Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
on Friday, there was even some economic data that shows that we're still growing, but industrial output came in below analysts' expectations.
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Household debt is at an all-time high and continues to climb since the financial crisis.
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And it's really just given investors a reason to pause again.
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There was a lot of volatility.
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all throughout European stocks throughout the week as the news about the deal came out and then the resignations.
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And for a lot of investors, there's still a lot of questions over what this final Brexit deal will look like.
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So for the time being, they're just bracing themselves for further volatility, especially if there's any signs as to whether or not Theresa May's government is going to enter some sort of crisis over all this.
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It was interesting because right when that statement first came out on Friday, it was around 1230 in the afternoon.
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You saw the Dow Jones Industrial Average, the S&P 500, all of them pulled themselves out of negative territory.
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They rose.
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The S&P, I believe, was up as much as 0.6%.
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But the gains were very much short-lived.
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And that was just because the market was way more fixated on some of the weak earnings that had come out before the open.
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So while trade optimism is something that's going to really be needed for the markets to move higher, the markets are pretty doubtful of anything that's just said sort of off the cuff or to reporters without a firm deal in their hands around trade.
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Facebook's had a particularly painful week, a lot of it having to do with the New York Times story that came out, but they deepened their losses.
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I mean, for tech overall, it's been another punishing week, and it's really continued a sell-off that started yesterday.
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in early October as investors really rethink the valuations of these very high-growth, lofty companies.
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For a lot of them, they totally understand that companies like Facebook, Alphabet, Netflix, they'll continue to grow, but the question is, how fast can they really grow?
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So the earnings that have come out, and NVIDIA was the latest one to say this, show that at least in the fourth quarter of this year, sales across the board are slowing.
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That growth is coming down.
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Showing 861–880 of 1,567 · page 44 of 79
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