It sums up everything that you need to know in the markets. Equities are down, which means you are getting a flock into full faith and credit. You are getting massive dollar weakness for three straight days. The weakest we have seen on the dollar since 2018. The story of the week, all about gold. Investors watching back in as a hedge against low rates. Big concern about the trajectory of this economy. As i mentioned, some of that trajectory is coming from the fed. They are extending most of their emergency Lending Program until the end of the year in an effort to support the economy amid the pandemic. The fomc kicks off their twoday meeting in washington with a Rate Decision due tomorrow. We are joined by Kevin Nicholson riverfront investment group, Global Fixed Income ceo. I love days like this where i can get a fixed income guy talk about equities. You are talking about the tactical favoring of equities. How much is relative value, where a dividend yield is worth it to basis points o
Know what kind of trade deal there is or if there is one, dont know if it will remove tariffs coming december 15th, or whether theyll reduce the level of tariffs of existing ones that are out there. Thats kind of a big issue you can see the effect we were flat to slightly down. As the tweet came out here, within 15 minutes, we were up almost 40 points the old closing high on the s p 500, 3153. We are comfortably in new closing territory if we stay anywhere in this area. And of course trade related names moved the most on this as always happens we saw nice moves in bank stocks, energy stocks, retailers, typical mover, materials, industrials, all of these are moving on trade related news whats more important, were starting to see significant individual stock breakouts this is what i look for. Obviously the top ten stocks of the s p 500, maybe 22, 23 of market cap, you want broader breakouts. Besides microsoft and apple, usual bunch of semiconductors moving to the up side. Some other once
Where this year there have been when getting your Morning Coffee at least five deaths becomes an extreme hobby across 33 states. Well talk to the starbucks customer plus, a big day for apple with the goal of feeding his caffeine addiction, as the tech giant unveils its latest round of products. But is the company losing its shine . Well discuss. In every one of its shops worldwide. Hello and welcome, now, you may have thought im michelle fleury, in washington, Christian Fraser in london. That the us midterm elections were done and dusted in november. Think again. There is more upheaval today, the last race will be in the trump white house. Decided in North Carolina. The National Security advisor, its actually a re run john bolton, one of the most senior after the authorities figures in the administration has uncovered absentee ballot fraud been fired, by tweet. It comes just a few days after talks in the 9th district. The surprising thing is that this is a republican stronghold with th
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, President Trump says he does not want to go to war following the attacks on saudi arabias oil plant this weekend. Mr. Trump said it looks like iran is to blame. Meanwhile attacks sent oil prices surging. Gas prices here at home are expected to jump 10 to 25 cents. Laura podesta is here in new york. Laura, what is the president saying about all of this . Well, when asked about it yesterday, the president essentially said not to worry, that they havent risen very much so far and the u. S. Has Strategic Oil reserves for situations like were in right now. He said well dip into those reserves if necessary. President trump downplayed the saudi oil attack last night in new mexico. But a few years ago they would have been in a panic. Today weve got a lot of oil, weve got a lot of gas. Earlier at the white house, the commander in chief suggested iran is behind last
List of u. S. Goods that wont be hit by extra tariffs. Corn, soybeans, and pork are still on the list. Morgan stanleys ceo warns against the fed it cutting too easily and gives bloomberg his take on where rates sit now. Im very surprised. The tenureexpected to be around 3 . Apple unveils an aggressively priced set of new phones and tariffs but the Video Service steals the show. Good morning. Matt good morning. Less than a halfhour away from the start of trading. Looking for moves with those apple suppliers. And lets take a look at equity Index Futures. We are seeing u. S. Equity Index Futures rising. Right now, you see gains in dax futures of more than half a percent and gains over in paris of about. 25 and ftse futures up over. 3 . Anna interesting moves over in the Asian Session. The message is that things have been pretty strong. We have got chinese brokerages rising and all of this talk about whether we will be an extensive list of exemption. That seemed to list lift sentiment and