The nasdaq and small caps. Steve, now weve got to Pay Attention to this move in rates and how quickly they are going to rise. Thats the quickly they are going to rise. Rates going up alone, particularly when youre in such an accommodative environment they matter, but dont matter all that much, but the rate of increase, like the rate of anything is really whats hitting the markets. So youre also having right now europe is sort of not back away completely from qe, visibly that much that you can see, but they have cut back on the buying. Youll see a press Conference Tomorrow interesting to see what they say because the strength there is very, very strong. So i think overall when were done with this, that with the rapidity of it, that the market is a buying opportunity because it always has been and still the best place to put dough and you have to be crazy enough to have a cautionary outlook on it and maybe cash. You look at the lows of the day now for the dow down 132 and it really is a
Incredible slide for these shares which are down 50 this year. Thats going to take a very long time, a lot longer than people thought this is a broken growth story for sure they do 80 of their business in north america. Thats where the challenges are. Thats not actually surprising nike has had problems with north america. Everybody is having problems with north america, but youve got to the find companies that can have offsets nike does, so under armour, not only do they have north america exposure but they have product issues, right, all the performance stuff. They dont have lifestyle, thats going to take some time its still expensive because numbers keep coming down even though the stock prices come down, numbers are coming down pretty big time what plank said, we look to close out 2017 do not expect these conditions to improve, he said. Visibility is poor. Right, and youre hoping that kevin has thrown in the kitchen sink here. Do you go and buy this stock here absolutely not because
Justice. They will finds that Law Enforcement and everyday people in this city are not afraid of their evil. They see through their false hateful rhetoric and are committed to bringing them to justice. Thats what we intend to do. I would like to bring in bill sweenly, assistant director in charge of the fbi. For th the past 24 hours, the joint task force has been working around the clock, developing and tracking leads as we dig deeper into the leave it and motivations of saipov. The charges announced this evening should be taken as no indication that our work here is over. Well employ all investigative techniques to fully understand his social network. Well not tomorrow until every last lead has been covered. I have one recent update i would like to make you aware of earlier we were seeking about an individual. Many of you in this room received that alert. We are no longer seeking that individual. We believed he had information related to yesterday, but we are not looking for that indi
This hour a day after digesting that tax plan. T all are up higher. In asia, a bit of a mixed picture. In europe, a look at european equities, still open in many parts of the world. A bit of a red picture. Finally a quick take on crude prices. Wti trading at 49. 19. I dont know. I did see 49. 20 or 30, i did see some stuff yesterday that if they dont if opec does not go along with the cuts, you could see it back to levels of around 40 if they dont continue with the cuts. Both of these guys getting nervous. Dont try that at home. The white house says President Trump its when johnny deposition is moving like this in alice in wonderland. Its a weird dance he does, but it means things are out of whack. As far as nafta, President Trump has agreed not to terminate the nafta agreement and will try renegotiating it. The white house said they agreed to proceed with negotiations swiftly. There had been reports earlier that the Trump Administration intended to begin the process of withdrawing fro
Trump about how we could end up in a major, major conflict in his words. Did put some pressure, if you see the nikkei, down about 0. 3 . Same with the hang seng. In europe this morning n some early tlading, things are mixed. The ftse is down by 0. 25 . The cac is up by that much. The dax is up by 0. 10 . With crude oil prices this morning, looks like wti is still below 50. Up 27 cents. Tech stocks on the move this morning. After quarterly reports late yesterday. Lets give around up of whats going on. Amazon eps tops estimates by 36 cents. Saying revenue from the Cloud Business, advertising and Subscription Services helping to drive those results. Alphabet beating the street on both the top and bottom line. Strong ad sales sending profits up 29 , despite some advertisers boycotting youtube. And microsofts ref knew ju revenue just missed consensus. Sales of the Cloud Services platform jumped 93 in the quarter. Last but not least, look at intel. Reporting lower than expected quarterly rev