The worlds Biggest Social Network collecting information from its users. Car affect the Auto Industry . Now to the league. You do have to take into account low Trading Volume in the u. S. The trend is still clear with Technology Stocks failing to join this risk on mood. Winning a sevenmonth streak. Isnt a longterm trend for technology . Lets ask our guests hop posts today. I will start with james. Now is at a record today. Nasdaq is lower. Volatility is low. I will quickly show you a chart i got on the bloomberg if you type in btv 859, volatility has continue to elevate itself within the stock market. James, what does this mean . James it is interesting that tech is up 16 this year versus the Broader Group of 8 . This is a situation where replicating the performance in the second half is difficult. At the same time, you can break it down into smaller components, tech continues to be doing better than it was in historical highvalue. The times during bubbles is also lower. You can make a
Dealing back. But this is a very vigorous area of low pressure thats subtropical moisture so we have those big fat heavy raindrops. We still because of that have that Flash Flood Warning in effect for let me get out of the way here, that red highlighted area and thats the soberanes and chimney fire burn scar areas. Santa cruz mountains we have a watch and for the entire bay area, we are now allowing the advisory to expire. However, you can anticipate some ponding on the sidewalks and hydroplaning on the roads. This is sfo we are seeing a little fog settle in mild temperatures between 51 and 57 degrees. The winds have been dialing back. They will be sustained today west 10 to 15 Miles Per Hour. Maybe a gust to 20 but thats about it. Meanwhile, todays high temperatures into the 50s. We are looking ahead thursday, friday muchneeded drying out days because we have the potential of a half a foot of rain over the weekend in San Francisco alone. We are going to track that incoming system that
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter
Fade that opec can find a deal to cut production. It has gone at 8 00 a. M. In dubai. B 0 8 00 a. M. In this is Bloomberg Markets middle east. The days are kicking down to the election. You are going to see everything that you need. This is the personification of risk trading. This is the volatility index, lasted 25 on brexit day. Up nine days in a row, 73 . If really wanted to understand brexit. What captures my eye, look at brexit morning. Could we have a rerun in the . Ost dire hours tracy we talked about investors being under compared for underprepared for volatility giving all the uncertainty we have in the market. Manus this story copy on the s p 500. Down 1. 9 last week. The longest losing streak since the 1980s, just before reagan took power. What really rings alarm bells to up Warren Buffett is piling the cash. 84. 4 billion at the end of september. When warren goes, that is good enough for me. Tracy the wizard of omaha. We will all be following him. This is a big story in the
Nasdaq with its tech stocks. Four major stock market indexes hit alltime highs today. Here are the record numbers. The dow added 88 points to 18,956. 40odd points away from 19,000. The nasdaq rose 47. S p 500 climbed 16 and the small cap russell index of 2,000 Many Companies up 6. The broad rally hoping that it will invest heavily in infrastructure, a triple play that could spur growth. Todays run also helped by a rise in oil prices. That rise lifted energy stocks. Mike santoli takes a look at the rush of money into stocks. Reporter its a great rotation from bonds into stocks finally happening. The sudden surge in bond yields and expectations of policies under trump from bond funds into stock funds since election day. The latest week track, 18 billion flexed income fund while 27 billion found its way into equity portfolios. Thats the largest one hj week shift from wonder into stocks on record, according to bank of america, merrill lynch. Particularly popular, funds that invest in finan