Someone from Morgan Stanley. Toid later, we continue focus on farmer with the merck ceo and chairman ken frazier, two important interviews you do not want to miss. Lets look at the markets. Jon futures a little bit softer , down by a 10th of 1 , the footsie with the biggest week of gains since 2011. Switch onof 1 , the the board and get to the bond comet, 10 years, treasury alltime lows, down by six basis points on the session, a softer down to 10 of5, 1 , expectations that a little bit of stimulus in the pipeline from the bank of england coming this summer. Alix that was the big news from yesterday didnt around the world, indepth coverage of our top stories, paul dobson is in london on the treasury yields hitting historic lows and the latest developments on the race for Prime Minister. Beijing, the latest manufacturing numbers in china and julie hyman on the stock move we saw. We begin in the third quarter, individual members. Lets start with paul dobson in london, is record low yield
It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
Relatively steady. A two of janet yellen reaction in what were right widely reviewed before the Economic Club of new york, which she emphasized would be cautious and measured in raising interest rates. Especially in large cast, we are taking a look at 3m, ubs raised 190 based ont, what analysts see as product innovation. Shares are rising as well trading on a record today. A big year thus far. After they were upgraded, they say apple is undervalued in a large cap tech peers. Financials, one of the few groups to not perform well yesterday. They are bouncing back. Shares are rising and contributing to gains. Energy, a top performer today. That was a laggard. It has been unusual session for oil prices here today. If you take a look, we are seeing them up a little bit. Earlier in the day, rose. Got an Oil Inventory report, a smaller than estimated bills which should not be bullish for oil. It was briefly. What is the issue . It appears to be the u. S. Gainingwhich had been some strength, b
1 . But it isoff the lows the worst performer because of apple which comprises about 7 of the composite. The s p only slightly lower and the dow is higher. Earnings like united technology, boeing, verizon. Those shares at t is the one out with earnings. That index a limit higher. Lets focus on the nasdaq as the underperformer. In april it turned higher at one point for the month. It was getting closer to a the racing is the client for the year to date. That now is gone. Weve had a number of high profile, big tex disappointments. The worst percentage performers and the nasdaq 100 include apple, the Company Coming out with the sales decline for the first time in 13 years. This year is down 6 . Activision and all trying arts also following. Ve, a spinoff from liberty media. It is been steadily declining. The record happened of the team happens to be 416. Atr to date now if you look the major averages, the nasdaq is a little more deeply in the red even as the dow and the s p hang on to the
The president went so far as to call the change a christmas miracle. Critics have said no child left behind gave too much power to washington in controlling state education policy. Earlier today, we talked to dr. Paul gausman, superintendent of sioux city schools gausman says he feels there was more good than bad in no child left behind, but there isis lot of anticipation and excitement leading up to these changes. Mostly in regards to standdized testing but the challenges with no child left behind have to do with assessments, every state takes a different approach to assessments, students perform at Different Levels many states like iowa continue to change the form of the assessment, the reporting of the sessment,so its very difficult to discover, but the federal governrnnt still has to underer the previous lawaw hand out these negaitive designations to different schools and different districts based on their performance. Deborah saying it involved and not enough teaching. It also had