Supporting their economies and also containing debt and asset prices. If you look at what is happening in australia moving further into the rest of the year, maybe more, and the other side of that same coin is you have home prices. In sydney, something they have not seen in at least a decade. Another good example of that is to take it take a look at what is happening in south korea. A surplus, but it is not being driven by exports the way it should be. That is the main engine for growth. Trying to support that part of the economy and balancing fairly high household debt. And looking at taiwan, the biggest mover so far in asia this multiyear bull run. And we pushed past 10,000 at one point this year, under increasing threat. We are approaching the 8500 level at this point. The previous low was back in october of last year. Below that, we are headed to about 7900. I will leave it there for now. Back to you. Rishaad well, we had david alluding to china, and the Manufacturing Survey showin
Cool patterns predicting the next big moves for stocks. Off the charts segment is antithet call to my stock picking methods. I know from your feedback on twitt twitter youre interested in this analysis. I devote a whole chapter to charting, i havent become a charter myself if youre studying the physical and mental faculties, research, annuals and sectors and i lay it all out. Charters dont care much about this some of them hate the distraction of knowing much at all about a company for fear would bias them against the stocks chart. Ive become pretty proficient at charting over the years but i still allow on the individual work of professional technicians to demonstrate how to use charting and learn techniques that i could teach you i am picking the best of the best charts of some of the best technicians we was worked with, exploring the patterns so i guess you got to cull me a longterm believer thats why ive started nearly every saturday morning for the last 30 years reading the daily
Obviously. Waiting for yankees, the first pitch is in two hours. Welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that im kelly evans, im a big rally day here all right, all you folks in houston too by the way the dow on track for its first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. We will get more on that move coming up in a little bit here its kind of astonishing to see ibm up 10 today clearly after the dell, more dow components American Express is going to report along with ebay, well tell you what to expect as well. And so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. And i guarantee the plaintiff ll surprise you when you hear who it is. Thats coming up but lets get straight to the one stock giving the dow its biggest boost today that would be shares of ibm jum
Good morning. Happy friday welcome to Worldwide Exchange. Im sara eisen im dominic chu in for wilfred frost. We are starting your weekend off with taylors swift single called gorgeous. Taylor swifts new single are not like they used to be i dont know ill give it a chance to grow on me we are seeing action in u. S. Equity futures after that late senate vote that cleared the way for reconciliation dow futures are higher, up 80 points s p up 4. 5 nasdaq up 12 points. The nasdaq yesterday was the only one to close lower. The tech selloff led the nas da down the dow and s p finished in record territory yet again the party keeps going. Among the reasons for the jump in futures, big news out of washington the Senate Passing a budget resolution late last night among prartity lines that final vote was 5149. Senator rand paul was the only republican to vote against it. This is a crucial step towards that president s goal of passing a tax plan for this year senator als will have to reconce their
Yesterday you saw the nikkei ended that 16 session winning streak this morning stocks are closed higher the nikkei was up by 32 points to 21,739. Hang seng down by a third. The shanghai was up by a third of a percentage point. The early trading in europe, things are in the green across the board. Gains for germany, france and london up by a third stocks in italy and spain also higher treasury yields, check this out, yields at 2. 43 . Crude oil prices which have been above 50 comfortably for quite some time are now up about 8 cents. 52. 26. Here are the big stories were watching new comments out this morning from the saudi crown prince. He says the aramco ipo will take place next year and valuation of the company could top 2 trillion the crown prince said saudi arabia is working with all Oil Producers to rebalance the global oil market. On the wall street agenda, weekly jobless claims out at 8 30 a. M. Eastern, followed by september pending home sales at 10 00 a. M. In europe, we are go