Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. Pres. Trump i have a very Good Relationship but i just, right now, i do not want to speak to him. There are many t
That was the trigger point i pointed out last year the tenyear yield was up 10 or 11 basis points and the stock market was down 3 that shows you there was a little catchup. I dont think tech is where we have to look at the epicenter. Its about can the economy handle rates its about consumer cyclicals giving up their advantage. If you look back to the beginning of the quarter when we were at 3. 8 on the tenyear treasury, were now up to 4. 5, the nasdaq 100 hasnt underperformed the rest of the market the rest of the market has also been suffering is under this pressure one of the reasons is, i think you have to differentiate. Microsoft, we know what theyre going to earn as far as the eye can see, roughly speaking. That gets discounted back when you worry about the yields its not a big swing factor in terms of valuations. Youre not just buying an annuity and comparing it to the yield. Youre buying a profit stream that can go way up or way down relative to expectations. Thats why Conferenc
Trump have on his plate when he get theres, peter . Reporter martha, president lech trump talked for months about draining the swamp in washington, d. C. This is his first trip to the swamp since the election. He will check out the new work space and New Residence at white house. Were 2 1 2 hours from seeing two men who exhaustively attacked each other over last several months. Actually talk in person, instead of through the press. That is president obama and president elect trump. Trump targeted obamas leadership style on just about everything that he has done for years you but it goes both ways. Just on sunday obama was making fun of trump having his twitter account temporarily taken over by staff. During the campaign, president obama was regularly dismissive of trumps chances to win presidency. Mentioning several times that World Leaders asked him about the prospects of Trump Administration. Obama basically shrugged them off because he didnt think it would happen. Here we are, numbe
Stocks today did move further into record territory if only by a little. The s p 500 and the dow eked out small gains extend the sharp rally weve seen oaf the past two weeks and this comes despite concerns about the pace of Global Economic groh today. Dow jones industrial averap 24 points. 13 to 18 irks 372. Nasdaq, x that has not hit new highs, lost 17 today. The s p 500 however did squeeze ou so, why are stocks up so m whats driving the rally . Traderng when the u. S. Has shrugged off their post brexit worries. This has happened so fast that many traders cant figure out what happened. But theres three major explanations coming from the trading community. T is that this is all about Central Banks continues to keep rating lower for longer and who can blame traders for thinking that . N japan, talk of bailouts of italian banks. More bond buying and rate cuts the u. S. Stock market is the best guy buy of any asset class. The marginal buyer looks at the low rates. Fore pouring into our ma
Stocks today did move further into record territory if only by a little. The s p 500 and the dow eked out small gains extend the sharp rally weve seen oaf the past two weeks and this comes despite concerns about the pace of Global Economic groh today. Dow jones industrial averap 24 points. 13 to 18 irks 372. Nasdaq, x that has not hit new highs, lost 17 today. The s p 500 however did squeeze ou so, why are stocks up so m whats driving the rally . Traderng when the u. S. Has shrugged off their post brexit worries. This has happened so fast that many traders cant figure out what happened. But theres three major explanations coming from the trading community. T is that this is all about Central Banks continues to keep rating lower for longer and who can blame traders for thinking that . N japan, talk of bailouts of italian banks. More bond buying and rate cuts the u. S. Stock market is the best guy buy of any asset class. The marginal buyer looks at the low rates. Fore pouring into our ma