Taylor riggs has been diving into all of it. Tech has been the winner of the week. Where do you see the strength . Index the s p 500 tech was the second best performer this week and it was up 6. 5 . You mentioned the dismal economic data. Tech and the markets overall are looking past this, perhaps thinking that the worst is behind us. You hear Companies Like uber seeing green shoots in their demand recovery. Zillow saying people want to buy and sell these homes. It was notable that tech did not leave the gains. Up until this point, the nasdaq is the highest impact since february. Despite underperformance today, i continue to be surprised at the resiliency of the tech sector. Emily what about bonds . Taylor the two year yield hit a record low of 10 basis points at one point today. We ended up coming off that low a little bit. But the bond markets are giving us ominous signs of what is going on. The markets are pricing in a negative federal funds rate. That hell has said doesnt want nega
Months hospitals and Emergency Services. Nothing has been the problem. That classified u. K. Government documents reveal that the Intelligence Services to the british news outlets into spreading out. During the cold war weve got live reaction coming up shortly. One minute past midday in Salt Lake City 4 in the afternoon in brazil. Right here in moscow january the 14th welcome to our to international. The u. S. Secretary of state painted the assassination of our runs top general custom soleimani as part of the Bigger Campaign of the terence he says it would also be applied to russia and to china picking up the story this hour to kill it mother. Mike pompei oh the u. S. Secretary of state seems to be highlighting the term deterrence as the new buzz word defining u. S. Foreign policy reestablishing deterrence real deterrence military deterrence deterrence is hard to establish an easy to lose now the killing of a top foreign general by the United States in a different country is considered
Bull and our own tesla bear ready to drop the gloves on where the stock is headed next. I had no idea he was bearish on tesla. Im melissa lee coming to you live from studio b at the nasdaq. We start off with Jerome Powells pivotal speech here at the new york economic club. The fed chair hinted hes ready to pause rate hikes for now, saying the committee is proceeding carefully. But at the same time, powell also kept the door open for a move in december and beyond. And he added that while recent inflation data has cooled, still too high. Stocks seem to mostly shrug off the chairmans comments, but they couldnt shake off the move in yields. The tenyear came within a hair, a whisper of 5 late in the day, and that triggered a slide into the close. The dow falling 250 points, while the s p and nasdaq dropped nearly 1 . Are investors turning away from the feds musings and mostly worried about yields, guy . Yields are driving everything. Rightly so. They should be. Im not suggesting im right. T
Bitcoin is also said to be in a bubble. The price has gone up 20 fold. Betty forget about the equity markets and bond markets, which is going to be focused on bitcoin, right . That is the big distraction for traders right now. Bitcoin futures are for the first time trading on the cboe global index them a big milestone for the financial markets. I dont see a whole lot of movement at this point. Be an appears perhaps to opening price, but i cant confirm that right now. We are watching as these traits start coming in. , brokersthe traders are saying dont expect huge movements. This may be a slow burn coming thewhere we finally for first time, have these derivatives traded on bitcoin. Yvonne it could be a welcome slow burn given the volatility in bitcoin for much of this year. Levoss mentioned, the wink twins banking on this, they are saying it could have 24 growth in the future. Morehat it has become mainstream, it could provide perhaps more stability in cryptocurrency. On the other hand,
These storms. Whats harder is the cleanup that follows. Harvey shows people are still good and caring and selfreliant. And people know at some time it may be their turn. Immediate Disaster Response on the federal and local level has been improved. But you dont need psychic friends to tell you that florida will be pummeled again. Our reliance on federal programs incentivizes developers to keep building in flood zones. The National Flood Insurance Program subsidizes policies which you would think would help lowincome victims who are the most of vulnerable. They cant afford to evacuate in most of cases and they cant pay as much as five times more for flood understand which is vastly more expensive than any typical policy. The majority of the guns goes to rebuilding dream house, the expensive homes and its billions of dollars in debt. Government is only good it save peoples lives during storm crises. We are right to ask how far does that obligation extend when we are expected to foot the b