Up 5 this year include iing th gain right now nasdaq up 6 this week s p and russell 2000 also Higher Telecom and health care are your Top Performing josh brown, remember the end of the world last week in what has changed between five trading days ago and now actually, so my view is that nothings changed. And something changed we were down 2,000 points. But you said whats changed about the state of the world truthfully nothing my big take way and people have heard me say this before but its still important risk is never eliminated never dampened so people feel better. Theyve seen this big snapback nothing fell this week stocks rebounded so did gold. The long bond went up u. Two out of 30 dow stocks are negative and four out of five sessions were positive 1 gains in the s p or more you have to go back to october 2011 after another spate of volatility to find another example where youve seen Something Like this. The largest stock in the world, apple, up 11 in the week. You havent seen tha
Look, on some level, what we got in the last couple of days is folks that are really both addressing the moral issues for and how it gets in the way of their line of work and then into a political tactician. Some jumped on the band wagon late youre assuming its because of charlottesville he says because of the appointme appointment. I think thats not, to me, strikes me as cover for whats going on i havent heard much about what hes done in the last several months to me, he was using that as cover. I think this could have market impack fast money will catch it and cover it absolutely. I think its a slap in the face to the administration i think the its a slap in the face considering the timing of it the its terrible, but i dont think its going to have market impangt. You have Something Like icahn on the night of the election, said i am buying futures an bought a billion dollars worth of futures that night. Now saying you know what, hands out. Markets at highs. I think im going to take my
The action begins, now lets get to it because while the s p is falling more than 1 in the last month, the socalled safety sectors are rallying. Telecom and utilities up more than 4 . Even consumer staples, managing to eke out gains. If volatility picks up, is this where you want to be dan . Its interesting because you know, we used to talk abou Interest Rates we thought we were in rate increase cycle here. Fed fund futures are pricing less a 35 chance of a hike in december thats why youve seen these rate proxy names come back to life telecom is an interesting one. We know theres some pretty fat dividend yields there. We looked at utilities here, staples are acting well. So at the end of the day, if youre looking for safety trade, if volatility is going to pick back up, volatility may become a factor, it makes sense to look at some of these ones that are with some decent yield michael, what did you do . One of the things thats interesting about these safety stock, you were talking about
Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
The job Training Programs for africanamericans in this group to go into these areas and earn as they learn. Colleges we have 18 or 19 colleges whose mandate is to take the money that we give them to the farm bill and spend in teaching, research and extension. Why not create the other spending category for scholarships and loan forgiveness . Students who will go in and take openings of these job in agricultural business. Please, we have got to get the putto get off the dime and the issue of africanamerican employment on the front burner. That is the core of all of the domestic issues we are facing. That is the childbearing group. What are these fathers to do . What is there for them . That is why we have so many of the situations in baltimore, chicago, and other places and it pipeline totraight why we got 1. 2 million of them sitting in the prisons. Would you help us with that . I would love to work with you on it. Ms. Yellen i want to assure you that we recognize how serious the proble