Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin
Of the chechen republic to the fight against ukrainian militants is the state of affairs in the region. Meeting of Vladimir Putin with Ramzan Kadyrov. Western equipment was knocked out, an Ammunition Depot and a bridge were destroyed, along which reserves were transferred to the ssu, the main course of a special military operation, and what prisoners tell us about the situation in the ukrainian army. The decree on the termination of the existence of the nagornokarabakh republic has been signed what is it doing to people, what opportunities does azerbaijan offer, and our report from armenia, where tens of thousands of internally displaced persons have flocked. Through difficulties, to a strong economy, how to find a balance of interests in an era of global change, discussion at Moscow Financial Forum. A haven for fugitive nazis. Why did the canadian authorities keep an eye on who they sheltered for decades, and how did the scandal with the former ss man in parliament bring the whole tru
Was slowing down old devices what theyre doing to win back favor and what it means for the stock. First, stocks rallying to kick off the new year. The nasdaq and s p 500 both closing at record highs with nasdaq closing above 7k for the first time ever. It does feel a bit like 2017, when tech crushed the competition, soaring 37 what do you do in this new year . Do you stick with what was working, namely technology, guy . I think you do, mel, and happy new year i think you do stay the course people want to play the laggards, but stay with what works and what has worked. Dan nathan has been on this. Intel, big move to the upside, valuation is reasonable. Micron had that huge move from basically the low 30s up to 50, retraced back to 40, had a decent day today valuation of micron makes sense, dram pricing is still heavy. Texas instruments, great story, theyre in great places, but now 24 times forward earnings, i think its gotten expensive. Technology works, just be aware of what youre buyi
National Regional Parliament needs to approve a trade deal with singapore. Will it make brexit harder or easier . Easyjet firstquarter numbers , worse than expected. Is this as bad as it gets . This is the question we will put to the ceo, Carolyn Mccall. She joins us at 8 30. Matt less than a half hour away from the open. Take a look at where futures are pointing for European Equity indexes. We have a next trade, but almost no movement on futures. It almost feels like we have crested and are just hanging at the top. Global stocks yesterday rose to a record high on the promise of more spending out of china to boost global infrastructure. We saw at one point s p rising to its highest level. We saw at one point asian stocks, the nikkei touching 20,000. Things are coming off from their, but still relatively high levels, and we see futures hanging right now in the air. Take a look at the bund trade. Let me zoom in so you can get a sense of whats happened just in the past 10 minutes. Investo
Singapore leading the region. For thea up. 3 percent day, the highest level in 19 months, but new zealand stocks in the red after searching on wednesday. The shanghai composite, some swings after that pmi data came out, and japanese shares fluctuating as the yen halted a three day drop overnight. 117, theack below dollar plunging against its g 10 peers. Also, paring long dollar positions ahead of u. S. Jobs data this week. The pboc strengthen the yuan parity, offshore yuan sticking below the level. Set for the biggest gain since september, leading the charge in asia. , the philippine peso jumping to the strongest level and seven weeks, the ringgit coming off a 1998 low yesterday, and the rupiah joining that advance. The aussie dollar is looking at a third day higher, but could be vulnerable to testing a maiy low. 6,do have data on january but aussie weakness of boone of sorts. Aussie services index, 57. 7, the highest in a decade. Gold set for a third day of gains. Halt its advance, sl