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You see behind us, it is cooled off a bit. The dow is down about 15 points. But keep in mind, folks, we have seen huge moves in stocks, bonds and the dollar. Just since the election. And watch out for oil. Crude oil hitting a new threemonth low. Well have more on what is driving oil prices down straight ahead. Tyler . Thank you very much, brian. Tyler mathisen here. Here is what else is happening at this hour. Strong after shocks continue to rock new zealand following sundays 7. 8 magnitude earthquake. U. P. S. , air maintenance workers, voting to strike as contract negotiations stall. And the Transportation Department is setting new rules requiring electric and hybrid cars to emit sounds by 2018. So they cant sneak up on you anymore. We got a busy two hours ahead and we kick it off with the market, the dow, as brian mentioned, briefly hitting a record high at the open. It has since pulled back a bit. Despite the pullba ....
By keeping Interest Rates down the Federal Reserve, along with other Central Banks, made all sorts of stocks more compelling than they should be. So for those folks that means the oxygen will get sucked out of the casino and we will all suffocate in our stocks. I get this argument. Look, if youve been buying dividend stocks, Getting Better yield than you might find on the bond market then you are indeed losing your principle prop here in the tail wind. Tail wind that allowed the stocks to generate excellent perform thence with bonds offering stingy returns dividend stocks became very attractive. Not going away yet. And thats not the only problem we will be losing. With rates low, companies can borrow plan to buy back huge amounts of stock. They buy their own stock b ....
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 ....
Time to buy. The action begins right now. Lets get right to it. If you thought it was bad for retail this week, the real test comes next week. Thats because big box names will report. Dan, whats your take . Listen, this is the main event. We saw all these Department Stores, apparel guys, and for the most part the small market caps relative to next week. To me, i actually think you have the potential to see outliers here. A lot of the space has actually sold off in same p think. Weve been talking about it on the show, the srt, s p. I think it got as low as 41 today. Thats a big move in a couple of weeks. When you think about the events next week, some of the bad news may be in the stock. But i think obviously this is an options program, well talk about ways to define your risk and play what may be a continuation of the trend. And mike, arguably some of these names were from the beginning thought to be the stronger of the retail g ....
With dom chu and the steel horse he rides. Dom . Good, bad and the ugly. I feel like watching fistful of dollars and hang them high and also looking at dog in the photo as well but lets talk about the good, the bad and the ugly right now because in todays trade weve seen a little bit of all of that stuff playing out. On the good side of things, weve got transportation stocks. Havent been doing great as of late, but they are moving higher and as of just a few minutes ago 19 out of 20 members of the dow transport index all in the green, perhaps a good sign for those of you looking for positive signs and on the bad side of things, Consumer Staples, bad on a relative basis because they are still positive on the year, they have been and some. Stocks have been making record highs, some of the Consumer Product names so Consum ....