Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d
To get a border wall built walmart and google team up and the latest move for the battle for your money and shares fall in the premarket stocks are on track to open lower the nasdaq avoids a loss for what would have been the first of the year. How much weight did you put into the president s comments in phoenix. Will frost said it best this morning when he was talking on Worldwide Exchange saying that its we discount his rhetoric a little more. He feels that by, i say, later on in the day we will sense that there is a bit of hyperbole to him but were trading off of speeches now and the speech the night before sounded like what we want from a president last nights speech was a little over the top i watched it and i said wow, you know, the election must be imminent theres like a real election coming. Its 3. 5 years away he did say if we have to close down our government were building that wall went on to talk about nafta. We will negotiate nafta or terminate. This is last night in phoeni
All right. Im tired of hearing about the koolaid as in cramers drinking the koolaid again. On a day like today where the dow gained 107 points, nasdaq cliemded 0. 64 , i got to tell you, i know what the koolaid looks like and what it takes like and this aint it. I actually covered the horrific event where the phrase drank the koolaid came from. Back in 1978 i was a reporter covering everyone who died violently in california for the late lamented harold examiner. I was assigned the actual jim joans case, the man who lured 900 of his followers to his death because they did drink the koolaid. That concoction was laced with cyani cyanide. This market i think its laced with some tried and true principles. But to get upended by the rhetoric is next in line for the peoples temple potion. What are some of the oldfashioned concrete methods that can call this poisonous tonic into question. Lets start with the transports. It its one of the old evidence theories when it comes to stock before you c
Are now the subject of criminal investigations. The new favourite, Emmanuel Macron, says he has a plan to clean up french politics. And, saddle up cowboy. The new us Interior Secretary arrives for the first day at the office on his horse im katty kay in washington, Christian Fraser is in london. Allegations of inappropriate links between the Trump Campaign and russia just dont go away. Today, president trumps Attorney General, Jeff Sessions, has been accused of lying under oath after he failed to disclose to the senate that hed had two meetings with the Russian Ambassador during the election campaign. A Growing Number of Senior Republicans are demanding Jeff Sessions withdraw himself from overseeing any investigation into the administrations links with russia, while democrats are calling for the appointment of a Special Prosecutor and even a criminal investigation. This is how this story unfolded. Mr sessions joined the Trump Campaign last february. Injuly, he attended a Heritage Found
Big today gain and as you say, dont fear the fed, even in the face of this perception that the fed will potentially be more aggressive. All three averages hovering near their highs of the session. Been talking lately about anniversaries of record for the major averages and we are approaching the anniversary of the doubt. It was at a record last may 27 and as you can see, distill trading lower by 1. 7 . But since last friday, we have embarked on a significant rally, to thate getting closer record level. What would it have to do to get to that level by friday . Lets look at the last week of trading. We have seen the 360 point gain for the dow. It would have to go up by the same again to regain that record status. Part of what has power to be stocks generally higher has been the financial group, which has seen this big increase here. We have seen financials move higher along with bond yields. Financials still the second worstperforming group year to date, so there is a rotation factor. Ne