Neither Donald Trump nor Hillary Clinton garner a whole lot of trust, but whichever candidate does win the election does have the ability to rebuild their bond with the American public by picking the right support team, says JetBlue (JBLU) Chairman Joel Peterson. "You can borrow trust from other people," said Peterson. "By bringing on high trust individuals you can borrow their trust." According to Peterson, the 10 Laws of Trust are: (1) Start with personal integrity, (2) Invest in Respect, (3) Empower others, (4) Measure what you want to achieve, (5) Create a common dream, (6) Keep everyone informed, (7) Embrace respectful conflict, (8) Show humility, (9) Strive for win-win negotiations and (10) Proceed with care. On the topic of Wells Fargo (WFC) CEO John Stumpf's ability to rebuild trust after the account creation scandal at his bank, Peterson said that he may have to consider resigning if there was "clear wrongdoing" involved. "If there is clearly intent to fool or mislead people, to lie, then I think it's very tough to rebuild trust as CEO," said Peterson.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.