I love that question. If they get a be key getting into friday. Ofathan for me, the bank england leaves forecasts unchanged. The overwhelming majority expecting rate cuts this thursday. Thats going to be fascinating. Alix fascinating communications coming out of the boe. That trickle down into european stocks. Rally into the recent coming off the biggest monthly gains this october. The hsbc Global Equity strategist ben laidler. Lots of red on monday. Thethan lots of green in last five months. The s p 500 has been win, win, win. To kick off this mondays trading is softer in europe, the ftse down about. 1 . The dax marginally in negative territory. Alrightx market, its on this one throughout the week. The cable rate with a weaker pound off the back of some pretty weak manufacturing data coming out of the United Kingdom ahead of that bank of england rates decision. Is coming thursday. The commodity market is just wow, wow, wow. The biggest monthly drawing some down as weith wti kick off a
Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still only bidding between 3. 75 billion and 4 billion. That was not the high bid. Yahoo had more or less put pressure on verizon saying if you want to buy this thing, you have been the presumptive buyer the whole time, you have to step up and increase the bid. We realize you do not want the nonessential into little property that is not part of the deal, but you still have to bump it up a little bit. Verizon figured when push comes to shove, at the very end here, that is when we will make our move. B
This morning. Yield curve continues to flatten and of course the fed minutes are on the way 2 00 p. M. Eastern time. Road map begins with target shares plunging after the Company Issues guidance. Call will begin in just over an hour. Goldman sachs downgrading equities saying theres no particular reason to own them. And fed minutes are coming out later today as the dollar hits a sevenweek high. Four years ago today facebook went public at the nasdaq. Shares priced at 38, now closer to 120 on a day where Mark Zuckerberg is set to meet with some u. S. Conservatives. First up, mixed picture on retail, target beats on quarterly profit but revenues and comps miss, Current Quarter guidance, lows better than expected results, comps up 3 surpassing home depot for the First Time Since 2010. And staples beats on the top and bottom line. Hard to remember a time where lowes its routinely the bridesmaid here, not this time, jim. Used to be for about four or five years during a period before frank bl
And its setting up for a perfect trade. Well explain. The action begins right now. Lets get right to it. Stocks just posted their worst day in three weeks. Should investors brace themselves for a summer swoon . Mike, what do you think . Well, the summer is typically not a great place to invest anyway. Sell in may. Historically that has been held to be quite true. Add to that the fact were sitting here close to alltime highs. And we obviously have plenty of Global Economic risks to concern ourselves with. Weve got the brexit vote, concerns about the fed. And bond prices are basically telling us were in no growth forever. You put that together and say to yourself, there is more risk to the downside than potential reward to the upside. How are we setting up on this chart . Heres the issue. The median stock in the russell 3000 has made no progress in two years. On the january lows, youre talking about half of the russell 3,000 had lost a third of its value. Now its a question of whether th
The action begins right now. Lets get right to it. Stocks just posted their worst day in three weeks. Should investors brace themselves for a summer swoon . Lets get in the money right now. Mike, what do you think . Well, the summer is typically not a great place to invest anyway. They always say, sell in may. Historically that has been held to be quite true. Theyve done a lot of research on that, but you add to that the fact were sitting here close to alltime highs. And we obviously have plenty of Global Economic risks to concern ourselves with. Weve got the brexit vote, concerns about the fed. And bond prices are basically telling us were in no growth forever. You put that together and say to yourself, there is more risk to the downside than potential reward to the upside. How are we setting up on this chart . Heres the issue. As an asset class, we cthe equi, the median stock in the russell 3000 has made no progress in two years. On the january lows, youre talking about half of the r