Between him and donald trump. The nikkei to 25 about. 5 higher than weve seen. And of rockets around the region really outperforming, including australia. Some intra incremental gains, the dollar yen has been interesting on thes expectations from the bank of japan. For impact when it comes to the japan equity rally, its been sort of a nonevent. Weve seen any attempts turning short on japanese stocks becoming increasingly risky. Shares of socalled lowquality companies have seen quite a lot of volatility on this Reform Program that has driven so much of the optimism toward equities. Watching on the back of that Political Risk aspect as well. Looking at korea, seeing a lot of foreign buying interest. Similar optimism that perhaps about your program can be successful and can elevate a deal with the korea discount in the same way weve seen it successfully done over the past few months in japan. A lot of chip stocks are in focus today. Chips in focus as we continue to see this too and fro fr
Charles payne this is making money. Breaking right now the beatdown continues right . The biggest names that ever traded in the stock market continue to take it on the jaw. Was this sort of an overdue kind of move or is something more problematic ahead . Im happy to say were joined by one of the best in the best ed yardeni will start us off to guide us through the turbulence. Also beth kindig how much longer than the tech names tumble and is there something she wants to buy right now . You want to know. Sam bankmanfried will take the stand. We want accountability beyond him. What about wall street . Make sure this never happens again. Inside gaza, Rebecca Grant on what happens next. All that and more on making money. Charles to say it has been tough sledding for the market is an understatement. The nasdaq the last two days, the worst two days for the year. It nice correction territory. The s p 500 slipped under the crucial support point. Every day we talk 4200, 4190, whatever you want
It hit its highest level since the election here in the u. S. It is calm. The dollaryen pretty much goes nowhere. The vix is down by over 1 . Gold, which you would think is a real safe haven bid, is going nowhere. Jonathan and just a moment, the Prime Minister of the u. K. Will be heading over to Buckingham Palace to meet with Queen Elizabeth ii. This is largely seen as a formality. Its historical theater. She does need to form a government. She will have to reach out and she has done that with the ireland Unionist Party to form a government. That will happen. It she has to do this is the headline. The u. K. Has a Hung Parliament after yesterdays election. That is not the outcome she was hoping for. What the people of the United Kingdom voted for last year was for the u. K. To leave the European Union. We have started that process in motion. There is no turning back. Now is the time for a general election because it will strengthen our hand. The britain i love is under threat. The Prim
Flanneryw ceo jeff as the new ceo. I love the job, the company. Andink today is confusing, on the other hand so interesting. Iran gen 2008. I ran ge in 2008. It was bad every day. David joining us now is a bloomberg as dus analyst for intelligence. Why now . Jeff immelt had been getting pressure from all sides. Theystepped it up when initially bought into the stock. Would be passive investors, and when the numbers did not come through, they stepped up the heat. That was part of it, but it had been coming from a lot of different directions. David why hasnt jeff immelt been able to get the stock up . 2009, he did get a nice bounce as he started to redirect the company. Is a questionat among a lot of people. Shrunk ge capital, went back to the industrial base, started a major Digital Strategy , but the numbers have not been coming through and people have been upset about the cash flow. It is one thing after another that has led to the frustration. , that decided that immelt it is time. Th
Peter out, crash, i dont know, it has to run out eventually. On the other hand, no one could seem to agree on what might cause the rally to end. And despite todays down action, dow slipping 54 points, s p backsliding 0. 53, nasdaq declining 0. 56, i dont think its over. Its just morphing into other areas not yet picked over, which is what happens when much of the s p 500 is higher and the russell 2,000 index and small capitalization stocks goes up for an astounding two weeks in a row. I cant tell you how rare that is. Hallelujah. Sure, you heard people say maybe trumps appointments will bring things down, or maybe his trade policy could cause a backlash that could hurt our exporters. Or the media wont let up on him and the recount story might make waves, or the dollar has been too strong since the election. Or even that his reaction to the death of fidel castro with a couple of hard line tweets is to flaky to gain. But honestly, i heard nothing that stuck. Nothing is going to repeal th