Good afternoon. Im Tyler Mathisen right now you can see the industrials up around maybe a tenth of a percent very small moves for the s p, nasdaq and the russell as well today. Utilities in health care, they are leading the way. Energy lagging today good day for semistocks, amd, applied materials. They are among the s ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector youve got macys, coal, lbrands and nike among the s ps worst performers. Caterpillar is up there so far this year. A great year for stocks. Unfortunately for investors, that is not normal, its not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in 2018. Hi, bob. The question is reversal to the mean they say 2017 cant happen again, but why not many traders say we cant have 20 returns in the s p because its just not normal look at the average. Its about 8 since world wa
First up to a story we are watching right now. The irs rate of reach. It is getting much bigger than we realized. We are now learning of an additional 220,000 possible victims and the total number of taxpayers to 334,000. Lets go to washington dc and Bloomberg News reported jordan roberts. What can you tell us about this new breach . It seems to be more focused. Jordan before and thing to remember is that while we are not talking huge numbers, 300, people at this point, there were highly targeted attacks and and the reason they were able to get that was because he knew about them anyway. They believed they could get a big refund from them if they committed tax refund fraud. Matt this is not a case of them going through each person will account. They have reached the irs system at large. But what they were doing is they came in over the a lot of information about their potential victims. Social security number, date of birth, things like that. They identify individuals who were High Net
There is all on very light futures. Oil stocks have been trading in nearly the same direction every day for the past month. Asia overnight. Were not being big moves. A fallout for that massive explosion in china continuing. Shanghai was up 0. 75 . We have some news to tell but. I cant believe this is real. Apple planning a big announcement in september. But the big question is whether we can expect more than an iphone in maces. The new speculation this time is about a car. I know weve talked about it before. But this is totally different now. The Guardian Newspaper reporting the company is building a selfdriving car. Its looking for locations to test it. The report says apple is further along than many suspected. If you read through the story, its real. Assuming the reporting is right, they talk about the location of where the offices are, the garages, all of the things that they tested and built out, the people that called on the record. Theres a guy on the record from one of these tr
York times article that describes amazon as a bruising place to work. Liberty buying zulily in a deal valued at 2. 4 billion. And tesla is down. First up, the markets are coming off of a volatile week. Oil sliding below 42. Data showing japans economy contracted in the Second Quarter. Another setback for abae. Look consumption down almost a full point quarter on quarter. Is there qe really work . Their stock market loves it. They dont have growth. This is a demographic issue. Japan doesnt have the demographics we have. We have tremendous growth jer us the versus japan and china. Chinas stock market dedoubled from the economy. Our stock market controlled maybe by the fed. Europe controlled by the low rates of interest on bonds. So people are searching for markets that are natural and organic and not on steroids. It occurred to me this morning, theres japan. Theres china, the discussion from last week. Were waiting for the bund and the stock bailout. The world is a tough room if youre ex
The irs data breach. It is getting much bigger than we realized. We are now learning of an additional 220,000 possible victims and the total number of taxpayers to 334,000. Lets go to washington dc and Bloomberg News reported jordan roberts. What can you tell us about this new breach . It seems to be more focused. Jordan before and thing to remember is that while we are not talking huge numbers, 300, 400,000 people at this point, there were highly targeted attacks and and the reason they were able to get that was because they knew about them anyway. They believed they could get a big refund from them if they committed tax refund fraud. Matt this is not a case of them going through each person will account. Individual account. They have reached the irs system at large. Jordan but what they were doing is they came in over the a lot of information about their potential victims. Social security number, date of birth, things like that. They identify individuals who were High Net Worth indiv