And others get ready for a new voice in the crowd as samsung prepares a new speaker. Betty good morning. Here in the markets in the u. S. , it is really the tax reform, the last minute zynga coming up from marco rubio. That dragged down u. S. Stocks. But overall it looks like central bankers are trying what we are calling dovish tightening. They are trying to move the ball forward with Interest Rates without disrupting. Mario draghi of the ecb trying to thread that line today. Paul grappling the same old problems the world developed, in terms of inflation. 7 in 2020 point does not sound terribly optimistic, does it . Betty no. No, it doesnt. Perhaps that is why markets took all of that in stride. Lets quickly pull up where the u. S. Markets ended up today. We were lower, taxes a main focus for investors. The s p down 0. 4 . Anddow lower by 77 points, tech shares, as well. Most of the major s p groups were in the red, except Consumer Discretionary stocks. A slower day in asia for you .
Earnings. Plus will banks continue to struggle with different bond making . Consumer sentiment falls to a sevenmonth low. We begin with our market minutes. U. S. Stocks falling amid Earnings Report and Consumer Spending data. We have the s p 500 for the worst twoday drop since february. Amazon was a big story that everybody was focused on. It didnt seem to have much staying power in terms of lifting the broader market. We were much lower earlier in the day. If you look at the market, not that dramatic of a selloff. It speaks to how calm anthe market has been rising. Ultimately not that big of a deal. , even with the disappointing close even with the disappointing close, the market hit a new milestone print this is the new milestone. This is the second longest bull market in history. Of course come at the top of the heap is the 1999 all market that did not end until march 2000. 1999 bull market that do not end until march 2000. Government bond market, not dramatic but we did see a decli
Us down. Everything is cyclically oriented so it is a risk off tenor to the markets. It is there where amazon lives and not in information technology. The best and worst performers today in terms of index point contributions to the s p 500, we have amazon, on the upside of 9 after recording Record Net Income and part of the because of the strength of its web services division. Gileads hepatitis c drugs came in lower. Some of the best performers related to earnings, monster beverage being because of its relationship with cocacola. Resources raising its output forecast for the year. Downside. Seagate coming in with results below estimates and sky works as well suffering from waiting apple demand. It is one of the apple suppliers that has been hit as people have been buying fewer iphones. A lot of Energy Companies going into earnings season. That sector was supposed to be a big drag. Is beating estimates because this is how it works. Butyone beats estimates that is it. Here are the exampl
Afternoon protest in seoul seoul and these people are angry about what is going on. Vice president pence came here calling for mexico pressure and maximum isolation of neither neither and instead the north korean delegation was in the vip box with him. Break ing news this morning. Three people are dead and four injured after a sightseeing helicopter crashed in the grand canyon. This is what we know. Local officials had to call the military in to get help with this rescue because its dark. Its windy. Its rocky terrain where they are and that is really making things difficult for them. We will have more on this breaking news for you in a few minutes. Meanwhile, democrats are demanding answers as the white house faces questions over the handling of two staffers accused of domestic abuse. A dozen Democratic Senators have sent a letter to chief of staff john kelly and white House Counsel don mcgahn. They want to know why the staffers were allowed to cope their jobs until this week. There ar
Production of the Airbus Helicopters H225 is now assured well into the 2040s following a record-breaking order for up to 44 examples of the heavy-twin for the Bundespolizei, or German Federal Police.