Standout. Take a look, the nasdaq closing above 10,000 which is a now record high, the other majors under pressure. Ordering food delivery. Grubhub to be acquired by European Company leaving uber empty handed. Grubhub soaring this morning, almost 50 7 rather on grub hub. Dont miss that. Valuable insight. President trump headed to dallas to talk Police Reform as protestors continue to take to the streets across the country. We have all the latest happenings coming up. The next jobs in america, with more people working from home the cyber threat is growing. The growing demand of cybersecurity. Mornings with maria is live right now. Maria and Global Markets this morning are under pressure, take a look at burpan indices selling off the morning, ftse 100 down 122, cac quarante down 101 and dax index down 244 right now. In asia right now its red across the board, we will bring you all of that coming up. Oil prices are also sliding this morning along with stocks. This, of course, indicater, s
Overall. You can see germanys dax regaining some of the losses, france is the only major indices in the red right now. The tenyear note yield very important, one of the reasons why the financials have performed so poorly and there is that yield, down just a bit, 2. 362, although this is right around where we were yesterday. As for oil, up and up rather nicely. And the latest s p case shiller home prices report, prices up 5. 9 in january compared to a yearni year ago, faster than the 5. 6 economists had been predicting. As for the road map, ford expected to announce significant new u. S. Manufacturing investments this morning. The automaker receiving high praise from the president. Plus futures are pointing to say flat open, the dow seeking to reverse course from the longest losing streak now since 2011, six years, and yum brand ceo reid will sit down exclusively with our own sarah eisen. Nobody elses. She is a road warrior. Lets deal with the bond issue up front, about an hour ago we g
Actions of public companies. If you look at the companies with stocks that currently trade, you might not see the oncoming train of a private Company Coming right at you. Thats why we travelled out west to sit down with all sorts of privatelyheld companies to hear what they were up to and how theyre going to disrupt industries. Its why we check in with cus of fledgling companies. When dont want you to be surprised. I have been dragged kicking and screaming into the new era but not necessarily how you think. Half dozen years ago a group of us from summit, new jersey, decided to buy an in down the block from my house. I have been known to whip up pretty mean scrambled eggs there. I am working on poached ones. We didnt know anything about the lodging business. The building seemed nice. I thought wed have needs like around the clock coverage to check people in, get them out, get them to pay. I thought there was no way anyone would hear about us unless we spent time and money on advertising
Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote an environment for an flourishing economy, and the second to avoid inflation so people cant keep up with the rising price of goods. I certainly am not in favor of turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the pr
By higher rates. Right now, after that barn burner of anmployment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. Thererwill be negative reverberations in emerging rkets. Thats a given. Theres always people caught up in that old trade. Thats one reason im not crazy about a rate hike. Them every day for weeks on end. Most important, i believe the causing the exports of our dramatically versus overseas competitors. Well have playoffs as manufacturers cant keep up, as we open borders versus every other country. They seem to be offset right n