Thatwould be julie would be one of the many superlatives we have had. The s p 500 earlier touched 2600 and it is nearly at that level. What is curious and interesting is that once again, these gains are coming on no particular catalyst. We have a holiday shortened trading week. We have got this big surge in stocks, technology in particular doing well. This is evidenced by the upsurge in the nasdaq. We also have some earnings reports to chew on. We have got two food related earnings, going in decidedly opposite directions. Hormel foods out with sales that beat analyst estimates, but on the flipside is campbell soup, a decline of more than 7 , the most in a single day in nine years. A cut their annual profit forecast. It is hurt by an ongoing dispute with walmart. Basically, walmart is saying it has been cutting its inventory of campbells. That is taking a toll on the company. I mentioned Technology Shares doing well today. We have some analysts and other types of commentary. Marvell Tec
With breakingt news that cost the terminal, President Trump spoke via telephone with the Vladimir Putin, what is the latest . Oliver Vladimir Putin just met with the president of syria, so that is what he has on his mind when he wanted to talk about. They wanted to talk about how to get a diplomatic solution to the ongoing war in syria with mass casualties. Obviously, president putin is in line with the president of syria. President trump fired missiles into syria as he does not like what theyre doing, but they are hoping their relationship can read to some kind of diplomatic option. They also talked about ukraine, iran and afghanistan, according to the white house, but that is the top topic they were focused on. Andry president putin President Trump in the sidelines of that summit in vienna. Lets turn to that at t and time warner deal. It is pretty rare when it does not involve direct competitors, why are we seeing this now . If you ask critics, they will tell you they believe that in
You do most of your shopping, a lot of people have moved online, maybe they all do replenishment on the target. Com. Azon or they are making fewer trips into a stores when they go into maul or store, they probably preshopd and checked for the price and are going for a certain item, doing less impulse shopping. Spending is really down and competitive right now. Verybody is slashing prices, trying to get customers into the door, trying to compete for that share of wallet. At the same time, have you onlineonly players popping up consumers r attention f. They never reach they will ge scale, never be walmart, they will take little piece of everybodys business to add to this difficult climate retailers in. You are seeing it is problematic retailers and specialty apparel retailers in the maul, maybe they cater to out of hey are going business. We have seen more bankruptcy 2009, so if n in youre a company that sells goods and you have a lot of especially in a lot of ma tiers, not your malls, i
S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have been trying to do for quite some time, now negotiating with iran iraq signaleder they will cut supply. This is dragging right now on oil. The downward action we are seeing in oil, not surprisingly, dragging on the s p 500. Energy is down nearly 1 . We had some of the big e p players down significantly, including marathon oil, anadarko. What could happen with oil, we went to the bloomberg. This is a roughly threeyear chart of oil. We see that downward plunge when oil had crashed before. We also see
S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have been trying to do for quite some time, now negotiating with iran iraq signaleder they will cut supply. This is dragging right now on oil. The downward action we are seeing in oil, not surprisingly, dragging on the s p 500. Energy is down nearly 1 . We had some of the big e p players down significantly, including marathon oil, anadarko. What could happen with oil, we went to the bloomberg. This is a roughly threeyear chart of oil. We see that downward plunge when oil had crashed before. We also see