For some of the Nations Capital the Us Communities wealthiest communities. You know the function, 30 minutes left of the wednesday session. Five similar factors weighing on the u. S. And asia and europe. Denmark is up, the rest are lower except for the ftse. The ftse is up, the pound is down. Byk at the u. K. 30, down four basis points. Safety, commodities down. Lots to talk about. Lets get to german factory orders, unexpectedly rising for a third month in october. Europes strongest largest economy will carry into next year. Afterion increasing. 5 an upwardly revised gain in september. Lets get to this one. Etf. Msci. Er most since its inception in 2012, a third of the almost 46 billion into etfs tracking developing nation stocks. Investors are happy with low hanging fruit approach according to john woods, cio for asiapacific and credit suisse. He says it is spurring demand and that is why we are seeing it again seeking a game. Seeing a gain. This is the msci emerging markets index, be
Closed down by about 2 . The losses were more severe by the hang seng. Down 2. 1 . The shanghai off by 0. 3 the nikkei down by 441 points. That will get your attention lets look at early trading in europe again, some declines there not as severe as we saw in asia, but the dax is off by 1 lesser losses for the cac and the ftse declines in italy and spain. Yesterday the tenyear yield was 2. 35 , this morning at 2. 34 . We are watching the price of bitcoin surging past 12,000 towards a new record high. The currency got a boost on friday when regulators announced it would allow the cme group and cboe to allow bitcoin future contracts. Theres a few economic reports on the wall street agenda the november adp employment report is out at 8 15 eastern followed by revised Third Quarter productivity and labor costs at 8 30. On the earnings front, brownforman, h r block, American Eagle outfitters are set to report before the opening bell broadcom and lululemon are out after the close. We mentioned
Last night incredibly smart man, david rubenstein, the coceo of the Carlyle Group said what hes worried about for the next two years is an unanticipated geopolitical event call me a worrywart, but i have a list of things that dog me really not much happened dow dipped 40 points, closed badly at the end of the day. I think its worth going over my top ten worries as we head into 2018 before i give you the list, though, let me just say im not a big fan of the term, black swan the idea that something terrible and unexpected could be on the horizon. We have to be ready for anything a black swan is something you dont see coming but weve got lots of things that can be anticipated. So let me tell you what i look at when i wake up. First, im very concerned about whats going to happen with the tax bill for the longest time i didnt really focus on the details because i didnt really think congress was capable of passing such a Sweeping Change in tax code well, im completely wrong instead is looks
Thats what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. Dow gaining, s p advancing and nasdaq 0. 54 makes you wonder about the markets rationality youre wondering, thinking is it even sane . For the most part nothing wrong with the stocks that. Reporter zbls. That were hammered in the selloff. But market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what theyre doing. In short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didnt make a lot of sense sales force. Com. Stood at 92 roared to 102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under 100 in a couple of days as part of the rotation out of fastgr
What he says he will tackle next. Why it could be odds with one republican leader in congress. While the president touting new law as largest tax overhaul in decades. Polls showing americans are not quite on board. The Koch Brothers network now spending millions of dollars on ads selling the benefits of the plan. Were speaking up the man heading up this project. Freedom partners, executive Vice President , james davis, among our guests, steve forbes, zane tankel, John Hofmeister, former president of shell oil. We have a full show. Lauren we do. Get back to the down markets. Another down day for stocks despite passage of tax reform and avoiding a government shutdown. Nicole petallides on floor of new york stock exchange. End of the week, nicole, we didnt see a santa clause rally. People are very cheerly. There is a lot of optimism. It got quieter towards end of the week. We had a great day on monday. Were up for the week. In fact five weeks in a row of gains, almost 1400 points. So, up