Expected to announce their merger and challenges the u. S. Governments efforts to curb tax inversions. Wti crude slides more than 3 as the dollar bounces to a sevenmonth high. Energy stocks leading the declines across europe. Todays headline of the man whos taking las vegas by storm one nightclub at a time. Kneel moffitt joins us live from palm beach in 20 minutes. Good morning, everyone. It is 5 00 a. M. On the east coast. 10 00 a. M. Here in london. Quick check on u. S. Futures. The s p 500 seen off by half of 1 point really. The dow jones seen off by 25 and the nasdaq seen off by 3 or so. Maybe this, a little bit of profit taking given that weve come off the best week in a year this year, rather, for the s p 500. The nasdaq hasnt seen its best since july. Last week the s p was up 3. 3 . So really ignoring fears about the terror attacks, ignoring fears about china and maybe thanking the fed for more certainty. Now they know the first fed hike might come in december. The ftse 100 unde
Options actions begins now. Lets get to it. Stocks were not the only thing up today. The dollar, serging after the bank of japan checked the currency under the bus, but thats bad were a hot group of stock in the u. S. Dan, the strong dollar is a head wind. Think about when the dollar rallied. Started to rally the second half of 2014 when the fed indicated they were going to end qe, and the group hit was Consumer Staples because largely 5060 of the biggest names in the group have exposure overseas. We know that Global Growth is weak, and a lot of emerging markets so think about what happened in the end of qe, we had a huge dollar move, and, you know, Consumer Staples first hit last year, and Procter Gamble traded at 90 at the beginning of the year and down 30 , but something happened last year. Staples caught a bit largely because of the yield that a lot of them have. You know, coke, proctor, have 3. 25 dividend yield and deemed defensive. To me, what happened this week means the dollar
Market cap facebook has added this week and it could be just the beginning. The action begins right now. All right. Lets get right to t. Stocks werent the only thing up today. Check out the dollar after the bank of japan decided to chuck its currency under the bus. Dan, the strong dollar, really been a headwind. Lets think about what the dollar started to real, the second half of 2014 when the fed intricated they would end qe and one of the first groups that were hit was Consumer Staples because largely 50 to 60 of the biggest names in the group have a ton of exposure overseas and Global Growth is weak. In a lot of emerging markets. When you think about whats happened real since the end of qe, the end of zirp, a huge dollar move and Consumer Staples were first hit. Procter gamble was trading at 90 to start the year. It went down 30 at one point. Something interesting happened has we went into the end of zirp, last year. Staples caught a bit and largely because of that yield that hey lo
Options actions begins now. Lets get to it. Stocks were not the only thing up today. The dollar, serging after the bank of japan checked the currency under the bus, but thats bad were a hot group of stock in the u. S. Dan, the strong dollar is a head wind. Think about when the dollar rallied. Started to rally the second half of 2014 when the fed indicated they were going to end qe, and the group hit was Consumer Staples because largely 5060 of the biggest names in the group have exposure overseas. We know that Global Growth is weak, and a lot of emerging markets so think about what happened in the end of qe, we had a huge dollar move, and, you know, Consumer Staples first hit last year, and Procter Gamble traded at 90 at the beginning of the year and down 30 , but something happened last year. Staples caught a bit largely because of the yield that a lot of them have. You know, coke, proctor, have 3. 25 dividend yield and deemed defensive. To me, what happened this week means the dollar
On what your Risk Appetite is. Smith but this isnt making it simple. Well, i. I wish it was simple. If you want to gamble with your retirement money, be my guest. Narrator tonight frontline, the retirement gamble. Frontlinis made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support for frontliis provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional support is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The ford foundation, working with visionaries on the front lines of social change worldwide. At fordfoundation. Org. The wyncote foundation. And by the frontline journalism fund, with major support from fund, with major support from jon and jo ann hagler. In this bad economy are borrowing from their 401 k s. The number of