Euro, and he is now accused of tearing it apart. Tom where will germany be monday morning . Brendan i do not see how this fails, but germany is talking about having a discussion with itself about the euro, and it is entirely possible that they may be ready to contemplate after some time what we have been talking about. Tom lets get to top headlines. Here is vonnie quinn. Vonnie thank you, tom. Lawmakers in germany are getting ready to vote now on the new greek bailout. The plan is expected to pass backed by the majority held in parliament by Angela Merkels party. The german chancellor spoke this morning in favor of the bailout. Angela merkel the dramatic events of the past days in europe cannot be overestimated. These days are dramatic, first and foremost, for the country that is the subject of our thoughts and consultations greece. Lets imagine for a moment what it would mean is at home in germany pensioners would be queuing in front of closed banks to wait for their weekly pension of
[ screaming ] and thats basically how the dow can mruj 181 points while the s p sits at 7. 3 and the nasdaq declines. 3 . I would say this market is enamored with growth meaning it would pay beyond reason for any company thats scoring much faster than the average name or company in the s p 500. Often, that gets hidden perhaps because of earnings surprises or takeovers. You may not see it that starkly as there could be momentary sparks of yearoveryear growth for just about anything. Sometimes, though, its so stark as to be painful. The house of pain and today was one of those days and it continued into the after hours. First, lets deal with the two stocks that caused the dow jones to yell timber in todays action. Before we get to the confluence of stocks including apple, microsoft, and yahoo and goprothat reported after the bell and not to mention chipotle. The first utex thats how its known on the street has been considered the bluest of blue chips whether its aerospace, defense, heati
Safety around the world. She said he has good advisors. In israel, the wife of Prime Minister Benjamin Netanyahu is facing indictment on suspicion of misusing public fans funds. She allegedly overspent at private on private meals at their residence. She called the charges absurd. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Abigail live from eric. New york. Quiet but therly dollar at its weakest level in more than two years. Eric the question is what you miss . The hurricane continues its barrel toward florida with millions and the potential path of destruction. Billioncould reach 200 tapping hurricane katrina. Investors have almost 9 billion in funds but hedge funds are asking clients to remain calm. Congress passes a shortterm debt ceiling go that republicans in congress are blaming House Speaker paul ryan for letting democrats get the upper hand. Our top story, authorities are orderi
Do get cheaper when they go lower. Call me captain obvious for pointing it out but i think this common sense wisdom also gets ignored when were analyzing stocks on a daytoday basis far too many people act like its not part of the calculus. All three major averages ascending to alltime highs. Dow rose 23 s p, nasdaq both rose to 43 i came across i came across it today in a fabulous report from a friend, recommended the stock of cnn becomes company. The comcast stock was downgraded saying it had run too far too fast today with the stock down more than 10 they upgraded come cost, just as everybody seemed to be turning on it. They believe the term is facing comcast, cut t. V. Sub subscribers. The stock doesnt seem to have any transaction today but they make a good point. Stocks of Good Companies its something you do acknowledge on a day that apple launched its knew iphone speaking of apple, it amazes me that oh you know i always have to try. It amazes me ten years after the first iphone ca
Benchmark yield at 2. 34. The treasurys warning for washington and wall street pass tax reform or markets will fall. Ibm shares on the move after better than expected earnings despite 22 quarters of declining revenue. Big blue up 6 in the premarket. Dorsey vowing to make a more aggressive stance to crack down on hate speech and Sexual Harassment not only has the dow surpassed 23 k but up 25 since the prds was elected. On a political podcast the treasury secretary did warn failure to pass tax we form could derail the rally. Theres no question that the rally in the stock market has based into it reasonably High Expectations of us getting tax cuts and tax reform done it also has based into it optimism on regulatory relief, which theyve begun to see and theres expectations so i think to the extent we get the tax deal done, the stock market will go up higher but theres no question in my mind if we dont get it done, youre going to see a reversal to the significant amount of these gains. Weve