Argos delivers fo sainsburys as the uk retailer reports like for like sales ahead of forecasts, while cost cutting improves its bottom line good morning happy Independence Day to those celebrating it today volumes will be lower across europe as a result of that lets look at the ftse 100, off by 0. 3 . The cac 40 off by 0. 2. The xetra daxtrending lower. Oil prices reversing recent gains. Weve seen eight days of gains lets show you the sectors one by one autos, insurance and banks higher technology, telecoms a touch lower. I wanted to come back to some big stories. German generic drug company stada is trading higher as bain capital and cinven may seek approval from regulators to submit a revised bid to the group. And now lets talk about clariant a group of shareholders urged others to rejected the proposed merger with huntsman corvex says the deal wont unlock value and we saw some big moves in the u. S. Dollar yesterday and the u. S. Twoyear yields they closed at the highest level since
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no
[000 00 57;00] theme, not just by coincidence. Hechavarria leads off the bottom of the eighth. Joe ross got the start tonight for the nationals. On his 23rd birthday, former first round draft pick. In fact, both the starters tonight were taken in the first round in 2011. Really just a number of picks apart. 11 to be exact. Cliff you couldnt go wrong with either one, ill tell you that. Joe ross is going to be a good one. Just his energy and everything about him. I love the smile, i love, he talks to everybody, he gets in everybodys ear and face and he has a good time. He enjoys the game and thats the most important thing that i get out of him every time i watch him. I have to see that or something is wrong. Aaron i tell you, when you think about the starters tonight, both out of the game by now, fernandez, a ridiculous slider, but joe ross, much lesser known of a pitcher around the country. His slider, not far behind. Cliff not at all. He will be a good one for the fact the secondary st
Theme, not just by coincidence. Hechavarria leads off the bottom of the eighth. Joe ross got the start tonight for the nationals. On his 23rd birthday, former first round draft pick. In fact, both the starters tonight were taken in the first round in 2011. Really just a number of picks apart. 11 to be exact. Cliff you couldnt go wrong with either one, ill tell you that. Joe ross is going to be a good one. Just his energy and everything about him. I love the smile, i love, he talks to everybody, he gets in everybodys ear and face and he has a good time. He enjoys the game and thats the most important thing that i get out of him every time i watch him. I have to see that or something is wrong. Aaron i tell you, when you think about the starters tonight, both out of the game by now, fernandez, a ridiculous slider, but joe ross, much lesser known of a pitcher around the country. His slider, not far behind. Cliff not at all. He will be a good one for the fact the secondary stuff is already
Imus in the morning good morning, everyone. Happy hanukkah, Merry Christmas, we are in the holiday spirit. Nothing, but goodwill and good feeling today. For example, the Washington Post is celebrating the Record Number of women elected to the senate. Women may help break the gridlock, women are kland here another reason to cheer. Gas prices keep falling, more than a penny a day. When you say fill her up, its 15 less. Were not forgetting obamacare, trillion dollar deficit. No, no, its the time for family faith and joy and thats what Varney Company is about. Its friday, december 14th, here we go. Joe woods first day of. And his new boss told him twongs cook what you love, and save your money. Joe doesnt know it yet, but hell wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. Hell start investing eay, hell find some good people to help guide him, nd hell set mey aside from his first day of work to his last, which i