48. Road map begins with global head winds. U. S. Futures taking a hit as chinas market turmOil Continues. Seeing a little relief so far today and now investors turn their eye to the fed whose meeting kicks off. Big names this morning include ford, dupont, and ups. Merck reporting some mixed results this morning. First up futures rising as the s p looks to avoid its first sixsession losing streak in three years. Another decline in china. Shanghai down after an 8. 5 slide. Jim, you tweeted this morning the government took out some bad longs in china overnight. What does that mean . Im watch where the government is playing this and believe me the government is the natural buyer in this situation. They get the market come in bad. Then they let the market drop about 4 and futures were down. Then they just jammed it up plus one. Then the sellers came in and they stabilized it. Its kind of a victory for the bulls because it didnt close down. A typical collection and now theyre stabilizing it
Where they were this morning. Not doing a lot as we wrap up the week. The nasdaq, one point this morning up almost 5 10 of 1 , half of 1 , and now off of those. Green on the screen here. Apple, forw movers, example, one of the biggest gainers, and oracle, one of the as they arers here missing on some of the cloud revenue. That is what i am looking at. Lets recap for the week. Come over and my terminal, you will see we are much higher on the week for all three of the major indices, that is after last week when we saw some losses. We have some risk off dealing last week, revisiting that 2 level on the 10 year, and this week a little bit higher with yields up 15 basis points on the 10 year, so that reflation trade is certainly back on as we recap the week. I also want to look at some other major movers for the week ecowas asked fax, for example, down 5 here at the quifax down 5 tier after that breach. Elizabeth union out this morning, trans union down or elizabeth 4 , warren out this morn
Well good morning to you. Great to have you back good to be back lets get to the Global Market picture this morning. Coming off a day where we did enjoy the rebound that we flirted with the day before, it was led by the nasdaq which is up over a percent. The s p was up about 0. 4 the dow up a quarter percent tech was a big part of the rally, so were financials. Banks rallying for two clear and simple reasons, yields were rising, thats good for banks. Talk of tax reform which is good for banks. This morning basically flat. A mixed picture. A bit of green and red on the three main indices tenyear treasury for you, yields were rising yesterday back to above the 2. 3 level. 2. 34 not just a domestic story. Yields have risen around the world this morning the tenyear treasury note, tenyear bund yield in germany back above 50 basis points just below that level now. The place thats seen yields rise significantly during september is the uk, where we were below 1 on the 7th of september, now clo
While it may not be as wellknown as the dow jones industrials, it is considered more representative of the whole market, since it is made up of 500 companies as compared to the dows 30. Small cap stocks also hit alltime highs today, as did a leading indicator of the economy, that would be the dow transportation average. When all was said and done, the dow industrials gained 40 points, closed at 22,381. Nasdaq was up a fraction. The s p 500 rose three, enough for that new alltime high, sue. Bill, Washington Republicans were out in force selling their tax plan. There was some pushback. Ylan mui is in our nations capital. Reporter the republican tax plan is out. And now the hard work of selling it begins on capitol hill. The house ways and Means Committee will get the first crack at writing a bill. And white house economic adviser gary cohn said theres one number the president is not willing to negotiate. A 20 Corporate Tax rate. We would have liked to start lower and given ourselves some
He had planned to visit Western Michigan University, but was detained by airport authorities in saudi arabia for allegedly attending a prodemocracy rally earlier the same year. Well speak with maya foa, director of reprieve and Randi Weingarten, president , American Federation of teachers who are speaking out against the execution. Well also speak with weingarten about billionaire education secretary betsy devos, who has said she considers education an industry and called the Public School system a deadend. Then to arizona, where a hearing is underway that will decide whether a ban on ethnic studies in tucson schools is unconstitutional. We found these classes were promoting ethnic resentment. There were promoting it in ways that were intolerab. Amy then tobacco, a deadly business. The Vice President to tom price, a new report exposes how Tobacco Companies have gained unprecedented influence in washington under trump. Lobbying thatof Tobacco Companies are doing does not necessarily cor