And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe
We begin with the markets. Additional pressure today after weaker gdp data, dow and s p starting from a deficit after yesterday, the worst day in two weeks. Supreme court expected to issue more decisions this morning, and we are awaiting the big one with the broadcasters. Googles Developers Conference kicks off, rumors of a top box unveiled and a shareholder meeting. Lets hope they make it on time. Raising an outlook for the year, planning to double earnings in five years. All right, first up, governments first final revision of the gdp, economy contracted 2. 9 , lower than the estimate of 1 , the fastest rate of decline since 2009. The data comes after the dow suffered the worst triple digit loss in a month, and s p finished negative after hilting highs in the session. By comparison, down 2. 9 sounds bad, is bad, in 2008, only down 2. 2. Worst after that, though, didnt it . Absolutely. That was the belly of the beast, and people make decisions whether or not that was whether the numbe
Our next question is from david with fox news. Your line is open. Thanks for taking the call. I am curious if you can go into more detail how this nurse was able to get on an aircraft and not being monitored or quarantined if she had been in contact with the index patient, thomas duncan, in texas. Director frieden, do you want to speak to that . The patient travelled to ohio before it was known that the First Health Care worker was ill. At that point that patient as well as the rest of the Health Care Team were undergoing selfmonitoring as the First Health Care worker did resulting in her rapid isolation. The second Health Care Worker reported no symptoms and no fever, however, because at that point she was in a group of individuals known to have exposure to ebola she should not have travelled on a commercial airliner. The cdc guidance in this setting outlies t outlines the need for what is called controlled movement. It can include charter plane or car and does not include public tran
Crushed, just crushed, when the Federal Reserve finally pulled the plug on its bondbuying program. Turns out they were wrong. They were deadwrong. But will they ever apologize for driving people out of stocks . For some of the most amazing gains in the history of the market. Gains that continue today with the dow rallying 221 points, s p climbing 6. 2 , and the nasdaq advancing. 27 . Nah, never. Theyre never going to do it. But we have to review whats happening here because it should never be forgotten. And as my late mom always told me, you have to speak up for yourself, because you cant count on anyone else speaking up for you. For what seems like ages now, these pundits have warned us endlessly that the moment the Federal Reserve stops its Bond Buying Program, the quintessential reason why the market is going up, known as qe3, this is what theyd say, wed be hit with a parade of horribles. Whos in the parade . What dire forecast became gospel . Let me tell you the five that have been
In many ways that was the story yesterday. That incredible drop in Interest Rates we saw falling below 2 briefly. 2. 047 . Again, crude oil almost 25 off the highs of june, i believe it was. Wow. These are two stories favorable for consumers, even though we did get that retail number that got people scared. What is that about this positive spin . Mortgage rates and gasoline prices are important things. They both are coming down sharply when it comes to the consumer. Jobless claims today. Jobless claims are amazing. 1 trillion cut for the consumer in oil. Refis. A tremendous number of people at 5 that can refi and a tremendous disease that can kill people in our country. And fear moves markets. That fear may be real but not necessarily rational . I think when the government creates confidence, its not rational. I think the government created a lack of confidence in its response. How much will the market move . Yesterday we had so many Different Reasons we can cite. How much is related t