This hour europe is down a little bit. Were giving back just a little bit today after another great session but descent session yesterday. You can see if youre not listening on the radio, were down about 40 points on the dow jones. The nasdaq is going to benefit from the great numbers from google. It benefitted earlier this week by netflix and has i wouldnt say diverged from the other averages but certainly been much stronger than a relative basis. S p is down less than a point. In europe, there were green arrows after what has been a pretty good week and since last week when the feeling that this would be resolved favorably in terms of greece started and seeped into the markets. France. The only index at this point up but upright at a fifth of a point. Asia this morning is better with japan higher. The hang seng higher. And what were watching closely is shanghai up sharply. Up 3. 5 in a snap back. Crude continues to be on the weak side. Now down under 51. Next stop potentially under 5
Bill ackman taking 5. 5 in mondalez. Those subscribers worries that originated with disney. A trio of stocks tesla, Green Mountain and fitbit, hit hard. Our top stories are mondalez shares spiking. Bill ackman disclosing that 5. 5 billion shake in cadbury. They welcome Pershing Square as investors and will continue to focus on executing our strategy as we look at another sector where mass sick consolidation is the play. We have been through airlines and health care. Now, it is food. We can remember that nelson felts has a 2. 9 stake. I have to turn to you, david, with more than 10 being held by you. I have to expect that. Thats got to be the expectation in terms of the play for ackman jim. You and i have talked behind the scenes about what it was going to be. I have been chasing this for some time as many have. I have probably put on alert more bankers than we know about. I thought, what could it be what could it be . I dont think any of us would have expected it would be mondelez. The
Diverted due to the shooting clearly a developing story well keep a close eye on. The first trading day of october. We just finished the Third Quarter which was positive basically for Asset Classes across the board, stocks, bonds, commodities as well. S p and nasdaq closing at record highs on friday. Here on monday were setting up for potentially a positive session with the dow up 20 points s p 500 higher by around 2 points as well technology the standout in the Third Quarter gaining around 8 . Switching focus to bonds where yields have been on the rise, lets take a look at where the ten year yield has been trading at at 2. 35 feet on friday economic data. Thats the jobs report the question is whether the fed will raise rates before years end. Markets are all closed for holidays gains for japan and also for australia for the month last month. Japan was up, hong kong and shanghai down. European trade is up for the most part apart from the spanish index which is down because of those cla
Shooting was stopped on the 32nd floor of the Mandalay Bay Hotel. That suspect was confronted by police and is now dead rumors of other shooters are false. The only explosive device was used by police to go after the suspect who has been taken down. They identify the suspect and did not release his name yet theyre looking for his roommate, a woman named mary lou danly. In the meantime, lets get a check on the markets up again this morning i was talking with wolf earlier about the trump trade. The dollar, the yield today sharply higher up 31 points. Yield curve is widening a bit, too. Steamening, yeah. You saw 14 so far for the year for the dow. 14 . Remember mid to high mid single digit return is what people have been saying. Better than the nasdaq closing at record levels on friday. Good quarter. Got a quarter left october, november, december. Maybe we still do only get 7 but we have to be down the and the trump trade is back on i guess the introduction of weve got an idea what the ta
For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th