Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am
Miss . Caroline we will discuss the stock market chugging along higher. This week the s p 500 posted its worst week since march. Gdp is that. Even jobless claims declined more than estimated. Disconnectk economy thes, but it didnt work right way round. The data held up in many ways. Personal spending much better than expected, but it was a rough october and a rough week and an ominous one that has got Global Markets anxious. Caroline we have another cool bar chart were you. Basically what it is saying is if the stock market is ugly it does not code that well for the party that is in power. Moments, we have all seen some pain trade in the s p 500. This does not bode well for a highlynt who speaks so of the stock market. People are looking for fundamentals. This is not voting well. Joining us now, katie greifeld. What are people saying about what is driving the Market Action here . Reporter it has been interesting to watch that breakdown. The s p 500 is not down just 2 . While they are t
Election system and the 1976 president ial campaign to international audiences. Governor carter, again, is talking in broad generalities. I think this is an instance of deliberate distortion. And if mr. Carter alleges that his holiness by signing that has done it, he is totally inaccurate. Im not criticizing his ho holiness of pope, i was talking about mr. Ford. Governor carter again contradicts himself. I think so he confused the issue. Let me correct one other comment. The panamanian question is one confused by mr. Ford. Again, governor carter is inaccurate. Election 1976, the candidates and the campaign. This is richard in washington. With me in our studios today are professor howard pennyman of Georgetown University and mr. Stephen hess of the brookings institution. We have talked of a of many different aspects of this 1976 american president ial bicentennial year, starting with the primaries back in the winter and going straight through the conventions and the rest. This afternoon
Across france for the 3 victims killed in a my for talk of a church in nice. That is unique species come under threat in the antarctic and study what scientists want to do to save them. A magnitude 7 earthquake in the aegean sea has rattled parts of turkey and greece at least 14 people have been killed and 400 injured after many buildings collapsed rescue teams are desperately searching for survivors is a live picture from turkeys is mere province aljazeera shallop ballasts reports. The. Risk used search for survivors in the rubble of buildings in his mia to the biggest city. A friday afternoon magnitude 7 earthquake was off the turkish coast. I have a shop on the back side i was talking with someone i felt that while we were outside the ground started to shake while i was watching. Are building a hole this one collapse isnt is misleading at least 20 buildings collapsed injuring dozens. Or hundreds of. This man says god you are the greatest please protect us it still continues. And the
On the year did not deliver perfection, so we have the big tech stocks selling off. That is a big market drag. Looking at the worst week going back to march. David but they are not buying bonds. What is that about . Abigail it is interesting they are not buying bonds, they are not looking for that haven hedge against the stock. It tells you may be investors think the text selling will be a oneweek type of thing, although a second week in a row, or it could be to your point from earlier around the fed, the ultimate buyer so it some point the fed will be back in. Not that big of a deal. Harder to look at bonds as a cross asset tell given the fact you do have the fed in their. You have the yield curve steepening. That could cause stocks to get more jumpy. It is healthy to have the yield curve steepening, but it can create gyrations. We have oil lower. Do your point they are selling everything on this friday. Guy thank you so much for that report david site you thank you so much for that r