Entertainment. This is daybreak asia i am in new york where it is just after 7 00. It was an extraordinary jolt for u. S. Markets. 10 days of record gains when it comes to the dow. S p also seeing record high. It shouldnt have taken very much for that jump to happen for volatility to jump. Withrprising it came strong rhetoric from President Trump. It is hard to discern what that rhetoric means. Does fire and fury from President Trump, what does it translate into in washington . It jolted the markets and caused us to fall to session lows. But we seem to have come back a bit, closing lower still. It was the initial fall that rattled the markets. Going to be focused on china Inflation Numbers here. Haidi thats right. Not to much overreaction when it comes to the aussie dollar. Look how it is setting up given a fairly volatile session. Lower sessions today. The kiwi dollar for a second day was the worst performer of the g10 currencies. No expectations of a rate change but certainly some we
On washington. I see Companies Like mcdonalds, everybody hates it, stocks now up three. Ibm reports a quarter. Everyone says forget that. Stock then has a very big run. Dominos reports forget dominos. Its done. Moves up. We see these Tech Companies come back. Nvidia was at 117 when the year ended. Then it gets slammed down to 102 and now its all the way back. These are not necessarily stocks associated with trump. So, yes, if you have Certain Companies that you think were just you really wanted them to do well because you thought that more people would go out to dinner, shop. Inflation. You think theres too much emphasis on the president . Its easy. Such ab easy thing to do. Rather than earnings . Who wants to read the Conference Calls . Im reading the visa my wife said would you come down and help . Were making pizza bombs here. Pizza bombs . Got i love those. That was good. Pizza bombs. The bombs were dynamite, man. They were like tnt. Not until the next day, though, right . We need
Look out below. Thats what i hear about this market every single day, including this one. Dow dipped 36 points, s p inched 0. 07 . Nasdaq advanced 0. 15 . Every day i try to reconcile these worries with my own view that stocks just arent that outrageously priced versus other big runs weve experienced before. In fact, i think the valuations in many cases are pretty darn reasonable. But i have a hard time proving it because were in an incredibly visceral, polarizing moment stemming from the election of a probusiness president who seems to rack up an incredible amount of baggage on a daily basis, baggage that makes this really seem incongruous. To put it simply, while trumps economic ajean did could be pretty positive, our new president has an unpredictable style that makes it difficult to fully emprasz the notion that we should be paying up for stocks here. Im sure there are some investors who read President Trumps tweet today criticizing nordstrom for dropping his daughters brand of mer
Lets check where stocks are trading with Abigail Doolittle. It looks at we have a direction for a change. Small gainsittle for the three major averages the dow, the s p 500, and the s p 500, after trading in a muddled fashion earlier this morning, mixed up and down, we now have small gains for all three of the images. The s p 500 on pace for a second day higher, and the dow on pace to snap a fiveday losing streak. A little bit of bullishness ahead of the health care vote. Investors are waiting to see if that goes through. If it does, he could be perceived as bullish because it could allow the Trump Administration to move fall for forward with fiscal stimulus. It is a dent on the health care stocks. Centene down a bunch. Hospitals stand to lose the most. We have seen this stock down the most, perhaps suggesting investors think the vote will be passed today. Molina health care, with more of a focus on medicaid, also has more to lose, as opposed to humana, which has less exposure accordin
Lets check where stocks are trading with Abigail Doolittle. It looks at we have a direction for a change. Small gainsittle for the three major averages the dow, the s p 500, and the s p 500, after trading in a muddled fashion earlier this morning, mixed up and down, we now have small gains for all three of the images. The s p 500 on pace for a second day higher, and the dow on pace to snap a fiveday losing streak. A little bit of bullishness ahead of the health care vote. Investors are waiting to see if that goes through. If it does, he could be perceived as bullish because it could allow the Trump Administration to move fall for forward with fiscal stimulus. It is a dent on the health care stocks. Centene down a bunch. Hospitals stand to lose the most. We have seen this stock down the most, perhaps suggesting investors think the vote will be passed today. Molina health care, with more of a focus on medicaid, also has more to lose, as opposed to humana, which has less exposure accordin