Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
This has been so much fun and everybody give yourselves around applause. You are all bill of rights rock stars so well you good job. Thank you so much. Thank you for hosting trivia game, madison. I feel like i did pretty i love it. It a good game. All right. Well see you all time by good afternoon, ladies. Gentlemen, welcome to historic St Johns Church, a National Historic landmark and welcome to our liberty or death reenactment. We have been producing reenactments here since the 1970s, and we are delighted that you have chosen to spend part of your day with us today as reverend wilmer mentioned, my name is steven wilson. I serve as the executive director for the St Johns Church foundation. We are a50 1 to 3 Nonprofit Organization that has been around since 1938. Weve been a minute our mission is twofold. It is education. It is Historic Preservation. We tell the story of the Second Virginia Convention and the importance of Patrick Henry. We do this through our Educational Programs like
Maria good friday morning everyone thank you so much for joining us. I am maria bartiromo. Friday april 26, your top stories, 6 00 a. M. On the east coast. Sticker shock persist as the inflation story unfolds. Features are indicating a big rally at the start of trade ahead of the Federal Reserve preferred reading on inflation. The dow industrial of 58, the nasdaq up 163 extended yesterdays big moves, the march pc index could be a market mover out to a half hours time, 8 30 a. M. Eastern join us as were counting down to the numbers, the dow and nasdaq selling off yesterday as persistent inflation keeps investors on the edge when and if the fed will cut interest rates. The dow industrial plummeting, the s p lower by 73 in the nasdaq lower by 100 points. Growth is slowing as earnings on top this morning. We are watching chevron, exxon, phillips 66 all out before the opening bell. Will also recap alphabet and microsofts earnings last night the stocks on the move right now. European markets
Economists were expecting 2. 5 . Recent gdp was also lowered. You can see red across the board with the s p followin falling. The nasdaq down. 8 . Not only the gdp reports weighing on stocks, but you have social media dragging the market with twitter yesterday and facebook today. Olivia nobody likes how much money Mark Zuckerberg is spending. Matt his employees like it. Olivia probably. Heres whats happening on the treasury market. The short end off the yield on the 2year note up i two basis points. Note, little bit of money flowing into that, so yields coming down. Stronger off the back of 2. 3 growth in the Second Quarter. The dollar Index Trading around a fourmonth high. Top stories crossing the bloomberg terminal at this hour the u. S. Economy picking up pace in the Second Quarter, gdp , slightly less than what economists were looking for. The Commerce Department revised the firstquarter figure upward. Grew by out the economy. 6 in the first three months of the year, but it cannot
Senator jay walden to be recognized by President Trump to be the head of the securities and Exchange Commission. This is two hours and 25 minutes. The meeting will come to order. This morning we will hear testimony of jay clayton be the head of the securities and Exchange Commission. He has extensive experience in the markets as a highly decorated securities trader. He has helped to inkrecrease th ability of those to invest in the united states. One area na mr. Clayton has said that he will focus on is market formation. The access is the lifeblood of the economy. The jobs act helped to revitalize the primary markets in congress and the s. E. C. Should continue to find ways to help companies to go public to allow the investors the share in their success. Recently, this committee marked up several bipartisan securities bills, and we encourage you, mr. Clayton, if confirmed to help others identify securities area, which could use legislative improvement. The s. E. C. Has a important three