," was Nathan's call.
A tough moment here on Fast Money," Ross concluded. Then someone — guess who — announced, "We're gonna leave it there. Assessing the stock market, Joe Terranova on Wednesday's Halftime invoked a curious baseball analogy. Joe said that investors last year were "stepping to the plate in and using what's relatively a light bat against a 75 mph pitcher. OK, now the 95 mph pitcher is there. And you're going to use a lighter bat in Jon Najarian opted to revisit his comment a day earlier when Jim wasn't on the show about how Jim was talking about how the market could fall in January even though others talked about it just as often, see below.
Not in a bad way. Sarat Sethi told Judge the Tuesday pullback is already a "distant memory. Bitcoin Money said he saw "a lot of panic buying" on Wednesday. Uncorking sports analogies right and left, Joe Terranova on Wednesday's Halftime said GS' performance in commodity trading is equivalent to "the New England Patriots going next season. Jon Najarian was equally perplexed and called for some cage-rattling.
Jim said they have "identical estimates" for this year's earnings, so the question is the multiple. Joe said he doesn't see why anyone would sell AAPL here. Jim said he'd like to add to his IBM half-position and is looking for confirmation from this week's report, declaring that if the revenues are growing again, this stock "is going to be heroic.
Judge said Stephen Tusa "maintains his, his sell" on GE with a 16 target. Jim Lebenthal on Wednesday's Halftime said his new buy is ROKU, "not a typical value stock," but he likes it for recurring services revenue. Actually SNAP recovered nicely after the lockup occurred. Scott Nations said stock investors shouldn't "pooh-pooh" the idea of bitcoin contagion to stocks. Anthony Grisanti said he'd be a seller of bitcoin and even hung an 8, on it.
Jim said he likes PFE; Pete said he likes both. Judge said MRK made "kind of a lame move for an upgrade. Doc said MRO July 20 calls were getting bought. Doc said the EFA for developed markets February 75 calls were getting scooped up.
Sarat said FRC has been oversold. He also touted CELG as an opportunity. He even mentioned Hudson's Bay which trades in Canada. Pete's final trade was UPS. Jim Lebenthal said INTC though he admitted that when it comes to the chip flaw problem, "I don't know if they fixed it or not. Joe said TXN and lamented selling it at Judge said it "almost feels" like Flannery in his highly scripted news release was "buryin' the lede.
Faber agreed he had to go "deep into the transcript" to dig up the big news. Judge hailed a conversation "2 weeks ago today" with Jim Cramer in the morning when Cramer "so smartly as usual" said it's still not time to get in the stock. Actually, it closed that day at Judge said people are "waiting for Stephen Tusa, um, to come out and say it's OK to buy. On Tuesday's Halftime Report, Jon Najarian hung Jim Lebenthal who wasn't on the show out to dry, stating Jim's a great guy and all, but, "Jim Lebenthal right here was saying, 'Well you know, we could see a lot of folks coming into the new year selling,' and so forth.
Regardless, Joe said Tuesday, "Stay long. Don't buy more here. I think that's the message. Stephanie Link protested to Josh that earnings are good and "maybe you get a pullback," but then you can buy the ones posting good numbers.
Despite that, "We are now at the highest, uh, at the highest level vs. Doc said, "There are some people a little worried" but that an 11 VIX is "cheap. Joe cautioned against a "tip" in the balance of world currency too far in one direction. Josh Brown said "this tendency that we all have as human beings" to overrate recent performance and forget things that happened in the past.
Judge said there hasn't been a "full capitulation" of bond bulls. Josh Brown said people have been "freaking out" about a bond meltdown for "most of the last 8 years. Judge promised Grandpa Mike Wilson he didn't say "Grandpa" later in the week. Steve Grasso warned on the 5 p. Bitcoin Money that the market could sink if Steve Bannon starts talking. Gilbert actually spoke about Nobel winners' analysis of "herd behavior. So if there really is a "recency" bias, how come so many people come on this program and talk about A B and C The first 2 weeks of January and D rather than the last 2 quarters?
Joe Terranova's final trade was MCK. Stephanie Link said AGN. Josh Brown said "calm down. Joe Terranova said TWTR is a "momentum trade" in the hands of "quantitative players" but called Tuesday's price action "disappointing. Stephanie Link said that's "apples and oranges" because "Facebook has announced this kind of thing 3 different times. Nations asserted that "bitcoin has no inherent value," so the bull case is that it's "extranational," but "if that's not the case, I don't see any value at all in it.
Steven Spielberg has never made a great film. There have been some good ones most recent was ; the rest maintain an emperor-has-no-clothes quality undetected by the masses who see 1 or 2 films a year and tend to seek him out for reliable The latest is "The Post," which is supposed to be a late-in-life coming-of-age story of a woman asserting according to this film's depiction wishy-washy control of a business enterprise by determining which male's advice is most important.
It could conceivably work as a tribute to newspaper reporting a valid goal , if not for the as-expected ghastly spree of Spielberg-trademark jokes and self-deprecating humor expressed by his A-list stars who have zero edge.
