Yahoo Finance Warren Buffett just laughed off Carl Icahn's dire predictions
Midday Movers streams live at 12:00 p.m. EST. Today we discuss, Bezos' windfall, weakness in energy, and a billionaire battle of words
Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are down midday after a nasty close Thursday. Healthcare (XLV) is the worst performer, with tech (XLK) close behind. Consumer discretionary (XLY) is modestly up.
Joining Jen Rogers to discuss some of the other big stories of the day are David Nelson, Chief Strategist at Belpointe Asset Management and Kevin Mahn, CIO, Hennion & Walsh Asset Management.
Amazon's Jeff Bezos just made $6 billion in seconds
After Amazon's (AMZN) huge beat Thursday, Jeff Bezos' fortune skyrocketed to $60 billion. Things weren't looking that great in the tech sector until Facebook's huge beat earlier in the week. Are we seeing a turnaround in tech?
Oil sector looking weak
First quarter results from oil giants Exxon (XOM) and Chevron (CVX) disappointed. Exxon posted its smallest profit in over 15 years, while Chevron posted a much wider-than-expected loss. Oil prices are now up from Q1, so will things look better in Q2.
Billionaire battle of words
Hedge fund mogul Carl Icahn ominously warned of a “day of reckoning” in the financial markets, adding that the Fed’s policy of super-low interest rates could create quote “tremendous bubbles.” How did Warren Buffett respond to this?
