In u. S. Stocks. All three major averages touching closing records. The nasdaq the only other three to also trade at an intraday record as we see strength on this day when we have a smattering of earnings reports to keep an eye on. That is one of the things helping boost the stock market. Also in the case of the stock market, technology is outperforming. Word aboutsay a volume. One of our chart masters cooked up this chart. Here is the average volume if you go back over the duration of the bull market. Here is this year in white. And the low of the bull market is here in red. 2017, volume has been running well above average. It started to arise a little bit, but again, still below the average line. Something to keep in mind as we enter this latest stage of the bull market. Back to earnings, i mentioned a smattering of them today. Tocks are rising, helping support overall gains in the s p 500. The packaged meat make a harm ormel, theiret h averages up 2. 5 . Medtronic coming out with ea
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Higher. It was lower earlier in the day and now it has split tire by ge and some financials. The s p sideways at this point we have been watching the bond market. Broke above that keith 2. 5. Percent level. A couple of Different Things going o n. We saw the 10year stabilize in the wake of that. A lot of queues being taken between the equities and bond. Arkets today there are extended levels here in the wakes of the recent rally that took stocks to new highs. We are watching the spread between the s ps current level and the 200day moving average. It is currently the highest, the widest going all the way back to 2013. Sort of extended here by that measure. Elsewhere today in terms of what we are watching, were taking a look at some of the Health Insurance companies. Molina is saying it has been informed that new Mexico Human Services department is not extending a contract between it and the company so it is under some pressure with 17 and todays session. Sentine and todays session. The t
Years women arguing that we need more grant money, more donor financing and that has all been great. What we knew the Human Capital project is to say look ministers of finance, we will put on a ranking of where you stand in terms of your stock of Human Capital and what you are doing to increase your Human Capital. And where you come out on this list may very well determine how quickly you grow. The dynamicange from one in which the developing countries wait for the supply of funds to come in which they are demanding the best way to improve Human Capital. Tom take that over to myanmar, how does the world bank as this china ms. Institution, how do you deal with one country whether its a border of turkey or syria or what weve seen in myanmar . We are very concerned about what happens. Very specifically what we are ourg is we are continuing lending for programs on health, education, social protection. We are very focused on supporting the poor in myanmar. Which wer operation cant go forwar
The tuesday trading day in the u. S. Julie hyman is here. We are in the green, at least. Julie more record, in fact. Even though we see relatively modest gains, it is enough to push to new highs. The s p 500 up for the sixth straight session. A lot of the again we have seen has been fueled by various earnings reports. Look at the bloomberg. Looking at the s p 500s performance, we see a 1. 7 gain. On the bottom, we see the number of companies that have reported. We are now more than three quarters of the way through in terms of companies that have reported. About three quarters have Beat Estimates in terms of earnings. Lets look at the Companies Reporting today, specifically within the travel industry. Here, we have oil caribbean on the upside. Thecruise line saying that 2018 itinerary is booking at higher rates and higher value, according to the cfo. Fourth quarter forecasts are below estimates, but its thirdquarter numbers beat. S pulling up other trip advisor and priceline reported n