Optimism is. We used to joke a lot about a month ago about the rally we saw in virgin galactic. Today those shares up 23 . Names that maybe did not have a lot going on around them but maybe they hope and a prayer. Carvana,at was up 80 or so in the past week and a half. There was some Industry Data overnight that seemed to suggest that, at least for carvana, that might not be the case. Are notes trends that as bad as feared. Chief equity advancement officer. Eddie, what is your general outlook here once you get beyond equities at start to connect it with some of the other asset classes. A large Floating Rate Bank loan business, so we are in close contact with our counterparts in both the bank loan and highyield areas. The interesting to look at treasury market and see if very depressed area of interest rate. The bond market telling you there could be things to concerned about. When you get into individual stockpicking, individual industry selection. I think for the rally to continue in
Continent. Retailing remodeling, invest for success, this is a sector under fire today. Staples, urban outfitters, tjx, best buy, l brands, all getting whacked today. Well talk to a person who believes hes the Retail Investor of our tile. First, though, to sue at the nyse. We are down triple digits, but we are going to start with a major recall announced by gm just a short time ago. Shares are down almost 2. 5 right now. In the last three months, the stock is down more than 7. 5 . Last trade on gm is 3352. Phil lebeau joins us live from washington with details on the latest real. Sue, its a series of recalls from General Motors. In total they come to 2. 42 million vehicles. Again, four separate recalls, two large ones and two smallers ones, all together a total of nine models are recalled or impacted by this recall. The years being built between 2004 and 2015. One recall in particular, for the cadillac escalade. General motors has stopped sales on 2015 versions of the escalade. They ar
Cheryl lets forget about the market. Lets talk about the super bowl. All of the ads. Dennis hominy cakes did it take for the nerd to get that shot right . Melissa it ruined my appetite which is what i needed at that point. Lori i love guys like that. That is my type. [ laughter ] melissa i am speechless. I am melissa francis. Lori i am lori rothman. Rbc Wealth Management ceo joins us on whether or not this pullback will last. Melissa is your wallet running on empty . Consumers spend more on gasoline as a percentage on their income in nearly a decade. Lori the white house and action against china. Lets get you updated on the market as we do every 15 minutes. Nicole you have to blame europe. Lets take a look at the major market averages. Youll not see the dow 14,000. 13,887. That is a loss of nearly. 9 . The tech heavy nasdaq is down one quarter of a percent. These were high levels that we have seen since october 2007. A lot of the bulls out there were really celebrating. The dollar is p
Details, not so terrific. Rich peter the employment and down because 300,000 people left the work force. That cut the important Labor Force Participation rate to 63. 2 , the lowest level in 35 years. Employers reported they added 169,000 new jobs in august, slightly less than expected but the Labor Department revised down the number of jobs created in june and july by 74,000. The Federal Reserve has been waiting on this report to help it decide when and how much to take part, 85 billion a month in quantitative easing bond purchases and Research Note today, 4 of vice chair don combs said despite the weaker than expected report was not a disaster. The fed is kind of pre committed to tapering anyway sell it will probably go with a very gentle first step at its policy meeting in two weeks complete with a caveat about how it can be reversed. The piece of job growth has slowed during the summer months. It is not worried about a serious slump. More than half of that was efficient. And that ha
Inflation continued to rise in May, with data worse than expected. The Consumer Price Index (CPI) on June 10 increased 8.6% for the 12 months ending May, the largest 12-month increase since the period.