The s p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. The dow was up by 260 points s p was up by 26 it was a record close for the s p 500 and thats its first since august 7th the dow closed at a onemonth high take a look at whats been happening in europe this morning. The gains we saw yesterday as concerns about irma faded a bit and, again, some concerns about north korea not quite as potent as they had been as we headed into the weekend this morning, it looks like a bit of a mixed picture in europe most of the major bourses are higher with the dax up by. 5 and a similar gain in france the ftse is down by about. 2 . Lets flip the charts and see what happens overnight in asia youll see when it comes to asia, there were some closes actually, lets go excavate to the currency check it looks like the dollar is down a little bit against the euro today. Below 120 for the first time if in several days. 1. 196. Dollar is up against the yen, 109
Lets look where european equities are trading. Just under 30 minutes to the close of equity trading. This is the stoxx 600 and different industry groups. We are off by 1 10 of a percent. Mixed picture Energy Stocks outperforming. We are seeing a spike in wti and. Rent Consumer Staples underperforming down. 8 . Financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. It is the commodities outperforming. Commodity stock, energy stock, and commodity producers within the materials. The ftse 100, a little weaker,. 1 . Have been seeing cable spiking, i have a chart later showing the correlation between the ftse 100 and the pound, the ftse 100 falling below the 200 Day Moving Average for the First Time Since the brexit vote. It is still below the 200 Day Moving Average. It hasnt managed to break above it yet. Volatility on the ftse 100, volatility wages, we are looking at implied volatility, have been climbing relative to the euro st ocks. If we l
And details on the unwinding of the Balance Sheet. We see all of our major averages slightly off their record highs as we wait for that. As we wait for that, lets take a look at the bloomberg here. We have a chart of the s p 500 versus not just the fed Balance Sheet, but the return on the assets that the fed holds. Andave the s p 500 in white that securities owned by the. Ederal reserve since 2015 we have seen them go sideways slight gains in some performance, certainly outpaced by those of stocks, and we have had a lot of commentary around what the unwind is going to do since the conventional wisdom at least is that quantitative easing helped the growth of the growth of the fed Balance Sheet has helped the stock market, so we might see this hurt the stock market. And speaking of shrinking, we are watching the Food Industry run into some struggles here. General mills out with its numbers, three years sales slump is what has been experienced here. Earnings missing estimates, sales missi
Shanghai composite up by 0. 2 . The dax is down by 2 . The tenyear yield, 2. 24 . A couple of big headlines were watching. First one, crude prices. Wti crude trading higher after the ministers of saudi arabia and russia agreed needing to extend the cuts. Including russia agreed to cut output. Deciding whether to extend that agreement. A lot of folks will be watching for that. Also, a big developing story out of north korea, the Company Announcing the missile that carried a heavy Nuclear Warhead is capable of hitting targets in the pacific. The latest launch was widely condemned by the u. S. , japan and south korea. The white house calling north korea a, quote, fragrant menace. And urged allies to enforce stronger sanctions. And then on this weeks agenda, it say big week for retail earning. Those earnings have been not so hot. Home depot and tjx. And wednesday, target and l brands. Thursday, walmart and gap. Also getting results from cisco, alibaba and campbells soup. And some disruptio
In a little bit but tell me first about the conversation you had this morning with president elect donald trump when you informed him that you would no longer be building that plant in mexico. Well, we informed president elect trump and also Vice President elect pence this morning that we were going to be investing 700 million here in our plant in flat rock, michigan, adding 700 jobs on top of the 28,000 jobs that weve created over the past five years. And at the same time, told them we were going to be canceling our plant in mexico and the reason for that is that plant was we were going to produce the focus. Weve seen a market decline in demand for small vehicles. So were now going to produce the focus in an existing facility in mexico. Mark, what did the president elect say to you when you told him this . Well, over all both the president elect and Vice President elect pence were very happy that we were making these investments here in the u. S. And u. S. Workers. And we mentioned al