Index wasn the dramatic. That fed decision was more dovish than expected. Downw all those dots come from a weaker dollar, lower yields, higher stocks, but the markets could not hold on to their gains. One thing that did catch my eye was price action between the ratesensitive sectors. Utilities were declining ahead of the fed when yields were sinking. When bondto gain yields are falling, then get a huge bed when the fed dovish decision crushes yields. Werentrast, the financials a bigtime heading into the decision, then crashed. Market behavior you dont think you would see, but one reason financials mightve caught that bid is the yield curve. The 10 year yield fell by less than the two year yield, that is generally positive for Bank Net Interest margins. Joe lets take a look at those intraday charts, sharp moves with a twoyear yield, falling. 67 , close to the lowest levels this year. Obviously there is no market not looking for an imminent hike now. Lets take a quick look at the 10 year
Westbound 580 and livermore has traffic moving slowly through the altamont pass. It is happening in the area 10 miles east of livermore and so far the fires have burned about 211 acres. Crews put out a small fire off of highway 4 in the bay. Area this afternoon. A kron4 you are sent us this video of the heavy smoke. It is near the willow pass road. They tackle the fire from the ground and air. Flames burned 40 acres before it was contained. Firefighters are battling six wildfires across the state your the largest in kern county where a fire has burned 150 homes to the ground. Officials are saying they may have found more remains in the ash. This is a map of the biggest buyers in the state. The deadly epstein fire near a popular rep Recreation Area has exploded in size. It is now than 35,000 acres which is slightly bigger than the size of San Francisco. It moves so fast that many people had to get away. An elderly couple died trying to flee the fire. The sheriff says they may have found
The questionable tax perks contained in the deal. The tax perks for some industries that have been extended in this might just make you blow a gasket like gaskets found on nascar tracks which because of this bill will have plenty of money to clean those up. The cliff deal has a tax break worth about 70 million for the next two years. Motor Sports Entertainment complexes, what are we talking about here. Were talking about places where races o kaur. The building of tracks. The building of tracks, perhaps the renovation of a track. Do they need that kind of a break. Doesnt matter whether they need it or not; they managed to get it. What do you think of this, extending the tax credit for another year at a cost of 59 million for algae growers and others who are trying to produce something called cellulocic biofuel, fuels made from grasses, trees and algae. Heres what toment of the groups citizens against government waste says about that. Pretty outrageous to you. Absolutely. Why. Thoos prod
Borba had been a famous cosmetics executive, who before age 30 had launched successful campaigns for brands such as Neutrogena, Sebastian, and Hard Candy.
Police and residents of Wumat, a farming town 45 miles south of Jos, Nigeria, arrive to survey damage and help survivors of a terrorist attack on Nov 22, 2022. / Courtesy of Victor Nafor
Washington, D.C. Newsroom, Dec 15, 2022 / 09:04 am (CNA)..