Average volume for the last 30 days. That is pretty much the scene all around the world. Of course, we saw some selling overnight. Caroline even with dollar weakness. Joe also, of course, it will be interesting to see what the bond market does tomorrow. Tooline lets track out abigail. Abigail stocks might not be doing much here in the u. S. But where we did have some action, the british pound against the dollar. Its best day in about a month on hopes that a brexit deal will get done. Lets put this in the context of a longterm chart we have not looked at for a while. This goes back all the way to 1970 at the high, closer to 260 at the lows. In 2009 orhigh, back so, above two dollars. Of course, over the last few years, fears that a hard brexit would happen, we see it going down to 1. 20. This pattern happens as the bulls are stepping up. Gocould possibly see it toward the middle of that, 1. 44. All of this may just suggest that some of the big dollar bears out there could be right becau
Opportunity to build permanent housing in the south of market. This site was listed as Surplus Property under the federal Property Assistance Program in january 2017. Title 5 of the federal act identifies homeless as the top priority. They applied to develop 250 units of the housing was conditionally awarded the site valued at 36 million for 1. The federal program has a hard completion requirement. The project must be operational by november 2021. They issued the r. F. Q. And developed Episcopal Community services. Modular construction is for the residential portion of the project to meet the aggressive schedule and reduce costs. Here is a site map of the project centrally located on a major transit corridor on seventh street. A large parking lot adjacent to the federal court of appeals. The project is five floors over a concrete podium surrounding two courtyards with a Public Open Space accessible oMission Street. There will be 153 units for adults 103 seniors, two resident managers.
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Alibaba. Single day after a scorching start as consumers around the world look for bargains. Kathleen lets get to u. S. Stocks and how they ended. You can see the gains on the board are not large. However, go straight to the middle line, thats the s p 500. Another alltime high. 3093. It was a week of dueling trade headlines as chinas Commerce Department and white house Economic Advisor said yes, a phase i deal will involve a phase in tariffs. Tech stocks gains as well. Anything that is good for a trade deal. Global growth certainly helps. Tech shares, the nasdaq closing at another alltime high. 8475. What is interesting is on saturday, President Trump went out of his way to say wait a minute, i have not said yet anything about tariffs. Im not going to get rid of all tariffs. He did not say he would phase in some tariffs reductions. I think he is trained to tell us the deal is not sealed. Im the final say on what is going to happen. We will see how the markets deal with that today. At t
This comes after a decline of about 29 points. S p indicated up by 12. 5 you want to take a look at whats happening in the president ry market yields look like they are a little weaker. Dow component is reporting. Company is reporting a quarterly profit 3. 88 a share increasing the full year out look we have a nice gain in the stock there. This is a dow component. Thats the headline. It is going to help the dow. That is one of the reasons 3. 5 points adding nicely we wouldnt be up without United Health a lot of different view points on how theyll fare. Depending what happens they have been weak. Wont mention any names. We have an update lets do black rock first we have a lot going on earnings coming in from black rock looks like they earned 7. 15 better than they were expecting. Revenue looks like they are about in line with expectations. Couple other things, they say the longterm net flows. 52. 2 billion. This is a company has has 649. 64 trillion this companys ceo will join us who is