Of authoritarian rule. And nico rosberg shocks the world of formula one days after winning the drivers championship, announces his retirement from the sport. We will find out why. My name is christopher, good to have you with us. All eyes are on sunday with two important votes taking place, one in italy, the other in austria. We start with austria first. Voters are electing the new president on sunday in a rerun of a vote originally held last may. Last may, the dependent candidate independent candidate for him, but it was overturned in court. And now the two candidates emphasize their proand antie. U. Stances. The race is too close to call. The presidency in austria is largely ceremonial, but the popularity shows how many austrians in beit embrace antiimmigrant rhetoric because of effective campaigning. Reporter hofstadter is an oldschool politician. Right now he is feeling very optimistic. we are getting a lot of support from the people. Everyone is saying, i hope he wins. That is wha
No place else to get yields, everybody keeps turning to equity markets and there is no place to have the solidity or safety of equity markets the us has so the market of choice spirals ever higher. Charles here is the thing i find interesting, a lot being made of institutional money coming out of the market, tons of individual investor money coming out of the market. I dont see a lot of exuberance we are being led by utility stocks. The narrative that this is just unfortunate and Goldman Sachs to be 60 instead of 160 is why investors missed this rally. Doesnt feel like an irrational exuberance, like a safe haven. We are steering the ship of our economy and it is able to be steered. Again, we do have this eight year ongoing thing that there is no place to get yields other than the equity markets so money keeps coming added and anytime it is about to die out there is a new reason to be here. Charles last night smuckers raised their dividend. I tell people dont worry about the next highte
Between the s p high and low elliott seen all year. Only of about 1. 8 points. The dell also little changed. And the nasdaq up nine. Yesterday we got the fed minutes that pushed stocks a little higher. We are sorted in a drifting area. Volume at about 3. 5 below the 30 day average. Lisa there are some movers. Julie there are some deal related movers. An interesting report out of reuters that had to do with williams company. They have been searching on the news that Enterprise Products has made an offer. Williams rejected it. If you look the shares, you see the spike of the reports coming out. You can look at shares of the company that reportedly was making this offer for waylands williams. Here you have it. This had a spike up and then they come down after people read through these headlines. Down about 2 10 of 1 . And behind this is energy transfer. Earlier this year its acquisition of williams fell apart. A way higher on these headlines as well. We will see if anything more comes of
And how changes in the storyline about going to change the layout. It is a lot of people in this room, hashing out problems, having a good time, too. That includes what is in the future section. This week, you talk about valeant ceo, in the news a lot this week. Ellen he was in the news a lot this week. If you were last year, he kind of vanished after a scandal involving valeant raising drug prices a lot. It caught the attention of hillary clinton. And it became kind of this big, sort of public outrage over raising prices, partly because of martins grilli, who then was indicted for other reasons and then he got sick and went on medical leave and vanished. This week, he reappeared, he went back to work, and lo and behold, almost immediately, they announced that there was an sec investigation into the company. A story that gets more and more interesting. Another story that i think is interesting and you have it in the Company Section this week, and that is at sea. It is kind of going up
Footballs Michel Platini loses his bid for a 90 his bid to remove a 90day ban. Also coming up, Silicon Valleys baby boom is sparking a new debate. First, talks on reaching a climate deal have been extended in next today. Hope to wrap up on saturday. After an allnight session of discussions, the French Foreign minister said that a compromised text is expected tomorrow instead of by 6 00 p. M. Today. You have spoken with environment ministers from both india and china. Lets tell lets put things into context. China is the number one polluter in the world. They met separately and they discussed various issues seemingly to kind of show a front on their positions. China is the country that seems to be the most reticent to sign a climate deal. I asked one of the chinese advisors what he thought of the term Greenhouse Gas emissions neutrality by the second half of the century. He said he did not actually understand the definition. Take a listen. I dont know whether it will to agree onfor us em