Looking for a fresh start after ugly trading days last week. Yields are rising as debate over who will be the next fed chair picks up steam. Sax seeing more markdowns for womens shoes, handbags and menswear but its not bad news for the consumer companies. Jpmorgan upgrading Dollar General. Entell upgrade over at piper saying pcs are not down for the count yet. Futures, as we said, slightly lower after the major indices posted the first backtoback weekly losses in june. Worst week for the dow this year, all going on amid encertaine encertainen certa uncertainty of the fed mens and jackson hole starting thursday, friday. How do you feel after last week . I work on charts every week. Show it to them. Too many look horrible. I mean, ive got to tell you, were in a key moment here. Industrials hanging by a thread. The Real Estate Investment trusts terrible, carl. Only group good, gold stocks. We dont want them as leadership. No. The miners, hated miners all year not going to lead us out of t
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and continue to amaze and the Mortgage Application number this morning that is strong. If you get russia off the business
Recover today from the exchange shut down yesterday for more than 3 hours. The Broader Market rallied thursday, despite the trading halt. Gold and oil also edged higher. In earnings after hours pandora reported growth among mobile Internet Radio listeners. However it also had a larger loss. Shares fell 4 after the close. A report says itunes radio will be ready to play next month. The Internet Radio is apples answer to pandora. And, Mortgage Rates rise. Concerns the fed will start tapering its Bond Buying Program is pushing Mortgage Rates hgher. The 30 year fixed jumped to 4. 58 the 15 year is 3. 60 . Both are the highest level since 2011. Lets find out how scott bauer of trading advantage is preparing for this trading day. Scott the nasdaq had huge trading troubles yesterday. Will that leak into trading today . It doesnt look like it angie. It looked like everything was back up and normal by the end of the trading day. In fact the nasdaq crossed at the end of the day on the close, it
Elon Musk said on Thursday that he must respect the laws of a country else his X platform will be blocked, as an Indian user criticised the billionaire for locking her account over a post. X Briefly Blocks Indian User’s Account, Elon Musk Says ‘We Must Respect the Laws of a Country’.