Good morning. Thank you so much for joining us here on the kron. 4 morning news. Im stephanie lin. Its saturday. May the 18th. Lets get your day started with a look at the weather with dave spahr. Good morning day. Well, good morning, stephanie. Welcome back and morning, everybody. And were looking with our traditional fog to start things off. But dont worry that will clear out even around the bay at the coast. A little bit more on the starboard side, but you might get a few rays of sun working here, but warming up nicely. We see this weekend for those inland spots to so. This is the shot of the east bay shoreline. We still some work to do here as this kind of trapped right here at the surface a bit. Its a dry upstairs. So well get that mixing process. Heres the projections, though. As far as that ground fog is concerned, that should be taken care of well before noon. But some of that fog clouds and so forth that remain at the coast a little bit through the afternoon and then return ag
Equities. We will comedo, back to this in a second while we fix this. Vonnie i will check u. S. Markets first because we are 90 minutes into the trading day. The dow is up. 25 . The s p up. 1 and the nasdaq tax reform helping the. S. Profit outlook david from mainstay capital think the trading weve been seeing this year is equivalent to euphoria. Perhaps this wont end well. Theyre interesting when we contrast this to a great chart we have in the bloomberg. We are looking at the number of death without a 5 pullback or greater. We are looking at the number of without a 5 pullback or greater. The s p 500 in blue. We are looking at the number of days without a 5 pullback. We are on day 295. Week,eek, it was last it was day 292. You have to go back to 1965. One of the bestperforming sectors on the day helping the record high, the financial sectors. Citigroup and bank of america higher. We have regional banks higher. Behind this trend, not surprisingly, yields. The 10 year yield is up five b
The predicted economic consequences much, and some too little but a review finds we will be live in new york to find out about that. Of brexit. Turn out well according to these address to forecasts. No gender bias. Congress. No deal after british combat troops with the eu, growth down by 8 . Left. With our American Values and unites us with patriotism. Politicians, none of them managed to unite the nation these days. Unite the nation these days. That seems unlikely. Growth down by around 5 . But it will see growth down by 2 . The president plot the year ahead. I expect immigration, jobs and infrastructure to want to mention feature. These speech from the president. Are lets see how time has treated these moments. Forecasts. To fashion a brexit that make america the eu and her party approve of. Great again. Here are some mp5 has come for a new programme of national rebuilding. National rebuilding. Reforming our system of legal immigration. Immigration. Today. The construction of a great
Kurdish region. He said he hoped the kurdish leadership would abandon names of creating a separate state, and not forced turkey into enforcing sanctions. He added that the landlocked kurdishrdish region would not be able to survive without turkish support. Hillary clinton spoke to charlie rose. I believe he either has something on donald trump, or trump thinks that putin helped him so much that he is not going to turn on putin. Either one is horrifying. At can see the interview 6 00 p. M. And 10 00 p. M. New york time. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Abigail im abigail doolittle. The s p 500 is turning toward that level of 2500. Scarlet but the question is, whatd you miss . Holding akers are are hoping tax reform will pick up steam. Chair markng weinberger weighs in, next. What
Another record high. Kevin, i dont know what your superlative is, but which was most impress sniff. They are all impressive, a beautiful thing to see we can say coming into the end of 2017, that this year was the year of f. A. N. G. It was the f. A. N. G. Ology it was fantastic youre up 40 on these names or a collection of them will you make 40 in 2018, or is it time to start thinking about what the rotation will be, because f. A. N. G. Is a wonderful thing, but i dont think well get 40 next year. Development is up there, cash flows are beautiful. This is not like a tech bubble its an earnings orgasm, thats what it is. Weiss, the street is tripping over itself today to bump amazons price target up i mean, everybody from webbush, cowan, jeffreys, rbc what do you make of this result . Is it too hard to pick because of amazon, microsoft, intel, they were all so darn good they are and its too hard to pick the growth on the type of revenue base they already have is outstanding i dont think