We will be talking about airlines. Will talking to alexandre de juniac, the director general later ron about whether or not american whether or not americans should be allowed to fly into the European Union . We will talk about the u. K. Quarantine as well, alix. Alix i probably have to pay more for cream cheese and gin. I cannot also going to london. That doesnt seem fair. [laughter] guy the world doesnt seem fair at the moment, but it is reciprocal. One was i last coming to you . Alix fine, whatever. Reciprocity when it comes to tariffs. Weighing on new tyrants. New tariffs. Michaeling at as mckee joins us to break things down. Michael you will have to probably pay more for gin and cheeses. It is hot in london today. What is happening, the u. S. Trade representative in the United States as the Trump Administration got permission withthe wto last october 7. 5 billion worth of tariffs, supporting airbus with illegal subsidies, including the u. K. , even though they are not on the e. U.
Rebel tories are demanding the ability to alter whatever final brexit deal emerges. Into the minutes trading day in the u. S. Abigail doolittle is here. We are off to a positive start. Have more record highs then major averages. Alltime highs yesterday, and seeing it again for the dow and s p. About half a by percent. We have not had a record high for the nasdaq since november 28. We had that many rotation out of technology. A bullish start as investors anticipate the possibility that a tax bill will be presented to President Trump before the holiday break. In. Ays it is already priced if there is any sort of stall, he thinks it could have a negative impact on the markets. Today is fed day, so investors having a bullish note i had of the anticipated rate hike. This is the 10 year yield. Interestingly, it had been higher for the last cointreau days. This is the first down day in five over the last cointreau days. Over the last four days. The worldf 1 Interest Rate probability showing 98
Are a little mixed. Nasdaq is down ever so slightly but earlier, the nasdaq had also been slightly higher. Looking at another round of record highs. Hope surround tax reform and the earnings season really kicking off on friday with some of the big banks. Investors on hold, taking a breather. Highs, relative to checker sector composition, tech lower as well but one of the best sectors on the day, health care. Almost 5 tific up up for the half percent. 4. 5 . Johnson johnson up 1. 9 . Investors liking what they had to say. Retail, a bit of a mixed picture. Season, butiday urban outfitters, not so much, down 5 . That is below what they had guided two, before and we also have under armour down 4. 4 . On brandside ahead risk and i know you love charts. Check out this chart on the s p 500. This is the rsi or momentum indicator on the s p 500. When it goes below 30, that suggests the market is oversold. We saw that back in the mid90s, for the most part in between those two levels, hitting lev
Where does kkr see value in the market these days . Head of global Asset Allocation will join us, saying there is opportunity in japan and emerging markets. About 30 minutes into the trading day in the u. S. Abigail doolittle is here to give us a breakdown. Abigail ge is dominating. Right here with the major averages, looking downsides and the lows following last weeks bearish trading action. In. Sellers are stepping when you put it together with bitcoin and highyield credit, both considered on the far yen far end of the risk premium relative to the s p 500 has done something not done until august. Moving back below the level. Turning now to ge. Looking at a intraday chart of ge. Has been allock over the map. The news came out that they are cutting the dividend to . 12 per share. The second time they have done that since the great depression. The stock could trade higher than 2 and then fell off a little bit. As news came out that they were divesting in assets and cutting the board fro
Share for the rest. About 30 minutes into the trading day in the u. S. Abigail doolittle has the latest. Abigail we are off records for looking at nice gains, following relatively big declines for u. S. Major averages. Dow had the worst pullback on that fed rate hike decision since october 11. The reversal higher today with the dow at 6500 and nasdaq trading higher. Rightuts the dow 25,000 on the cable. Across Asset Classes to see what theyre doing in the wake of the fed, we take a look at the bloomberg dollar index. A little bit off the high, but the bloomberg dollar Index Trading at record highs. This comes on that rate hike. We look at the 10 year yield, interesting action. This is an intraday chart and we see it is wavering around even. The 10 year yield earlier hit a 2. 64 . Two point 64 now, it is trading around even, up one basis point but there are technicians talking about we could see a reversal. One technician in bloomberg says that 2. 64 is a fibonacci retracement and we lo