Operation twist, where we just had a liquidity dynamics last time i was on we talked about Earnings Growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so were this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. So if you think about when those rallies stalled out after qe2, that was the point where everyone realized all that liquidity didnt really boost earnings all that much and by then stock prices were ahead of fundamentals but between now and then, i think that the path of least resistance is still higher lets take a quick look at treasury yields. The fed operations is a large part of why. The ten year is yielding 1. 73 and meanwhile Chinese State media, remember on sunday the pro democracy candidate scoring a landslide victory winning almost 90 of the district down can still seats. And now beijing is calling the election a setback for hong kongs Democratic Developm
The sleepwalking murder trial. Should a man be held responsible for murdering his wife if he was sleeping while the shots were fired. Plus, how early is too early . The debate raging over radio stations already playing nonstop Christmas Music. And the Little Mermaid live behind the scenes, what you didnt see during the tv performance. Good wednesday morning. Thank you for joining us. We begin with an Election Night upset breaking overnight. Results coming in from key races in several states. And democrats are claiming a big night. The biggest story is from the governors race in the red state of kentucky where Democrat Andy beshear declared victory over the incumbent Republican Matt Bevin even though analysts say the race is too close to call. President trump who won kentucky by 30 points in 2016 threw his support behind bevin at a rally monday. Democrats say this race proves their momentum nationwide. I havent had an opportunity yet to speak to Governor Bevin but my expectation is that
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the n
Productions. We will break down all the numbers for you. And microsoft stopped making phones years ago and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and now plan thousands of job cuts. Kurt wagner spoke to an analyst and bloombergs alan hewitt, who covers the company. It is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the next few months with these show wall
This morning on 250 billion worth of chinese goods set to go in effect on october 15th, going fun fact 1 in 4 of us millennials have debt we might die with. In effect october 15th, washington extending olive and most of that debt is actually from credit cards. Branch of sorts, granting its just not right. Licenses for some u. S. But with sofi, you can get your credit cards right companies, some companies to do by consolidating your Credit Card Debt business with hauwei all of this into one monthly payment. As creep authoritarian rule you can get your Interest Rate right by locking in a fixed low rate today. Seems to be getting closer and and you can get your money right. With sofi. Closer to american business, i mean, you are seeing china bully check your rate in 2 minutes or less. American Companies Across the board, apple just caved to get a nofee personal loan up to 100k. Business, he wrote great oped this morning act activation blizzard, whats your take on this . Revealing how thug