Which we have not seen. Been 112 trading days since all three major averages fell by police 1 . We not quite there yet at this point. Stocks have been bouncing around a little bit in todays session on this downdraft we are seeing. Volatility is rising in stocks. But not stocks alone. This is as we see the 10 year yields reached 2. 71 . The selloff in bonds is strengthening as well. Here you have volatility months to date for stocks, the white line. Bonds, the blue line. Is the yellow. We have seen a surge in all three of them for the first time in quite a long time. We have not been seeing much volatility in this market as a general rule. Youging back to stocks, look at the landscape of what is declining today. It is a broad base selloff as you can see. Telecom and utilities are higher. Interesting those Interest Rates are higher even as we see those bond yields of those elevated levels. A are seeing as more defensive groups. On the flipside, the worst performing groups, energy, health
You have had two triple digit down days. I am curious to see if we are going to see twitter trump or teleprompter trump. David all of the reporting down here is going to be teleprompter. By words are being written Stephan Miller who tend to be a little bit of a hothead. Inx heres what we stack up the markets. The s p coming off its worst selloff since august and continuing today s p futures down by another 12 points. It is now a story of broader dollar weakness. Strong gdp out of europe. Yields taking a break pretty much unchanged. There was some buying in the market. Hit downtinuing to get 5. 8 . I want to highlight some movers as well. A lot of action happening in the market. Metlife hasnt set aside enough money to pay annuity holders. Stock continuing to get hit premarket. There is going to be a buyout for this company. That is no longer true. That stock getting hammered. That stock now unchanged. Take. Time for first those equityry is markets fairly shaken by the selloff in bonds.
Julie julia whats interesting is we havent had very steady action today. At one point all three major averages were down, now they have bounced off the lows, but it is still the largest selloff since august, particularly for the s p 500. We have seen to down days two down days. Lets put this in context. Take a look at the bloomberg, this is a chart that we looked at on friday, when we saw a 1 gain in the s p 500, because that was unusual. Thee saw a 1 decline in s p, that would be only the fifth time in the past year that it had happened, it has become increasingly unusual in this extraordinarily low volatility high recordbreaking day environment to not have these kinds of big price swings. Another way to put it is there have now been 112 trading days that have gone by with without all three major averages falling simultaneously. The 10th longest streak, i should say, of that type we have had since the nasdaq was record created. The next longest streak was back in 1972. In other words,
Forces. First to our lead. We had earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook it after earnings were released. It sounds solid to me. A device like this is incredibly sophisticated. It is at a higher price point. I think it is very it is a very strong number. While a high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concerned that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. Every one is the iphone. Not bad, he said, i feel great about that. What do you make of these numbers, given all of this fuss . I think the numbers show it was too expensive. There are different ways to look at this. Apple made a lot of mo
That we are never never lose face like this again. Sunday night at 8 00 p. M. Eastern on cspans q a. Announcer house transportation and infrastructure subcommittee on railroads held a meeting yesterday on recent train crashes and positive train control, which automatically stops trains in dangerous situations grade we hear from witnesses from the federal Railroad Administration, the natural Transportation Safety Board National Transportation Safety board, and amtrak. Without objection, the chair is authorized to declare a recess at any time. I ask unanimous consent ask questions without objection so ordered. Good morning and welcome to the subcommittee on railroads, pipelines, and Hazardous Materials. Before we proceed, i would like to extend our deepest sympathies to those impacted by the recent rail accidents across the United States. Todays hearing focuses on the of limitation of positive train control across the United States and as we have seen, we are in need of an update. Ptc is