Higher by 0. 3 or greater. Look at the nasdaq. It has been a little more beatendown but today up more than 0. 5 . The best day from the nasdaq since november 30. Perhaps investors are feeling a little more certain around tax reform, d. C. Drama and more. One stock that is helping the indexes today we will be getting to in a moment. This seems to be a continuation of the trump trade. Here is this stock, General Electric is up nearly 0. 9 . This is after the Industrial Company announced they are cutting 12,000 jobs within their power unit. That is the biggest unit within their business, about 30 of the business. It is also the most troubled unit. The fact that they are flushing out the plan they gave back on november 13 to cut 1 billion in cost by cutting these jobs, investors seem to be cheering it to some degree thinking it is a solid first step in the turnaround plan. Shares on the year down more for theiron peak worst year since 2008. The industrial sector is the top on the day. Ge,
A bowl in this market as well, as it has been for much of the year. It looks like investors are pricing in a high likelihood that the tax bill is going to get past, after some back and forth regarding senator marco rubios vote today. We learned that it sounds like concessions to what he would have happened on the tax credit is getting into the bill. The index isof touched major intraday records today. It is outpacing the gains we are seeing in the major averages today. Thats get a temperature on the high tax proxies we have been watching. Here in the white line is an index of high tax. These are the companies that are seen as benefiting more from a Corporate Tax cut. This is the russell 2000 four reference in blue and the s p 500 in yellow. It is interesting the action we have seen in the russell, because within these companies that are mostly domestically oriented, with they are also tax as benefiting from the bill, but the russell has not been performing as well, perhaps in part beca
Operation managed to save everyone on board of two boards distressed in libya. The recent humanitarian and medical assistance. The coast guard has saved more than a thousand migrants in the past week. European commission chief says that the offer is still on the table for the United Kingdom to remain in the eu, even after both sides have entered the second phase of their divorce talks. Addressing the eu legislature, he said that we are not throwing the british out, would like them to stay. The exit of Great Britain is a catastrophe. That we all have to deal with the consequences of. Says that even if article 50 is set up for the u. K. To leave, theres an article that would allow them to a seat again, and i would be happy to facilitate that. Proposedr says that he new puzzles to settle a 25 year dispute involving greece and macedonia were progress can be made. With the core shares of both countries today, he is very hopeful that this process is moving in a positive direction. Leadership
Bashir alassad. Tillerson this observation that the u. S. Has no leverage or role to play is false. We are working closely with russia who has the greatest influence on the assad regime and can bring a sod the regime to the negotiating table in geneva. Secretary tillerson said that Coalition Forces of taken amount of thearge countrys population and oil fields. It may have been the deadliest fight between citizens of the u. S. And russia since the cold war. According to people familiar with the matter, u. S. Forces and syria killed between 100 and more than 200 mercenaries, mostly russians fighting on behalf of syrian president bashir alassad. Attack on a base and a refinery. International community has led jordanian people down. Ability told the Russian News Agency that a large migrant influx into jordan, many of thems. Refugees, has made life difficult for his own citizens. There is a high price for shouldering a refugee burden and wishes the world would show them more sympathy. Globa
Midmorning reversal after the trading, and stocks gaining ever since. It is confounding, especially since the 10 year yield has remained higher. Earlys the highest since january 2014. If you willusing, recall, the selloff of stocks when it began a couple weeks ago, it was sparked by a higher in the jobsed report, which caused a spike in yields. Seeing that spike in yields, it is a different story for stocks. Over the course of the session as we saw stocks gain through the day. You see the lower open today, and stocks turning higher decisively after 10 00 a. M. And continuing decisively. , not just in stocks, but across the board, a more tone. N you see crude oil rising, and gold also rising, seen as an inflation hedge. It also goes up when people are looking for safety. Copper futures are rallying by 2 . Particularly when it comes to oil, the number at cushing was the key one. Total stocksushing falling from november by about half to where they were reported today. That is helping to g