Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Stocks are performing right now. Lets begin with u. S. Equities. We have seen a little bit of a selloff today. S p 500 lower by 4 10 of a percent. Olivia we did get a secondquarter gdp report this morning. A little bit weaker than economist forecasted but there was an upgrade to the First Quarter. That is having a little bit of an impact on the treasury market. We will show you the yields on the short end by two or three basis points. People buying the long end of the curve there. The dollar index up about by one half of 1 . Trading at a fourmonth high on signs of the u. S. Economy. I think the recovery is continuing to affirm. Pimm economy did not contract. Lets take a look at some of the top headlines at this hour. The u. S. Economy gaining strength in the second quarter. Gdp rose to 2. 3 . That is slightly less than economist had expected but at the same time the Commerce Department to revise the First Quarter results higher and set of contracting. The economy grew 6 10 of a percent
The area. You can see it there. The darker colors, the yellows, reds indicating indicat pretty good rain rates in some s cases up to an inch an hour. H now were getting this warm thi front to our north and eastt were starting to get somee destabilization out there andat were seeing some pretty goodety thunderstorm activity developing just to the southng and j west. Shows bottom line is rain rai heavy at times here for thefor next couple of hours. Potential for some pretty goodey thunderstorms as well. S as wel that of course would includenc cloud to ground lightning and some ponding on the roadways. Ry the good news is we should get g this out of here by nine, byin 10 oclock this morning andhiin then well get a break middayid before perhaps we do another ano round later this afternoon. Theres a Flash Flood Watch a off to the north and west. Forth counties that are well to the w north and west under a flasher f flood watch. Flood w of course we had the heavyrswe e rain a few days ago. A
Parkwood LLC grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,604 shares of the financial services provider’s stock after purchasing an additional 18,570 shares during the period. […]
Palogic Value Management L.P. increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 69,408 shares of the financial services provider’s stock after purchasing an additional 1,699 shares during the period. Fidelity National […]