Good afternoon. Im Tyler Mathisen right now you can see the industrials up around maybe a tenth of a percent very small moves for the s p, nasdaq and the russell as well today. Utilities in health care, they are leading the way. Energy lagging today good day for semistocks, amd, applied materials. They are among the s ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector youve got macys, coal, lbrands and nike among the s ps worst performers. Caterpillar is up there so far this year. A great year for stocks. Unfortunately for investors, that is not normal, its not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in 2018. Hi, bob. The question is reversal to the mean they say 2017 cant happen again, but why not many traders say we cant have 20 returns in the s p because its just not normal look at the average. Its about 8 since world wa
You can see were set up for what would typically be what weve seen most days higher, european markets this morning as well. Well look at right now and they are as you see largely in the red. No major moves the uk has come to light here in the last couple of trading days, though, making up perhaps some of the gap with the other markets. The 10year note yield hanging around the 2. 4 level where its been and earlier this week we saw wti cross above 60 and it is there again. That has actually been a quietly big story you might argue. That just happened last night, right we did earlier this week and now were back above Natural Gas Prices you might expect also moving up a legal bit, recently given our kitchen pipe froze. Oh, no. Yeah. Welcome to homeowners. These are the joys. But a quick Public Service announcement, you take a hair dryer on the pipe and we got it going again. Then you let it trickle all day and hopefully well be able to make dinner tonight. If not, you let us know. Im comin
Decline in the open and s p in 18 best start in 30 years. Buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. Tech under fire a powerful gop senator demanding answers from apple good battery gate the s p is off to the best start since 87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. What has happened in the market has been very sensible. Nobody thought we would have these kind of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. Says the Interest Rates are the gravity to value and munger chiming in saying share prices are not crazy. Point blank tell you, this was becky quick, congratulations, unbelievable interview. You sit there and what you get are people who know more than anyone else alive and they are saying, look, theres some interesting things and lets not go crazy, just because Interest Rates go
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Consumer price data as well as retail sales ecodata. Noon, federal fed president Patrick Harker gives an Economic Outlook street speech. 12 45, the president has his annual physical exam at Walter Reed Military Center. Emma chandra has the first word news. Emma lets get you caught up on the headlines. The United Nations calls President Trumps remarks about immigrants shocking and shameful. He is said to have used foul language speaking to lawmakers about why the u. S. Accepted immigrants from haiti and africa but not places like norway. President trump will not say whether or not he has spoken with kim jongun. He refused to comment but says he probably has a very Good Relationship with the dictator. A germany, there is preliminary agreement and four months of political stalemate. According to people familiar with the discussion, chancellor Angela Merkel and the Democratic Party have attempted to form a new government, using more government involvement in education and changes to Health