Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh
Yesterdays speakers, maryland congressional candidate, kim klacik she is an internet superstar. All that on making money. Charles i think something profound happened to jer role powell during the two weeks when the Federal Reserve hiked rates, december 20th, 2019. It was the ninth Interest Rate hike of 2015 after essentially the fed went for seven years to zero percent. Powell was driven to some event days before christmas and hit a big pothole. As the driver looked to work out the flat tire, he saw a homeless woman panhandling money from complete strangers. He thought about his policies about runaway inflation that had yet to materialize. It was the old Federal Reserve playbook to slowdown the economy, something that hadnt reached the economy. January 4th, powell made comments not mention the plight of the women, he admitted to a epiphany. He changed course in history. I think he changed the course of the Federal Reserve, saying a strong jobs market, rising inflation does not rise con
Before but investors remain bullish. We are on record close watch for the three major averages, as we stand, the nasdaq and s p pretty comfortable. The dow just higher, though, by only 0. 1 . Industrials the only sector in the red. Consumer discretion. Joining us, josh brown from Wealth Management. Well done. What did i say . Im not sure. It was cute. I got close enough. Lets stay on track nasdaq, dow, s p. With almost nothing in the red at all. Its bigger than that 52week highs for the slf. Bank sector. Very, very key incredibly bullish Consumer Sector spydr. Look at the usual suspects, xlk. Off the radar things that are happening thats really interesting. This might be because enough tax law selling has already occurred or traders are anticipating the end of that. Some of those highprofile ipos that blew up this summer and fall are starting to make meaningful moves off their lows, looking like they could be putting in a sustainable bottom. Peloton, after a very disappointing debut. S
In fact, on this trip alone these companies are announcing over 1 billion of us investments including creating Educational Opportunities to over 30 million filipinos. A former boeing employee known for raising concerns about the firms Production Standards has been found dead in the us. John barnett had worked for boeing for 32 years, until his retirement in 2017. In the days before his death, he had been giving evidence in a Whistle Blower Lawsuit against the company. Boeing said it was saddened to hear of mr barnett s passing. The Charleston County coroner confirmed his death to the bbc on monday. It said the 62 year old had died from a self inflicted wound on March The 9th and police were investigating. Battle lines are being drawn over the development of artificial intelligence. Nvidia is the latest company to be drawn into a growing body of litigation with three authors in the us suing the Chip Makerfor using their books to train its Nemo Ai Platform without their permission, accor
Putting them on a path to higher paying jobs. In fact, on this trip alone, these companies are announcing over 1 billion of us investments, including creating Educational Opportunities to over 30 million filipinos. President joe biden has proposed a 7. 3 trillion budget on monday, calling for new social programmes and higher taxes on corporations and the wealthy. The plan offers a stark contrast with Donald Trumps Economic Vision ahead of novembers us president ial election. The bbc s north America Business correspondent Michelle Fleury in new york has more. President biden outlined his Election Year budget pitch. It includes tax breaks forfamilies, Lower Healthca Re costs and higher taxes on the wealthy and corporations, as well as trying to get more money to help ukraine to help defend itself against russia and for aid for israel. If the biden budget became law, it would save 3 trillion through higher taxes over ten years, but it would also push us debt over 100 of gdp. By contrast,