We have learned of two big new problems just today. Those stories and much more coming up in the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Right now here is the top story. With the possibility of a Government Shutdown now just slightly more than four days away, republicans are speaking out today. Take a listen to house leaders john boehner and eric cantor. On the debt limit, were going to introduce a plan that ties important spending cuts and progrowth reforms to a debt limit increase. For too long president obama and his democratic colleagues in the senate have chosen to ignore our looming debt crisis. And president obamas plan has been and is still more debt and no reform. All right. Cnbcs eamon javers joins us from washington, d. C. With the details. Big day, but not much progress made toward an ultimate deal made in washington today. And its starting to look l
Bailed out like the banks . It sure looks like it. 65 of americans by the way are totally opposed to it. All those stories, much more coming up on the kudlow report beginning right now. Good news is good news today. Big jobs, big stock rallies. We have all the details. Good evening. Larry, plenty expecting a nonfarm payroll report, but no one predicted the markets would react this week. There was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. Cyclical sectors were strong and even the Interest Rate sensitive groups had a good day. We closed at the highs. But what about the taper fears . Remember bond yields had moved up from 2. 5 at the end of october to about 2. 9 today. Most traders havent changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. Finally, janet yellen will believe to enforce that tapering is not tapering, like
For many Money Managers to show how brilliant they are. And how do you go about showing the world youre omnitient. How about buying the ones that just wont quit. Ive seen this game played so many times over so many years, it does make me heart sick. But i also know how its played. And while ive shared many of these stocks with you since the year began, i want to give you the ten names this market has anointed. A stock that Money Managers are going to show their clients that theyve figured out. These stocks, these ten are the ones the in the know boys are buying here. One caveat before i give you this list. The government closely monitors the markup process. Thats where institutions come in and buy their own stocks very aggressively. With the express intent of moving those stocks higher in order to bolster their parent performance. Say hedge fund owns 500,000 shares and the manager comes in with both guns blazing and helps move the stocks up a dozen points. That manager 1yu69 added a gr
I have no problem with it. Even as it certainly isnt my style to radically overpay, which is why im not going to sweat how the ipo of the year, twitter, traded today. In an otherwise soggy session. Dow gave up 115 points. S p drop 1. 32 . Nasdaq declined 1. 9 . You most likely all know, the Company People thought would open at 22 a share a few weeks ago, which actually opened at 45 and change today. You watched the saga today with a jaundiced eye, as i did. I thought it was imperative to put the companys stock within the valuation confines of the other industry in industry, social mobile and cloud space. As someone schooled in relative evaluation, meaning how does twitter fit in with the rest of the cohort even if the cohort has scarcity value, i arrived at a 28 price in the cool of the night that i felt wasnt prudent to go above. Because thats what the universe of facebook, yelp, linkedin and other social, mobile, cloud plays yielded as being reasonable. I reiterate buying the stock u
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