What we have seen over the last several hours is the intensifying of the rhetoric on both sides of this issue u. S. Secretary of state mike pompeo coming out and attacking tehran saying they are responsible for what happened to these two tankers off the coast of the uae, off the coast of iran right in the middle of that gulf of oman earlier today this is the story, of course, that we have been tracking since around 6 00 a. M. Local time and it is after 1 00 a. M. In the persian gulf and lets listen in to what mr. Pompeo had to say. Taken as a whole, these unprovoked attacks present a clear threat to International Peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tension by iran. The secretary of state saying this is part of an Overall Campaign of escalating tensions just a month ago four other tankers were also under attack two of them saudi tankers and it was interesting to note how slow the administration and even the saudis
Investors await hichbt it hintsr hawkish play apple reportedly moving to buy cobalt directly from miners. And amazon gets healthy in a potential challenge to pharmacy retailers. They are launching their own line of overthecounter Health Products the dow and the s p ended a sixsecon si sixsession win streak on tuesday. This afternoon, the fed minute. Will be released these are the minutes from yellens last meeting. May be hard to know from the last minutes, they were before the selloff, before the spike in yields so you dont get a real assessment so also before the big spending plan, the 300 billion. But it is after the tax cut. The first time we see the minutes after the tax cut to see how they think that will ripple through the economy. Multiples pretty much peaked around the time of the passage of that bill yes around 18. Now 16. 8 right in the middle of a 16 to 18 range of whats normal were back into the debate of whether the Second Quarter will bring a tricky handoff Economic Indic
4 today hitting its lowest level in more than 4 years this despite the announcement that it is giving activist investors nelson peltz a seat on its board. With a techie dividend, widely held share base this might be one of the most tempting stocks to buy the question is simple though. Is this an ultimate value play or value trap . Guy . I would continue to say and i think weve been steadfast on this one, its a value trap. Now the good news i think today is heavy volume, yeah, traded 140 million shares typically trades about maybe 40 million or so. Thats a good sign maybe you flush a lot of people finally out of this name, but on friday while you were galavanting someplace and mcc was sitting in that middle seat, she asked a similar question and i said Thomas Edison could come back and run ge and that wouldnt save it ill say it again tonight. So are we getting towards interesting levels i would say yes. Only in terms of what we saw in terms of volume and in terms of what they saw you fo
Past, russian claims have been inaccurate. Not decided ons the u. S. Troop increase in afghanistan according to the pentagon. Previous reports had stated the u. S. Was sending almost 4000 additional troops. General mattis says he does not have enough forces to help afghanistans army against a resurgent a la been. The rising threat of Islamic State is also fueling calls for a stronger u. S. Presence. Protesters crowd the town hall in london, demanding reform as from this weeks Apartment Fire roasted 30. Dozens are still missing. Somethorities say locals say authorities are understating the extent of the damage. Scalise remains in critical condition. Gunshot didays the substantial internal damage and the congressman needed many units of transfused blood with the doctor also said that predicting the length of his hospital stay would be difficult, but he is encouraged laste progress made in the 24 hours. Global news 24 hours a day powered by over 2700 analysts and journalists in over 127 c
Ecb rumination, digestion, whatever you want to call it. Interpretation is more positive. Stocks rising to the highs of the session with the nasdaq. Eading the gains a continuation of the upward trend weve had ever since february 11 when we had stocks make their bottom thus far this year. March setting up to be a pretty positive month so far. Map, a gain for the month of march of about 4 . That would make it the best month going back to october, breaking what has been a bumpy streak for u. S. Stocks come even though stocks were higher in the month of february. Also come in terms of todays sessions, the big gains we are seeing on individual basis here on a mixed bag between credit and financials. Wells fargo gaining along with the financials today. Weve seen this optimism that the ecb action will be helpful to banks down the road. Largecap technology rebounding as well. It is going along with the market on most days, helping lead gains and losses depending on which direction stocks go.