Are already baked into the market how many times did the chattering classes tell us the moves been made youd be a fool to start buy now. After another good day where the dow gained 99 points and the s p climbed 4. 64 and the new highs across the board, who looks foolish now . Baked in my derriere. Clean this up a little were all going to die look, every morning i peruse every morning i peruse the Research Published by major wall street firms you get a mixture of ten upgrades and five downgrades and most often you get a price target boost because the stock has overrun the projections. Thats about as bullish as it normally gets. Today, though, today, i counted 29 upgrades of significance and two downgrades, two baked in baked in are you kidding me baked in i am done with that i am done with hearing about baked in this is the official bakedin cake, and i am taking care of it right now. Thank you steady cam producer for my boeing knife. Why are we getting these upgrades oh, im on a diet im
The Mortgage Market issues where you wall discuss time to time whether allies have gone too far, whether theyve gone far enough. How can we answer questions at that data on the marketplace. That is different from a wind data on what senator vitter does. Personally identifiable data. We have personally identifiable data and consumer response where consumers can this data so we can work on their complaint and family constituents to your office collect personal viable data appeared to we. You dont collect any of that . For example we do not have address, Social Security number, account number. We are interested in the pattern of what goes on in the market. Too collected before you scrub it . We ask the data to be scarred for comes to us. Depends on which data. We will have a full briefing on this. Somebody involved in the process . Typically described before it gets to the agency. Private companies have all the data. They care very much like you and i do and theyre always marketing on tha
Turning to weather now, matt, another foggy kind of humid morning out there. Right . Yes, more reminiscent of maybe midjuly rather than mid september. It is definitely a humid and warm start to the day. Now, i will say, out on the skydeck, there is a slight, slight breeze. And that could be helpful, maybe little later this afternoon. But overall, it is still going to be a relatively warm and muggy day. Specially for the time of year on storm scan3, this morning, there is not too much out there. Few high clouds are out there currently. Going to overall see a mostly cloudy day after some of the morning fog does burn off. Speaking of the fog, here is our visibility map. It is most dense, north, so up through the Lehigh Valley, lancaster, allentown, up through the poconos, seeing some problems with the fog. Even though our reading, reading 9 miles right now, probably little lower than that cents you are driving around. Now outside suburban philly just because our visibilities are, quote un
Treading water. Well talk you through the movers and the shakers. And just how do you find your next customers in the digitaljungle . Well be getting the inside track on the world of Digital Advertising later in the programme. Well look at reports amazon is about to launch smart glasses using its alexa ai. Let us know what you think about this. Are smart glasses a wearable device too far . Just use the hashtag bbcbizlive. Hello and welcome to business live. Tata steel and thyssenkrupp have agreed to merge operations. It is a move that would create the second biggest steel maker in europe. The two companies have been in negotiations since last year when tata halted the sale of its uk business. Talks had stalled over tatas huge pension liabilities. So what do we expect . The News Business will employ a8,000 people and the combined group, it will operate across 31 Different Countries gcioss will operate across 31 Different Countries across europe. Just before we came on air i spoke to thy
Morning for sara eisen i cant believe its almost the end of september how did that happen . I thought you were going to say the end of the week. The end of september. The 26th today i think of the year in quarters nonfinancial friends are like youre such a freak. Were such nerds. I like the end of a quarter brings Bank Earnings whole new slew of stats you get the end of the fall, which is hot at the moment, and christmas. So bring on q4 lets check in on the Global Market picture futures at this hour coming off the back of the day, slight declines for the dow and s p a big decline for the nasdaq it was a tech selloff yesterday when the s p the tech sector was down 2 . The nasdaq was down nearly 1 . Facebook the big decliner, down 4. 5 well come to that more later. Today, expect it to bounce back a bit, a point or two for the s p. 27 points for the dow, nasdaq higher by 7. 5. Tenyear treasury note, we have seen yields come back a bit from last weeks highs. We started pushing closer to th