Football but i take it way too seriously to go by that fictional rubric tonight after another decent day for the averages, s p fansi fansing. 57 a new alltime high for the nasdaq its time for me to show my reality, not fantasy, but reality stock team in my head last night, while i was busily putting together what could be a championship ski daddy ski team which competes in the mad money slump, i am hoping after being bounced in the semis last year, to go back to my dynamic form i know i have the makings of a strong squad all there on twitter to see. But this is cramerica. Not slump a decka. Even though we all know better to draft in the first round, unless theyre tom brady, we all know that apple is the tom brady of stocks. An ageless, unstoppable force. The rap against apple is its just mobile. Apple is the greatest Consumer Product of alltime, as i look at brady as the greatest quarterback of alltime. Even though tim cook went to auburn while brady was a walk on at michigan, cook is
The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. Gave an eight page remark before he
10ye 1 10year yield highest since july the gop does move closer to tax reform what does that mean for investors . Ge is down sharply after a wider than expected Third Quarter miss slashing the full year guidance, revenue did meet estimates in the release John Flannery said this was a very challenging quarter. While a majority of our businesses had Solid Earnings performance this was offset by the decline in power performance in a difficult market. Stay tune for david aegs exclusive with flannery. Talking with squawk about this what are your thoughts is this below 22 yeah, i actually confronted jim immelt with many of these particular issues in my last interview with him and he was very much in denial these things would occur. I point that out because today is flannerys day. This is not a report card on flannery it is a statement that says heres all the things weve done wrong. I think they did very ill advised accounting in turbines and the key phrase here is that ge capital might have
Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly helping today, the financials. Take a look at the s p 500 banks index, up 1. 5 . It is generally acknowledged that these Companies Put up strong thirdquarter earnings. Today we have a rally in yields, the 10 year yield up about four basis points. That tells us haven bonds are selling off. On the year, it is pretty interesting what is happening with the 10 year yield. We see the 10 year yield is out of a range that it had been stuck in below 2. 3 , now trading higher perhaps back toward the high
Corps helicopter cost more than expected according to the pentagons cost assessment office. Be 144g stallion will million, 4 higher than projections. It also wont be ready to deploy until a year later than planned. They are committed to reducing the cost of the life of the program. Today hehusetts judge erased the murder conviction of aaron hernandez. The former nfl star killed himself in prison last month. The judge said she had no choice, citing state law that calls for vacating conditions when a defendant dies before an appeal can be heard. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julia live from World Headquarters in new york, i am julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We are 30 mins away from the close of trading the u. S. U. S. The s p 500 approaching fresh records. Dataet should record low be explained for volatility . Where to go in the French Elect