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Brennan and jon fortt. Markets have been well off the highs. Dow was up 937, trying to hang on to about 400 points on the dow right now. Lets bring in mark mahaney of rbc, david lovevitz of jpmorgan. We knew 2700, 2750 would be a bit of a battleground and its turning out to be exactly that yes, exactly. One of the things thats occurred here over the past couple days really over the course of the past weekend is you finally saw consensus earnings system begin to come down and the narrative that had been in the Market Equities are looking cheap, the question we were always asking was cheap relative to what earnings . When you use the new estimates that are around 145 a share, you know what youre seeing is stocks are looking fairly valued not outright cheap and i think thats a big part of why were seeing things run into resistance at these levels mark, its a great opportunity, davids answer, to ask you how in the world analysts are ....
Point. Scarlett has been talking about selloff we have been seeking in oil. We were down but we are seeing crude dipping about 6 . Scarlet oil prices have been all over the map. Eventshis week, the scheduled to taken place, the Virtual Conference call that is on thursday. Friday, the g20 Energy Ministers meeting, where the u. S. And canada may start to play into the production cuts as well. As you were talking, i just down the up the dow smallest percentage move. It has been a long time since we saw the dow kind of close flat on the day. Pretty telling. Quite an amazing day. We have been talking about this all day, the volatility. No one really knows where anything should be praised. Still with us, we want to bring heinel, state street deputy cio. Lets talk about the earnings season set to kickoff next week, earnings season that people are starting to dismiss already. I ....
We have a Good Opportunity if we enable more people to participate to offer services that can generate revenue. This is supposed to be a Nonprofit Organization, is in the . Im talking about the calibra wallop which will directly impact facebook. Is it going to be a nonprofit . No, calibra is a forprofit entity and the entity that will dold the wallet that will be offered to facebook consumers. Is Digital Currency illegal in some parts of the world quick skinny touch on that . Gets congressman there are an number of countries that prohibit buying selling or using Digital Currencies. I also want to mention privacy violation concerns things that americans have been concerned with. The american consumer, do they trust facebook and do they feel comfortabl ....
[inaudible conversations] good morning now the executive session is complete data reaches not a new issue weve been focused on the consumer that was before i was elected to the senate. The breach is what many would consider to be the high profile breach with a number of investigations from the federal and state authorities. This was originally created by equifax so in terms of the trajectory the major did reach you could say we could come full circle. Congress paid close attention to the dative breach to strengthen Data Security requirements as well as those to affect companies to notify a the discovery of a breach so in that era with a large scale breach but while larger with consumers equifax is more severe given the sensitive nature. Weve heard from many constituents our concern of the lasting effects and i have heard complaints it is difficult to setet up the credit freeze if monitoring ispr the effective tool. The breach expos ....
We are operating under the phoney baloney idea that come next tuesday the storm clouds will lift. For all the sex talk about predators and weiners. Thats foreplay compared to what we have ahead of us. Lets say donald trump makes up grounds in pennsylvania and colorado. And neither candidate gets to 270. Or we have a split decision that has to go to the supreme court. There is only 8 of them. If Hillary Clinton is elected will donald concede . I will tell you at the time, ill keep you in suspense. Kennedy a hillary victory means various Committee Chairs promised investigation, especially if the newly pruned weiner tree bears fruit. Especially if the 650,000 emails contain classified information or a benghazi standdown order. She and bill have so much in common. It will further split the country at the partisan seams. But shell grease her way out of conviction and live to se ....