Retailers hoping more will part with their cash. Share prices in europe, starting the week downbeat, not catching the retail wave. Well be getting the inside track on big tobacco with the big boss of Philip Morris in the uk. Their brands include marlboro lights, parliament and dupont, but with the switch to e cigarettes gathering pace can they ever really replace the huge profits from traditional cigarettes and tobacco . Today is cyber monday, last week was black friday. Are you fed up of all these dedicated shopping days . The dedicated shopping days . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. As the clock ticks down on britians departure from the european union, the government is keen to reshape the worlds fifth biggest economy. And to do that its launching a new industrial strategy as part of Prime Minister theresa mays pledge to, as she put it build a britain fit for the future. It will focus on five major sectors of the economy the government
Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch kwoh of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here [ buy, buy, buy ] and a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] from the fed on wednesday saying it is time to raise rates. What are the terrific six . Not the tirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy wh
Declined 1. 3 , nasdaq up. 4 . Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch house of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here buy, buy, buyand a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] it is time to raise rates. What are the terrific six . Not the thirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy which i
Bull market mode where i would be a buyer right here buy, buy, buyand a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] from the fed on wednesday saying it is time to raise rates. What are the terrific six . Not the thirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy which i pay courtesy of any new orleansbased daughter. Maybe they turned the lights off or its cheaper. The bills are smaller than any new jersey residents. I dont like to reach for yield. Im not willing to take risk to get extra percent or two. The risk isnt worth it. For you tail ti i want Something Like a bond and growth. Treasury bonds. I feelle the utilities will go into the feds key meeting own wednesday with two full a head of steam. You
We were supposed to be in a panic selloff mode, right . The market plummeting instantly and the fed slowed down the bond buying . So many allegedly intelligent people have been yelling this from the rooftops for years and ive accepted it as conventional wisdom. Why did stocks rally beautifully on the news that the fed is starting to cut back on all of that bond buying . The dow soaring, and the nasdaq jumping 1. 15 , simple. The fed knew what it was doing. Because ben bernanke knows what hes doing. Because in this one case, the one rare case we have a part of the government smarter than the people who trade stocks and bonds for a living. We might have to endure endless attacks from ben bernanke and the president and the policies that hurt growth. We can digest the endless slagging of this outgoing fed chief for creating balloons and the disciplines that so many ideologues dogmatically think are right. However, in the end, though, and today is the end, the last meeting of the ben bernan