Alliance securities. The fed shrugged off worries about using inflation. They say they are sticking to their path of normalizing Interest Rates. We asked john gorman if the fed provided any significant surprises. As you just mentioned, i think the further along markets where for a hike in september and it was. They give so much information before the june meeting, it looks like the Mortgage Rates could stall then and cause behind then and resume the heights in december. Hikes in december. It was an to your but the Balance Sheet. How much clarity did you get on the Balance Sheet on one and the active rate hikes coordination that they will carry out for the rest of the year and next year . That the coronation between the two is largely unchanged. As we stated, they are moving the tapering from september to december. Based on the fact that they give so much more information in the june meeting than they expected, it is obvious that they will be doing it a little sooner. The question becom
Yesterday was a standout day. It was the best day for the dow since may 19th the best day for the s p 500 since may 24th and the best day for the nasdaq since december 11th of last year. Things are looking cautious at the open overnight in asia, the nikkei finished up by 0. 8 . The hang seng and shanghai were weaker hang seng down by 0. 3 in europe, some of the early trading thatsalready taken place, you can see right now it looks like there are some modest advances for many major indices. The dax and cac are up the ftse is flat crude oil prices were under pressure yesterday crude settled at the lowest level since november of last year it was down 54 cents to 44. 20. This morning its down another 8 cents. Testing that 44 level at 44. 12 you got the beach on your mind a little bit. Okacean i was thinking ahead to stocks i have not had coffee yet. Following a developing story in barclays. Uk authorities filed criminal charges again the bank and four Top Executives under undisclosed payme
Europe is pretty weak. Ten year yield 223, now the lowest since mid november and gold came close to 1290. Our road map begins with a eye on the financials. Jpmorgan, wells and citi all reporting better earnings than expected. Plus, the new centrist president and about face from President Trump on several key Economic Policy positions. And apples big health bet. Sources tell cnbc that the company has a secret Group Developing a new glucose monitor to treat diabetes. But first up, earnings season is here with a bang. Jpmorgan and wells fargo and citi group out this morning. Citi earnings and revenue came in well above the estimates. Mortgages though remain a trouble spot. Pretty good in trading. Equity yeah. Very quickly, jpmorgan is pretty much what im going to say pretty much perfect. But the stock was up very big. People are looking at the futures versus the stocks and just hit them down. That is three basis points better. I love the delinquencies here. Theyre, very very good and comm
Said there. Wti, 49. 54. You rolled your eyes. Im trying to figure out i initially thought that ge was going to sort of double down and cost average in, because now things are cheaper to buy. It looks like this is sort of if response to trian, trying to get more focused on turbines and medical imaging and the other businesses, sort of maybe offload something theyve been trying to get in in such a big way since 2007. Theyve been adding to oil and gas, right . Now theyre getting out. We dont know. Though the company picked all the wrong times to get into all the wrong businesses. I wasnt going to say that. Being a big bank, energy company, or a media company. Which makes me think they own all these what i think are valuable oil and gas assets, now its cheaper to buy them, the ones you bought for too much, you can buy them at a better price. Now they will offload some of the stuff they bought at higher prices . Put it into a partnership, spin it off. Unclear. Have you made calls on this .
That demand is waning in Many Industries just when the fed wants to tighten. Hence while we ultimately drifted lower again today, dow dipping 22 points, nasdaq advancing just 0. 36 . Thank you, apple, for that. But if demand is just fine, thank you, not falling off a cliff, then we can tough this market out together. Not everyone agrees. For example, at the alpha conference yesterday, the vast majority of speakers seemed to write off the prospect of any robust growth in demand either here or worldwide. If you had to boil down the barest thesis, it will go like this. Central bankers are out of bullets. Nothings working. Demands declining. So were headed into the unknown, and lurking in the unknown is a terrible abyss of losses for anyone who owns anything. Stocks, bonds, you name it. While i have a macroworld view, im whats known as a bottoms up guy, a person who looks at demand company by company and makes an aggregate case based on what i can put together. Now, i admit that the demand