We are counting down to asias major market open. Haidi treasury features are higher as fitch cuts u. S. Credit rating citing worsening debt and deficit and an erosion of governance. Janet yellen blasts the decision saying it is based on outdated data. The white house is blaming republican extremism. A grand jury and date donald trump on the attempt to overturn the 2020 president ial election. Shery Inflation Numbers from south korea for the month of july, the headline numbers is a gain of 2. 3 year on year. Coming in low expectations by economists not to mention it is easing from the previous month. The slowdown in inflation was pretty much expected due to the comparison with elevated figures during the month last year. Month to month numbers a gain of. 1 which is again below economist expectations. We are expecting this number two perhaps push higher in the month ahead. This is after julys heavy rains could apply pressure on this number. The core cpi number which is what the back of k
Incredible month where you saw stocks continue to climb add that to year to date dow up 7. 3 . The s p up 19. 5 the nasdaq is up a whopping 37 . Lets put that in historic context. The year to date, you were talking about the nas ddaq with the best first months since 1975 held on to gains gave some back in the second past of the year up 30 by the end of the year. If you look at the s p, up 19. 5 . That is the best performance since the beginning of 1997. That year, s p up 28 . It ended up 31 . Adding to gains, mike, throughout the things. You look at this and look back the pattern in history is that markets that are consistently strong with five months up in the s p 500 happens in the context of generally continuing uptrends. It is not a fluke. That being said, it has happened eight times in the last decade it happened 40 since 1949 the dow was up 100 points in the last minute of trading yesterday. A lot of stuff that gets done at month end. In general, the market has answered most of t
London and it works really well. Sometimes not so much but in some cases i agree with your priorities isolation, thank you as we kickoff the final hour of trade stocks are on pace for the best threeday performance since november Dow Jones Industrials up 108 points the s p getting 41 the nasdaq 150 points russell 2000 the biggest percentage of 25 points. No massive individual gains but when you punch up the five day chart we start with the russell because that best shows a muscular move of about 3 and it leads to the small and midcap breaking of bigtime, billionaire investor leon cooperman about to reveal to stocks in the russell that he has unmassed quite mistaken why he remains fully invested and will ask the Business School grad the news breaking couple of hours ago that his alma mater has canceled the main Commencement Ceremony and hes been very critical of the University Leadership and how it handled the propalestinian prohamas campus protest and announced on the show back in octob
Firm has no intention of tlashing outtlash thrashing out a takeover deal. Theres nothing to negotiation. Unilever too sales rebound despite emerging markets. The ceo is planning on another year of growth. Overall results 2. 9 underlying growth. This is the 7th year in a row that we have top and bottom line growth. Strong internals as well. And welcome everyone to the show. A number of earnings out of switzerland to cover. First, Credit Suisse beat expectations in the Second Quarter with profit of over 1 billion swiss francs. Earnings continue to suggest weakness in the Investment Bank. Lets get more with carolyn froms urich. As you said numbers were better than expected but the credit doesnt go out to him. Hes only been on the job for a couple of weeks. Yes he might have been very well prepared for that job but were talking about the Second Quarter here and that credit obviously still goes out to the outgoing ceo and im a little surprised to see that the Second Quarter shaped up better
Of the acquisition. Not only growing user numbers but engagement with the 60 increase in the linkeden feed with search traffic also growing faster than overall member activity. Plus, mobile, which has been a big driver continues to grow at double the rate of overall member activity responsible for 52 of all linkedin traffic. In the call, the Company Plans to weigh in on the early interrogation efforts, the Company Released the prepared remarks ahead of time saying that lindas Promotional Campaign exceeded expectations. With growing attention to international attention, jeff weiner said they released the 10 million member milestone saying china is the second largest market behind new signups behind the new u. S. Well Pay Attention to the q and a session. Julia boorstin, thank you so much. Guy on the closing bell at the top of the 4 00 show. Love the show. You called it right on linkedin. They raised guidance for the full year. That is true. They raised it by 29 cents, the beat for the S