How the heck do you immunize against this washingtoninspired lunacy . one way to vaccinate your portfolio is to focus on dividends. Lets puzzle through this first, though. I dont believe the government is going to stop paying interest on treasury bonds. I think the administration will prioritize with the pay, if congress doesnt raise the debt ceiling. Remember, i said if, not when. So it might not be as catastrophic as you expect, but its pretty cataclysmic. I think theyre to buy all the debt thats for sale in the event of a technical default. The fed could make a killing on this debt. It doesnt care about the yield being in jeopardy, like everybody else does. There comes a time when the government either issues debt or default. That has to happen. But im not hearing its going to happen until the end of the month, and that is a long way away. All deadlines seem to be fungible. The seeming lack of concern about treasuries given editorially rise in bond prices and the decline in yield, m
Sterns. Shares closed up more than after ancent 8 analyst at wells fargo boosted evaluation by 40 . They cite potential for m a and margin expansion. An outperform rating on sprint. Apple beat android in mobile shopping on christmas day. Apple operating devices were used to make 20 of all e monday, purchases on compared to five percent of Android Device sales. Fundraising plans were disclosed in an s. E. C. Filing today. Venture capitalists are flocking to companies tied to the virtual current see bitcoin. They raised 25 million. Very goods been a year for the mutual funds industry. U. S. Investors poured money into stock mutual funds more than they have in the last 13 years. Largestt taking the mutual fund. It beat out pimcos total return fund. Executive is chief and cofounder of adviser investments, helping to oversee nearly 3 billion in investments. Jim odonnell is the chief Investment Officer of forward management. They have 5. 5 million in assets. Explain peoples expectations. Oin
Releasing the september jobs report next tuesday. So on forget our jobs friday. Its now jobs tuesday. Last months Producer Price index will be announced on the same morning. Then on wednesday, were going to get september cpi. Steve liesman, of course, and all these numbers are going to join us 8 30 eastern time with more on what we can expect. Before we do all of that, michelle has this mornings top stories. Andrew, do that again what you did with the fear index. Ooh, the fear index. It sounded like homer simple standard operating procedure, it was really funny. In global news, chinas economy glooe grew 7. 8 in the Third Quarter. In line with expectations. But the countrys sta. Ic bureau said growth showed signs of slowing in september. Speaking of china, chinese computermaker lenovo has signed a nondisclosure deal to examine blackberrys book. But the Company Reportedly faces regulatory obstacles if it bids for all of the company. It is said to be likely to pursue parts of blackberry.
The indian ocean intensifies. Investors are cheering the head of the Luxury Fashion Group Mulberry this morning. Its down after a major profit warning. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hi, everybody. If youre just tuning in, thanks for joining us on the show. You can see how the u. S. Indications are for what were going to be seeing this afternoon when the u. S. Markets open. Remember that the yellen effect took hold of u. S. Markets yesterday. Were just seeing markets being called a couple of points lower, if anything, not by many much. Were really interested to see whether this will last or whether its a temporary bleep in the markets, as it were. Our european markets, though, this morning, we were called quite a bit lower. Were hanging on to these losses by a bit. The ftse 100, 6523, off by 0. 7 . Yesterday, you and i on the close were looking at markets that were slightly mixed and cautious trade, as well, ahead of the f
But its a mostly positive picture in europe and the roadmap today starts with what else but the markets set to open higher yet again after comments from russian president Vladimir Putin but with the fed meeting kicking off today will stocks go back to trading on news from this country. After a long wait one of microsofts flagship programs is coming to your i pad, well tell you which one in just a moment. And theres a new player joining the used video game market and its the biggest retailer in this country. Find out if used games will boost walmarts stock a little later on this hour. Wow, we got a big day, jim, and most of the news today, the news flow, is coming out of russia. Yes. Putin is responsible for the futures being higher. Well, obviously took a big position at the close. Do you think that do you think facetious and here comes another facetious comment. I saw you said that norway and ireland are down. Dublin and oslo worried about putin coming in there. I love the idea that s