2 trillion has been wiped off the market. Guy you are looking at it right now. As you can see there is a lot of red on that screen. Anna bonds continue to retreat today. That is the german and 10 year bonds showing yields. Guy that is what happens when you strip things early. The latest concern comes from the Federal Reserve chair janet yellen. She said that debt markets may exist. Equity market valuations at this point are fairly high. Not so high when you compare the returns on equities to the returns on safe assets like bonds which are also very low. But there are other potential dangers there. Guy that is quite a combo. That brings us to todays twitter question. It is simple and straightforward, is janet yellen right . Anna it is a good place to start our next conversation. We are joined now by luke pick more. Luke hickmore do you think janet yellen is right . Valuations could be problematic. Guest i think she is right at some point but not yet. Fundamentally, the lows are too low.
You can bet on in vegas this week is a great gathering of extraordinary minds across the financial industry. We are going to be talking to a few. Mike novogratz. Bruce richards. There you go. Erik these are just three of the guests we have lined up. Stephanie how about a little news. We will take you to the bulletin. These are the top business stories. The labor market may be moderating with the economy. Companies added the fewest numbers of workers in more than a year. Private employers hired 169,000 people. That was fewer than forecast. We will get the jobs report on friday. The price of oil is rising. It hit the 62 a barrel mark. There is speculation the oil gluttony may be easing. The u. S. Companies have reduced the number of active oil rigs to the fewest in years. Glad i am talking to Boone Pickens while i am here. Shares of herbalife are up. It boosted its forecast and posted betterthanexpected earnings for the First Quarter. They are in a two year battle with mr. Ackman. It has
We are asking if you think u. S. Senate has become a stepping stone to the white house. Would you prefer senators to stay in congress longer before running for a Higher Office . Does congress provided the right kind of experience . Democrats can call 20274880010. Republicans can call 2027488001. Independents, 2027488002. You can check us out on social media or email us. A very good Tuesday Morning to you. We are talking about the institution of congress, the United States senate and how it is being impacted by those members of that institution who are being talked about as possible president ial contenders. Here is how it was put in u. S. News and world report. There was a time when a u. S. Senator was a good job she notes in that column senator ted cruz, sender rand paul, marco rubio and talk about Elizabeth Warren. Whether the four senators in question are compared to be president its about what happens to the senate as an institution it brings up the topic we want to talk about this
The owner of the l. A. Clippers allegedly said something that was downright ugly. That was audio released over the weekend by tmz. The mans voice was attributed to Donald Sterling and he was having an argument with his girlfriend at the time. He has neither admitted nor denied it is his voice but the clippers say those are not his views. Many people have spoken otherwise. There is absolutely no place in the nba family for ignorance, intolerance, reprehensible comments that are unacceptable and not fitting for what this league is all about. Hes got to come down hard. He should not own the team anymore. Theres no room in this game for a owner like that. He must pay a social price for his attempt to turn back the clock on race relations. Donald sterling should be dealt with severely if the allegations are true. When ignorant folks want to advertise their ignorance, and you dont have to do anything, just let them talk and thats what happened here. Even the president of the United States pi
Aftermarket it jumped higher. 37 to the ounce. The commodity has risen 4. 5 in four sessions. Adam can you say Short Covering . Pc shipments fell 5. 9 yearoveryear. Top three were lenovo, hewlettpackard and dell. Liz were bringing a top exec from lenovo to talk about that. Terry mack grawe stepping down as ceo and president of ma grawe hill financial. Douglas peterson head of the s p ratings services. He will succeed mr. Ma grawe who will remain chairman. Adam nokia unveiled the newest Lumia Smartphone and the lumia will have a 41 mega pixel camera. It will launch with at t july 26th t will be cost 300 bucks with a 2 year contract. Liz it is bright yellow. How about that . Federal government had the biggest june surplus on record after receiving payouts from freddie mac and fannie mae. After the bell starts right now. Adam it is an historic day. We want to get right to the action. Jason pride, glenmede director of Investment Strategy is cautiously optimistic about the market. He has th