I cannot be in favor of it. Plus, britains got talent, and france wants it. Residential hopeful emmanuel workers tos skilled return to france after talking to theresa may. Fore are the figures germany, Business Confidence coming in at 111. Stronger than the markets were expecting. They were expecting a figure of 109. 6. It is stronger than expected. A little bit better than expected growth figures. This is the picture for eurodollar. Lets get straight to your markets. Yesterday, we had record highs for the u. S. , and that means it is probably still going through a little bit when it comes to european stocks. I want to show you movement on japan as a haven. Volatility yesterday was gaining 4 . Brent crude, if you are looking wti. At markets, look at brent at 56. 53. This is my favorite bloomberg. This shows you the german twoyear yield. Is further into negative territory. This is the zero line for the german twoyear yield. The three main reasons for this it is a haven, there is support
Hitting multiyear highs this morning. Roadmap begins with Billionaire Hedge Fund manager david tepper not pulling any punches. What hes betting on, plus his take on trump, apple, snap and a lot more. A blowout jobs number from adp shows that businesses are booming. Were going to dig in on the report. And an oped this morning claiming the president is suffering from trade Deficit Disorder. The street is weighing in. Well get the debate on trumps trade plan. Some upbeat news ahead of fridays big jobs number. Data out of adp shows private sector added 298,000 jobs in february. That is the most since december of 2015. And then on squawk appaloosas david tepper offered his take on the markets. China, europe, japan, and us, are growing. The day that we had three republican houses, that was the day the president of two houses, that was a day there wasnt going to be another regulation put on the economy. And that alone just releases animal spirits. Nothing else happens, that releases animal sp
Exchange. Paul dietrich is with us today. Hes at post 9, along with Steven Sarge Gill four, and Rick Santelli is stick looking for buyers of tenyears notes. Sarge, here we are, alltime highs for the dow and s p, some other averages not the case. Whats your assessment of this . They buy treasuries, they buy stocks. For several days, they buy stocks. In you think the market is going to come in, you dont. People are talking about buying bonds for the capital gains. What are you advising people when it comes to maybe they still have hesitations . You know, youre looking at the tenyear yield at practically nothing, and what were seeing is moving into the stock market. Im recommending even with the stock market at historic highs, there are still a lot of bargains in this market. I mean, if youre a value investor, as we are at fairfax global markets, where we look for low pes, high returns on equity, there are still a lot of bargains in this market. Like what . Apple, for example, is selling
Well and it is the Bloomberg Consumer comfort index at 10 00. Fed had had, so apple of days ago. We also had the Kansas City Manufacturing number. Why do they do regional numbers . If you add them up, you get it picture of the country as a whole. We are federalists. Before the bell, best buy, scarlet fu will break that. Hewlette bell, the gap, and packard and obama is speaking in cooperstown today. Thats because the orioles are in first place. Lets do a data check. Equities, bonds, currencies, and commodities. The equity markets have a surge. Weaker and nymex crude is elevated bigtime. Vxx shows under 12. The euro dollar is so important. There is iron ore. In shanghai. I have no idea what the number means but iron ore is cheap. This is the volatility in the market. It is gone. This is the 25 year average. Over the lastgst five years and down we go bearing down to a new complacency. This is the conundrum. Thank you Central Banks and janet yellen yesterday saying considerable . We are mo
Modest growth as new initiatives in mobile and other areas kick in. The stock went slightly crazy, got a huge boost after alibaba rolled its results. Forget what is happening at yahoo at this point. Its almost insignificant at this point. Yahoo owns 24 of the chinese ecommerce alibaba. They made more than double the amount they made for the same period a year ago. Revenue jumping 66 to 3. 1 billion. Alibaba plans to file paperwork as early as next week, thats what everyone is excited about, about this potential ipo offering on an american exchange. They are debating whether theyll go with the nasdaq or the new york stock exchange. The sale could be the largest ipo in American History if the companys valuation could reach, what some people are saying could be as high as 200 billion. Jerry yang of yahoo always gets a hard time because he is he the one that made this investment. People thought he screwed yahoo up forever. God bless jerry yang. He saved this company. Marissa meyer should t