Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Is the context here. Stocks are a little bit lower, but its from elevated levels. Interest rate sensitive stocks are leading declines with bond yields pushing higher today. To put it in perspective, we have seen an enormous rally already and stocks thus far this year. Take a look at the bloomberg with the s p 500 up 7 . We have seen 2 trillion added to the value of u. S. Stocks alone, not even global stocks. That is the most on record. We have seen a lot of wealth added as a lot more people have been piling into the market this month. The pullback today, take it with perhaps a grain of salt. That said, there are some interesting downward movers we should point out. One of them is apple after a report that the company is going to cut in half its Production Target for the iphone x in the three months from january in this quarter from the figure of over 40 Million Units it had projected at the time the phone came out in november. The shares getting hit on that. Wynn resorts following 10 o
On the peninsula. A few upper 30s. 41 in menlo park, hayward, 53, there is a little component of an offshore breeze for some, but not that strong. High pressure over the sierra, even higher clouds are deflecting everything well to the north. By that i mean it pacific northwest. I do not see much changing here. High clouds today and a dry trend for the next several days. Warmer towards the end of the week. Things are getting busy on the roads . Things are deafly getting busy. We have lights on at the bay bridge toll pleasant. Traffic is getting backed up things are definitely getting busy. We have lights on the bay bridge toll. Traffic is getting backed up. Things look good near downtown oakland. We are looking at traffic, peninsula, not a bad commute. The northbound 101 and the 285, these are doing pretty good. If you are driving to san jose, it looks all right as well. A Richmond Police officer is recovering after being hit by a car over the weekend at a sideshow. We go live for the l
President s address and the monthly jobs number. We got shares of dr. Pepper and keurig is buying the maker apple continues to move in the opposite direction of the market another report of the iphone weakness as the month heads into the home stretch, s p 500 on track for the best january since 87 busy earnings calendar including results from all, you got the president s address tomorrow night, yellens last meeting as chair of the central bank and the jobs number on friday. 271 is getting peoples attention. There is some theory that yellen is more hawkish on this run. She ought to be hawkish i look for weakness in this economy and i cannot find it consumer is strong and corporate spending i got to tell you, tax reform is working. The more ceos that i speak to or everybody in the Overall Community lets call it the more you realize, there is still not in any way full appreciation and even only a slight of appreciation at this point for what the ramifications are going to be. Many words a
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