That does not appear to be the case. The dow and nasdaq each touching intraday records. The upward momentum has resumed. Financials are a big part of the rally today. Is a big, big move for the it financial index stop seems to be a lot about what is going on. You mentioned jpmorgan even before the headline coming out. J. P. Morgan shares up by 2 . Regional banks doing well today. Take a look at the treasury market because that appears to be what is driving this rally in the financials today. Not take much. Even a marginal move in the treasury market appears to be. Aving an outside reaction only two basis points higher today. Yields havereasury been moving sadly hire all week, fueling some of the gains in the financials. E Company Specific news alibaba shares at a record today. 45 tompany predicted 49 Revenue Growth in the year ending march. Pulling yahoo , along with it. Nordstrom making big headlines,he family that owns nordstrom or one of the majority owners is considering taking pri
Down. Goldman says we may be stuck in this range for awhile. Lets start markets and fed today, jim, a lot of discussion about whether it would be a good idea for yellen to say lets have a presser in july on the off chance we move. We might be able to explain it better. I think that would be terrific. I think yellen has been the person who has been the least yelling. She doesnt yell. She is considered. When you have someone considered as she is. She is looking at the data. A lot of people criticize the fed. Im not going to. She is trying to arrive at the right thing. Imagine if you tighten it and they got the 38,000 number. They dont know what theyre doing. The evidence shows they do. The endless criticism of all Federal Reserves and all of Central Banks around the world bothers me. I dont think im a fan because he had to reverse rate hikes. I dont know what japan is doing. They seem erratic but im not a critic of the fed. I think the fed is trying it do it right. I think yellen will do
Look to portugal, tenyear rocketed to 4 , was 358 friday as the european indexes there are firmly in the red. Road map begins with the sell off on the globe; jobless claims fall from a week ago, and european worries drag down equities in the u. S. Family dollar profits fall for the third time as Carl Quintanilla icahn continues to push for the sale of the company. Costco, sales flat in premarket despite same store sale numbers strong. Allergan fights back after the bid to take it over. Well hear from the ceo. Third time the charm for bank of america . Reportedly submitting another capital plan to the fed to raise its dividend. First up, though, look at the premarket once again. A number of things working against the bulls today. China exports did miss for june, 7. 2 , looked for above 10. Fed minutes yesterday show us that the tapers probably going to end in object. Portugal worries about banks. Gaza Ground Invasion looms still, and industrial output from france and italy, worst misses
When a company has been around for 122 years, it’s easy for outsiders to think they know all there is to know about the organization. But if you think you know Wasserstrom, think again. Over the course of the company’s history, there have been only two constants: change and the Wasserstrom family. And the former would not happen without the constant prodding from the latter.
Last month, golf fans around the world found themselves glued to their television screens or personal devices, soaking up the majestic beauty of the Masters Tournament, which takes place in Augusta, Ga.