Problem. Sea levels are rising but new data shows the ground is also sinking. Why is that happening and how fast is a potential impact . First lets get a check on the markets. The dow industrial barely hanging on to the green, the s p 500 in the red, down fractionally, but nasdaq composite off by a third of a . Chips have been the hottest area of the market lately but also pulling back a little bit down almost 2 at 1. 6 . Down about 4 . For more on whether markets stand after a strong recent run lets bring in mike from the new york stock exchange. The market keep it up . I think you might expect down actually about 12 from friday morning, that may be you wouldve thought the market wouldve had a harder time handling that. In fact, the market that was pretty overheated over four months, last week was only the third down week in the last 18 or 19. The cooling off is happening in an orderly and relatively painless way because it is happening through rotation and a broadening of the market.
Greece. They did not explicitly ask for it. That is a real change from before, but there is no movement from the imf, from jack lew, and from donald tusk at the eu at the commission asking for a change of actual right now. Tom we will have a special focus in the 7 00 hour with alan ruskin of Deutsche Bank. Lets get you to top headlines. He is unpracticed on this. And in greeley. Brendan it appears greece blinked. Alexis tsipras has proposed a bunch of spending cuts, tax hikes. In return he wants a 59 billion bailout, wants longterm debt to be made more manageable. Francois hollande calls the new plan credible and serious. That is the most important word there serious. Voters rejected a similar proposal in the referendum on sunday. A few hours from now, the Confederate Flag will no longer fly on the grounds of the state capital in South Carolina. The legislature voted to take it down in the wake of the murder of nine black Church Members in charleston. Nikki haley, the governor signed i
Uncertainty including the delay havee tax reform bill, we stocks. The bull is marching on. Btv 287,e a look at this represents the monthly gain for the dow. The dow has had its best months since february. The same thing for the nasdaq going to july. A strong october. Look at october of 2016. Big decline. October was a strong month. We have been having a strong thirdquarter earnings season. Oil tradingave higher after a bullish api report come a helping big names trade higher. Nearly 55 a barrel, pretty amazing. Above the 50 mark, psychologically important. In the best longest winning streak since july, we have some big earnings movers. Lets take a look at what some of the top stocks were. Including estee lauder and concorde resources. Earnings by put up 25 25 . Resources, clorox, their view is the midpoint trails estimate, but lots of strength here for these companies. Fueling those records, breaking news on the middle east. Its alliess asked for financial assistance, trying to repleni
Are the most important pard of the show. Tweet us or leave us a comment on facebook. This week, unemployment in america is down. Hiring has slowed. Well explain in a moment. For now, lets look at the job numbers for september, where we got 18 days behind schedule thanks to the government shutdown. The Unemployment Rate dropped to 7. 2 from 7. 3 in august. That is the lowest in almost five years. It sound good but its not, really. The u. S. Only added 148,000 net new jobs 45,000 fewer than were created in august. Its worry son. We should add between 150,000 and 200,000 or more per month to sustain economic recovery. We are not doing that. The trend suggests that job creation may be slowing, without factoring the jobs lost or furloughed because of the shutdown. That information in the next jobs report in november. Why would unemployment and hiring come down . The reason is because Labour Force Participation is low at 62. 3 . Thats the percentage of all working age americans working or ac
Prospect Financial Services LLC bought a new position in shares of iShares MSCI India ETF (BATS:INDA – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,861 shares of the company’s stock, valued at approximately $628,000. Several other institutional […]