Oliver. Indeed we do, a bit of a risk on day at this point. The dow reversing a small loss after the eyes and manufacturing number for the month of april came in slightly disappointing, but now higher, joining the s p 500 at session highs. More than half a percent, putting another intraday record high on pace for another record close. Keeps going in a bullish direction. Lets look at the stock driving the records for the nasdaq. Apple, amazon, and facebook. Apple and facebook are posting intraday record highs. Amazon on pace for record apple does report tomorrow after the bell and investors are looking for 2. 02 on 50 trivalley dollars in revenue but it represents more than 5 yearoveryear Revenue Growth and earnings growth. In addition, it is expected that apple is likely to announce a cash for more than 250 billion. Recode is saying that investors are hoping it translates into higher dividends. Amazon is seeing a tailwind from the big week and the strong firstquarter report. Shares are
1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain
Reporter maybe stormy as we go through the late part of the day. For now, satellite and radar up and running in the weather center. Theres a lot of cloud cover across the region right now and some showers moving into the western portion of the region you can see that with more extending back to the west. As for the immediate showers they are light and having a little difficult getting into wilmington, delaware, right now. South of wilmington, though, in southern New Castle County youre starting to see the lighter rain highlighted and lighter shades of green some of that extended into Montgomery County and chester county, as will. As you look to the west, you see the darker shades of green thats steadier rain, by baltimore thats the heavierallt all day. 70 degrees in philadelphia. 71 in wilmington. 70 in allentown. 68 in trenton. 71 at the airport in ac. 72 cape may, new jersey at this early hour. Heres where numbers are going, 71 degrees by 7 00. Noon, 77 degrees, the high today will b
True. Lets go outside to david murphy track the rain and matt pellman in for karen rogers good morning. Reporter nothing but clouds over the terrace, tam. As we look at satellite and radar theres rain west of philadelphia starting to push into the western suburbs and trickle spotty pattern of rain after that. Storm tracker 6 live double scan most of what has managed to reach into the area is light. Every now and then darker green starting to pop up in salem county and chester county. Thats going to start to make the roads wet. Theres yellow stuff farther to the west thats heavier rain. 70 in allentown. 71 in wilmington. 72 in cape may. 68 in trenton. Dewpoints are showing humid air down to the south where the darker shades of green and higher numbers exist. Philadelphia, moderately humid 65 degrees dewpoint youll feel that if youre heading out ahead of the rain. Noon, 77. 3 00 p. M. , 78 thats the high today. 5 00 p. M. , 77. Im post ago chance of a shower or thunderstorm at any of the
Bmw denies admissions test cheating. Could merkel be forced to take a stand . Matt less than a halfhour to the european open. Take a look at how futures are trading after a down week last week. We are seeing a slight gain for stocks, futures. You see gains on the ibex in spain. You see gains on futures in stockholm. The futures are all trading down right now. As far as what we can see right now, i have the threeday yield can on my terminal so you see we have come down over the last three days to your. 515. We are looking at slight gains this morning. Tradersould continue as selloff debt. We will wait for the trading day. A snapshot of various asset classes. The standout compared to normal levels of trading. We saw stocks declined to the lowest levels in 10 days. Carmakers to the worst in more than a year. I hope currencies with mixed performances get the u. S. Dollar in there. The yen is up for a fifth day. Riskse of a host of event over the United States, we have the fed amazing and w