I dont know if this is good news or bad news but i will lay it out there. Sources tell us that the new york ag is not looking in this enforcement action in this hft prone. He is looking for structural changes in the hft business. What he is looking to change is out there already. Early read on thomson reuters, he wants to end that he is looking to moderate the speed advantage. That is is key. That will prevent, my view, this is my opinion now, at least make it very difficult for virtu, the High Frequency trading firm owned by vincent viola, former head of new york mercantile exchange, make it difficult for virtu to come public if you erase that nanosecond speed if that is what schneiderman wants. This investigation is in early stages. Never say will be not be an encoresment action in early stages. Right now he is not focusing on enforcement action but looking for structural change for the business that could hurt firms wanting to go public in this trading business. Melissa awesome, cha
Melissa it is a party on wall street. We are nearly there. Just a few points shy. Spencer, what do you think of this . A classic summer. There is not a lot out in the market. There are not a lot though sellers out in the market. Melissa none of it is fantastic. We are looking ahead at the jobs number. At some point, it is going down. These 12 kickoff to the second year. I do not like that the financials are not following suit. Low inflation. Kind of moderate good Economic News meaning you will not get a complete pullback in qe. Kind of a recipe for the market to keep going up. If it is a surprise the value will continue, then it will end for the shortterm. Dierdre we were closer a while ago. Bond is low. It should happen today. Dierdre health care right now among the strong ones, Technology Trading higher, consumer discretionary. The jobs number, is that important to continuing a rally on the nearterm or are we just digesting . The number was terrible. Good to have moderate or slow gro
And we have Rick Leventhal in new jersey. Rick . The president has seized every opportunity this week to speak on camera about his displeasure with kim jongun and north korea and the threats at possibly launching nukes at us is territories including guam. You heard it minutes ago, the president lashing out. Heres more of what he said. This man will not get away with what hes doing. Believe me. If he utters one threat in the form of an overt threat which by the way, hes uttering for years and his family has been uttering for years. Or if he does anything with respect to guam or anyplace else that is an american territory or an american ally, he will truly regret it. He will regret it fast. The president had numerous meetings today, including h. R. Mcmaster and nikki haley. No doubt north korea will be the focus of the meetings. The attacks on kim jongun leaked out that north korea had the ability to miniaturize nuclear we pops and put them on missiles. After that, the president doubled