Quote weve got a powerful Nuclear Deterrent already in on our hands, and we certainly will not keep our arms crossed in the face of a u. S. Preemptive strike. North korea is the only country to cry out Nuclear Tests since 1998. Pakistan conducting two tests in 1998, india one in 1998, china one in 1996, france in 96 as well. Chinas foreign minister responding to the provocations by urging both the United States and north korea to, quote, refrain from inflammatory or threatening statements. Apparently, the word didnt get coto pyongyang, and the United States is responding with a show of force. The powerful Aircraft Carrier Carl Vinson Strike group is rushing to get on station in the sea of japan off the korean peninsula. It is scheduled to arrive in that region around april 24th. Vice president mike pence also scheduled to be in seoul, south korea, by tomorrow rather, sunday to kick off a tenday trip to asiapacific countries. This has been a busy week for the Trump Administration, its o
Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
Calculation by me came to roughly a 7 decline when the market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know youre puzzled. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. It was downright absurd, totally insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in wi
Market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. Thats how youll know whether insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in with real money, why they were motivated to do so, and how they moved the market. T
Basis points reduction and that has perhaps helped. Certainly in the uk itself as you see the ftse 100 up 1. 3 . Our 10year note yield hovering lets call it around the 1. 5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40. 83 after dropping below 40 this week. Lets get to our road map and it does start with the bank of england rate cut as it ripples across the globe. Markets we will get mark carneys take. Major media earnings, fox and viacom shares both moving this morning in different directions. Whats behind the quarters at fox and viacom, what about the turmoil. Frankly at both companies. Tesla misses estimates, but that didnt stifel, what is this all in the family, stifel elon musks optimism. We hear his outlook for the companys future. Futures on the rise a bit this day after the dow broke that sevenday losing streak. The bank of england cutting its benchmark Interest Rate for the Firs