The last two sessions. The major averages have maintained the gains. We havent seen any major hiccups. Relatively broadbased rally once again. Energy stocks are leading the way higher. Whether its a good idea to buy Energy Stocks, people are certainly doing so. The group is up 1. 4 . Banks have also been leading the gains we have been seeing over the past couple days. We did get that Oil Inventories report indeed, and that has been helping these Energy Stocks. Take a look at the percentage leaders. Weve got transocean, chesapeake. Many of these are those that are the most sensitive to changes in did in the underlying oil prices, and in terms of index points, weve got chevron and exxon mobil, which happens to be holding its annual meeting. Oil prices themselves were volatile in the wake of that aventory data, which showed larger than estimated drawdown in the weekly inventory numbers for crude oil. Gasoline is another matter. Its the 11th straight week that production has fallen, to the
Isn manufacturing report. Just below 2100, so cant quite get that magic number. We were just talking about that yesterday. One thing is if you look at tech , what isd the s p standing out is the nasdaq ,omposite, six days of gains the longest streak since february. Thats pretty impressive. A lot of these small caps the bignew highs, but movers microsoft, facebook, google, amazon. Time, some bad numbers on the flipside coming withford and gm disappointing sales dragging down that sector. Government bonds, people keep buying them, driving those yields lower. German fiveyear yields at low for. 38, a record how much people are paying to the german government. Yields,e, u. S. 10 year nothing doing there, at one point the lowest since may 18, close to flat, down a little bit for the day, but not much life in longterm yields. Currencies, we want to focus on the yen. The japanese Prime Minister delayed implementation of the sales tax until 2019. The reason why the yen strength and was risk ave
I dont blame them. I was a rambunctious kids when i started managing my own money. At first i didnt know the rules then i spurned them because they cut off my upside. Even if they cushioned the inevitable downside. In other words, the rules kept me from making a huge amount of money when things were going gangbusters in order to keep me from losing big money. When things went badly. The house of pain. The rules im discussing tonight keep you in the game even when things are tough and you make mistakes. [ buzzer ] they protect you against your own bad judgment or whatever is happening in the market overall. But if youre going to make money using stocks because you just cant get much of a return anywhere else these days, thats pretty much the case you are going to have to work harder with your money to do so. And that requires discipline. Discipline because once you start buying and selling stocks, you can make more mistakes than if you just do nothing with your money. But if you do noth
Its a twostory structure filled with lots of tourists, lots of people. It prompted a Massive Police response. There are reports again, we dont have anything official here, but reports of six dead, many injuries, multiple suspects still at large. And why are the streets completely empty . Because police have shut everything down. Local metro stations evacuated. Everything has stopped. No bus service. Police are searching for the perpetrators around bavarias largest shopping center, but they are also spreading out at this hour other locations in the city. Youre looking at a live picture courtesy of sky news. Heres more video of what were seeing with more police running. Authorities are asking people to, please, stay away from public places. In fact, weve gotten reports that police are calling individual wizs in the businesses in the area one by one and telling them to, quote, lock the doors, dont let anyone in, dont let anyone out. Again, i stress to you this is a very fluid story. As it
Beaten in berlin. Angela merkel party is hit hard in Regional Elections as the antiimmigration party siphons off voters. What this this mean for next years federal election . Afterrk steps up security the bombing in chelsea. We will bring you the latest in this story. Caroline we are less than half an hour until the european open. Let us check in with what the future is market is a signaling. Futures market is signaling. Up 200 billion euros. A to mulch was time for trading and so much to build up to this week in terms of the boj and the Federal Reserve. Guy let us talk about last week and what the gmm function is telling us. A great place to start your week. It gives you a heads up both backward looking and forwardlooking. This is last week, friday. The close. Everything sharply down. It will be interesting to see how trading stops. The aussie was up. Canada and new zealand were up. Currencies doing well against the dollar. Finland, and switzerland on the move this morning. Portugal,