Now. Temperatures will be all over the place, if you will, until we get the system to dig in a little deeper. 60s, 70s and also 80s. Sal, how is our traffic at 6 01. Not bad. As a matter of fact, we have dont have any major problems but we do have slow traffic if you want to distinguish between what you normally see which is the toll plaza, lets go there. I would call it routine traffic here, about a 20 to 25 minute delay before you make it on to the bridge. The commute here is going to be okay getting to it on interstate 880. Driving past oracle arena or 580 through the curve. This is highway 4. Look at all the traffic on highway 4, continuing to be consistently slow from antioch through pittsburg and bay point. Let me just point about something out. Normally, in summer, weast backups starting right about here. And now we have added all this extra. See . Thats what you are dealing with right now. Lets talk about the south bay commute. Northbound 101. No major problems here. 280 in san
Lets look where european equities are trading. Just under 30 minutes to the close of equity trading. This is the stoxx 600 and different industry groups. We are off by 1 10 of a percent. Mixed picture Energy Stocks outperforming. We are seeing a spike in wti and. Rent Consumer Staples underperforming down. 8 . Financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. It is the commodities outperforming. Commodity stock, energy stock, and commodity producers within the materials. The ftse 100, a little weaker,. 1 . Have been seeing cable spiking, i have a chart later showing the correlation between the ftse 100 and the pound, the ftse 100 falling below the 200 Day Moving Average for the First Time Since the brexit vote. It is still below the 200 Day Moving Average. It hasnt managed to break above it yet. Volatility on the ftse 100, volatility wages, we are looking at implied volatility, have been climbing relative to the euro st ocks. If we l
And details on the unwinding of the Balance Sheet. We see all of our major averages slightly off their record highs as we wait for that. As we wait for that, lets take a look at the bloomberg here. We have a chart of the s p 500 versus not just the fed Balance Sheet, but the return on the assets that the fed holds. Andave the s p 500 in white that securities owned by the. Ederal reserve since 2015 we have seen them go sideways slight gains in some performance, certainly outpaced by those of stocks, and we have had a lot of commentary around what the unwind is going to do since the conventional wisdom at least is that quantitative easing helped the growth of the growth of the fed Balance Sheet has helped the stock market, so we might see this hurt the stock market. And speaking of shrinking, we are watching the Food Industry run into some struggles here. General mills out with its numbers, three years sales slump is what has been experienced here. Earnings missing estimates, sales missi
Cryptocurrency. Why one leader in the industry says consensus between opposing camps seem unlikely. We will be asking that question, but first julie hyman is worth us with us halfway through the trading day. It looks quiet. Julie it is quiet in terms of people waiting for the fed. The dow and s p turning a little bit higher. The dow could rise for the ninth straight session. The nasdaq is lagging, but look at the transportation average, up 1. 5 . Really rocketing upward, especially relative to the other averages that we are watching. Gains,s helping lead that Company Coming out with its earnings after the close yesterday. The results in the quarter took a hit because of the cyber attack at tnt, which it recently acquired however it did reaffirm its longterm profit targets going doubt going out to do thousand 20. Some analysts say that is reassuring. Up an outlines was airlines was upgraded to outperform over raymond james. He also upgraded southwest to, saying it has a relatively stron
Across puerto rico. This is without a doubt the most dangerous storm in our generation. It is possibly the most dangerous storm in a century. The very latest coming up on the hurricanes path and the devastation and how it will affect finances of the already struggling island of puerto rico. Futures indicate the markets are open fractionally. Very much a fractional day here, very much break even. We will see a News Conference in comments from chair janet yellen at 2 15 p. M. Eastern. No change in Interest Rates expect it. We are waiting on the details of the Federal Reserves plans to unwind the trillion dollars Balance Sheet. In europe, indices this morning at around breakeven. The dax is lower. Asia overnight markets were mostly higher. Look at the close again. Fractional moves here shanghai and hang seng in hong kong and china up a quarter of a percent. President trump with World Leaders in new york including the king of jordan british Prime Minister theresa may after the commanderinc