The United States have been, has been providing. And that has been, have been used, you called that a complete betrayal. Why . Well, first of all, the United States and israel are as close as can be and we should be supporting them in this moment, israel is under threat. Its under attack. They have a right to defend themselves. A mass is a terrorist organization and nobody would have ever told the now didnt states in the aftermath of nine 11, not to go after alqaeda, nobody would have told us during the War On Terror not to go after isis. The fact is that hamas is using innocent palestinians as human shields. Has a right to this war and right, Congressman Biden said that he supports israel defending itself. It seems what hes trying to say is he does, he, hes hes trying to pressure israel to batson the chance of killing civilians in gaza you do not think those two things can happen eight, eight defending one selves includes rooting out the threat hamas is a threat. They continued to bel
Live from new york city this morning, good morning, good morning. Leaving behind a very messy month of april and kicking off may with the futures 0. 5 on the s p 500. Southside note to south side note, saying the same thing, its a hawkish chair powell. Hawkish relative to what, the last time that they met or what the market is priced for . Lisa its a reason that some people are saying sell the rumor, buy the news. Expecting bonds to sell off, they will be disappointed. Chair powell, basically hawkish means his coming out and saying we are not sure, we havent made us much progress, we are still monitoring it and will not say anything about something that rhymes with wike. Jonathan wike . Just say hike. Lisa he doesnt want to say the h word. [laughter] jonathan 5. 03 on the twoyear this morning. Alan ruskin at Deutsche Bank thinks this is the stat of the day, the 2year note has rallied on all of the last four fomc days, eight of the last 10 days of meetings since february, 2000 23. Chair
We will talk about that over the rest of the hour. 10 year yields are up about four basis points to just under 466. Lets talk about assets. Tremendous volatility on other Asset Classes as well. New york crude down to 81 on the day, just under 82. 8 lower. The dollar is still getting some strength along with yields. The yen is weakening to 157 on the day. Remember, there have been accounts by the Japanese Central bank, reviewed by bloomberg, show and likely intervened in the market monday. You saw strengthening. Back now to 157. Coco is interesting. You saw it drop as low as 27 . Now it is up more than 2. 6 on today. What is interesting is extending liquidity in the market shows you how wild you can see this wings leading to one of the worst drops you have seen in coco in decades, just earlier in the day. Midday movers on the equity side. Ge healthcare reported sales for the quarter missing the average estimates. Analyst sees this talk pressured after weak results with the company we ar
Julie hyman is in is in. Julie we are seeing a little in today, really a pause market of the moments. The dow is doing the best of the threeday averages. Things may heed up over the course of the week as we get more Economic Data and a dozen S P Properties are still scheduled to report their earnings tomorrow. Well be watching those. In todays session we are watching some of the last companies. Quest diagnostics and Lab Corporation of the americas. Late on friday, we got new information posted, final rates for medicare. They were posted late on friday and so they have implications for these companies. The final rates still suggested 8 . Cut to the revenue in 2018. We are seeing a minute drop today. We are watching a big deal in the retail industry, or at least an investment. Alibaba, 2. 9 million is how much it is paying to buy 2. 9 billion is how much is paying. Walmart is down. It operatesbed, about 400 hypermarkets. Are seeing those companies trade accordingly. Also checking on home
Julie julia whats interesting is we havent had very steady action today. At one point all three major averages were down, now they have bounced off the lows, but it is still the largest selloff since august, particularly for the s p 500. We have seen to down days two down days. Lets put this in context. Take a look at the bloomberg, this is a chart that we looked at on friday, when we saw a 1 gain in the s p 500, because that was unusual. Thee saw a 1 decline in s p, that would be only the fifth time in the past year that it had happened, it has become increasingly unusual in this extraordinarily low volatility high recordbreaking day environment to not have these kinds of big price swings. Another way to put it is there have now been 112 trading days that have gone by with without all three major averages falling simultaneously. The 10th longest streak, i should say, of that type we have had since the nasdaq was record created. The next longest streak was back in 1972. In other words,