Record. All three major averages were at record yesterday but they are sort of drifting today as attention is turning to individual stocks and their earnings reports. I want to take a look at this march towards 23,000, even if we do not quite maintain that level. We have the lines at the various 1000 point intervals for the dow. It is the sixth time we have moved 1000 points over the past 12 months and the fifth time since the election. It has been at pretty regular intervals. We have seen the dow stall out several times once it has climbed to those big round numbers. We have some significant dow movers, Unitedhealth Group rising after the nations Largest Health insurer came out with a medical loss ratio that was lower than estimated as its customers spend less. Johnson johnson out with earnings as well. Off topselling drug fended competition even though there have been accusations that they are using unfair tactics to block patients from getting alternative products. The drug unit gen
Beating Goldman Sachs. Coming in atates 1. 5 billion. R. O. E. Over 9 . There with us to discuss is Alison Williams of Bloomberg Intelligence. Your take on the earnings . Too few things . Wealthover 9 and their margin coming in at 25 . We saw that strength at bank of america, we saw strength at wells fargo which was a precursor but those are key metrics. They focus on that r. O. E. And the margin is one of the goals they focus on to get there. Fixed debt in line, the banking fee is something we have seen. Alix what have we learned about Morgan Stanley on Goldman Sachs . Is it all about commodities . It is more execution. Alison it to be a little bit of both. Every quarter is going to be different in terms of where the strength of the overall business is and depending on where the strength in the industry is, that is going to impact who is doing better. And of it is just business product but goldman also says for a Second Quarter in a row they did not navigate markets well. That is what
Number of firms said there were high turnover rates. We see workers feeling confident enough to move on and call their employers out on those modest wage increases. There was a hiring anecdote in boston. One respondent saying it was hard to find applicants two thirds failed math and drug tests. In some cases, good problems to have Consumer Spending was quite mixed outside of automobile purchases. We saw prices rising modestly across regions. There is some sign that that could pick up or the floor could be kept under Consumer Spending as prices are only rising modestly. Oliver michelle reporting from the federal reserve. For more insight and analysis of book, lets bring in carl riccadonna. Some things we been watching for a wild. What is new in terms of the effect of unwinding the Balance Sheet . if we look at Market Expectations for the fed, they are dialing back expectations that the economy can really handle not only three rate increases this year, but also the start of the unwind of
Number of firms said there were high turnover rates. We see workers feeling confident enough to move on and call their employers out on those modest wage increases. There was a hiring anecdote in boston. One respondent saying it was hard to find applicants two thirds failed math and drug tests. In some cases, good problems to have Consumer Spending was quite mixed outside of automobile purchases. We saw prices rising modestly across regions. There is some sign that that could pick up or the floor could be kept under Consumer Spending as prices are only rising modestly. Oliver michelle reporting from the federal reserve. For more insight and analysis of book, lets bring in carl riccadonna. Some things we been watching for a wild. What is new in terms of the effect of unwinding the Balance Sheet . if we look at Market Expectations for the fed, they are dialing back expectations that the economy can really handle not only three rate increases this year, but also the start of the unwind of
Number of firms said there were high turnover rates. We see workers feeling confident enough to move on and call their employers out on those modest wage increases. There was a hiring anecdote in boston. One respondent saying it was hard to find applicants two thirds failed math and drug tests. In some cases, good problems to have Consumer Spending was quite mixed outside of automobile purchases. We saw prices rising modestly across regions. There is some sign that that could pick up or the floor could be kept under Consumer Spending as prices are only rising modestly. Oliver michelle reporting from the federal reserve. For more insight and analysis of book, lets bring in carl riccadonna. Some things we been watching for a wild. What is new in terms of the effect of unwinding the Balance Sheet . if we look at Market Expectations for the fed, they are dialing back expectations that the economy can really handle not only three rate increases this year, but also the start of the unwind of