Move higher in treasury yields in response to that jolts number. So, adding to the other concerns about supplier treasuries and all the rest, we did have some hot economic data. The question is, mike, where do you go when you are seeing yields move this fast and this far up . Because the safe havens that you go to during a weaker economy like Consumer Staples and utilities are getting whacked on the back of these higher rates because they pay high dividend. Theyre rate alternative. The cyclicals get hurt. Tech is getting hurt because you worry about valuations on the back of higher rates. Whats left . Whats interesting is that tech in particular has acted, at least the very largest companies, have acted a little more as defense than as pure Interest Rate proxies in the last little while. Yesterday nasdaq 100 was up. When you had yields making new highs. Part is the Balance Sheet strength. I guess the other question, though, is do you decide that the market is essentially getting too ne
Fingering, roll it out. Weve done this at weddings. Cross and hip and hip and thats it. If the music will get going, we will repeat it. Do it together, ready . Ainsley oh. Bring them down. Bring them down. Pop up and step and clap. Set, clap, disco, disco, roll, cross, hip, hip. How does that feel . Lawrence pretty good. We got it. Five, six, seven, eight. I love that. Lawrence that was pretty good. Brian where do we go to find out more . Voomerang. Com, with a v. Brian next hour of Fox And Friends starts now. Steve good morning, new orleans, 7 01 in the big easy as the sun comes up and you look at the super dome. Many super bowls have been played in that building. Many Football Games and the whole world was watching one particular Football Game last night live from Met Life Stadium in New York City area just across the river in new jersey. That Woman Hugging Everybody is taylor swift. She is celebrating big play by the kansas city chiefs. Chiefs win 2320 over the jets. The fact she br
We will bring you everything you need to know. Ed we will get the inside look into the Digital Asset industry as the Firm Announces it has raised 500 80 million for new funds. Caroline the ai startup raises 100 Million Dollars to further grow its business. We will have an exclusive conversation with the ceo. Lets check in on markets. We are all looking at what is happening in terms of the fed, the bank of england, the bank of japan as well. The twoyear yield ticking higher. Some nervousness about whether we are expecting a pause later this week. New york crude the Inflationary Pressure point. 92 a barrel, up one point 2 again. 1. 2 again. Even amid the caution and nerves, we are seeing a bid into bitcoin. We are seeing some outsized moves. Still above the 27,000. Ed there is a lot of news driving movers. Apple rallying up 1. 9 . They are trying to make sense of the early preorder data for the iphone 15. The market seems to like what it is seeing. He goes on sale september 22 in this co
The wind is at back of investors here in stocks. How much different that is since friday when everyone was talking about selling off shares of tech and 2018 was not going to be the year of technology, but yet we come in this morning and we seat flows which i think are very important to Pay Attention to in the first couple of weeks the flows are going into technology also, i would be watching as a early indicator of to 18 the u. S. Dollar and where that goes. We are challenging the 17 levels knows lows are the lowest level since 14 so i think thats going to be important early on. I meaning the setup, josh, would appear to be to be pretty darn good other than the fact that youve been up almost unabated for as long as we can remember whats the other risk thats out there to this story continuing the way that it ended. I think the most bullish thing that you can say the setup right now is when you actually look back at years where the s p has a phenomenal year, there is nothing in the data,
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t