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James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data ....
You why Something Else may be the key to oils next move. But first, we start with the markets. It was, of course, a tough day for stocks, i guess. The dow down 150 points at its lows. Although both the dow and s p eked out gains for the month of may. And the losses come as expectations mount for a Federal ReserveInterest Rate rise as the dollar enters a twomonth high. What do you do with your portfolio now . I dont see anything wrong with going for the protection, especially at the levels coming into today. We finished last week at 2100. But you look at the way the dow traded today. It really was something that was reflective of a couple of things. Boeing, bing turn to the down side. The energy names, chevron, exxon, you see the way oil flipped from over 50 to close underneath 49. Big flip there. Is that something thats ....
Hearing from honeywell as well. A few reports of note, 9 15 eastern time Industrial Production and then at 10 00 its Consumer Sentiment and the jolts report. Thats the job earnings and Labor Turnover survey thats closely watched. Big stories this morning, investors putting money to work in the latest week. The u. S. Stock based mutual funds attracted 2. 5 billion. This reversal following 8 billion of outflows during the prior week. Also in global news a big test for greeks left wing Prime Minister today. A penalty for early retirement and expansion of property tax. Cleveland fed president is addressing recent assent among policy makers. They have had different views on Monetary Policy in the last we ....
Holidays s p futures up by 5 and nasdaq up by 11. 5. Heres some of the stories were watching this morning. Economic data later today. 8 30 a. M. Eastern time weekly jobless game. And then at 10 consumer sentiment. Deer will post the latest Quarterly Results before the bell and a story of note for sports fans. Draft kings and fan duel have their day in court. Theyll square off against the new York Attorney general today at the state court in manhattan. The ruling will decide whether or not the companies can decide to continue to operate in the state as the Court Debates whether daily fantasy constitutes illegal gambling. Stocks to watch, hp is one. It fell short of expectations and revenue fell 9 from last year. A fifth straight quarter fall in sales. They split into two separately traded public companies. Earlier this m ....
A mixed bag, and that tenyear note yield, hovering a bit below, a 218 right now. We have been up significantly in yields in recent weeks. Lets get to our road map this morning on the earnings front. While dish makes more money, but fewer subscribers. Yeah more money, more problems. Has taken that take in the special online retailer. Sometimes they surprise me. Who are they . Our crack producers. We have a new ceo at comcast. Mike cavanaugh, and carlisle which is interesting to note. Mr. Cavanaugh did not seem to spend a great of time at cavanaugh, he will take over as the ceo of comcast in early summer. At jpmorgan also he chief or cochief operateing officer and copresident. Not kissing up, but i loved him at jpmorgan. Very well thought of. Hes just considered to be a very good businessman, so his departure certainly caused quite a stir. And ive not spoken carlisle. Again youre dealing with the same problem. Of course if you recall stepping down as the cfo of comcast comcast, as soon a ....