Volatility is up 10 alone. The tenyear is sitting at 2. 036 . Were seeing if it gets to that key 2 or even below. Thats a very key level. As for wti, crude is down by 3 , currently hitting shy of 40 even. Gold is a winner. A little bit of a safe haven, currently sitting at 1159. Well bring you more on the gains weve been seeing recently in gold and the dollar is lower today. That is also helping gold. Who would have thunk that the tenyear note would have been right there at 2 and crude might dip into the 30s this summer . Im tyler math sin. Mandy drury here as well. Lets get right to the nyse and bob pisani. We had a very modest attempt at a rally mid morning and its basically failed. Were sitting at the lows pour the day. The s p 500, a bit of aa surprise at the open. We got down about ten points. Suddenly we were much weaker. Heavy selling at the open. Many people thought this was probably european sellers that were unhappy with what was going on over there as well. We attempt add br
The chinese want their stock market to look good before they celebrate the defeat of the japanese in world war ii. More for that in a moment. Stocks in europe rising as well this morning. Up 2. 4 . And europe a poll released this morning could add one more reason for joe biden as he considers a run for the white house. Bidenrvey shows that pulls better nationally against the top three republican candidates than Hillary Clinton does. At the poll shows biden has a higher favorability rate and then clinton or bernie sanders. Republican candidate donald trump says he has plenty of enemies in the hedge fund crowd. One of his proposals on taxes. As to do with carried interest much of that money is taxed at a lower Capital Gains rate. Trump was asked about carried interest. Do you want to tax carried interest in the same way . I would take carried interest out and let people that are making hundreds of millions of dollars a year pay some tax because right now they are paying very little tax a
Also good news on the cholesterolfighting front. And has the perct car been finally created . All of those things and lots, lots more today. Tyler is out today once again but Kayla Tausche joins me live at the nyse with bob pisani. Hi there, kayla. Hey, mandy, great to be here. We are watching the markets in rally mode. Mandy ran through just how historic the gains were seeing are. Put this in perspective. Just the fact that the dow has risen, what, 1,000 points in two days . 1,000 points in a day and a half. The s p is 100 points. Youre seeing some numbers youre not going to likely see very, very often. I havent seen them. Ive been here a long time. Look at the s p 500 melting up here chasing stocks here. Weve got to get them because theyre running away from us. Thats what it looks like. Its been a long week. But let me show you the markets today. Were getting strange numbers again. Heavy volume but not as heavy as the last few days. The volatilitys been dropping. Look at this breadth
Can. Tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. Most of the refineries are about three, four miles that way a bunch of them are shut down. An estimated, lets call it 15 of Refining Capacity offline we dont know exactly for sure, marathon petroleum, for example, was cagy, said we dont give updates. We drove by the refinery today there wasnt many cars around. Thats why were seeing oil drop because if youre not refining, youre not putting into oil. Theres another angle for you and the traders which i would talk about which is onshore. Houston is a humanitarian issue. Thats a whole bigger different issue. Lets focus just on the narrow issue of refining. We talked about oil here dont forget about the Eagle Ford Shale and inland. Its not getting headlines now because of whats happening in hust houston however, seaport security are hearing there are slowdowns in production or disruptions in production beca
Apple is trading 30, away from reaching a 1 trillion market cap the last close above 22,000 thou walk 16th. Is there a peek optimism around the product cycle or does the stock keep riding this wave of enthusiasm yes hopefully we havent gotten there yet. Were about a year and a half into this preiphone 8 party runup. Usually it ends. Either right after the announcement or about a quarter later. The peaks and then we go down for a couple years until we wait for the next cycle. This is a rager though. Apple is up 54 in the past 12 months i mean, hasnt it gotten a little bit ahead of itself, would you say . Well, you know, i think the really important thing weve got here is that weve had a market environment where every stock has done better than you would have thought weve had good Earnings Growth but the reality is pe multiples have expand add cross the entire stock market and apple interestingly enough with a trailing pe multiple of 18 still looks very attractive, certainly comparison t