Minutes into the trading session already. Julie hyman keeping an eye on things. Reached the0, we level yesterday, closing just below it with the doubt hitting and other record dow heading another record. S p 500 at another record. Nasdaq not quite there, little change but to the downside. For thebeen ramping up anniversary of black monday, october 19, 1987 is the date we have been watching. And that is when we saw the market crash. We want to put things into prepress into perspective. This looks at percentage changes in point changes in the Dow Jones Industrial average. You see it, it shows how big of an anomaly it was. To put it into perspective, if you would see the same change today in the dow jones, the same magnitude, it would be about 5000 points coming off of the Dow Jones Industrial average. So to show how unusual it is. The moves we have seen recently are much smaller, not just in the dow but with the freedom but with the three major averages. Withve seen point moves, the s p
Warm wul come to Worldwide Exchange on cnbc update on the market picture this morning we had gapes last week, the seventh straight week of gains for the s p and the dow. The nasdaq led the week for returns up 1 , s p less than that, the dow up more like half a percent. The nasdaq needed a 2 gain on friday to take it into positive territory for the week for the whole and some of the tech earnings we discussed late last week the main driver, the alphabet, google, microsoft, for example. This morning we are mixed to low. The nasdaq holding on to slight gains but the dow down 32 points we did see yields rise above 2. 4 middle of the week, we were pushing close to 2. 5 2. 44 was the level we hit. We did come back by the end of the week and were just above that 2. 4 level this morning looking at asian equities, the nikkei having another stellar performance last week, up 2. 6 as you can see didnt quite go into the red today but still had a fantastic run of late 22,000 the level there. Hong ko
Yeah. So here are the facts. Facts are i dont know whether were going to win or lose tomorrow neither does adp, so when i saw fabers report i was kind of puzzled by it, so i looked the top ten investors own 32 of the company. 75 of those shares have not been voted yet, and why is that . Because the big institutions wait until the absolute 11th hour to vote because they dont want to get lobbied by management or us want to put their votes in and have it be definitive. I dont know if theres any way someone can call the election and point out under the proxy rules its illegal for either side to indicate how the vote is going. Now, obviously mr. Faber is going to report whatever sources he gets, but, you know, i certainly have no incentive to have him report that were losing so clearly someone on the other side perhaps it suggested that. Its just not appropriate behavior the bottom line we dont know today, and and, you know, well just talk about what the proxy contest is about whether we wi
At brown university. Finally, we will get consumer data info for march. Jonathan im not sure the fed chair is going to make any news today. She is speaking at brown university. 125 yearsmemorating at brown. Speaking, you is have to listen. Jonathan on this occasion, maybe not. Lets get to the top stories. Payroll is out at 8 30 a. M. 4. 6 will be a Unemployment Rate. Chiefg us is our economist. Although with this is ethan sheis lets pretend delivers the speech and she looks at two things, the payroll report and what is happening. What will be the biggest concern . Ethan its the job market. Weve had the slowdown in the fed has been saying no big deal. We are not concerned about it. That keeps june it very much alive area if we have twoweek job reports in a row, we start to worry. I think its a very close call. If this continues, i think they skip. If we get a pick up in data, i think they hike. Jonathan how much lower would it have to be to take june off the table . Would get two more j
Program walks on two legs, the leg of policies and the legs of debt sustainability. Autos power ahead at the open after european car sales get back into gear with a near 8 rise in may, while the steam comes out of the tech selloff. Nestle loses its sweet tooth as it looks to sell 900 million u. S. Confectionary business in a potentially significant effort to focus on its health strategy, sending the shares higher. Uk chancellor Philip Hammond is arriving in luxembourg. Lets get out to willem. Thats our main dominating theme today, it will remain so over the weekend as bodies are recovered, we start to get a sense of the scale of the tragedy. My presence here today is a sign of other continued engagement with the European Union while were members of the union, its a sign of our commitment to being close partners with the European Union after we left and i can confirm that as we enter negotiations next week, we will do so in a spirit of sincere cooperation, taking a pragmatic approach tr