Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
With more. Thank you, andrew the Commerce Ministry said negotiators agreed to canceling tariffs in stretches the additional tariffs or some of them had to go. Also the Ministry Said from beijings perspective, the tariffs needed to be lifted at the same time by the same amount, how much could be negotiated the time and place of the deal signing has yet to be decided. Since then, the state media has been really focused on the point that if the u. S. Wants to have a trade deal, there has to be a removal of tariffs the state meeting says these have to be removed together saying this shows them as equals separately today, the authorities here sentenced nine people to joail including one with a suspended death sentence for smuggling fentanyl into the United States. As a sign that there was some calculated move behind this decision, the commission had said after the sentencing that the decision was made in accordance with the consensus reached between president s xi and President Trump. Sugge
The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know
In many parts of the economy so our tools are well suited to work on that problem thats what were doing. Youre right, though, we dont the price of oil is set globally, and its not something we can affect. I think by the actions that we take, though, we help keep, you know, longer term Inflation Expectationsanchored and keep the public believing in 2 inflation by the things that we do, even in times when energys part of the story of why inflation is high. So the fed is facing two more ethics related incidents with the revision of the Financial Statements from president bostic and president bullard speaking at a closed event, so some senators like Elizabeth Warren are saying that this is a sign of greater ethics problems with the fed. Could you talk about what this does to the publicstrust in the bank and what the fed is going to prevent this kind of behavior from becoming common . Sure, so youre right the picks trust is really the feds and any Central Banks most important asset and anyt
Booking Holdings Inc. (NASDAQ:BKNG) Q1 2024 Earnings Call Transcript May 2, 2024 Booking Holdings Inc. beats earnings expectations. Reported EPS is $20.39, expectations were $13.98. Booking Holdings Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to Booking Holdings […]