The twostens spread is up 31 basis today. Been a while since weve been that wide on the spread. A far cry from the negative numbers we saw earlier in the year. A little bit of weakness today for the british pound. We are waiting for Boris Johnson to speak to lawmakers in parliament. Has gotten several upgrades. There are still some analysts cautious about the fundamentals, but generally, that type of a gooddata is seen as outlook. In europe, we are seeing a mixed bag with carmakers again, kind of in trouble today. They are dragging down the dax. We also have a couple of french carmakers lower after the deal with fiat yesterday. We will get into Boris Johnsons plans in a few minutes. The stoxx europe is all told, flat. At 22 basisield points right now. That is the most positive we have seen it in negative territory for quite some months. Later this hour, we will be watching Prime Minister Boris Johnson speaking in parliament after laying out his legislative priorities earlier, with a fo
The impeached republic candidate, the debate, will it work, will it backfire. The Approval Rating is rising. The u. S. Has started and ended a decade without recession. The u. S. And the longest expansion in u. S. History. U. S. Companies brought back home 1 trillion from overseas under the tax law. Nancy pelosi called out crumbs, a new headline add one democrat hold the debate and no one cares, still no job debate for the democrat, more on 2020 democrats not answering question about how their policy will hurt Economic Growth. How they want to take away healthcare coverage, raise taxes and this joe biden at the debate claims the middle class was getting killed and crushed by the comp economy and joe biden said he would kill off middleclass and bluecollar jobs. The u. S. Energy plume help stop recession under president obama, biden said he wants to create green jobs, remember obama green job Field Companies and cash for clunkers, another order from the fisa court demanding more from ans
Josh lipton joins us with a look at the incredible stock, the incredible year. Hey, josh. Reporter carl, thats right. As 2019 comes to a close, apple investors have plenty of reasons to celebrate that stock has enjoyed a remarkable run surging more than 80 this year. That means apple is on track now for its best year since 2009 another way, it added 530 billion in market cap this year. Thats the equivalent of two netflix, three teslas, with a few billion left over. The nasdaq is market cap weighted, given apples size, it helped to power the index to a record 9,000 level today, most Analysts Covering apple rate it a buy. Nearly 60 in part because they think tim cook with the current lineup of devices will be able to keep iphone revenue relatively flat the next few quarters, even as services and wearables continue to go strongly theyre betting that should be enough to drive Single Digits growth for the company what are the risks for investors to consider . I caught up with gene munster,
Reporters. Abigail, get us started, please. Abigail that divergence you were talking about, the major average slightly higher on the day, that stands out. We have a different situation with different indexes on the week. The s p 500 up for a third week in a row. The nasdaq outperforming this week, but one piece of underperformance is the faang complex. 0. 25 on index down the week. Down for the second week in a row. Index stuckhas this in its own way. Heres a longerterm weekly chart of the faang index. We see these beautiful gains until the end of 2018 when the volatility started. The 40 week moving average in yellow, that is the equivalent of the 200 day moving average. It is hard to see the markets overall climbing too much higher, though that has been happening. It will be interesting to watch how this plays out. Right now, the faang stuck in this range, taylor. Taylor you are stealing my faang, so im going to steal your sauce. This has been outperforming that s p 500 for most of th
And cream, many of those fell flat like uber and slack and then the trade war with china. All the successes and failures keep investors on their toes, joining me too discuss it is stacy cunningham, the president of the new york stock exchange. Thank you for joining us. How is business, give us your take from an inside view of how things are going capital market. It seems like a long time ago we began 2019 and a lot has happened since then. If you look at the First Quarter of 2019, the government was shut down so the ipo market was nonexistent if you like a really long time ago. The First Quarter was then in the Second Quarter was tremendously busy on pace to be a record year despite the fact we were shut in the First Quarter in the Third Quarter we had investors asking questions about evaluation of companies in the private market and how theyre performing in the Public Market so we see in the Fourth Quarter of slowdown and companies in the pipeline but many are reacting to some of the