Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. It wasnt a bad one. It was a good one. Everybody thoug
Proven to be an ally in our pursuit of progress. President joe biden in every facet of his administration is crafting pathways to build americas foundations for the future. The accomplishment he has delivered, for the working people of america, those who have historically been left behind and for theiv future of r democracy cannot be understated. After fourat years of child despite he went above and beyond. He delivered the story of pension reform, setting of millions of americans including the building trade members. He delivered with a bipartisanfr infrastructure locking the greatest Infrastructure Investment in our nations history, to build safer roads, bridges, energy infrastructure, clean water, tragic and airports, broadband and broadband across america. He didnt stop there. He make sure the provisions in this law would expand highquality marketdriven craft training so that more people can pursue their shot at the American Dream through the Building Trades. [applause] he passed p
Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
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