That does not appear to be the case. The dow and nasdaq each touching intraday records. The upward momentum has resumed. Financials are a big part of the rally today. Is a big, big move for the it financial index stop seems to be a lot about what is going on. You mentioned jpmorgan even before the headline coming out. J. P. Morgan shares up by 2 . Regional banks doing well today. Take a look at the treasury market because that appears to be what is driving this rally in the financials today. Not take much. Even a marginal move in the treasury market appears to be. Aving an outside reaction only two basis points higher today. Yields havereasury been moving sadly hire all week, fueling some of the gains in the financials. E Company Specific news alibaba shares at a record today. 45 tompany predicted 49 Revenue Growth in the year ending march. Pulling yahoo , along with it. Nordstrom making big headlines,he family that owns nordstrom or one of the majority owners is considering taking pri
Been a fan before i was in congress of going beyond the saids initiative feds policy. I felt like q1, q2 and q3 do not create the job increases that policymakers at the time thought. I have been concerned as we go back and look backwards since 2008 that said officials have always been a little reluctant to talk about some of the unintended consequences such as a distorting the price mechanism in our economy, depressing cap rates for real estate or running up equity prices which i think are a result we have flooded from qe2 into our economy affecting prices. Today, i have not heard discussion, we talked about the Balance Sheet and Interest Rates , i want to talk about the money multiplier affect in your toolbox. We flooded the system with reserves, but we have a money multiplier down at apples rates , 1930s types rate. I guess my view, you shouldnt lower Interest Rates on banks as raising rates and planting this very thoughtful, careful shrinkage of the Balance Sheet . Chair yellen the
I am proud of him. Win the last hour President Donald Trump making a Public Comment on the big shape shake up. Reince is a goodman. John kelly will do a fantastic job. General kelly has been a star, done an incredible job thus far respected by everybody, a great great american. Reince priebus a goodman. Thank you very much. President trump making those comments as he arrived back at joint base andrews in maryland following his trip to long island. Lets take live look at cape may. Rain that will hang around tonight and tomorrow it is moving into the area. The timing couldnt be worse, right. Take look at all this. Doppler ultimate doppler radar. We are going to be dealing with a huge mess. We are talking about the concern of possible flooding. Im chris oconnell. Im dawn timmeney that rain is expected to be heavy at times and cause problems tonight and tomorrow. Lets get right over to fox 29 meteorologist Scott Williams for the timing and the totals. High there, dawn and chris. At least t
Victory claimed in the other party. They call it ridiculous. Polands former president tells the country, dont let anyone take away your rights. He was speaking at a day of demonstrations at warsaw by those to those who are in fear of the government taking democracy. Hiking up germanys credentials as a holiday destination from the beaches to the alps. Why germany is expecting a tourism boom this summer. I am sarah kelly, thank you for joining us. And a new threat from donald trump in the escalating war of words with north korea. He was responding after pyongyang vowed to fire missiles towards guam and called trump senile. He had his own words for the regime. Listen in. Donald trump north korea does terms of talking about attack, of anybody that we love or we represent or our allies or us, they can be very nervous. I will tell you why, and they should be, because things will happen to them like they never thought possible. The people of our country are safe. Our allies are safe, and i wi
Opposition to the streets after victory claimed in the other party. They call it ridiculous. Polands former president tells the country, dont let anyone take away your rights. He was speaking at a day of demonstrations at warsaw by those to those who are in fear of the government taking democracy. Hiking up germanys credentials as a holiday destination from the beaches to the alps. Why germany is expecting a tourism boom this summer. I am sarah kelly, thank you for joining us. And a new threat from donald trump in the escalating war of words with north korea. He was responding after pyongyang vowed to fire missiles towards guam and called trump senile. He had his own words for the regime. Listenen in. Donald trump north korea does terms of talking aboutut attack, of anybody that t we love or we represent or our allieies or us, theyey can be very nervous. I will tell you why, and they should bee, because things will happen to them like e they never thought possssible. The people of our