We need fed chief jay powell to listen to last nights big, bad Conference Call from csx thats a railroad. Or this mornings report from aerospace texron that showed a weakness in almost always Robust Aerospace sector or tonight, surprisingly not so hot guidance from united rentals, the Equipment Rental company at the same time, we need to innor ti ignore the bank Conference Calls from bank of america on the heels of the major bank stocks that have been good. Certainly happen we got lets hope he stays away from any Conference Call in the red hot airlines sector. Why . Because we have two economies and right now out of scn krrks nrks krrcn sync if you believe bank of america, j. P. Morgan, citi group, why not, consumers are spending but were taking down a little debt. Paying it off. Based on what is happening in the consumer economy, you could easily make the case for more rate hikes here but the Business Economy is a totally different story. That Conference Call, i have to describe it as
That led to a 19 plunge in the stock price. Here we can expect this time around, scott martin, united advisors, Fox News Contributor and jack hough, barons executive editor. Same rough time this time around jack, and what are you looking for in particular . I expect upside earnings surprise, right . 72 of the companies surprised on the upside, hooray but they always kind of do that but set the bar so low. Ashley yeah. You look at the Stock Price Movement. I expect a Facebook Twitter where you come in above the earnings number but the Stock Price Movement afterwards disappoints. Ashley scott, what are you looking for . Something probably similar to that, ashley. I think the big issue will be looking forward. What is linked in going to see as far as advertising . That has really been their achilles heal, right . Facebook and twitter amides all the problems have good ad revenue. Linkedin totally failed in that. They overhauled a couple solutions in first couple quarters. Well see if that
Well good morning to you. Great to have you back good to be back lets get to the Global Market picture this morning. Coming off a day where we did enjoy the rebound that we flirted with the day before, it was led by the nasdaq which is up over a percent. The s p was up about 0. 4 the dow up a quarter percent tech was a big part of the rally, so were financials. Banks rallying for two clear and simple reasons, yields were rising, thats good for banks. Talk of tax reform which is good for banks. This morning basically flat. A mixed picture. A bit of green and red on the three main indices tenyear treasury for you, yields were rising yesterday back to above the 2. 3 level. 2. 34 not just a domestic story. Yields have risen around the world this morning the tenyear treasury note, tenyear bund yield in germany back above 50 basis points just below that level now. The place thats seen yields rise significantly during september is the uk, where we were below 1 on the 7th of september, now clo
While it may not be as wellknown as the dow jones industrials, it is considered more representative of the whole market, since it is made up of 500 companies as compared to the dows 30. Small cap stocks also hit alltime highs today, as did a leading indicator of the economy, that would be the dow transportation average. When all was said and done, the dow industrials gained 40 points, closed at 22,381. Nasdaq was up a fraction. The s p 500 rose three, enough for that new alltime high, sue. Bill, Washington Republicans were out in force selling their tax plan. There was some pushback. Ylan mui is in our nations capital. Reporter the republican tax plan is out. And now the hard work of selling it begins on capitol hill. The house ways and Means Committee will get the first crack at writing a bill. And white house economic adviser gary cohn said theres one number the president is not willing to negotiate. A 20 Corporate Tax rate. We would have liked to start lower and given ourselves some
I im sick of amazon, im sick of tesla. But believe it or not, the market is bigger than those two names and i think we have to start recognizing the massive number of stocks that are doing well, that are entirely in bull market mode. The dow gained 2 pointses, s p 500 gained. 08 . I think we should start with t catca catcat cat piller piller was a rill do. Now its at 97. What happened . First donald trump was elected president and because hes pro oil and gas and drilling and hes also pro coal. Donald trump cant say cove coa. Plus if trump can pass his infrastructure package, admit d admittedly something that doesnt look very promising for this congress. But its impossible to subject how many people have been laid off, but the number is substantial. Caterpillar has gotten a hold of its dealer network. They had that chronic problem that forced the company to discount its products dramatically. Its solving the really intractable supply chain issue. And the Global Economy has changed, part