It's the same old glossy photography from Janusz Kaminski, who in a few places jerks around a hand-held camera to give you that sense of that pressure and uncertainty. Nearly all the scenes look like the one above, as Hollywood is unfortunately fascinated with soft gray tones and window glare including in "All the Money in the World," an entertaining film shot by someone else.
Oh, and there's everyone's beloved Washington dinner parties, all these cool people talking about Tom Hanks is hideous as Ben Bradlee. He has nothing to do in this picture. He should've hung it up after "The Terminal" yep, that's Steven Spielberg , a candidate for the century's worst. Instead, he's like Steve Carlton making a go of it with the Minnesota Twins.
Meryl Streep surely doesn't need the money either. Spielberg is hailed by those who frankly haven't seen many other movies and don't want to be aware of what else is out there. The greats don't have to be obscure. Do yourself a favor and try "All the President's Men" instead. Mike Mayo joined the set of Friday's Halftime, gimmick in hand as usual, to argue it's "Act 2 for the banks" after 25 years of Act 1 though we're not sure what occurred before that. Judge told Mayo, "I'm gonna start callin' you Marty from now on.
About 9 years ago, nothing was more hated than the bank industry. The president of the United States faulted the sector for its compensation format. Now, the government is doing things that are "great for the banking industry. Judge asked Mayo why Citi is underperforming. Mayo said it's "half-U. Mayo answered, "There's absolutely a long-term fintech thread to the banking and financial industry," which is Mike's way of suggesting that Brian Moynihan is as Internet savvy as Jeff Bezos.
Brown asked if banks should be reinvesting "in the future of payments" and lending rather than paying big dividends and doing large buybacks. Mayo responded with a question. Nevertheless, Weiss said he doesn't think it happens with Amazon because "the regulatory scrutiny that it would bring to these companies would be just mind-boggling. These companies are quite possibly the most popular American corporations that have ever existed.
Politicians do not want to mess with them. These are not Microsoft of They can do practically Judge had noted how several prominent investors recently had endorsed this market. Josh Brown seemed to question the relevance of those calls, stating, "David Tepper's strategy is not, um, to be, to be out of the market, um, even in a downturn. You are a thousand percent wrong on David Tepper.
I'm intimately familiar with his strategy. Dave could be net short the market," Weiss said. That's really, really being wrong.
Brown persisted, "Warren Buffett has over a hundred billion of cash. It's the biggest stockpile he's ever had. Is that a raging bull. A moment later, Weiss was about to deliver what would've been the most important revelation of the program: Yes, said Browne; "we were long, we're getting longer.
Weiss actually brought up Howard Marks snicker. Judge opened Friday's Halftime mentioning "new records" sic first of those 2 words redundant. Steve Weiss said the market is "incredible" but "a little scary. He said he added to DAL and even "bought back United" which he recently called the worst-run consumer company he's ever seen because of the "momentum" in transports being "so strong.
Jim Lebenthal suggested there's attractive pricing in the "chip sector" and cyclicals including GBX. Jim suggested no rate worries until we get to 3-plus. Brown said it's not good to focus on a number, but "it's the conditions that surround whatever number.
Actually, they don't, but whatever. Erin Browne asserted that "the retail community's been behind the curve, missed this rally. Weiss said the P. Anthony DiClemente on Friday's Halftime Report took up the new Facebook news-feed approach and said when FB has a dip, "it's typically a good time to buy the stock. DiClemente said "the real loser here are publishers, so public pages.
Steve Weiss said, "Here's how I look at it, they've got a quarter coming up. If I'm Zuckerberg, I'm gonna come out with this announcement that's gonna be controversial, perceived as negative obviously by the market, and I'm gonna blow away expectations when I report the quarter He doesn't want to dilute the good will that'll come out of the quarter Twitter is the stock right now. Jim said in retail in general, "You still have too many stores. Pete Najarian, remotely, claimed on Friday's Halftime that people were saying oh, the tax cut's already in the market KR and TGT were going to "go out of business" because of AMZN, and now look at how they've recovered.
So he doesn't think AMZN eliminates the banks, "they just make the banks that much better. Pete said OXY February What if Amazon gets into deepwater exploration and He also said February 17 THC calls were getting bought.
Jim Lebenthal said C. But Picker said the fee reduction has more to do with a "rebate" to Allergan investors. Stephen Weiss, who thinks Tepper would never be caught with such numbers, said, "Most firms can't survive 3 years of down numbers, particularly given what the market's done. Meanwhile, Eamon Javers on the 5 p. Thankfully, the Halftime Report, to Judge's credit, mostly ignores bitcoin and leaves that nonsense for Mel's gang, which unfortunately is only too happy to oblige.
Nevertheless, it got our attention on Thursday's Halftime when Anthony Grisanti said 11, is "the next spot" of support for snicker bitcoin. Jim Iuorio said "technically it looks fairly weak," and he might short it if it gets to 14,