Jub is still with us. Turn to the release of january fed minutes. Were seeing resilience in equities because of what we heard from apple yesterday, but already today we are bouncing back. Then you look at corporate yield nejra welcome to daybreak spreads, those have been tumbling toward alltime lows david is this complacency . Europe. Headlineou look at the weve got numbers taking the tape from Deutsche Telekom. Adjusted ebitda is index levels, it looks like there hasnt been much of an impact at all from the virus. Some of the subcomponents rising, thats what were getting from Deutsche Telekom between health care and autos, looking through some of the there has been a meaningful details for you. Divergence of performance, so i we might come back to these later as they come through on the tape but at the moment we would say that the market is not just got a couple of lines coming through, the mainland panicking over the virus impact, that it sees 2020 adjusted but it is trying to be qui
Maybe real profits hi, everybody and welcome. Another day, you guess to do, another record high for stocks yes, the dow ended lower but earlier in the session it broke above 29,000 for the first time ever. Everybody, though seems to be buying into the big caps with you will a the money going to the massives, small caps are all but ignored. Lower on the year. S in random but interesting. The russell 2000 is not hit a new record high since mid2018 at some point they stop the music, guy adami when they do tell us about the small caps. It was actually august of 2018, the iwm measuring the small caps topped at 174 frankly havent gotten anywhere close. Recently we breached 165 but still significantly off the alltime highs with the s p now making alltime highs. I do think thats problematic. You can make any number of arguments. Maybe the russell is more emblematic of the real economy i dont know butly say, i happen to believe the russell could lead the Broader Market by a couple of months if
Thank you. Did you see how i perked up, great stuff. Thank you so much. Im Ashley Webster in for liz claman. We begin with the fox market alert stocks mostly lowered to kick off the week. The s p 500 and the nasdaq extending last weeks decline really the market treading wa water, theyre down reversing course up 40 points or there about coming off the worst week since october, the s p 500 and nasdaq also went off the lows of the session of the sour but still on pace to post the backtoback losses. Investors are cautious ahead of key inflation data this week we have cpi tomorrow, ppi on thursday and as we know those are two important measures that the fed will watch very closely as it decides what to do with rates, lets talk about nvidia also under pressure after posting the biggest oneday loss since may that was on friday shares are up 75 this year. Nvidia leading the way in the a. I. World nvidia in the magnificent seven as well, j. P. Morgan today downplaying concerns over a bubble in
Cap have, and what they jobs are still open. You see monks here at a temple in tokyo ringing bells to celebrate the new year. They are right outside, as you can see. New years is getting underway already in tokyo and overseas. New zealand started off this morning. Welcome to our new years eve edition of market makers. The final day of the year. We have breaking Economic News as well. Consumer confidence numbers are just coming out. We get a better than expected reading in Consumer Confidence for the month of december. Eric, you are just checking that this is the highest since when . September. Calexico decline has been revised higher to a read of 72. It is in line with what we have in seeing. University of michigan, confidence index, all rebounding from lows they saw a couple months ago. So we are coming off of base here. This is certainly a way to tie in how people are feeling as we head into the new year. It is backward looking because it included the runup to the Holiday Shopping se
In doubt. The hedge fund heads to court today after being charged by the u. S. Government of systematic Insider Trading. All right. Were into the last Worldwide Exchange of the week. One hour into the trading day here in europe. Pretty even stevens really on the dow jones 600. Yesterday, the ftse was down, what, half a percent, 32 points lower. It tried to crawl a little higher this morning. Mit mixed earnings session yesterday. Xetra dax down 15 points. Ibex continuing outperformance from yesterday, up another third today. And cac reasquarante up twothi. Number of stocks to focus in on. Renault lifting core profit despite slumping sales. A rise in first half earnings after reducing costs. The stock up 2 . Lvmh is battling a slowdown in markets including china. Results are still posted, though. Amazon shares in frankfurt are down about a percent. It posted an expected 7 million loss in the Second Quarter. Sales particularly weak in europe. And it looks like investors approved of anglo