The nasdaq is on track for its best monthly gain since july of 2016 the s p 500 is at its biggest monthly gain since last february the s p and nasdaq have risen seven of the last eight trading days if you were waiting for things to slow down, you are still waiting. Triple digit gains for the dow already this morning overnight in asia there were gains this came after the strength yesterday with the dow up 200 points. The hang seng was up by 1 shanghai was up by 0. 1 . The nikkei did give back some ground in europe this morning, there are some green arrows across the board. Gains of a quarter percentage point for germany and the ftse in london. The cac in france is up by a third of a percentage point. If you want to look at treasury yields which have been picking up ground, you will see the treasury yield for the tenyear, sitting about the same, 2. 544 lawmakers in germany reached a break through in talks to form a new government the euro rising. You need a government. Euro rising to new
Or can we fix it . And if so how in particular . Youre about to hear how from our expert panel. Let me introduce them in the order in which theyll speak, as we proceed through the panel well be working our way through the various titles of dodd frank frank. First will be my colleague peter wallacen. He co directs aeis program on financial studies, was co chair of the pew Financial Task force and served on the Financial Crisis Inquiry Commission where he wrote a very enlightening and highly controversial dissent. Previously peter was White House Council to president reagan. General council of the treasury department. Financial crisis was spawned by the financial crisis spawned dodd frank, do you understand what spawned the financial crisis . Buy peters book hidden in plain sight in case you havent yet. Our second speaker senior director of Global Government Affairs strategy and Public Policy of bloomberg, where he covers policy issues in europe, asia and the u. S. Equity, fixed income,
Because we know he often uses the other platforms. Jack i have never been asked that question. Lauren really . We are off to a great dark. Obviously if you dont know, things are secure, and we dont see the world react if it does area and in all seriousness, people here know what square is and what it does and of not, you just saw that nice introductory video. You do have an idea. You recently had a pretty positive orderly earnings report. Your stock is up 96 yearoveryear. You are starting to make money on things like peertopeer payments. How much are you profiting monthly . Jack monthly i dont believe we give out those numbers area lauren you can give it out now if you like. [laughter] jack i could, but i wont. You startede square, nearly a decade ago, nine years ago, what has been the most significant or surprising change you have seen happen . In our in jack business or the industry . Lauren both. Jack both. Having started, we were we are having an offsite today and tomorrow. We have
Equity funds. Now we want to know, would you put your money to work in potrelated businesses . And youre going to love this story. We get the brutal truth from pepsi ceoindra nuie. This is the true story about how she told her mother about a huge promotion at pepsi. Listen. Let me explain something to you. You might be president of pepsi pepsico. When you enter this house youre the wife, daughter, daughterinlaw, youre all that. Nobody else can take that place. Leave that damn crown in the garage. Leave the damn crown out. It gets better. More brutal truth from pepsis ceo coming up later. Tyner is out but susan is at the big board. Absolutely, bill. So good to see you. The dow is 25 points from 17,000. Year to date the dow is swaggered really. Its up 2. 3 . The s p and nasdaq up almost 7 . Theres another big story. Tenyear note. Take a look at the yield which crests above 2. 60 earlier this morning which caused a little bit of a pull back in stocks early on. Now were at 2. 625 . Seema m
Friday, november 7th. Tgif, everybody. Good evening. Im bill in for Tyler Mathisen. And im susie gharib. A record close to a record week. The s p closed at new highs against but investors returned to the big report on the job market. Now, it wasnt stellar and some analysts are calling it a goldilocks report. Less than expected jobs were added and the unemployment ticked down to 5. 8 and last two months revived higher. The big disappointment for american workers, though, wages. Average Hourly Earnings were up 3 . Hampton pearson reports that president obama made the most of the numbers. Reporter at a white house cabinet meeting, president obama said its the hard work of the American People that has driven the Unemployment Rate to the lowest level since the beginning of the recession and reduced the bestbased overall jobs growth in more than a decade. The Unemployment Rate grew again. 10. 6 million new jobs in the last 56 months and this is the strongest jobs growth that we have seen sin