Much bigger problem. Hello and welcome to daybreak asia. Im in haidi lun. In newim betty liu york. Some investors here watching the and saying is that a ticking time bomb that eventually will go so high that it only has one direction which is down. And big correction. So far, so good. I want to pull up a chart here. What is so fascinating, the vertical lines that you see represent days when all three indexes, the s p, nasdaq and dow, reached records. Take a look at how many of those days we have had in just the last four months of this year. We kind of took a break in the middle, and big gap but look at this as we continue to head towards the end of 2017. No doubt a big santa claus rally, right . Haidi absolutely. You look at that. I know we get the occasional pullback but for the large part it is defying gravity. It feels with the momentum building intoit feels with the m building into tax, we will get something before christmas, that we are squeezing everything out of visible run bef
Its all being driven by wall street optimism about the state of the worlds biggest economy, and, despite all the controversy in the white house, the pro growth policies of President Trump. On thursday, a report showed the us private sector created 250,000 newjobs in december a third more than was expected. That could bode well for official us jobs numbers out later today. Earlier this week, the Federal Reserve revealed it has boosted its growth forecast for the us economy this year to 2. 5 keeping up the pace seen in 2017. Those fed minutes also showed this was, at least partly, down to the 1. 5 trillion worth of tax cuts President Trump signed into lawjust before christmas. And these graphs speak for themselves. Us shares setting record after record since the president was inaugurated a year ago. Despite all this, millions of working americans have yet to feel the benefit. Average earnings have been stagnant for the past decade. But that could change this year as 18 states finally bri
Its drive to create a Global Television network. Shares and costs are rising as subscribers switch on. Have amedia influence, i cool chart that shows a much immediate talk is affecting the market. Btv 5195. The blue bar you see on the bottom, they represent how many times you hear in the media, buy the dip. Since 2002. The more you hear this, particularly in the last several years, the higher the markets go. Maybe we have solved the puzzle. Why do these markets keep going up despite all these terrible headlines . Us, really. On saw interesting moves overnight. Not just stocks but also with dollar treasuries. He really is becoming more of a serious contender. Thet yellen speaking with president this week as well. I would love to be a fly on the wall at that meeting. John taylor now emerging as a front runner. The markets as you mentioned, they continue to move higher. We were reaching records again for the s p. The dow gaining 85 points. Nasdaq also higher by 3 10 of 1 . Not really gett
Substantial forces in europe. After world war ii we were prepared to fight in east asia and have fought before 1980 pretty substantial wars in asia one in korea and one in vietnam. We havent been fighting that we are prepared to fight in the islamic world since 1990 strikingly virtually every american soldier whos been killed in combat has been killed in that part of the world and i believe its something americans should be more attentive to what the geographical specificity. The numbers are on the screen if you want to chat with the retired army officer. For those in the mountain and pacific time zones we will get to those calls right away. Oil is always defined the race for the war on the greater middle east. Lution on is the iranian revolution that perceived to be a great threat to u. S. Interests in the region. The second events occurring in 1979 was the soviet invasion of afghanistan and the perception that washington is together those threatened our access to the persian gulf at