Red after bopping when bob iger said he is confident Disney Streaming offerings refer profitable by the end of the year. Target shares jumping but still some areas of concern. Were going to discuss that coming up. But lets start with todays declines in the broader markets. Mike santoli joining us from the new york stock exchange. Mike, a day like this kind of expected after the rally that weve seen . For sure, court. In fact, maybe multiple days like this just because the s p 500 managed about a 25 gain off the october low. We have only had two down weeks in 4. 5 months. All those things suggest theres room for relatively routine backing up of the indexes. What is going on below the surface is a fit full rotation happening. The big winners in the nasdaq 100 in tech have been giving back some of those outsized gains youve been mentioning. You still have a 50 50 updown split on the new york stock exchange. Its not like everything is for sale. The s p 500 is back to levels we first got to
Well postponed motion to suspend the rules on which the yeas and nays are ordered or votes objected to under clause 6 of rule 20, the house will resume proceedings on postponed questions at a later time. For what purpose does the gentleman from South Carolina seek recognition . I move the house suspend the rules and report the bill as amended. The speaker pro tempore the clerk will report the title of the bill. The clerk h. R. 6544, a bill to advance the benefits of Nuclear Energy by efficient, timely predictable licensing, regulation and deployment of Nuclear Energy technologies and for other purposes. The speaker pro tempore pursuan t to the rule, the gentleman from South Carolina, mr. Duncan, and the gentleman from new jersey, mr. Pallone, each will control 20 minutes. The chair recognizes the gentleman from South Carolina. Mr. Duncan i ask unanimous consent all members have five legislative days in which to revise and extend their remarks and insert extraneous materials into the re
Leader wants to do . Host lets get an answer. Well leave this here and return to live coverage of the u. S. House. Postponed. Votes will be taken in the following order. The motion to suspend the rules and pass h. R. 3354 ordering the previous question on House Resolution 1194 and adoption of House Resolution 1194 if ordered. The first electronic vote will be conduct as a 15minute vote, pursuant to clause 9, remaining votes will be conducted as fiveminute votes. Pursuant to clause 8 of rule 20, the Unfinished Business is the vote on the motion for the jam from kansas to suspend the rules and pass h. R. 3354, on which the yeas and nays are ordered. The clerk will report the title. The clerk 3354, a bill to designate the facility of the United States Postal Service located at 220 north hatcher avenue in percyville, virginia, as the secretary of state, Madeleine Albright post office building. The speaker pro tempore the question is, will the house suspend the rules and pass the bill. Memb
What a hideous session, lease for the bulls. What does it mean . It is gigantic. Bigger than the stock market when you lose interest, this is what you do. I like to be clinical. Why dont we do that. Samples of ample motivation for their actions. They have gone exceedingly well for Interest Rates. Much higher. Can earn 4. 25 riskfree. That is much better then it was a year ago. The yields are going higher for three reasons. First, the fed has not been able to fully get inflation under control and they have not done much for the economy. Meaning they have every incentive to keep it. Where are the layoffs . Where is the housing . Not yet says mr. Powell. Second, over the last to years, the federal government authorized colossal massive spending that needs to be financed with massive bond issues. And they dont care what kind of price they get for bonds. They have to pay the bills. There, the Federal Reserve itself owns 8 trillion in total assets down from 9 trillion last spring. But 4 tril
The stoxx 600 is up 2 10 of 1 . 1 ,ftse 100 is up 4 10 of the dax in germany down about 1 10 of 1 . Banksalian and german dragging things lower a little bit in the continental european countries. 1. 2228,pound is at weaker by one third of 1 . We will ignore the europound for a moment, but we will have a look at eurojapan, 143, and ever weaker japanese yen when it comes to the u. S. Dollar but not the british pound. At u. K. 10 year yield is 130, germanys 10 year yield at 21 basis points and unchanged. The spread between the german bunds and the u. S. Yield is widening. The italian 10 year yield added on about another 50 basis points. 90 minutes into the u. S. Trading day so lets get the latest from Abigail Doolittle. Abigail after gains and records yesterday from u. S. Stocks, we have the major u. S. Averages all trading lower. Seems like a firm directional cue to the downside. The dow is down the least but doubt 20,000 has the much happened. The s p and 5000 the s p and nasdaq down. P