First off, your reaction when you heard about jamie dimons throat cancer . Betty, i am a human being too, so we are all aware this type of thing could happen. It is horrible, i wish the best, and i hope he requires recovers quickly. As he was saying, it was detected early, it is curable, and he will be working throughout. There are questions about who will succeed him, and he noted they have Succession Plans for the immediate future, in three years, and in five years. Had thisst time we conversation about succession at jpmorgan was one jamie dimon was president obamas favorite banker and people were thinking he might be the next treasury secretary at some point. Stated, and aons successor was, sort of, anointed, and of course, that discussion faded and that person eventually left jpmorgan. Now, once again we are in this discussion, and people are talking about the head of asset management, and gordon smith, who runs the commercial management, and of course, the coo who used to run the
Check out the stock market in the early going. Right now, the dow futures are up by about 19 points above fair value. S p futures are up by 1. 5 and the nasdaq is up by 3. 5. If you were watching oil prices, youll see right now theyre down by half a percent. 104. 85 for the wti. The tenyear note at this point is yielding 2. 556 . Take a look at what the dollar is doing this morning. Youll see right now the dollar is up against the euro. Euro is at 1. 366. The dollar is down both against the pound and the yen. The yen is 101. 44. Gold prices look like they are up barely, 1,327. 80 an ounce. Among our market newsmakers, we have jim grant, jim paulson and andrew ill send it over to you. Thank you, becky. Our top corporate story this morning, jpmorgan chairman and Ceo Jamie Dimon announced late yesterday has been diagnosed with what hes calling curable throat cancer. Kayla tousche joins us now with more on the story. A lot of people on wall street and washington are talking about this situ
This is front and center for monetary authorities in the united kingdom. Well, mark carney said last month im surprised we do not think people will raise rates next year. Economics we have a lot of stuff. 7 00, the Weekly Mortgage application numbers. Adp employment figures. Adp creates about 20 of the paychecks in the united states, so when payrolls jump, it we should set up a schedule here for the next 48 hours. It is three days compressed into two. Adp today, then tomorrow back to claims another private survey as well. It is essentially three days squeezed into two. All the more reason to watch bloomberg surveillance worldwide. 10 00, we have the factory orders. Flipping the page, earnings before the bell. Told you yesterday Constellation Brands was reporting earnings. I was wrong. Today, i mean it, it really is today. An item of note, janet yellen will be speaking to the iis centralbank conference in washington. Second data check. We begin the earnings dance next week. Futures cont
Janelle yellin continues to demonstrate genuine horse sense in her desire not to use higher Interest Rates to combat financial risk taking. With the dow climbing 90 points. Nasdaq decline d. 02 , i think its worth explaining why i believe this bull can actually keep running. Even though you could get garden variety pullbacks along the way. Heres the thing. Sometimes you need to sit back and try to wrap your head around why a stock thats been a terrific performer could still go higher. I say sit back. When we see a stock that had a huge run, our Natural Inclination is say too late. You look at the markets winners winners keep powering higher. Why dont we take a moment to go over the winners. Defined as stocks that have moved up the most since we hit dow 6,000. I will show you how to buy these stocks. Its still imminently reasonable. Let me take the other side of the trade. Tell yourself you missed each one of these moves and move on. Let me take the other side of that trade for a second
Line up were ready to take some questions. Hi, my name is sean, and im from the university of san diego. So speaking about incentives for Congress People to take the long view, take the hard vote, what do you think in your opinion is the best solution to incentivizing individual Congress People to take the long view . Well, first of all, nobodys going to do something that deliberately and intentionally causes their loss. That wou defy the laws of nature. So im from kansas so if i went up and i said wheat programs are bad for this country, im going to vote against them my constituents would think i was nuts. Okay. Because im sent there to represent their views, their perspectives on as much as i can. But im also sent up this to use my own up there to use my own judgment with as well. And, you know, my judgment is that philosophically these jobs were not meant to be permanent jobs. There was meant to be turnover. It doesnt mean i believe in term limits but it means that people have to ha