London. Im francine lacqua. Lets quickly check on the markets. We decided to plug pound before anything else. If you were to choose one story you wanted to date deeper into, it would be bank of england and repercussions of a brexit on whether they will do qe and what an Interest Rate cut means for the economy. For europeanicture stocks overall, gaining a touch. We had earnings news here in there. Crude oil at 43. Lets get the bloomberg first word news with nejra cehic. Nejra siemens has raised its earnings outlook for the year after higherthanexpected thirdquarter profit. Europes biggest Engineering Company said profit from socalled industrial operations rose 20 in the three months through june. Chicago fed president Charles Evans says one rate hike could be warranted this year. He expects growth to increase in the second half of 2016 following disappointing gdp readings in the first two quarters. Investors are awaiting fridays jobs data for july. A woman has been killed and five other
No, that actually was good for the market t. Dow gained 126 points t. S p climbed 4. 6 . Nasdaq advanced 0. 4 . How did these terrible things suddenly become good for stocks . This market is trying to find a footing where it doesnt go down every day and segments hard hit can be ready to rally. Its finding its footing in all the wrong or ignorant places. The fed kept Interest Rates low. Banks need higher rates to make more money after your depositles. The stocks got dumped. It doesnt matter at all to people that the banks were actually quite doing quite well here in the u. S. That its got more robust lending than anywhere else on earth. We learned last week when john stumped the ceo, wells fargo came on the show. He made it clear it was excellent t. Stock got hammered. Big money matches, what do they want . Lending is a risky business. Even if you are wells fargo, which is an amazing sir couple spent lender. Nope. The stockmarket prefers its fool proof when the banks take your deposits
Mali is that military actions alone cannot solve the problem. Okay. Must be a concerted effort to solve the situation politically as well. Thank you for that indeed and we will come back to you but for the moment we are there live and you join us at the top of the hour with our continuing extensive coverage of the hostage situation taking place in malis capitol bamiko and bring you up to date with what we know so far and happening at the luxury radisson blue hotel, very popular with tourists and officials. Three people have been killed and Security Forces have managed to rescue around a dozen hostages and now initially there were around 140 guests and 30 Staff Members being held and total of 170 and know there are at least ten gunmen involved in the ongoing situation and amongst the hostages are chinese, french, turks and nigerian nationals being held inside that building. Most of the gunfire taking place on the seventh floor of the radisson blue. This is located just west of bamikos c
The day when we rallied in the motion and then gave it up right before the close. The dow inching up eight points and the s p declining. 1 and the nasdaq plunging. 7 higher. I like to look at this, and like all healthy bull markets ignores bad news and focuses on good news. Any bull move, any, can be sung to the tune of johnny mercer, acentuate the positive. This is Glass Half Full market. Let me show you how it really works okay . Because so many people have forgotten what theyre like. Im not talking about the faux bull market leading up to the crash of 2008. That market was led by china, not us with the minerals, coals and fertilizers and heavy Capital Equipment stocks leading the way. No, that had no breadth. Real bull markets are almost always rotational, rotational in nature and they have enduring qualities like perpetual Silver Linings as well as innumerable buying opportunities that must be taken. Buy, buy, buy before they disappear. The best look at the average to ponder over t
The day when we rallied in the motion and then gave it up right before the close. The dow inching up eight points and the s p declining. 1 and the nasdaq plunging. 7 higher. I like to look at this, and like all healthy bull markets ignores bad news and focuses on good news. Any bull move, any, can be sung to the tune of johnny mercer, a sej serve wait the positive and. This is Glass Half Full market. Let me show you how it really works okay . Because so many people have forgotten what theyre like. Im not talking about the faux bull market leading up to the crash of 2008. That market was led by china, not us with the minerals, coals and fertilizers and heavy Capital Equipment stocks leading the way. No, that had no breadth. Real bull markets are always rotational, rotational in nature and they have enduring qualities like perpetual Silver Linings as well as numerous buying opportunities that musting taken. Buy, buy, buy before they disappear. The best look at the a nat smee to ponder ov