Does not matter which height were looking at, we have beat it today. Poppy champagne. We sawtek financials leading techay we saw financials leading the way. Have a new place to potentially mark the end of the bull market. You point out some of the sectors, i will jump right into that. First you have the info tech stocks winning on the day, which on the year they are actually one of the few that have been struggling a little bit. Financials are down, tech stocks are a little up. A little bit of a return. Had a bigen a systems jump. On the flipside had the financials and utilities which is the place we look for Interest Rates and figure out what the interest expectations are. Financials up almost 60 basis points. There barely even down, they are holding flat. Whatever it is is still pretty much there. This is the only sector today that the s p 500 capital goods sector sector trading on hyder on higher volume. Machinery, Aerospace Defense companies about 8 above average on a day when Ever
Highs today and both Companies Near equal and market cap. Are these tech stocks the ones you need to have in your port follow portfolio right now, guy . Steve has been all over this but given the valuation and run and the stability of earnings, facebook is the name for me. What do you say, dan . If youre picking a would you rather, id say facebook if you didnt have to pick. Both . Listen, i have a lot of fundamental issues with amazon. If you k llook out five years, facebook will be more valuable. I cant tell you what will happen from now and then. Amazon, karen and i were talking this company had a cumulative 500 billion in sales and 5 billion in net income in generally accepted accounting principles. Thats 1 . They have used investors money. Their willingness to invest to take market share and were going to get to that but to me thanks is a bit of a shell game and i dont like it. What facebook is doing is they are front of a secular. They built things other people cant do and the lea
Es always about money. Melissa president obamas bipartisan rhetoric after the midterms apparently just lip service. Fox news is learning that the president is firing up his mighty person unveiling an executive order on immigration order next friday. As senate prepares for a vote on Keystone Pipeline the white house already hinting at veto. Here to discuss were waiting on very own charlie gasparino. We have empty seat on the set. Im sure he will power in her any second. Veronica daguerre from wall street journal. Jack otter from barrons. Thanks for you two guys being on time. Veronica, the president is doubling down on policies that got his party kicked out of washington. He seems to be committed to that and America Melissa thanks for joining us, charlie. A seat right here. Im sorry i was on the phone. Keystone to go through. Both sides of the aisle look forge that. Looking to make that happen. Because they want jobs created from that. They want that policy and they want cooperation in
This amid reports theyre following in wall streets footsteps with a minimum wage hike. The sec paves the way to vote on a potential spin off. And welcome to Worldwide Exchange. The fed did it again. Removing the word patient but saying the rate rise would not come as likely. The nasdaq composite breaking 5,000 briefly in yesterdays session. Lets take a look at u. S. Futures right now. They are pointing to a lower open despite the rally that we saw yesterday so it does seem like theres a little bit of nervousness in the market. Investors still trying to assess what that fed statement means for Global Markets. The dow down 53 points in todays trade and premarket but back to the rally we saw yesterday utilities moving higher and lower Interest Rates makes dividend yields look relatively more attractive. In response we saw the dow utilities gain 2. 6 in yesterdays trade. Energy stocks also gained ground in yesterdays trade and a surprise by many janet yellen addressed the negative impact o
Demonstrate in athens over fears of more cuts. A change in fashion. Clothing sales rise for the first time in four years sending its shares to the top of the stoxx 600. Hello and good morning. The last trading day before easter. A lot of people already on the slopes if theres still some snow left in the alps. Exactly. I love how the skig season extends into april. In the u. S. It ends in february or march. Im going to italy to do hiking and sightseeing. What about yourself . Going to see family. Got to make time for that. Even though its a shortened trading week we have a lot of focus on whats going to happen tomorrow. That will give us more clarity as to whether the fed will hike rates in the month of june or perhaps even in september. The big question is the fed has a dual mandate. They need to see acceleration in jobs but also signs of inflation because of course that has been the big concern not just here in europe but also in the u. S. Expectations 295,000 jobs in the month of feb