Number of different records being set, quite a number of them. The dow has set 42 highs over the course of the year. S p 500, 38 highs this year. That it has49 highs set this far in 2017. 49 record highs. 11 in the Third Quarter. Clearly, the dow has been the upper former here, playing some ketchup. It saw that big surge came down, and then came back again. Big stocks not seeing that of a percentage gain, but because of their leadership, we see them helped lift things over all. Netflix, amazon, alphabet among the gainers today. The trend im talking about in terms of small caps versus large caps, the dow has been doing well but small caps have been doing even better. That is another group that surged postelection, came down, and rising once again. We are looking at the lows. The top line is the small cap ratio to the large caps. We have seen small caps takeoff in the last month and a half or so. Down here we have value versus growth. , thes not been as dramatic offline, but we have star
The major averages trading at the moment. We are seeing a big boost coming from the news that kevin walsh could be the next fed chair. We are things that s p 500 trading at a record high. The dow jones feeling the pressure, not coming after two big of a gain, still seeing the longest quarterly win streak in a few years. The nasdaq gaining 1 . Top story today, President Trump and Steve Mnuchin are set tohave met kevin wars discuss a potential nomination for the fed chair position. Saw a minor reaction in the kbw bank index, the contest for the position remains open. Also already met with other candidates. Mckee, andhael elaine associates eva, economist for bloomberg intelligence. With todays coverage that kevin warsh is a front runner. We dont know that, it doesnt seem to be a case of reading into a headline that was incomplete at best. It was followed by the white house saying the president met with other people. In an ordinary world, you might view this as a trial balloon. The white h
European equities are trading 30 minutes away from the end of the friday session. September and the Third Quarter, all rolled into one with stocks up, rising for the seventh consecutive day and for the week and on track for the third consecutive week. A couple of currencies lower against the dollar. Bond yields falling and commodities gdp data and the u. K. , the consumer may be in Better Health than previously thought, households saving more than more of their disposable income in the Second Quarter and incomes rising faster than prices for the first time in the and the gdp growing. The earlier quarter was revised up to. 3 and sides of rebalancing in the economy with business estimate up. 5 and trade contribution up. 4 by the weak pound gdp growth. Revised higher. Food for thought on the day of the bank of england conference where it celebrated 20 years of independence. Hawkish remarks from mark carney who intimated a rate hike, possible in the coming months. Big referendum or not in
Projobs, proworker, and profamily, an proamerican. Trish congressman eric paulsen, on the house ways and Means Committee and is working on this tax plan is joining me in just a few minutes. Meanwhile its a story weve been following closely on the Intelligence Report, nfl players taking a knee during the National Anthem. Well, guess what . Jpmorgan, the Investment Bank is telling investors to bet against cbs. Cbs which broadcasts nfl games own fears people will not watch the games. The league must get a handle on this. Roger goodell has to step up to the plate literally, he, entire nlf, cbs, or anybody broadcasting games will pay the price, with low ratings and bad for business. Connell mcshane in washington, d. C. , with the very latest on President Trumps tax reform push. Hey there, connell. Reporter president speaking before the National Association of manufacturers, and he told that group they can expect to get a big and beautiful tax cut today, make them more competitive, cut corpo
And businesses, it is blamed for 16 deaths in puerto rico. Killedt 22 people were and Dozens Injured after a stampede on a crowded pedestrian railwayonnecting to stations in mumbai. Police are investigating what caused the stampede which led some commuters to leap over the railing. Others were crushed or phil and were trampled. European commissioner john klug junker saidde [inaudible] global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julie live from bloomberg headquarters in new york. We are 30 minutes from the close of trading. Is what youstion miss . Breaking news moments ago. President trump says he will in twofed chair decision to three weeks this after reports he met with Jerome Powell and kevin marsh. The rest of europe will be watching how he independent vote shakes out. The world could have a new fed chair nominee in two to three President Trump has been interviewing candidates inclu