Stocks may have ended the day flat, but heres what was really interesting today. Banks rallied, gold fell, bonds fell, yields rose, so are we out of the woods and are the bulls back in charge . Guy . I dont know if were out of the woods, but the bulls are back in charge. Great week for the bulls. Today nothing special. The fact that we gave up the gains, not a big deal, but whats been interesting the transports which led us down from november of 2014 are similarly leading us out now. They bottomed out on january 20. You can see where things are right now. Thats a good sign. Bobbed markets selling off, good sign, so theres a lot of constructive things going on. I think it still needs to prove itself right here. Hasnt done it yet, but, you know what . The pulls have it back, i think. You know whats not constructive. Go ahead. As the s p has rallied and so has the dollar rallied and a couple weeks ago people were saying the dollar rally is done and look at the dixie now. Rallied about 3 o
North koreans pick up on this middle finger mentality. They feel that chinas trying to koreart its hegemony over. Of course, it leads to meddling. So it doesnt surprise me when relations sour. Theim shocked more by people same by the fact that people seem perplexed by the souring of relations between china. Orea and as recently as the mid2000, chinas aid to north korea was was up and down. It hasnt been consistent. There have been periods of andnse, you know, mistrust souring of relations. This is something to again, Something Else to keep in the back of your mind as you are reading reports in the newspaper about the relationship with china and north korea. Decades,e past seven their relationship has i would say, you know, at one point i went through and tallied up. Out of the past 70 years, this is when relations were pretty okd versus, you know, just versus really bad. And it was, in fact i would say that the majority of the years unfortunately, i dont remember them off the top of my
Meeting. New gdt shows the u. S. Economy slowed on an annual basis in the Second Quarter. Okay. Welcome to the program. Plenty to get through today. Plenty to talk about. Coming up on todays program, indias biggest private bank reports. Find out if the financial giant is weathering economic head winds in its home market. Well be in mumbai. With the countdown to the feds decision under way, well hear from one gold bull who says ongoing qe could support the precious metal. J. J. Burn will join us from the states. And gdp growth, fred hawkman will be with us 11 40 cet. French carmaker peugeot, well have expert analysis from paris at 9 45. All of that coming up. Well start off with earnings. Bnp paribas slipped by 4. 7 from a year ago. The drop smaller than expected. Stock is flat in paris. Lets get more on that. Stephane is with us, hes been speaking to the ceo. Stephane. Good signal for the earnings season in france. Bnp, the first bank to report for the quarter. Expectations 1. 8 billio
Since july, oil prices have lost half their value since july falling from 100 to even below 50 a barrel today making up a little bit of ground still falling over 4 however. The way wall street sees it this is unsettling when one particular area of the economy is in free fall that leaves a lot of uncertainty. Uncertainty about where the bottom is. Theres really no sense of where and when oil prices will stop falling this much. Now at the same time wall street is uncertain about it and its unsettling for wall street. For us who use gas to drive in our cars and to use it for our home heating oil, were really enjoying it. Right now the average price for a gallon of regular is at 2. 20. Thats down from a high of 3. 68 over the summer. If you look at gas stations across the country, wolf, almost 40 of the gas stations in the u. S. Gas is below 2 a gallon. Wolf. Alison as you know Goldman Sachs put out a warning saying professional investors may be unduly bullish. The market has been expectin
Are not citizens of this country voted in this last election . When were complete and were satisfied well expose the rest to the public. So, certainly nice of to you join us at 7 00 a. M. On 7 01 to be exact on a saturday morning. Im christi paul. Im victor blackwell. Good morning. The president has a busy day. In less than two hours, he will start to speak to the first of a list of World Leaders. Shes starting with japanese Prime Minister shinzo abe, followed by four others. Leaders of germany, france, as you trail and russias Vladimir Putin. Russia is what people are focusing on right now. Sparking concern among World Leaders and u. S. Lawmakers including republicans as President Trump said he is interested in warmer ties with russia but says, quote, its too early to start discussing lifting sanctions. Just moments ago, france spoke out regarding the president s exec of it order, banning refugees and immigrants from seven muslim countries. The French Foreign minister calling it, quot