Little bit as we work our way through the middle of the trading week. The bond market, call mark, for the second time in a week calmer for the second time in a week. The 10 year, down four basis points. Lisa has been talking about this for a while. Are we here for the right reasons or the wrong reasons . The most bullish fms since january of 2022, the biggest jump in Global Growth optimism since may of 2020 at a record jump in allocation to commodities. Jonathan the fund manager survey has the headline fully bully. The most overweight commodities going back, a record jump. This is the set up to yesterday and the day before, jay powell coming out and saying its been a little bit disappointing for us, we might have to wait a bit longer in the reason why people are seeing the potential for pullback, we are not fundamentally shaking the confidence. Jonathan the quote for me yesterday did not come from jay powell. It came from the vice chair, philip jefferson. I will share it with you now,
Jumping. Wait until you see whats happening on the ground in iowa. Meanwhile, though we begin with the markets and those 1 gains or thereabouts. Lets get the trading action. Bob is live at the new york stock exchange, Bertha Coombs following the movers at nasdaq. Bob, you go first. Another big story on the floor today is avon. Whats going on with that one . We just had a wild morning here. This post was filled with almost 100 traders. They have halted three times on whats called a volatility halt. That is for unusual trading action. Apparently there was an erroneous and false report that they may have had a takeover offer. Now, were trying to sort all of this out. Again, it appears that it was erroneous and false but the important thing is that three times the stock was halted. The company did not make a clear statement down here so absent that, it couldnt be halted because the company had a statement to make. It could only be halted because we had circumstance breakers kick in as a re
Pickard. In san francisco, cory johnson. He has been digging deep into the filing. Also, gordon chang. Before we get started, i want to take a closer look at alibabas is this by the numbers. Business by the numbers. Leslie pickard is here with the details on my po. You have gone through the whole filing. What is different about this . Is a massive company. They talk about their ecosystem, maintaining their culture. Carehave taken a lot of and time to put this perspective together. They are trying to exemplify what this company is for american investors who do not use ali baba. They have taken a lot of care to lay out what their business is, how they monetize, and how they make money. Much are not sure how theyre going to raise. They have a billiondollar placeholder for now. Correct. The placeholders dont necessarily mean anything. Theyre just used for placeholder purposes. Market value right now, my estimate, it is at 168 billion. We are told by sources it should come out around that r
I am convinced of that. Welcome to our viewers all around the world and in the United States. It is thursday, april 23rd. The virus is the virus. Thats what dr. Fauci and sanjay gupta tells us. Coronavirus kills. Thats what the numbers tragically tell us. Factbased Public Health saves lives. Thats what history tells us. Politics doesnt change this. Politics cant change this. But there is new reporting this morning that the president is trying. The doctor in charge of the federal governments search for a vaccine says he was forced out of his job for questioning the use of hydroxychloroquine. That was the drug that the president has been hyping for weeks. Dr. Rick wright claims hes a victim of political retaliation and hes filing a whistleblower complaint. He says science, not politics or cronyism, has to lead the way. Now when asked about it, President Trump insisted he doesnt know who dr. Bright is. Were going to speak to his former boss in a moment who says she owes it to the country
Shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) rose 0.2% during mid-day trading on Tuesday . The company traded as high as $26.63 and last traded at $26.62. Approximately 105,745 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 220,320 shares. The stock […]