Joel Elconin - Benzinga Pre-Market Prep Show – Tue 17 Dec, 2019

Stock moving news out of Boeing and Netflix. Also the 2 year anniversary of Bitcoin’s top!

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to recap some of the more important company specific news out this week. We start with Boeing halting it’s production of the 737 Max aircraft after the FAA said it would not lift the ban on flying the aircraft by the end of the year. We then move to Netflix which just released subscriber data by geographic location. Finally wrapping up the call with comments on Bitcoin as it was 2 years ago that Bitcoin hit its top around $20,000.

Click here to visit the Benzinga website and listen to the recordings of Joel’s show.

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Comments:
  1. On December 17, 2019 at 1:13 pm,
    cfs says:

    The higher interest rates in the U.S. compared with the rest of the world are propping up the dollar, if not actually raising it.

    We know Trump desires a propped up stock market until he is re-elected; hence his call for lower interest rates and more Q. E..(He is targeting the December meeting of the Fed, but the Fed will hold fast)
    As I stated in this forum before the Fed lowered interest rates the last time, I expected just a 0.25% interest rate cut at the next meeting (which happened) and steady interest rates until next year, followed by two or three cuts next year.
    That is still my projection. It is, however, looking 2 cuts of 0.25% more probable next year than 3; because inflation will begin to be observable.
    It is only the highly manipulative B.L.S. inflation statistics that hide inflation.
    Hedonic indexing and substitution effects do NOT hold standard of living constant, and thus the inflation index put out by B.L.S. understates real inflation.

  2. On December 17, 2019 at 7:30 pm,
    Excelsior says:

    Bitcoin Just Puked Back Below $7,000 After Triggering ‘Death Cross’

    Mon, 12/16/2019

    “Crypto markets just plunged – on no obvious news-driven catalyst – with Bitcoin breaking back below the key $7,000 level for the first time since Thanksgiving.”

    https://www.zerohedge.com/crypto/bitcoin-just-puked-back-below-7000-after-triggering-death-cross