The public disagreement within the Federal Reserve over what it should do next. We have all that and more on the nightly Business Report for friday, october 17th. Good evening, everyone, and welcome. Rarely in recent years has the friday been so welcome on wall street. And this thankfully for the most part was a friday of healing for stocks after a week that laid bare practically every one of the markets vulnerabilities. Today, the Dow Jones Industrial average ended a sixday losing streak, a slide marked by the kind of turbulence that investors had not seen in years. It shot up, pushed by strong earnings, good Economic News and fierce rally overseas in european stocks. All 30 dow blue chips ended in the green, the nasdaq gained 40 s ps, fourth week in a row of losses, the dow fell a percent, the nasdaq down a half percentage point, the s p lost a percent. By the way, for the tenyear treasury it took a Magical Mystery Tour for its own this week before ending with a yield of 2. 2 , where
The public disagreement within the Federal Reserve over what it should do next. We have all that and more on the nightly Business Report for friday, october 17th. Good evening, everyone, and welcome. Rarely in recent years has the friday been so welcome on wall street. And this thankfully for the most part was a friday of healing for stocks after a week that laid bare practically every one of the markets vulnerabilities. Today, the Dow Jones Industrial average ended a sixday losing streak, a slide marked by the kind of turbulence that investors had not seen in years. It shot up, pushed by strong earnings, good Economic News and fierce rally overseas in european stocks. All 30 dow blue chips ended in the green, the nasdaq gained 40 s ps, fourth week in a row of losses, the dow fell a percent, the nasdaq down a half percentage point, the s p lost a percent. By the way, for the tenyear treasury it took a Magical Mystery Tour for its own this week before ending with a yield of 2. 2 , where
The public disagreement within the Federal Reserve over what it should do next. We have all that and more on the nightly Business Report for friday, october 17th. Good evening, everyone, and welcome. Rarely in recent years has the friday been so welcome on wall street. And this thankfully for the most part was a friday of healing for stocks after a week that laid bare practically every one of the markets vulnerabilities. Today, the Dow Jones Industrial average ended a sixday losing streak, a slide marked by the kind of turbulence that investors had not seen in years. It shot up, pushed by strong earnings, good Economic News and fierce rally overseas in european stocks. All 30 dow blue chips ended in the green, the nasdaq gained 40 s ps, fourth week in a row of losses, the dow fell a percent, the nasdaq down a half percentage point, the s p lost a percent. By the way, for the tenyear treasury it took a Magical Mystery Tour for its own this week before ending with a yield of 2. 2 , where
Its even whimsical and it makes you want to grab and remote and dial around and then throw money at it. Of course, it makes you want to avoid old programming and reruns. That is the correct analogy, you could never tell what was going on, dow rising 13 points and nasdaq gaining, i think Nothing Happened today . Ha hardly. Exhibit facebook. One of the most amagz quarters that i seen in my years in the business. People have been betting against it for a year, but facebook is the new king of the cloud. After today you have to watch it. You have to watch facebook. No, no, you have to hold it. It succeeded by offering customers more than 2 billion on the go eyeballs. That is over a billion people, and the customers are lapping it up. Given that facebook does not have to pay for content, you are seeing local businesses and others throwing money at facebook. Like the people that bought the stock today. What a turnabout from last year this time. Give me the clicker i want to like facebook. The
Its cavalier, capricious, even whimsical and it makes you want to grab the clicker and dial around and then throw money at it. Of course, it makes you want to avoid old programming and reruns. That is the correct analogy today, you could never tell what was going on, dow rising 13 points, s p advancing, and nasdaq gaining, you think Nothing Happened today . Hardly. Exhibit facebook. One of the most amazing quarters that ive seen in my years in the business. People have been betting against it for more than a year, but facebook is the new king of mobile, social and the cloud. After today you have to watch it. You have to watch facebook. No, no, you have to own it. It succeeded by offering customers more than 2 billion on the go eyeballs to advertising. That is over a billion people, and the customers are lapping it up. Given that facebook does not have to pay for content, you are seeing local businesses and others throwing money at facebook. Like the people that bought the stock today.