Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
In fact it closed down 30 bips. Big deal. And in fact, to try to preach a lot of fear mongering right now is a dangerous thing to do. Having said that, theres a lot of damage underneath the surface. Theres a lot of stocks today. We talked about how weve been printing many new 52week lows across the board. And Commodity Prices are telling you something. And clearly is this deflationary . Absolutely. Is this good for the consumer . I think absolutely. Does this mean that Global Growth is plummeting . I dont think so. So on some level there is a supply issue. On some level theres an asset issue. And i think thats how you have to look at it. But to say the stock market is very healthy right now because its only a couple err percent off the highs is not something i would say. The tlt outsize move up more than a . Xle on the s p 500. Thats not good. 2 1 4 in terms of tenyear yields. Thats been a pivot point for a while. Were somewhat significantly below that. I still think yields go lower. I
Taking into the green. Abigail the dow hit an alltime high today on a record closing high. The nasdaq had been down. At that time, it was the second down date in a row. There is a divergence between the strength of the dow and the small fractional gains of the s p and the nasdaq. We have been very strong in terms of Technical Analysis of the markets. She says yesterdays pullback thinksed a signal she will bring a near trend for a year and rally. The green we see may not continue according to katie stockton. Lets look at what is really driving the dow higher. We have all trading sharply higher. 3m and caterpillar are at alltime highs. Sincehaving its best day 2013. 3m was helped by the weaker dollar and the divisions had a 13 gain. Caterpillar the earnings adjustments and huge way, by 56 to they beat sales by x percent. This is the ceos third sales heat. The. The stock is already up 49 year to date, its best year since 2010. Mcdonalds matched estimates. Traffic, sales traffic, but traff
Moments ago. Josh, nice pictures of that first customer in line actually, a bunch of customers getting a handshake from cook on their way in thats right, guys. You can see the store here is opening right now in downtown palo alto. Youre looking there at apple ceo tim cook was here greeting the crowd, greeting the first customers. This has become a real tradition at this store. Cook is often here, welcoming the first customers looking, of course, to buy the new iphone x. Apple, remember, calls the phone the future of the smartphone and call the edgetoedge display, wireless charging, facial Recognition Technology in fact, we caught up to the first guy in line at the store and hes been here since tuesday night waiting to get his hands on this phone, and it was face i. D. , that was the feature he was most excited about of course, the starting price for this phone, 999 apple told walkin customers they could come and pick up the phone, but remember, they caution people, listen, you better a
Another hack attack. The hunt for the armed gang behind this brazen heist. And the video that will have you laughing until it hurts today thursday, august 17, 2017. Announcer from nbc news, this is today with matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Good morning, everybody, welcome to today, nice to have you with us on thursday morning and a lot to get to including that powerful display of unity in the wake of that violence in virginia. Overnight in charlottesville, thousands took part in a powerful candlelight vigil marching along the same path used by torchcarrying White Nationalists just days earlier. We have complete coverage and well start in charlottesville with nbcs Gabe Gutierrez who was there. Gabe, good morning to you. Savannah, good morning. The vigil was not widely publicized so as not to attract unwanted attention from White Nationalist groups but word spread and the response was overwhelming the honor heather heyer. By candlelight they ca