I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point we should tell you the s p 500 was within 1 2 a percent fr
quicklx the fed has tightened policy quickly. a increase in excellent bit over a year and that excellent bit over a year and that is excellent bit over a year and that is huge, historically it s a enormous increase and i think is a lot, a enormous increase and i think is a lot, there is one view that is a lot, there is one view that the is a lot, there is one view that the fed should wait to see the impact of what they have dona any break may be short lived. us inflation is still running well above the fed s 2% target. so the pain from higher borrowing costs to companies and to consumers is likely not over, according to diane swonk, chief economist at kpmg in the us, who believes the fed will raise rates again injuly. pauses not at an end. we have seen pauses not at an end. we have seen the pauses not at an end. we have seen the fed play overgrown with seen the fed play overgrown with words like skip they don t want with words like skip they don t want to
Start of new york tech week as titans gather in the big apple for panels, events, and more. Lets check in on the markets. There is a geopolitical element that plays in. The conflict in israelhamas might be contained. The moves being made across germany and the United States. We see a rally up almost one percentage point and a desire to get into equities across the benchmark. The 10 year yield dialed down. We are off almost 10 basis points. I am looking at your crude dialing down. New york crude dialing down. Gas really coming down from 40 moves weve seen in the previous week. Real volatility earlier today. At one point it was up more than 12 . We dial it back again. This is all around euphoria there could be an etf on blackrock being signed off in terms of bitcoin trading. We are currently up 3. 4 . What are you looking in the micro . Ed apple in the first instance is one of the big tech moving to the downside. We got data from Counterpoint Research showing in the first 17 days since r
Cheer as the cryptocurrency heads to a bigger wall street stage. Hello from sydney where it is just past 9 00 a. M. Im haidi lun. We are in our out from the open of asias first major market. Kathleen im Kathleen Hays. Sometimes we say monday night, sunday morning in the u. S. A quiet recap. Between Bitcoin Futures getting ready to launch and the tax plan on friday, i think we have got to wait to see how much this does not just rock the u. S. Economy, how much it rocks asian markets as well. Haidi absolutely. With the comments, marco rubio throwing a stunner into the works and getting more pessimistic about tax reform. All of that seems to have changed. We could get the crucial vote before christmas. As you say, bitcoin mania again making headlines yet again. The thing to remind ourselves of is that this could be a much bigger deal given that there are expected to be much more players involved. Kathleen the cme is a much bigger stage. If we look at the cbd launch as a curtain raise, a p