They used to force companies to buy stock. Now its prohibited. Earlier in the week when we did 300 i messaged you and said, this is definitely it. We have to call the top here, definitely. This has got to be it. They keep going. Another 142. Hope springs eternal. 19756. What is interesting is that, you know, things havent even been done. So we dont know whether deregulation and cutting taxes and progrowth supplies, we dont know whether they are going to put them in. But there was a question recently about whether those things even work. So now were seeing this, we dont know if they are going to do it, but just the possibility we might do them is worth 2,000 points on the dow. And dont you think every single cabinet member he names leads you to the conclusion that it is going to happen. Its got to be the most probusiness cabinet since ronald reagan. I had a great talk with al gore. It was interesting, it was nice, we got along really well. And he picks the Oklahoma Attorney and its been
Event. We have seen in recent years and increasing recognition of corruption, serious and wide ranging consequences in the nation it occurs in u. S. Foreign policy. It deters commerce and intensifies social inequalities. It drains dollars and provides obstacles for democracy and rule of law by undermining the functioning and legitimacy of institutions. this means that requires evaluating past approaches for what has and hasnt worked. It will be working alone as well as in concert with National Partners to address and other forms of corruption. It is the issues that will delve into today. We have, very forcefully, and impressive speakers both have been on the front lines of designing and implementing or advocating for those policies. They include former and sitting government officials, legal experts, leaders of nongovernmental organizations. I believe its fitting that were starting off the podium. From then carded, instrumental in driving letter station. He is a longtime advocate of a
Equities, a little push back. Morgan stanley saying we will see maybe 1 in the First Quarter of next year for the 10 year yield. Some selling in stocks today. The money flowing to some extent into treasuries. The dow had been holding up relatively well. Still down the least. Back into the red. Pulling back from the record close yesterday for the dow and s p 500. The magnitude of the drop is not big, only one third of 1 for the s p 500 but the brett of the decline pretty broad. All of the s p 500 lower today led by energy and materials as we see a commodity led selloff. A lot of individual movers, netflix out with its earnings, the subscriber growth, or lack thereof drawing attention. Adding 1. 6 8 million subscribers in the Second Quarter, falling shorts short of estimates blaming price increases. Johnson from johnson and Lockheed Martin, they had winners, though Lockheed Martin now lower after that Companies Earnings beat estimates, Johnson Johnson with earnings that beat in the Secon
Averages hanging onto this increases we have been watching today. In addition, we are watching oil prices. There was a report that saudi arabia and russia have come to some sort of preliminary agreement on a production freeze heard so that really affected the price of oil over the course of the session earlier when that headline came out. It has not been confirmed in saudi arabia has been on record as saying it does not want a production freeze. Nonetheless, causing this uptick wenear 42 a barrel as continue to see oil rise. We have been watching the japanese yen today as it finally breaks that winning streak. Now the dollar is rising versus the yen. A couple charts to show you. One looks at the relative strength index, where a particular asset is overbought or oversold. The green line is oversold. The dollar versus the yen had didnt under that level. A bounce back the heels of that. What we have seen a lot of folks continue to not be very positive on the u. S. Dollar. Here are net lon
Bloombergs European Headquarters in london. Im francine lacqua. But that is back in focus after janet yellen said she is ready to raise Interest Rates this year. The Federal Reserve chair said she intends to let the labor market run hot for a while to heal the lingering scars of the Global Economic crash. Lets check in on how the markets have been responding. Mark, they seem to be pleased to have clarity. Mark clarity is the buzzword. After the muddled message last week, theres clarity. Janet yellen yesterday paving the way for a rate hike in 2015, giving a sense of certainty. Investors love that. Risk assets are rising. Have a look at the msci. Before today, it had fallen for five consecutive days, falling every day since the Federal Reserve kept Interest Rates unchanged last thursday. We got a bounce back today. European stocks are rising. The dollar is gaining. Gold is falling as well. Emerging markets, asian stocks swinging between gains and losses. The certainty has given investor