Story, that is, even even if everything that is written was true , and it is not, then the discomfort of top officials, well, certainly should not be an obstacle for ukraines accession to the eu, but discomfort, well, there is no such thing as super terrible, whether ukrainian banks created problems with their often suspicious behavior, created, thats why in this law, which adopted the prescribed fines. For banks, which, well, if they create unnecessary problems for people. And lets say it again, this is not a new regulation, it was in effect in our country from 2020 to 2022, an even stricter regulation was in effect, and the Civil Service did not collapse, people did not die, everything worked, that is, what is the cause of this hysteria now, well, i its honestly hard to understand, despite the fact that im a pep, there can be up to 1015,000 such people who are significant persons in ukraine, well, there is a certain list of who they are and their plus relatives, i will just briefly a
Holding in europe. Yes they are the dax, chief amongst the leaders with quite a significant gain this morning. 10year note yield, been hanging around the 2. 4 level there we are, 2. 378. You can see wti up 32 cents. Lets get to our road map this morning. It does start with that market rally you just saw the futures are pointing to new records on growingconfidence that republicans in the senate and house are going to pass that historic tax cut plan this week. Plus, well have more on csx, investors are worried given the turnaround strategy may be in doubt after the sudden death of Hunter Harrison. Surging in the premarket after an upgrade from jp morgan. And weve got plenty of deals to talk about this morning. Geez, we sure do. Well get to those and talk p g. Lets get to stocks first. They are on track to open sharply higher, this on optimism on passage of the tax reform legislation. The house is slated to vote on the bill tomorrow followed by the senate with republicans hoping to get it
Facebook results beating sales, profits, user growth higher than estimated. The stock is lower in the premarket. The big story for cigna, david cordana ceo joins us whole foods des appointments for the second straight quarter. It is down double digits as earnings miss expectations the governments initial reading of Second Quarter gdp coming below consensus, 2. 3 . Stronger Consumer Spending a slowdown of imports and a hike in Government Spending driving those results. First quarter up to. 6 from a previously reported contraction. Construction not bad. It echos what yellen and the fed said moderate growth continues. I had sandy cutler on the ceo. He said, you look around we are the best in the bad neighborhood, the globe. We are the best performing company. He is including china. He this is the numbers are completely phoney saying that this kind of growth is sustainable. It is not great growth. The rest of the world is on the decline. I understand what yellen and company did. Frankly, y
It felt kind of bad and here we are and weve actually gone into positive territory for some of the indices. Were seeing north korea acting up again but nothing has really happened. Until you see hopefully nothing really happens, the markets are going to go up and down and then hopefully we just get passed this again and we look at earnings earnings are going to drive this market nothing is happening meaning the bomb didnt land on land and so, therefore, the markets are saying, you know what, every dip you buy . I think thats what youre seeing so far unless you see a real attack. Yeah, i think its really hard to trade into an event like this we are in an environment where there are irrational actors but in terms of what the Economic Impact would be if war broke out, it would be highly localized to the asian region and specifically to the korean peninsula. So i do think that when youre thinking about it from a u. S. Investor perspective, u. S. Investors are probably insulated in their po
The small one. Im talking about the doomsayers and insentence that were going to get crushed if we own stocks here even with another sedate session. Dow advanced a little bit, nasdaq declined. 48 i hear this every day. Read article in the paper this morning, smart young fellows doing the short thing. Market is up too big, too expensive. Got to go down really reveltory stuff if north korea fires icbm, that cassandra is dead right. No argument there. Existencial crisis issue there was talk that Nuclear Power fallout couldnt be contained and parts of china wiped out. Trading during chernobyl, and people exiting stocks because of the kiev cloud they thought heading their way. Not drinking milk until late next year. Thermonuclear war would send the stock market down. Any bull left standing looks like idiot but living through that im inclined to stay the course why . Why can i come out on day like today and shrug off the losses in the buddies including apple first the checks are in the mail