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Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower ....
Good evening i am jon scott and this is the fox report. The mayor of el paso, texas think resources are strained as his city continues to be overwhelmed. Migrants per day are crossing into el paso. A new spike coming from venezuela is that country remains rattled by crime and severely unstable economy. President biden facing fresh scrutiny for his Border Policies just this past week he approved work permits and deportation protections for nearly 500,000 venezuelan migrants. Fox dues Team Coverage david spunt has the latest from the White House Former acting dhs secretary chad wolf is standing by with his analysis and Griff Jenkins is on the ground in the border. Lets begin with griff in eagle pass, texas. Good evening jon. It is indeed a never ending stream of mi ....
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimist ....
To be spared. Many children have died. The flu season still has not peaked. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti, and this is bloomberg. Emily i am emily chang and this is Bloomberg Technology. U. S. Stocks smash records across the board to close the week with tech shares at the charge. We have the latest. Plus, michael dalloways options with an ipo on the table. White the man with the largest leveraged buyout in tech history is reconsidering the companys future. And the rising uncertainty over facebooks new feed, pivot. Zuckerbergsal for new fixed and the potential impact on on ad revenue and digital publishing. U. S. Stocks hitting a new alltime high. The market is once again rallying on strong Earnings Results with tech shares leading the way. Helped pushformance the market higher, the s ....
Doctors and clinics last week symptoms, the highest level since the swine flu pandemic in 2009. In new york, i am mark crumpton. Bloomberg technology is next. Emily this is bloomberg technology. Roaring intoter 2018, markets are in for their worst week in two years. We will bring down break down the catalysts, including apples entry into a bear market. The cryptocurrency conundrum. Is bitcoin and bubble territory . Will attract the highest and lows as prices change across the board. Opening arguments beginning for monday as uber goes to war. The trade secrets shaking up silicon valley. A massive selloff in stocks. The average is sinking and fridays session in fridays session. Into this year, u. S. Stocks close at its worst week in two years due to rising investor concerns aboutweak corporate earnings. I want to bring in abigail doolittle. What is happening . What is the force behind todays selloff . Was an extraordinary day for u. S. Stocks. Down about 1 . After fluctuating a little bi ....