With the doj. Germany closed for holiday, uk pmi was strong, brent may close above 50 for the First Time Since august. Road map begins with the first day of the last quarter, q3 in the books. Looking ahead to what y can expect from the usually positive 4q. A bombshell report about Donald Trumps taxes over the weekend shows he could have avoided paying up for two decades. Weve got all the details. And that Deutsche Bank saga that rocked Global Markets far from over. Were going live to the companys headquarters in frankfurt for the latest. First up though, history shows q4 is usually the best performing quarter for stocks. Will that trend continue this year . Fridays rally capped an upbeat q3. Tech sector post d its best quarter since 2013. S p with a 3 gain, dow up 2 . A lot of talk about seasonality, what the end of the year brings. I was surprised west texas usually down in q4. So a lot of questions in this one of course with even more question marks than usual. More than usual not ju
Good thursday morning. Business insider ceo henry blodget. Good to see you. Great to be here. A rally on our hands. The dow and the s p wiping out their losses for september. The industrials are leading the s p. Once again, henry, were at a stage where the fed acts, people who doubted their resolve get faked out, and a rush to buy again. Great to see a successful ipo. Always more fun when stocks are going up. I think from a high level as weve talked about in the last couple years, valuations are high. At some point if the economy keeps doing what its doing, chugging along, inflation keeps coming up, that will raise rates more aggressively. I dont think the outlook is great from here for a long time, but its in terms of equity valuation. I think so. Unless you think something has fundamentally changed with the Rate Companies can increase profits, which ultimately drive the market, over the next ten years, valuations are such well have very low returns from stocks on the order of 1 to 2
Most, more of localized zoom, wet weather tracking currently here, most notable across the lehigh valley, northwest suburbs generally speaking here. You can see obviously there is a lot of pretty colors showing up out there. We do have very light snowfall at this point, up toward the poconos, i saw couple of observation places like light snow up in northampton county. Pretty far north was if you there. You can understand why youre seeing little snow. Obviously coal enough to support it. At mount pocono, a relatively warm grounds, though, still in place here, so not going to see much accumulation though, did you see little bit of it that said up in the mountains over the course of the weekend. As we go forward in the forecast, though, that storm system is set to push through bringing with it generally scattered variety of showers, thunder store, brief, locally heavy downpour, the wind also going to pick up, expect that that breeze at minimum, breeze, or windy conditions, it will be runn
The trip with a mass. And thanked everyone for making the trip so efficient. A final wave on u. S. Soil, and pope francis historic tour came to a close. He boarded to rome just before 8 00, after ascend off by send off by Vice President joe biden. The pontiffs 6 day u. S. Visit cull mated this evening with a megamass, with a world meeting of families, 800,000 people packed in to pray. Pope francis called this a miracle in todays world. In the day, the pontiff met with 100 inmates at a philadelphia jay, some accused of murder or rape, and he held a close door meeting with 5 victims of child sex abuse. God weeps for the sexual abuse of children. One last ride in his popemobile. He stopped to kiss children on the head as he weaved. He is all about love. This is a once in a lifetime opportunity to be this close to the pope. Reporter one last address, during which he thanked everyone, and said his visit to ground zero was the highlight of the trip. I was very moved to stand with my brothers
Yesterday, cosbys lawyer accused one of his latest accusers of only coming forward to get some of his money. But the lapd chief says all of the cosby claims are worth looking into, even if they exceed the statute of limitations. Speaking to the press, thursday, lapd chief charlie said his agency is prepared to investigate sex assault claims, against bill cosby, even if he cant be criminally charged. Now, they could be using in civil recourse, or number of other things. We dont turn people away because things are out of statute. You come to us specially now with sexual allegations, you know, we will work with you. The lapd would not elaborate on the chiefs comments, but, former la county prosecutor steve mizer says, the move is unusual, unlikely, and possibly illegal. If lapd takes taxpayer dollars, uses them to function as private investigator for private plaintiff, that should be construed as an unlawful gift of public funds and it should be barred. That would apply to the woman who f