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Wednesday. Closing the day up by 123 points still on track for major indices to see the third week in a row looking at dow futures s p 500 down by 10, nasdaq down by 25. What happened . Stocks took a dive it was more a product of the percentages were going up for powell to have another cut all but factored in. Bad news has become good news. Good news has become good news if you look at the december percentage cut, it doubled 30 to 60 . October, yes december, yes. Sort of. The market took that as a positive well see what happens today the jobs report is the all important one that hits in 2. 5 hours time. Looking at what happened overnight in asia. The nikkei ended up by about a third a percentage point the hang seng is up just over 1 you are looking at a mixed picture. Not Much Movement for the dax or the ftse a little weakness in italy and spain. Looking at treasury yields coming under pressure on this data in terms of the ism manu ....
kayleigh mcenany and he s due back in court wednesday and not entering a plea and authorized retention of national defense and the willful retention of classified documents and 102nd and granted in access and higher level security clearance and new details if the airman semperred government computers. the classified and sensitive information. what general will lose their job? there s only one way to look at this and bipartisan condemnation for what this young man did. they can expose sources and methods of how we spy the incompetence is stunning and it s a massive catastrophic o could your honor please that should have never have happened. one thing with the pentagon briefing and general pat writer and there s procedures and rules and processes in place. take a listen. we are safeguarding classified and in place for each of us signing a non-disclosure agreement and they have a security clearance. look, again, we have proc proces with to belabor the point and s ....
The economy seemed to dominae the speech but he also discussed threats to National Security including north korea and said that he in fact might be keeping open guantanamo bay. The state of our union is strong because our people are strong. In his first state of the Union AddressPresident Trump focused on the economy and his signature legislative victory tax reform. This in fact is our new american moment. There has never been a better time to start living the american dream. The white house promised an uplifting unifying speech from President Trump. O cf1 o i call upon all of us to set aside our differences and to seek out Common Ground and to summon the unity we need to deliver for the people. Some on the ....
Good morning and a very warm welcome to Worldwide Exchange. Lets get straight to the Global Markets the this morning futures pointing higher as you can see behind me. This nothing too significant at this hour, but a nice jump for the dow there. 40 points or so. Only a point or so of gains for the s p 500 and the nasdaq it comes off a day of gains, but very, very slight indeed for the dow and the s p. The nasdaq led the charge, but it itself was only. 3 higher or so tenyear treasury note for you that has seen yields continue to slip over past the past day or so were up again a little bit today. Yesterday we hit lows of 2. 31 on the ten year. Asian equities, well have a live report from seoul on what President Trumps visit there is doing, but today, were seeing a rally and things like the nikkei, because of a stronger ....
And nasdaq at record highs as well. Financial itself, health care the best performing sectors. So which stocks back at record highs . And trump focusing on his progrowth agenda. Is this the trump rally restart . And if so, where do you put fresh main i money to work here and now. . I dont think it ever left. The market has been rallying for eight years. We can argue for why it hams. Where do you put fresh money to work . Thats the question. My answer is the following. Financials have been horrible for a month, monthandahalf and i have been wrong. But xlf against 23 is worth riskreward on the long side. Ibb very quietly had a big day above 290 again. Biotech has an ability to break out. I think your point is well taken. Steve, if the rally had stalled, taken a breather, taken a pause, over you want to characterize it, especially buying into the close has people asking, is the rally about to restart . I do think the rally is about restart. Today we have the first day of the month. I thin ....