Says it will conduct daily repo operations to stabilize the lending market joining us for the hour, jim le camp happy friday investors dont like it when trade delegations cut their trip short. They dont, but god we can buy chinese dog leashes now. Theyve allowed a lot of things to happen and theyre not accelerating things so we need to get beyond what theyre ta talking about, beyond the saber rattling and looking at the actions. We havent ramped up tear i haves in a while then you look at the Federal Reserve board and while a lot of people were disappointed on wednesday when they didnt do too much more than say were going to cut it a quarter of a point, didnt give us a lot to go on in the future, it was more dovish than people look like he set the table for Balance Sheet expansion and Balance Sheet expansion may not be qe, but they could be mistaken as twins at a party its about the same thing. So yeah. I think some of these things are comeing off the boil whether its trade, Federal Re
Here. That ipo pricing at 14 last night. But right now you cannot get it for that price because you can see there its up to almost 24 bucks on the session. A huge move day one for the Cloud Company despite vocal skeptics. Theyre questioning their profitability. This feels like the debates we were having back in the 90s during the dotcom boom. Im not saying thats the case here, but off booming ipo with people wonder wrg is the money right now. Another bombshell from the president s tax plan. President obama wants to challenge College Change i should say College Savings plans known as 529s so the gains would be taxed as regular income. Right now they are taxedfree as you know as long as the money is used for a childs college education. The president says these plans only help rich people not the middle class and we will put it to the test coming up on todays closing bell. This was all part of the state of the union. Making Free Community college. We have heard jeb bush and others say it
There appear to be two logical answers. Either these senators were trying to be helpful to the iranians or harmful to the commander in chief in the midst of highstakes international diplomacy. Either answer does discredit to have the letters signatories. Now, i would be pleased to talk more about this important matter, but i know there have been questions about my emails, so i want to address that directly and then i will take a few questions from you. There are four things i want the public to know. First, when i got to work as secretary of state, i opted for convenience to use my personal email account which was allowed by the state department because i thought it would be easier to carry just one device for my work and for my personal emails instead of two. Looking back it would have been better if i had simply used a second email account and carried a second phone, but at the time this didnt seem like an issue. Second, the vast majority of my work emails went to Government Employee
I dont see this impending huge selloff in treasuries. Listen to the dovishness in europe with regard to a variety of issues, not the least of which is they are worried about a high euro and growth in some of the southern countries. Yeah. What did you i do see it playing out in high yield and corporates. Quickly if you look at barclays, onemonth spread on Investment Grade or the etflqd, you can see they have lost a lot of ground, and the one that was the best high yield, the next two charts, this is really giving it up, so i think thats the battlefield for maybe some of the nay sayers on treasuries. Its more what they reached for three to eight weeks ago that they seem to be dumping. Rick, what did you think of Mario Draghis News Conference this morning, the president of the European Central bank, as expected, didnt cut rates, but he was talking the euro lower pretty clearly today, wasnt he . Oh, absolutely. Listen, the Foreign Exchange group down here is a pretty savvy bunch, and for t