That is one crazy piece of video. Im melissa lee. The record run continues today. The dow hitting a new alltime high. The s p 500 close and the nasdaq is having its best with oneday gain in nearly a month. Tech stocks are rallying and so are financials. Small caps do well with the russell 2,000 with the best day since november 11th. Im tyler mathisen. Here is what else is happening. North Carolina Governor Pat Mccrory conceding his reelection effort to democrat roy cooper. The ism nonmanufacturing index moving for the 82nd straight month. Its not as it is now at its highest level since october of last year. And National Steak and poultry is recalling nearly 2 Million Pounds of readytoeat chicken probabilities because of possible bacterial contamination. Marcus is here, the profit is in the house, he will be with us throughout the show, the whole show, with so much to talk about. So much. A lot of things from politics to the markets and much more. Yep. But first, to the trump rally and
Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that their Bond Buying Program could increase by 170 billion pounds as well. To sort of put a number on the Corporate Bond buying program, it is 10 billion pounds over the next 10 months. Byathan guilt 10 year down the cable rate dropping off as well. Upside risk to inflation, Downside Risk to growth, that is what you see in the forecast. The 27 thet 2017 forecast, downgrading the most ever on a single inflationary report. Side, they seen inlation at 1. 9 on at q3 2017 versus 1. 5 , and sees inflation
Seaberg, great to have you with us. Eric, riddle me this. What has changed and why today do we feel so great of a fed rate hike . I have no idea. I think, you know, were going to be in a cheap market here for the foreseeable future just because of all the uncertainty surrounding Interest Rates, Consumer Spending and Political Uncertainty here and in europe and while this frustrating sideways market may be difficult to navigate were still finding opportunities in the hodges small cap fund. Where . Were really looking at some areas such as some of the nonenergy companies that have been beat down over the last six months by oil prices, Something Like a Legacy Texas Bank share which is a bank that we think is very attractively valued here. The perception of Energy Exposure is not as great or the reality isnt as great as the perception in this stock and we think its created an opportunity for investors. Other areas that we like are areas tied to infrastructure spending, like Eagle Materials
Suppliers are preparing for big orders of the iphone 7. Plus, tim cook is finishing up that big trip to india. Well have details. Catchy tune. Meanwhile, bowing inking an 11 billion deal. With the arms embargo lifted well tell you what other defense stocks could be affected by this as the president continues his affect through vietnam. A big win for bank of america and the Justice Department. Theyll no longer have to pay 1. 3 million for a countrywide mortgage stamp. Lets start with the gains for apple and its suppliers today. Bertha coombs monitoring it. Apple accounts for all of the gains that weve seen on the nasdaq 100 right now. Tim cook continues his Charm Offensive in india, the rest of asia. Analysts are getting a little less bullish. The iphone 7. That has chip stocks up. Among them is universal display. They make oled and goldman today is upgrading that stock from a buy to neutral sending those shares near a oneyear high today. Goldman thinks with some of its proprietary rese
In delivering on what we said we would do. We cant control how mr. Putin thinks, but what we can do is say to mr. Putin, if you continue on the path of arming separatists with heavy armaments that evidence suggests may have resulted in 300 innocent people on a jet dying and that violates International Law and undermines the territorial integrity and sovereignty of ukraine, then youre going to face consequences that will hurt your country. And there was a lot of skepticism about our ability to coordinate with europeans for a strong series of sanctions. And each time we have done what we said we would do, including this week when we put in place sanctions that have an impact on key sectors of the russian economy, their energy, their defense, their financial systems. It hasnt resolved the problem yet. I spoke to mr. Putin this morning, and i indicated to him, just as we will do what we say we do in terms of sanctions, well also do what we say we do in terms of wanting to resolve this issu