Rally another 40 from here. Whats he looking at . We will start with him. First, we start with the classic trump trades, check this out. The stunning movers the small caps, groups, which soared after the election and tapered off afterwards, small caps surged 4 in only three days. The transports are up 3 alone, all this as stocks hit record highs. So is this a sign the classic socalled trump trades are back . And is this confirmation that the rally is, in fact, guy in good shape . Rallies intact, let me start last night, i dont know what the trump trade s. I think the mark would be here, it doesnt matter. Where do you want to be . They, i dont know, the russell the ibwm is on fire. We talked about 130 held long, the transports the most interesting one, tim mentioned it last night, fedex. You look at federal express, all time high, say the stock is expensive. If eps grows close to 15 , trades at 15 times forward earnings. I still think fedex despite the move its had has move to the upsid
At 10 00, we will get weekly crude inventory numbers from the u. S. Which are expected to drop. At 2 00, it will be the fed decision followed by Janet Yellens press conference 30 minutes later. We will bring you live coverage starting at 1 00 p. M. Today. First, we want to give you a preview of that decision. And so, we turn to mike mckee in washington. Mike, there is not much suspense on what they are going to do on the rate. What are we looking for . Mike it sounds like a cliche, but it is about what they do and not what they say. We will look at the soft patch to see why they need they feel the need to raise rates anyway. What are they going to say about unemployment . It is now below where they were projected in march. The cpi numbers could be very important, because they have to explain what is going on with inflation which has dropped off significantly. Is it going to continue to drop . If so, why do they think so . This all has to do with what wall street takes as its forecast.
Two years. This is Bloomberg Markets asia. Rishaad right, records for the dow and onwards and upwards. The Dow Jones Industrials up so far this year, 10 up, adding to the gains in the session on tuesday, we do have a move to gains toe, taking what . Something in the region of 10. 5 . 11 , in fact. That sounds good, but let me pull up this chart. Btv 175 is telling you what is going on with the dow, u. S. Equities, and how they are doing compared to the rest of the world. You could argue they have a huge waiting when it comes to global indices, perhaps reflecting the the blue line is showing u. S. Stocks are ever so slightly lagging globally has we keep on striving towards global high records. Haidi that is almost unbelievable, really putting things in perspective. You do have the emerging markets inching higher. We see these renewed gains towards record highs despite the dysfunction that plays out in washington. Earnings season has been impressive. When it comesmp to apple, the market
If it happens. Overseas we are watching for new details on the fatal London Attack thats put the entire Parliament Area on lockdown and of course the Market Reaction to all of these stories as we follow them into the close. Lets start, as you see the dow down 15 points with the latest developments on the Health Care Reform package. As it stands, Kayla Tausche is in washington with the latest. Opponents of the Health Care Bill are facing just about 24 hours before the vote is expected to happen on the American Health care act. First you have the president hosting the majority whip as well as moderate republicans this morning and then members of his top staff meeting with the House Freedom caucus. 25 to 30 members of that conservative wing of the republican party. And hosting them, Vice President mike pence, chief of staff reince priebus, kellyanne conway, steve bannon, health and Human Services secretary tom price, budget director mulvaney and others were there meeting with the House Fr
But with donald trump will Donald Trumps presidency complicated things more . Mark 30 minutes until the end of the tuesday session, gmm go with your function, Stocks Holding onto earlier gains, a flip in the Industry Groups leading todays event. Real estate stocks, utilities rising. Is health care, these are the currencies that are falling against the dollar, the dollar ascendancy continued and a flip in the bond market today. Last week, 1 trillion. Fall. Seeing yields italy, the twoyear down 5. 7 basis points and i tell you growth stronger than expected in the Third Quarter. Oil very much leading the commodities rally today. 6 , working toup streamline operations as the slump in the pound postbrexit. Exchange rate movements will cost easyjet almost 108 Million Pounds in the 12 month through september of next year versus 88 Million Euros this year pretax profit plunged 28 , expected. The brexit vote extending this drop in the town which has ated easyjets euro dollar dominated cost whic