Open for Business Market Wrap Up Nov. 2, 2017 [Listen]

Tom Egelhoff and Shane Montalban wrapped up the market on the Saturday (11/2/17) edition of Open for Business. (Listen to the discussion below)

There was a lot to talk about this week. The markets took a roller coaster ride based on comments from Federal Reserve Chair Janet Yellen who predicted overall growth would be down plus rising interest rates.

Couple that will an erroneous news story from Brian Ross, investigative reporter for ABC News, regarding President Trump and Michael Flynn.

Due to the up and down markets FANG (Facebook, Apple, Netflix, Google) lost around $7.6 billion dollars.

The US Senate did pass their version of the tax bill in the wee hours of Friday/Saturday morning with voting along party lines as expected.

Amazon CEO Jeff Bezos is once again the richest man in the world topping the $100 billion mark thanks to online Christmas sales over the Black Friday, Cyber Monday weekend.

Bitcoin passed the $10,000 mark this week and the stock markets continue to recover and are staying above $24,000. Will it go to $25,000 by Christmas? It’s anyone’s guess.

With all the other things happening around the world the government once again is facing a shutdown. Will it happen or will Congress kick the can down the road? Stay tuned.

Listen to the market wrap up with Tom and Shane every Saturday on Open for Business — 11AM to 2PM Mountain Time. Call in number during the show 406-522-8255. tom@kmmsam.com