Has made it at the top of my board. 10,000. Jonathan im not an idiot and i am not trying to call the top. Alix it will be a topic of conversation. David there are some things going on inside the business emma chandra is here with first word news. Emma it is the Biggest Online shopping day of the year in the u. S. Ecommerce is expected to rise almost 17 from the year ago to 6. 6 billion. Online spending across the Holiday Season is projected to rise 11 , the most ever. Germany is edging closer to getting a new government. Chancellor Angela Merkel has began negotiating with the social democrats over a potential partnership. She says any Coalition Partner would have to support a balanced budget and probusiness policies. And there will be Royal Wedding bells in the u. K. Next spring. Prince harry is engaged to american actress meghan markle. The announcement came when his father, prince charles, puts him fifth in line for the british throne. Global news, 24 hours a day, powered by over 270
Abigail today, we are looking at modest gains. It we have the dow s p 500, higher by. 4 . It comes after the attack to form bill passes. Investors thinking rightly or wrongly that the 1. 5 trillion in proposed tax cuts will trickle through into the economy and help the stock market more with shares rising on the day. Take a look at bitcoin. Volatility there. Is hurting many of the bitcoin and blockchain related. Ompanies up 290 . Nd iced tea, this company is going to be changing their name to long blockchain, getting into the blockchain space. Haveample of the media we been seeing on all things cryptocurrency and bitcoin. , this is aockchain 69 million market cap companies. Hascro cap, somebody that a company that has six landowners in revenue and trying to get in on what something is a good thing. Others think it is a battle. It lets take a look at the threeday chart of bitcoin and the bloomberg because the volatility we have seen recently is interesting. Above 18,000 per bitcoin, nea
Oneday decline in almost a month. Joe definitely not too dramatic to getting to be a bit more of a selloff. Won a look at the inversion stocks we were looking at today on the new doj. Allergan was off by 15 . The worst performer in the s p. You also have Progressive Waste Solutions and apple. All of these guys are looking for some kind of mergers or inversions that could be stymied by the treasury rolls. Mike mckee has the best that of the day when it comes to allergen, erasing almost 20 billion of market cap in one day , and the treasury trying to save 20 billion over 10 years. They erased it from allegan and are trying to help the Treasury Department get it over 10 years. I love the juxtaposition between those stats. Joe i want to talk about interesting stuff in fixed income, interestrate world. Bund 10 year yields falling to the lowest level in about a year. You expect to see the riskon scenario, Interest Rates rising. Not happening here. This is the ultimate safe haven. People are
12 June: Market Remains Hopeful For Rate Cut Later This Year
The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a
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