We should not learn too much new but the dollar index is a little subdued. We do have gold continued to rise. Crude oil after inventory showed up 4 . Rawdown at lets get a deeper dive into the Market Action with taylor riggs. Taylor i wanted to take a first look at an index we have not shown recently. It talks a lot about companies that are traded in the u. S. And get revenue and business over in china. You can see that the nasdaq index is off 1. 7 . This is lower after headlines in the senate boosted an oversight of Chinese Companies. It would certified there is no firm control and foreign control and could request Chinese Companies to delist from control. ,his comes as a separate story but the nasdaq said it would delist the company after revelations of county fraud. We are getting a lot of interesting news. This is a risk on tone filling. Crude is higher, the dollar is weaker, gold rising a little bit but so was copper so im trying not to read into that much. The 20 year bond auctio
Decade up 4. 5 in november so how can Elizabeth Warren and other democrats claim that were in dire straights and we have to abandon capitalism when in fact, its capitalism that has made things so good. I thought Elizabeth Warren was a capitalist from her head to her toe. Look, 3. 5 , ideal with numbers, 3. 5 unemployment, millions have jobs, millions have come off welfare, unfortunately, their job is to tell you how bad things are, how your lot in life is where it is because the wealthy are basically swooing you and amazingly, they poll and they think that it works and they are getting decent numbers, amazingly, but if any of these people move to c aracas or havana and experience the state taking over i think they changed their mind pretty quick. If were talking about just the markets and then Elizabeth Warren, we are just seeing i guess fear of missing out from a lot of investors youve got strong retail numbers that helped people a lot of amazon, for example, these records that youre
Quickest rate in more than a decade up 4. 5 in november so how can Elizabeth Warren and other democrats claim that were in dire straights and we have to abandon capitalism when in fact, its capitalism that has made things so good. I thought Elizabeth Warren was a capitalist from her head to her toe. Look, 3. 5 , ideal with numbers, 3. 5 unemployment, millions have jobs, millions have come off welfare, unfortunately, their job is to tell you how bad things are, how your lot in life is where it is because the wealthy are basically swooing you and amazingly, they poll and they think that it works and they are getting decent numbers, amazingly, but if any of these people move to c aracas or havana and experience the state taking over i think they changed their mind pretty quick. If were talking about just the markets and then Elizabeth Warren, we are just seeing i guess fear of missing out from a lot of investors youve got strong retail numbers that helped people a lot of amazon, for examp
Double fatal crash. That happened just before 1 00 this morning when a car was traveling the wrong way on highway 85 northbound. It crashed with another car that was driving the correct waycausing the cars to erupt inflames. Both died on scene achp officer told us what rain he recommends drivers use if they are driving late at night. We remind people when traveling late at night, especially because of a lot of times we have people driving under the influence, to try to avoid on the number one lane, which is the left lane so a lot of times, wrong way drivers will think thats the slow lane and you may be involved in a traffic collision. This collision happened on the number two lane. So we are trying to get people to avoid the left lanes. Reporter caltrans was able to get the crash cleaned up before 6 this morning. So it will try to ease the morning commute back up as soon as possible. Originally, they were diverting traffic off the evelyn avenue exit. But back out here, we are live in m
Joining us for the entire hour is tobias levkovich. Welcome. Thank you is this just a bounce from oversold conditions or would you buy into the rally i think that it is more of a bounce off oversold conditions look, things like energy, financials, have come back we were so hammered in the last couple weeks the issue that you need to resolve is earnings. That will be the more problematic phenomenon and so do you feel good about what earnings could be i think that earnings are still too high for the balance of the year and beginning of next year. I think consensus numbers for next year for example are about 10 , probably should be more like 5, maybe 6. So that is the issue so doesnt feel so good the white house pushing the message that recession fears are overblown. President trump tweeting today, our economy is very strong decembspite the lack of vision the fed but democrats are trying to will the economy be bad for purposes of the 2020 election. Very slchish before our dollar is so str