Markets struggle after Trump’s troubles

Mon, Sep 25, 2017, 9:15 AM

Stocks are looking to start off the week in the red. Investors are digesting a lot of hard-hitting news ranging from President Trump’s Twitter rants to the devastation in Puerto Rico. Yahoo Finance’s Alexis Christoforous, Nicole Sinclair, Myles Udland and Melody Hahm discuss the big stories of the day.

Today’s topics:

Stocks set to open lower, health care reform and world politics in focus
GOP health care bill suffers major setbacks
Puerto Rico’s economy dealt a $30B blow due to hurricanes: Enki Research
GE sells industrial solutions business to ABB for $2.6B
Genuine Parts buying Alliance automotive for $2B
Disney threatens to pull ESPN, ABC from Optimum
D.R. Horton lowers outlook after hurricanes
Target to raise minimum wage for its workers
NFL players protest in response to Pres Trump
President Trump updates travel restrictions
AirBnb partners with Sarah Jessica Parker launch local tours

TWITTER POLL:
Should the NFL enact a rule when the national anthem is being played?
-No, they shouldn’t have rules
-Require them to stand
-Require them on the field
-I’m done with the NFL

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Associated Press Finance
The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn."
Business Insider
Here's the 1 Stock Warren Buffett Thinks Should Outperform the S&P 500 Without as Much Downside
A big cash pile protects the above-average core operations of this stellar company.
Motley Fool
This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now
This industry-leading company is out of favor and worth buying now.
Motley Fool
A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.
Business Insider
‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.
Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday. Buffett also shot down speculation that Ted Weschler or Todd Combs, who together run about 10% of Berkshire Hathaway’s equity portfolio, had purchased the Paramount stake, taking responsibility for the investment himself. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett.
Barrons.com
This 8.3%-Yielding Dividend Stock Has Plenty of Fuel to Continue Producing Prodigious Amounts of Passive Income
MPLX is a well-oiled cash-producing machine.
Motley Fool
Why Warren Buffett's billions in cash at Berkshire Hathaway is a bearish stock market signal
Berkshire Hathaway cut its stake in Apple by about 13% as its cash pile hit a record high in the first quarter. A bearish signal all around?
Yahoo Finance
Intel CEO Pat Gelsinger Picks Up Stock Near 2024 Low
Intel stock continued a 2024 slump in late April after the chip maker provided disappointing guidance. With the shares trading at their lows for this year, CEO Pat Gelsinger bought up Intel stock on the open market. According to forms he filed with the Securities and Exchange Commission, Gelsinger purchased the stock through a family trust that now owns 39,400 shares.
Barrons.com
Markets worry Treasury yields could jump back to levels that sparked chaos last October
The 10-year Treasury rate has creeped up through this year, and is not far from levels that sparked a massive sell-off last October.
Business Insider

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Markets struggle after Trump’s troubles

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