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Good to be back with you. You did mention very important piece, which is davids piece and hes a friend of the show. Talking last night i was reading it and thinking can we really go higher he has a piece that says we will blast higher that will be something that i think a lot of people would be suspect, little critical of because were going right into the election he doesnt seem to mind that davids work is high quality and i just really think that he is just saying, it is time. And wouldnt that be something if we have a big, big move here. Its fascinating. He does say, jim, as you point out, the election does remain a risk but 3,600 year end and 3,800 in 12 months is a 6 gain and earnings estimate, jim, for next year 170. I mean, i remember when they thought 150 might be a risk. I just have to tell you, i wish everyone could get goldmans research i was fortunate enough to get that piece because it is a very logical piece because how there are many parts of the economy that are good. Th ....
Right now cnn stories this hour on opposite coasts of the United States of america and Los Angeles Police are Making Scores of arrests as they swept through and antifa the war in camp man in the heart of uclas campus. Im taking tapper washington. Youre watching sports, Cnn Special Live Coverage and im Kaitlyn Collins in new york mark where in minutes Donald TrumpsHush Money Trial is going to resume. My weeks ago, we saw the former president of the United States walking back into court where he has no choice but to sit and listen tw ....
We will discuss. Katie welcome to bloomberg markets. Markets there is some green on the screen behind it. The s p 500 up to the tune of about 3 10 of 1 if that holds that will snap a threeday losing streak so do not hold your breath. Its the same thing if you look at the nasdaq 100. A little bit more tenuous their prating we are just about unchanged when comes to the nasdaq 100. Big tech under a little bit of pressure. Breathing a sigh of relief in the bond market you can see yields are falling right now currently the 10 year yield lower by three basis points compared to recent history that is quite a highyield yield we are looking at. Lets turn and talk about boeing. Their Safety Record under the microsoft dust microscope today. Two congressional hearings with lawmakers set to question Safety Experts and a whistleblower. The global head of aviation joins us now. Set the scene ....
Bit. This is what happened here. The 2year treasury yield topping 5 after fed chair jay powell made his first comment after the hotter than expected data. We said its moving sustainably toward 2 before proemtsly easing policy. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Powell echoed recent statements by other fed officials indicating the current policy level will likely stay in place until inflation gets closer to its target. And so effectively, andrew, hes saying the data has been coming in increasingly hot. Weve been trending toward it. Now the question for the markets is will we have to establish a new trend and is the bar even higher to start cutting rates. Weve seen banks push out in september, which is 68 at this point. Some have said maybe none in 2024. Maybe its 2025. Can you believe were at 7 . Thats always crazy. I dont think the street should have ever been at 7 or ....
What youre seeing is seventy some of the examinee percent of wisconsin resonates get their water from the well either its a city well that pulls it up and cleans it or their own home wells so when those wells because we keep having to dig deeper and deeper and deeper the more water we take a groundwater they eventually start hitting all of these rockets or radium is there naturally a great radioactive as it goes through it falls in the water and you cant use that water so more and more cities like walkinshaw which i said went on this very long. Track just to get approval for this water when more and more Companies Like foxconn come in and scott walkers going to keep making these deals eventually there isnt going to be enough water for everybody and youre not going to be able to pull more water out of the well out of out of wells eventually its going to be into the watershed and everybody is going to hit their caps and i tell you t ....