Back to gadgets . We will be live this hour. Betty a jampacked day today. You cannot get the bond kings to not talk today. This is noting that the 10 year, seemseasury bull market to become to an end and the bear market is starting with a yield and hitting 2. 5 and then you have jeffrey, coming out of the later, also in his outlook and webcast when he talks about bill gross saying that this might be a little early but with these yields rising, it is going to hurt u. S. Equities, he noted that everything about two point 63 is going to start hurting equities and that is why he sees the negative return in 2018. Heard that from a lot of the analysts we have heard talk to. But perhaps he jumped the gun when it comes to calling and confirming the end of that bowl, on the market. Bullbond market. It is going to be very interesting when it comes to the face income and currency. Lets see who is right we did see another day of record in tear, the s p , igher and as you can see all that is having
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
Is leaving his post, but says it is for personal reasons. He was confirmed as ambassador to panama in 2015. Turkey is warning its citizens about traveling to the United States in retaliation for a new u. S. Travel advisory that warned americans about terror threats and arbitrary detentions in turkey. The u. S. Travel warning is set to unfairly portray turkey as an unsafe country and did nothing to improve frayed ties between the nato allies. The same Russian Hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an Espionage Campaign against the u. S. Senate. According to trend micro, which suggests the group is trying to gather the emails of americas political elite. The hackers are looking for confidential information to leak. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im
The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur
Sto stocks of their 16 years and one of the Worlds Largest Digital Currency markets. Ge trouble shares the mark as the Company Takes a 6 at t 2 billion charge after reviewing the portfolio. It feels 12 days ago the dow passed 20,000. We could see 26 k at the open. Their best start of the year since 2003 it is actually seven trading sessions, jim, a thousand point. Yeah, there were some really good quarters on friday kind of confirming things. It is very positive and almost every single line item wells fargo is surprisingly positive and pnc is pretty good. Blackrock was the most amazing it had a gigantic amount of money coming in and they talked about deaccumulation when it occurred and obviously, no time soon talked about the idea of longevity and the need to be able to save and how money comes into equity. The most important call so far really, blackrock yeah. You saw the piece today on social responsibility and larry fink and not unimportant also. No. I think it was a very good artic