Still in the red but a much better picture than it looked this morning. Abigail what a roller coaster on the day and the week. We had big gains from apple and tesla. This week, not so much. Nonetheless, the worst week since june for the s p 500 and the nasdaq 100 since march. The nasdaq down 1. 3 . Pressurehat selling really came off. The new york faang index down 1 at the end of the day. Some of this happened as value money seemed to give a tailwind to the macro sentiment. Yields really backing up on the day. Not confirming the degree of the selloff. I think what we had going on here, technical selling, the moving average, really looking for it in the morning. A very solid test there. The question is, will those nearterm buyers continue to step up . If yes, probably some Choppy Movement to the upside. If not, it could get ugly really fast. On the week, talking about really brutal losses here, the faang index down sharply. However, we do have one bright spot. I was mentioning the cycli
4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
The forecast was 50 4. 8. 67. 6,ders up strongly, point three. 63 the one disappointment, and this is been true throughout the crisis, employment does rise but it is still negative already 6. 4 46. 4. The numbers are better than expected for most of the pmi but in the case of the headline and the new orders numbers, they are up big. That should be good news for the overall economy it will probably lead into some strengthening about what is happening with employment. Alix if you look at eurodollar you are seeing it take a leg lower. Either way, the dollar is getting a slight bid there. What are we looking for over the next data points . Michael to see if they fall below one million if theres any progress of that front. This is not the week of the survey, so it will not have a bearing on friday but it is the latest point that tells us where we are. Mosts have slowed down and of the highfrequency indicators. The jobs report is what everybody wants to see because it was a feeling that the
At that point thing starts to tail off. At least in my eye, the front end is attributed to the deregulation, the dramatic change of regulatory policy, the tax cuts and jobs act passed in 2017, but the tail off is due to him picking a trade war with china, a real slow down in the global economy, the china u. S. World trading system, and the question is whether people will theyize him for that or do support his trade policies . That is one record of interrupted of uninterrupted success. Ofid before we get to some the struggles, lets talk about successes. Deregulation. Is it almost undeniable there was success in deregulation, and can we put numbers on that . Douglas it is hard to put numbers on that. To give you a sense of the magnitude, major regulation in the United States costs more than 100 million for the private sector to comply with. The Obama Administration finalized a major regulation at an average rate of 1. 1 birthday every day for eight years. Some reported costs for complian
Allie is in for sal today l gathering. An unofficial car show at a Concord Shopping Center drew more than 150 people saturday nighhe twdozen cars are on still quiet. There is something new y it display at the Shopping Center on clayton road. Vehicle. Businesses and witnesses say so it should not tie things up many few people were wearing for very long but it is blocking the on ramp to westbound 580 where we have this problem. An ambulance is on the way. Face coverings. Police were called in but no arrest report appears in the south bay we are getting a Southern California church is defying a court order to stop Holding Indoor services. Pastor ron mccoy led a 9 a. M. A report on westbound 82 just east of 680. There is a problem there. Service yesterday in calvary and also you can see a Little Church in newbury park in ventura county. Last week the judge issued a bit in the southbound on 101 twoweek temporary restraining order banning the church from Holding Services indoors. Theres a li