Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi
Decoupling markets in asia and europe were slightly weaker but here in the u. S. Were in the green. Treasury yields at this hour as well, we have seen some better than expected german labor data cause some firming in the global bond markets right now the 30 year is just sitting at a 2. 15 yield the tenyear, 169 and the twoyear at 164. That story that really dragged our markets on friday. We finished off the lows on friday any way only down half of 1 on the s p 500 by the close, but clearly if that story is turning around, its unsurprising to see futures up a little bit this morning. Broader market was down 1 last year. The u. S. China trade fight continues to dominate the Global Market headlines friday, stocks dropped amid the report that u. S. Would limit eunice yoon with the latest. Hey, eunice. Hey, guys if its true that the u. S. Officials are clarifying that the Trump Administration is not going to be imposing any restrictions on u. S. Investments into u. S. Companies that would d
Le we have the editor of the book report thanks for joining us were going to check on markets see how were set up heres the futures dow down 15, nasdaq down 20. S p down 5 coming off the huge rally to close on friday, another strong week of gains for wall street. How about the tenyear, 2. 65 last week. We begin the week at over 2. 7. Did you see that i think the futures are down. Thats a sticker shock to people tenyear at 2. 72. 30year, just a hair under 3 fiveyear under 2. 5 twoyear, 2. 15 wow. Lets get you caught up with stories were watching perhaps the biggest over the weekend, saudi arabias prince alwaleed has been freed. He was detained. We talked about it for the past two months with the corruption crackdown. Several other officials and saudi royals were rounded up and they were at whats known as the ritz prison. Youll get to see it the ritz prison and alwaleed described it as a misunderstanding there are no topics its just a misunderstanding its a key position we had it was a d
And he just bought more today. Hes going to give us the name and, chances are, you might own it too and black rocks terry sims son said the trump trade is on, quote, life support. So what does that mean for the rally . But first, we start with what seems to be the magic words for this market, tax cuts. Every time someone from the Trump Administration utters those words and recommits themselves to be the agenda, the market takes off after paul ryan said the party is unified on tax reform during a town hall last night the dow having its best day since april. Soaring nearly 200 points. As the markets soar, the volatility index sank. The question is tonight, do you continue to buy stocks on hopes of tax reform and how much higher can this market go . Guy great to have you on board. Maybe what everybody was thinking about in the past. Whats the question were going to attempt to answer my answer would be yes weve been pretty steadfast in that belief. Brian kelly about a week ago at the heigh
Controversial edit in its new ad. Hell stop illegal immigration by building a wall in our southern border that mexico will pay for. And former presionnt bill clinton takes aim at the gop while on the stump for h wife. People run, an believe it or not, its kind of scary this year, but believe it or not, most everybody actually tries to do what they say they are going to do when they are running. Go home. Authorities in oregon ted armed protesters that took over a government building wrap it up. Its time for you to leave our community. But on day four of the standoff no sign that that group is ready to back down. And l. A. Story, not one, not two but three nfl teammates apply to relocate to los ameeles overnight. Who will land a ticket to hollywood as the home towns of those teams looking to leave wonder wheres the love today, tuesday, january 5th, 2016. Announcer from nbc news, and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning, everybody. Welcome to todayfr