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75. 62. 5 basis points is where we are in terms of rates right now. You can see where we are in the markets, which did sell off after Janet Yellens decision or the fed decision and the european markets, up across the board. I always do like to see spain and italy, thank you very much, control room, for throwing those in there. Tenyear note yield the key here. We eclipsed 2. 5 yesterday after the fed meeting. Where do we stand now . 2. 587. Crude oil is down on the morning over almost 2 . Our road map this morning starts with the step back in the rally. Stocks slipping after the fed raised rates for the first time this year. Plus more on trumps meeting with big tech, the fallout and the upsides from mega caps in silicon valley. And yahoo discloses a new data breach affecting 1 billion accounts does it put their deal with verizon in jeopardy. Lets start with the fed raising Interest ....
Can we clap for her . Great to be here, thank you. The answer to the question is yes, financials continue to lead. Im not going to submit ive been some raging bull on financials. I will say this. People say theyve run too far, too fast. If you look at a chart, maybe. What people arent looking at is the fact that in 2007, a lot of these financials were trading over two times book. I dont think were getting there for you. But at 1. 7, 1. 8 times book, for example goldman sachs, which is currently 1. 3, just to it there, 1. 8, consider a 300 stock, which is probably another 15, 20 higher than we are right now. Can they continue to go higher . I submit they can. If the economy improves, cant the book get better too . They could have a better loan portfolio. Their tax situation could be better. A lot of things could get better. Not so much the repatriation, thats not so important for them, its like a onetime thing. America doesnt even have that much exposure. But a stronger book and higher ....
Leapfr leapfrog. Whats leapfrog . Its when a particular companys stock moves up. It causes other stocks to be revalued higher, almost instantly. How does it happen . Lets start playing. Take the actions in the airline the reason we had gary kelly the perfect ceo thug, he had solid things to say about novembers bookings. The name of the traffic pickled up week after week after week postelection. That was news today and the stock quickly moved up smartly. Now we get to the valuation part t. Priced earnings multiple. Remember stocks dont trade on absolute basis, they trade on a relative basis. Nobody cares that southwest is a 50 stock. We dont think its twice as expensive as a 25 stock or half as expensive as a 100 stock, thats nonsense. What matters is the earnings per shares, what we are willing to pay for them. It often symbolizes. When gary came on this show, southwest was swell selling 13 times next years earnings estimates and they are wildly regarded as the best capitalization in a ....
Back to work from a long thanksgiving break. Is it safe to still be eating turkey 11 days after thanksgiving . [ laughter ] a lot of things happened to me over the last two weeks. I got a tummy tuck, they still give those. I had my eyes done. And i think they look great, right . I also went to drybar, i got an updo, i had my whole body done. I read online in february ill be hosting the oscars. [ cheers and applause ] jimmy very nice. Thanks for the music. You know, the producers and the academy went through a long list of names and they decided that since im already right across the street from where they do the show, i was the closest person to host. [ laughter ] so i guess i have to get a tux now . Or maybe ill wear jean shorts, has anyone done that . We have to shake thins up a little. Im going to need you to help me with this. Guillermo sure, jimmy. Jimmy marijuana will be legal for Recreational Use in february, i wonder may ....
Thanksgiving break. Is it safe to still be eating turkey 11 days after thanksgiving . [ laughter ] a lot of things happened to me over the last two weeks. I got a tummy tuck, they still give those. I had my eyes done. And i think they look great, right . I also went to drybar, i got an updo, i had my whole body done. I read online in february ill be hosting the oscars. [ cheers and applause ] jimmy very nice. Thanks for the music. You know, the producers and the academy went through a long list of names and they decided that since im already right across the street from where they do the show, i was the closest person to host. [ laughter ] so i guess i have to get a tux now . Or maybe ill wear jean shorts, has anyone done that . We have to shake thins up a little. Im going to need you to help me with this. Guillermo sure, jimmy. Jimmy marijuana will be legal for Recreational Use in february, i wonder maybe you can pass some of t ....