Yeah the average making new highs. Dow at the best number of year f nasdaq climbing 3 it lulls you into believing this mark cant possibly be hammered. Those are often the most dangerous of times what happens if north korea tests a missile and it did you know clear japan but land in it . How about if we get a return of president trumps old vie tilt of the white house the market keeping off i dont think we can discount any of these things or even something far from left field or even a cyber attack. The ceo somehow crazily remains at the helm after what maybe the worst data breach in history when it comes to our finances, we got to stay vigilant. Theres also something bad that can happen im saying the recent streak of positive is highly unusual, maybe as unusual as whats going on with the tribe in cleveland even as it makes plenty of sense in this lower inflation, we dont know how long that lack of negs can last. Heres what im urging you to. First dont get cocky. Second alone let third d
The chart master sees something hulu becomes the first streaming giant to take home the fold go the first drama series how big a win . But first we start with the markets. The dow with a new record, s p with a new record and check out the leadership as the rally broadens out financials industrials, all leading the markets higher, so do you chase stocks at these levels statistics a simple as just keep buying, pete i think in some names it is in other names its more different. Whether we talk about the potential, the earnings potential, even without the curve helping them out, i think the financials are way too cheap. All we have seen in the last week or so has been 10,000, 50,000, 70,000 calls being bought in bank of america, xlf, all different names, aggressively positions, then you look over at some of the industrials, but also the materials. Paper has been very, very strong there as well. I this i the industrial names they feel stretched, so its all about how you value the multiple a
Kospi in south korea was up by 1 1 3 shanghai index ended slightly higher as well this morning in europe in some of the early trading weve already seen, again, the green arrows continue there, too the dax is up by over half a percentage point the cac in france up by 4 ftse is up by. 3 of a percent. Check out crude oil prices which were up sharply last week. We saw oil close above 50 for the first time in over a month a gain of 2. 50 over the course of the week. This morning down by 2 cents to 49. 87 currency, dollar was also stronger after coming under pressure in recent months but the dollar index was stronger. Dollar down against the euro at 119. 5. Up against the yen, 111. 29. Record night of emmy awards. Handmaids tale. Took home the top prize. The cast of veep took home the best comedy. Saturday night live came out on top it won nine awards hbo won the most awards of any network. Big little lies helped secure that record. Hbo held off netflix yet again winning 29 total emmys compa
Percentage point dax is slightly weaker, relatively flat as is the cac. Crude oil prices, crude Oil Yesterday was flat ended up by two cents this morning another 44 cents 55. 35 so wti above 50 a barrel. Back to the markets in a moment first the latest developments on Hurricane Maria. The hurricane making landfall on the island of dominica as a category 5 storm it is now weakened slightly within the past few hours to a category 4 thats the good news forecasters warn that maria could reach strength as it nears the Virgin Islands, puerto rico also in marias cross hairs. You know, when these hurricanes come, they come. This come in waves we are also following developing stories out of Southern California overnight a magnitude 3. 6 earthquake shook parts of los angeles it happened at 11 20 p. M. Local time dren residents as far away as costa mesa felt the rumble joseph, why never heard of costa mesa i called it so ed ied it cos, im mesa. Im a messa in the morning. Look at my script its thi
We track it. Talking to an official down there. Looks like progress is finally being made in congress on two of President Trumps biggest agenda items, that would be tax reform and replacing obamacare. We head live to capitol hill for the latest details on that. We also have fedex, adobe, Bed Bath Beyond reporting earnings after the bell today, a few days sinces weve had bigger earnings to recover. Well bring you instant analysis as soon as the results are released bed, bath down 2 . Fedex getting ready to raise rates. We begin with Hurricane Maria gaining strength yet again heading right toward puerto rico w wtvj meteorologist Steve Mclaughlin with the latest. A couple days ago the storm was what we call 96l, a big storm in the ocean by saturday 5 00 pvm, it was Tropical Storm marine ya, sunday 5 00 p. M. , Hurricane Maria last night at 7 45, category 5 with winds of 160. That is where we are right now the track right across the Virgin Islands especially st. Croix as a major hurricane,