More rate hikes this year . Amazon ascends. The stock topped 1000 a share in the u. S. Yesterday but how much more room do stocks have to run with the record rally . We are half an hour away from the european open, from the open of cash trade. Take a look at where futures are trading right now. We are seeing gains for most european indexes, a little bit of a loss for dax futures but the futurese in action. We have not seen the asian news carry through yet as far as Index Futures go. Theo see it if you click on gmm screen, you can see in the forex, the renminbi, the yuan getting a big move. Anytime you have a black oxen the middle of one of the panels on a gmm screen that means youre seeing a move that is more than three standard deviations away from the 30 day average. You see it here in the renminbi on and off shore if we take that and and pull out the bonds commodities, youre going to see china highlighted again here as far as the move with the sovereign bonds, the fiveyear dropping
I am cory johnson. Here is a checkup headlines. U. S. Stocks closing today higher with some modest gains. The big news came out of europe this morning where the ecb is discussing a new 1. 1 trillion euro stimulus to boost the euro zone economy. Here is tony blair speaking to bloomberg in dominoes. What is necessary for the eurozone is a coming together around a proper stimulus combined with a profound structure reform, its the only longterm route to competitiveness and the only way to give credibility to any macro measures such as the European Central bank might take. The stimulus measures are not a done deal. The plan faces an intense debate with the ecb governing council. Job cuts to American Express plan to cut more than 4000 people. The cuts will hit the company big time, taking a 313 million fall already. Meanwhile, fourthquarter sales dropped and net income is up 11 . The microsoft ceo issuing a preview of what they are calling windows 10. Including a new web browser they are cal
Reforms. The king has approved thursdays coup, but protests continue. You have been there many times. How extreme is this . I havent been there in recent weeks, but this time, it appears different from the outside looking at it ondemically, and carrying conversations with people inside thailand. The fear and what you saw over the weekend is that there is a ratcheting up of tensions, this as protesters become increasingly agitated with the way this coup is unfolding and the level of power that the , theal Prayuth Chanocha Army Commander and effective head of government, is commanding. Yesterday, he dissolved the thai senate. That removes the last Democratic Institution in the country. It is one of the reasons why you saw protesters out on the streets in force. The good news is, despite 2000 protesters moving towards victory monument, the military, even though there were many, there were no major clashes from what we understand. There were protests in a northern city, as well. It will be
Or a sense that the federal government is at last taking Decisive Action against ebola we can finally focus on what we do best, spotting the Top Companies to invest in. Thats why when we have a terrific series of Earnings Reports today as the geo political smoke cleared we could rally as hard as we did with s p flying and nasdaq 2. 7 . Later tonight i go over my check list of positives that i think are creating an investable. I regard next week as the single most important week of earnings season. Let me give you the game plan. It starts off with the earnings of apple, the Biggest Company in the world and let me tell you, still one of the most under valued. When Companies Report even the best earnings on the day of a major sell off traders take cue from the action and presume the worst. I think the same thing happened to apple when it announced very exciting new tablet products yesterday to reignite the slipping category. Apple is refreshing the entire ipad line and offering catchy ite
The final word is with you. I should mention the fact aclu and have made some strides on that. But i get some concerned about low voter turnout because i was taught by my parents who were immigrants to this country my mother grew up in nazi germany my father was russian and escape communist i was taught how precious a live is and how fragile democracy is so i always go to. To go back to the survey data what keeps people out of the polls is not the registration and voter identification that theyre not interested in the political process. If you want to increase turnout that is a cultural issue starting at the Elementary School level. But to the point where i feel guilty if i dont go to the polls and vote. Many americans are not raised that way or taught that. In nuclear not doing enough to do that. Also to anchorage people those that worked in the election process the problem is they cannot get enough people to work at the polls on election day. It is a tough problem the average age of