In the positive by 1. 9, a gain of more than 4 , 46. 65. We are not close to 50 yet, but lets see. Investors are selling treasuries. The yield on the benchmark 10year note hitting its highest level since the end of june. Look at that cracking a whopping 1. 5 . Bob pisani on the nyse floor with more on whats moving the markets. It doesnt get much better as this, michelle. Steady as she goes, just off the highs for the day. Look at the dow you want to look at 18,312, thats the closing high. Well above that right now. Lets put up some key metrics today because this is about as good as it gets if youre interested in stocks. Dow at a new high, crudes popping, gold is down. This is the fourth day in a row gold is down. And the dollar index has basically been flat. The 10year up just a little but not a lot. This is about as good as it gets for stock investors overall. You must think there are tons of new highs out there. There are some but not a lot. The dow is a price weighted index so bigge
Is it the nondecision. Is that how it should look at it . Tom that is what i am hearing from my colleague. Mike will be in washington at 2 00 p. M. Everybody looking for to december 16. Some of the challenges. You see it in the red headline. The norwegian sovereign wealth fund. The 4 return showing the challenges of working across assets. Jonathan it is remarkably difficult for the norwegian sovereign wealth fund. We will be talking about the carpet number of the bit later. For now, lets get the bloomberg volkswagen is feeling the pain. Vw posted a 3. 9 billion loss in their thirdquarter. Its first loss in 15 years. German automaker has had has said expectations will be lower than they were a year ago. It is cost vw 7. 4 billion which is more than the Company Originally set aside. Barclays has gone to the u. S. For its next ceo. Jes staley will take over. At one time, he was considered a likely successor. Three much ago, barclays fired its chief executive. Chairman wanted to cut cost a
Manufacturing contracted for the tenth straight month, and contracting at a faster pace. And this ban on Insider Selling will end in a few days. China put in some Circuit Breakers that remind me of 87 and they didnt know how the Circuit Breakers would work. They encouraged selling, not discouraged it. The communist party can be late at figuring out what to do. I would not count them out in terms of their ability to manipulate the market back up. One thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. They have abilities to stop selling, including making it criminal prosecution. It could be criminal again to sell. That we all know thats true. Could be a White Collar Crime once again to sell. So, the idea that you think china will be down multiple days f youre selling stocks because of that, the communist party wont let that happen. Some say the manufacturing data from december was not a big surprise, and perhaps it was
To build something new. Spending the money to take care of it isnt so popular. Governments are seeing this responsible for infrastructure. The skeleton upon which modern urban areas develop. A lot of that is out of sight like sewers and Water Systems and difficult to convince taxpayers they need to invest to maintain and modernize. Other elements like roads and bridges are more visibility, but very expensive to maintain and modernized. Infrachuckture thats been aloud to deteriorate and obsolete not only requires attention but controversy. That is where we are with the Western Hills via duct. It was constructed in the late 19 twenties and 30s to better bridge the very wide and flood prone Mill Creek Valley that hampered in was development. Everyone recognized it was much it was essentially about development of the Western Hills neighborhoods of the city and the undeveloped and vast unincorporated townships in western hamilton county. I am joined now by today or tune. The commissioner, a
Here. Let me show you oil, wti crude, for a time this rally occurred even though the price of oil was sharply lower, as you see there, until near the close. And look at that turned right around and became positive again. Article carbon reminding us all day that to keep an eye on wti crude because its still calling the shots in this market now. That is an important point, we continue to debate those areas, as Oil Continues to fall or not. Retail names to focus on as well. Get to where we stand with the markets, an hour to go near the highs of the session, dow up 319 points, about 1. 8 exactly the same as the s p is at the moment of 37. The nasdaq adding 88 points a little pit outperformer today but only pie a little bit. Nevertheless, some pressure across the internet name there is, bill. Get to our Closing Bell Exchange for this thursday. We have got cnpc contributeor Heather Hughes with us. Hi there. Jim lowell from adviser investment. Joe hider from cirrus wealth manmanment with us m