Party. And bitcoin. Well show you charts that will cheer those betting on a cryptocurrency crash. Betty it was quite chilly here today with that bomb cyclones blanketing the northeast. The natural Gas Producers quite warm and happy. A quick chart to show you where we are. Prices skyrocketing. Polar blast we have had today, and aiding in a winter storm. In a wintering storm. Youve really see the stress on the market. Some market paring back to the polar vortex back in 2014. How are you getting home tonight. Betty we will have to figure that out after the program. This winter blast did not keep investors away from equities. S p hitting records again. The dow adding on 150 point and nasdaq also higher as well. Tech stocks continue to rise. Onel stock down based growing concern over the security flaws in their chips. That is one we continue to watch. Yvonne stocks here on because of their best week in 6 months. New zealand kicking off flat and the kiwi at 71. 53. Australia just came under
Month amid tighter capital controls. Stronger chinese currency and resilient economic growth. Betty looks like were starting the second week in january on a pretty strong note after the jobs report on friday. Great story on the bloomberg talking about the early days in january, how that might indicate markets later in the year, about two thirds of the time the first few days in january are usually deposited pretty positive in the u. S. Market. In 1987, we had the strongest january start to the markets, and you know what happened in 1987. Dark days. I dont know if that is any indication. Yvonne and its a big week when it comes to data from the jobs report, which was a bit of a dud. Inflation seems to be the new jobs report that all of the bond markets and traders are looking at. If we do see this pickup in inflation, what is that going to mean for equity markets . Will we continue the goldilocks scenario as we have been talking about for 2017, that will be key. Betty that goldilocks sce
Fed vice chair. Richard clarida is out of the running. Betty we are watching for the fed news. We continue to watch the gains in the equity markets. I want to pull up a chart that basically everyone can go home, right . What i mean by that is that already with the record rise we have seen in the s p, a lot of these yearend targets are already being blown out of hsbc, Morgan Stanley, bank of america. Already being reached. Everyone can go home, they have made their money, right . [laughter] yvonne i guess so. It was interesting in that it has been four days but it really feels like 40 days in how much we have gained in the last couple of days in 2018. Big question is will we see a revision higher from analyst or are things good as it is or are there for the risks ahead . Betty that might have been what hung over the markets today. Lets pull of the boards on where we end up for u. S. Trades. A mixed trade. The markets trying to eek out. The s p by 2 10 of 1 . The dow essentially falling
Reported that chinese officials had recommended slowing or halting purchases of u. S. Treasuries. Global debt markets were already selling off. Signs that Central Banks were stepping back from bond buying stimulus. Such a move by china could make it harder for the u. S. To finance budget deficits brought on by President Trumps taxcut. President trump has promised not to attack north korea on negotiations underway with the south while negotiations are underway with the south. Trump repeated the u. S. Is open to talks with kim jonguns regime under the right circumstances. North and south korea have agreed to hold military talks but pyongyang says its Nuclear Program is offlimits. Germany is maintaining a hardline stance on brexit, demanding the u. K. Pay for the privilege of its Financial Firms having access to eu markets after it leaves the brock bloc. German Officials Say the u. K. Cannot hope for a trade agreement that includes Financial Services unless britain agrees to make substant
Venture. Hello, from sydney. We are an hour away from markets. Betty it is after 5 00 p. M. In new york. Im betty liu. We will be looking at how all the wall street will play in to the trading day. What a day at was. Hotter than expected Inflation Numbers coming out on the morning. Jpmorgan earnings coming out also adding to the bullish sentiment here in the u. S. The s p ending at record territory, up 7 10 of 1 . The dow adding on another 200 points. The nasdaq also rising, up 7 10 of 1 . Good town. G a particularly when it comes to tax reform. And that bonanza you mention from the start for banks like jpm. We have huge Bank Earnings week this week. That will set the tone. Haidi absolutely. Inc. Earnings in focuses week. But also, also china filling out the macro. We have some rate decisions out of asia Central Banks. Take a look at the setup and asia. We have positivity coming through when it comes to the sydney and tokyo opens. New zealand trading is underway. The kiwi dollar tradin