Disaster. How do you prep your portfolio . We have folks to help with you that. Can nvidia pick up this market . Throughout the hour were examining selfdestruction and creative destruction. We know a lot about the latter term but what is the role of self destruction in all of that. The role of the on nip poe tent Federal Reserve which is too powerful and Impotent Congress wont do its job. Social security, happy 88th, here is the thing, the gift you may be receiving, 17,500dollar pay cut. Thats right, a cut in Social Security. This truth never shows up on wall street spreadsheets but it is real life for far too many americans. All that and much more on making money. Charles outside of retail, we have wrapped up earning, right . All these Financial Reports are in. Also weve seen the nations credit rating. That has got a downgrade. Were watching all the cold war salvos between washington and beijing. That is intensifying. It recalls paradoxical firm coined by joseph shumpeter, you know it
Where did the time go . We recap the last decade. This is daybreak asia, live from u. S. And asian headquarters. Betty i am betty liu in new york, it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. When itte dance we see comes to communications. We saw a little choreography over many different reasons. You have yellen, mark carney, the bank of canada, all signaling rate hikes are coming. Take a look at market moves on my bloomberg terminal. Doing damage control after the many taper tantrum tuesday. Markets not buying it. On the move, but not recovering the strike in yields. The euro taking a dip. We have the pound and the loony surging. Betty global tightening is just around the corner. Not more than three months ago we were talking about, what about the reflation trade . It seems it is losing momentum. Here we are, all sparked by these comments from the Central Banks. When will theis, markets be convinced and how long will that last . Yv
Point. And that and i dont want im not going to call it, but mr. Mccain was expected yes and johnson was an unknown, sounds like he just voted aye. The democrats are going to vote no, but that should be i know were in closing bell right now. Well stay with this for a few minutes. John harwood and sara fagen still with us, i believe are you there . They have the votes. The ayes do have it, and as i said in my little hot mike moment there in a long conversation like that with Mitch Mcconnell, it sounds to me like ron johnson wanted to vent a little bit at some of his frustrations with Mitch Mcconnell but not so much that he was going to walk away and vote no so hes voted aye to proceed which means this Health Debate is going to happen and what weve got is a some attempt to rewrite the Senate Health bill which had been stalled for lack of support. If that fails, they are ultimately going to try to get to this bare bones repeal which would be a vehicle to get to conference with the house,
Thank greg hayes and his team at United Technologies, Bob Mcdonough and the team at carrier. Thank you for renewing your commitment to indiana and renewing your commitment to the people of the United States of america. [applause] i also just want to thank the great carrier team here in indianapolis and in the state of indiana. Your hard work, your resilience, your work ethic even in disappointing times, i know for a fact gave this company the confidence to double down on the future of this company and the future of the people of this state, and so i thank you, the carrier team, for giving them the confidence to do just that. [applause] but lastly, on behalf of all the people of indiana, allow me to thank the man we wouldnt be here without for his efforts, for picking up the phone, for keeping his word. His efforts to bring us to this day of renewed hope and promise not just here in indiana, but really for people that know the strength of this country comes in our ability to make things
We are halfway into the trading day. Lets head to the markets desk were julie hyman has the latest. Julie after the big selloff on friday, its interesting to see a bounce back. It did not happen in european trading, but it has been gaining steam since the open with the nasdaq consistently leading and now up 8 10 of 1 . On friday, we broke that range bound street that the s p 500 had been on for a couple of months. The vix had been very low for quite some time. Volatility spiked, although it is coming back down today. Btv 3447. At g this looks at a measure of the ranges we have seen. This is the s p 500 with the 50 day moving average. And below the moving average on friday. This is despite of a little bit of a pop today. This is the streak that we saw with this range bound street for the s p 500 again below it on friday. Even though we are seeing a bounce, we are still not above the bounds of that range as of yet. Couple individual stocks to watch today samsung fell in asian trading dow