1997, down 1. 75 . So the selloff in bond market has been real. The 30year yield back above 3 . 10year at 2. 30. The fiveyear, 1. 7, and twoyear at 1. 035 . The nikkei closed higher by a half percent. European equities at this hour, lower. Not by a whole lot. Except for italy and spain, off by more than 1 . Crude prices are mixed. Lower by 7 cents for wti. Look at the dollar, which is stronger once again against the euro and the yen. 14year high for the dollar index. 1. 06 is what the euro will cost you. You will get 110 yen for every dollar. Reuters is reporting this morning that chinese policymakers are ready to slow the decent of the yuan so it doesnt fall too quickly. Its 6. 88. That headline sergeauggests thay will let it fall through 7. People saying the important level that could the negative for multinationals to the point that where the everybody is looking for a reason for this rally to stop. Thats another one. I dont employee if that would stop it. The u. S. Dollar index, it
Many of them are getting an early holiday gift. Record highs today. Again, now for the down u dow, the s p, the russell, and the nasdaq their own record territory, many on a tear sense the election,as you know, and well look at which ones still have some room to run and which ones may have run their course at this point. Retail has been a big winner in this trump rally, but weve got someone who says amazon prime could still be a big threat to the sector. Well tell you which stocks are most at risk. Also, donald trump says that he spoke to apple ceo tim cook about a large tax cut that could motivate the Technology Giant to build a big plant here in the united states. We have the impact of mr. Trumps tax policy on jobs and Corporate America and their buyback pobltsd. Thats all coming up here. We begin with black friday. Weve got our reporters online. The frontlines all over the country. Courtney reagan at the Fairfield Commons mall in dayton, ohio. Morgan brennan is at a jc penney store
Like exxon, chevron, and pretty much nearly every other oil stock out there. Lets find out the reason and get to Jackie Deangelis at the nymex. Thats exactly right. Near 7 increase in oil prices on the day today. Remember, this is after the seesaw week here and, of course, we are near session highs at this point. Some buying the dip here, some technical buying, driving the price higher, but there is fundamental strength to because traders are looking at numbers out there, not just from the u. S. , but also in europe and taking them with a positive tone. Look at u. S. Production over the month of march. Ive got the numbers for you. A million barrel per day decline here in the United States, were just over 9 million as of april 1st. Next week could be that inflexion point where we drop under that level. Remember, this is down from 9. 6 Million Barrels june last year, so significant drop here. Those rig count declines that were going to hear about later in the hour starting to maybe have
June 01, 2021
In a Texas legislative session marred by partisanship, a labeling law designed to guarantee authenticity of Texas wine authored by a Republican, with three Democrat joint authors slid through the state legislature with ease and was signed by the governor into law.
“Great wine is something we can all agree upon,” said Chris Brundrett, co-founder of William Chris Wine Company and president of the Texas Wine Growers (TWG)
However, for six years this issue has been mired in controversy, splintering the industry into two factions: those who believe all wines labeled “Texas” should be crafted of 100% Texas-grown grapes, and those who feel there should be some “wiggle room” to source grapes from outside the state.