In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
College business Brian Brenberg in rasmussen analyst amy holmes is here. Good morning. Good to be here. Dagen some untreated man said please dont play the Fergie National Anthem anymore. Is it that bad . Maria it was bad. Dagen it was unique. Maria will wish he trying to do . Make it, but also maria it launched. Maybe we shouldnt play it on the air, but we need to hear this. If its unique in decadence words i need to hear it. Maria yes, and then theres taxes and policies. Our top story here, more americans now supporting the overhaul. A new poll by the New York Times on survey monkey showing 51 approve of the new tax laws up from 46 or send end are reportedly divided over which agency should be overseen and writing the new tax law regulations according to the wall street journal. Several gop senators on the office of management and budget to review the legislative process which has been handled by the irs for the past three decades. Meanwhile, treasury and omb Officials Say they are no
Sell down on a slight earnings miss despite the dividend hike a better connection for bouygues and the fed sparks a fresh bond market selloff with Janet Yellens final minutes pointing to a more hawkish rate hike approach, amid an improved Economic Outlook we are just getting the german ifo data out. Expectations came in at 105. 4 in february versus the Consensus Forecast of 11 110. 107. 9 the Business Climate index came in at 115. 4 versus a forecast of 117. All of the components of the ifo seemed to have dropped here. Thats coming off very, very high levels back in january. We had high levels back in januariment ty men january. The manufacturing component rose to a new high. Im curious to see where the Capacity Utilization number came in its up at 87. 9 versus an average of 87. 3 still above the longterm average. That Capacity Utilization number is crucial when you think about some of the inflationary pressures that could emerge in germany. Also switching to the construction, i would
Its now great when you see every single day, whether its bank of america or jpmorgan or Goldman Sachs and you start looking at other areas like boeing and microsoft youre not touting the Bank Earnings as being great . Oh, come on. Cocacola, at t, ive got you. Are they near the top i think theyre near the top yes, they are. Highest close since 07. Im in your corner, buddy. Were getting the facts and the facts are beats on the earnings side and revenue side and with few exceptions, this has been outstanding so far. We still have a lot to go. You with them im with them theres the socalled wall of worry out there. I dont think it exists. Theres complacency. I agree with that. The question is, what do you do with that in terms of your Investment Outlook you cant plan for that black swan event sure, you take out protection. But im not sure that the vix needs as much now as it did in the past heres what you do find the best companies you can and you go long. Sure, you go long on valuation on
Are open for business, we are working, were doing the public work, work very well, i think. So there are two current members, im the acting chairman. Im a republican. And i have my colleague, terrell mcsweeny, whos a democrat. But the thing to remember about the ftc is we are generally a bipartisan agency. Were an enforcementoriented agency, so our rules allow us to have a quorum with as few as two commissioners, so that isnt affecting our work. But, of course, we have to Reach Agreement to take action. Fortunately, most of the work that the ftc does is very much focused on real harms to consumers, fraud, we review mergers, we review antitrust issues, and those are areas where there is a lot of agreement. The other thing thats happening, you know, under hi leadership as chairman, ive asked staff to go back and take a look at some of the things that were doing that maybe need to be better focused or perhaps have a more limited impact on business or are our civil investigative demands to