Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
Lower, now trading a bit higher. There hasnt been Much Movement overall in todays session. There hasnt been Much Movement lately on a daily basis as investors have shifted their attention to individual stocks and earning stories. The dow is off about 41 points. Earlier, it was down by 60. The nasdaq back in the green after briefly dipping into the red bi. The s p 500 has gone largely nowhere, only up about one point. Not a very big range. Last week onrecord the s p 500 and have been drifting along. In addition to earnings, we have a decent amount of dealnews to talk about today. Oracle by netsuite 45 . 3 billion, acquiring the cloud 5. 3 billion. Acquiring a company that he controls separately. Yet another development in the big beer deal. Shareholders have signaled that they favor the deal from ab inbev. The idea that these major shareholder support the deal giving more credence to the idea that perhaps it is Going Forward after all. Also watching the drugmakers today. Astros and a co