Our 10year near record low yields and oil closer to 46 than 47. Our road map begins with netflix under pressure in the premarket after an underperform initiation. Plus as you just heard, being added to comcast settop boxes. Well dig in on the stock down 15 this year. U. S. Oncology company medhivation it is now for sale perhaps to sanofi. The details on a potential deal of 11 billion. Gold hitting its highest level since march of 2014. Upgrading its expectations for the precious metal. Well talk to a Portfolio Manager how hes playing it. Stocks poised to open lower amid more concerns about brexit fallout and slowing Global Growth after three major indices snapped the foursession winning streak and gold at a twoyear high and as we said the pound trying to recover from that fresh 31year low at one point dipping below 128. Mike, youre watching the yields as you call them, which are collectively now larger than the banks. Yields and dividend paying stocks, exactly. If you look at the yield
Stocks in stories making headlines today. Peter cook focuses on the technology being news to hunt for the killers of american journalists. And willem marx takes on a two or of iraqs americanstyle village gone bust. Her firsten gave jackson hole speech today. Her focus, the u. S. Job market. Michael mckee is in jackson hole, and has details. This was a status quo speech, breaking no new ground. Janet yellen didnt change the debate, but she outlined it. For the fed, the damage to the economy from the Great Recession makes it very hard to know where unemployment and inflation should be before Interest Rates go up. As she said in a speech, as the recovery progresses, assessments need to be more nuanced, because of the considerable uncertainty about the level of unemployment consistent with the Federal Reserves dual mandate. Most of the speech outlines those nuances, the drop in the labor force but dissipation rate, elevated levels of parttime work, slow growth in wages, and inflation. Reci
As well and europe moderately in the red as asia does retreat from the big gains yesterday. We have hit dow 16,000 and s p 1,800. But then those comments from carl icahn yesterday spoiled the party a bit. There could be an announcement this morning involving that 13 billion settlement between the department of justice and jpmorgan chase. If and when, well fill you in. More problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. The dow hit 16,000, the s p 1,800 yesterday. Both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. Jim, the story for retail in the Fourth Quarter is going to be price competition and margin pressure . I think companies mentioning price competition, best buy, contrast Urban Outfitters last night, contrast that with home depot and dicks where theyre not talking about that. I was talking with john donahoe yesterday
Taper . No. Probably not. Ill leave that to kelly evans. 2. 7. Weve been hanging around that range for some time. Lets go overseas and take a look. It was really asia that had the strongest markets in the world with the nikkei in particular. Can you see it up 2 . 7. 7 last week for the nikkei of course, theyre pressuring that yen again, the dollar gets stronger and you see what happens as theyre trying to get thing back on track in a sense after a gdp number that was a little lower than some had hoped for. Lets get to our road map this morning. Where does it start . The dow and s p, starting from another set of new highs and looking to extend the overnight cali throughout. Moodys cutting its ratings on bank saying the government is less likely to jump to rescue in the future. And paulson and loeb piling into fedex. Lets start with the markets, futures are on the rise. The dow and s p all look to set new record highs. The s p, by the way, fewer than 10 points from 1,800. We can do some
Traveled on stolen passports perdomo to bring in Richard Falkenrath who served as National Security adviser under george w. Bush and currency a fellow at the council on foreign relations. Richard, you dealt with several incidences like this as well. What is your inclination, you got instinct . An act of terrorism . 5050. Very unusual for airplanes to catastrophically blow up in the middle of flight when they are at altitude but it is also unusual for them to be attacked by terrorists. Inres very little evidence the public domain. It looks like it could really go either way. What is alarming is these two individuals were able to travel on stolen passports. Has ports that were reported stolen even two years ago. If these facts are right, and it sounds like they are, it was a huge failure on the part of the airline and the Aviation Authority in a while a lump or. It cannot be happening inco. Ell alone for kuala lumpur sounds like an idiosyncratic glitch. Is at the airport or airline respo