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Prison reform from president obama includes 5000 taxpayerfunded grant for college for Prison Inmates. And dont create Weapons Systems that think for themselves. Elon musk and others say it is an arms race we dont need. Stocks up oil flat, gas down. Varney company is about to begin. Here we go. Breaking news just crossing the wire now. The case shiller report all about the state of the Real Estate Market. Measuring home price movements. Ashley here we go. Ashley i do. Up from april, 1. 3 . So, okay not great, but okay. On an Annualized Base sus up 4. 9 . And coming in under estimates, but it could have been worse. And its frustratingly slow which weve seen in the market. Year on year in the 20 cities the prices went up 4. 9. Ashley 4. 9 its okay. Stuart right. ....
With earnings from oil majors amazon, alphabet futures are a little bit positive. Europe a slight loss at the moment. Tenyear close to fivemonth highs we got yesterday. Road map begins with amazon shares falling after that miss. Big spending abroad cutting into bottom line, one bright spot is aws. Googles parent alphabet sees profits rise in mobile and video advertising. Shares poised to open a bit higher this morning. And ge in talks with baker hughes on potential partnership. Baker hughes rising on that news. But first up, amazon falling on quarterly miss amid higher cost increased spending on warehouses, Digital Content and other areas. Holiday guidance also weighing on the stock. Amazon web services up 55 in q3, but were deep in the investment cycle here. Theyve opened 23 warehouses since july. Only three in the first half. Well, i think people have to recognize theyll look at amazons run and theyll say why didnt i participat ....
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no ....
House of commons discusses why he thinks britain should leave the european union. This event is hosted by the Peterson Institute for economics. He talked about balancing low inflation with job growth and the possibility of an Interest Rate hike this summer. The next meeting will be on june 14th. This is an hour and 10 minutes. Good afternoon, ladies and gentlemen. Its my pleasure to welcome you back to the Peterson Institute for international economics. Im adam pos earningsen, the mt. Its an important event to have the honorable Jerome Powell member of the board of governors of the Federal Reserve system to speak to us today. His topic is recent economic developments productive potential it is economy an ....
Oil stable. And tenyear has crept down to 1. 77 1. 77. Futures falling. Earnings painting ableak picture. Greece continues to weigh on the markets too. Seven Dow Companies, p g, pfizer, caterpillar, dupont, 3m microsoft, and united technologies, all seven lower. Nyc largely escapes storm unscathed but Boston New England battered by heavy snow. Well get live updates on Flight Cancellations and travel around the region. A rough morning in store on wall street. Wave of earnings news sending futures tumbling. Dueuponting proctor gamble, pfizer expect the stronger dollar to weigh on full year profits. Caterpillar, a warning for 20157 the ceo on Squawk Box Oil is a piece of our energy and transportation is worth about oil and gas is about a third of that business ....