Live Breaking News & Updates on Materials Companies|Page 10
Stay updated with breaking news from Materials companies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
No place else to get yields, everybody keeps turning to equity markets and there is no place to have the solidity or safety of equity markets the us has so the market of choice spirals ever higher. Charles here is the thing i find interesting, a lot being made of institutional money coming out of the market, tons of individual investor money coming out of the market. I dont see a lot of exuberance we are being led by utility stocks. The narrative that this is just unfortunate and Goldman Sachs to be 60 instead of 160 is why investors missed this rally. Doesnt feel like an irrational exuberance, like a safe haven. We are steering the ship of our economy and it is able to be steered. Again, we do have this eight year ongoing thing that there is no place to get yields other than the equity markets so money keeps coming added and anytime it is about to die out there is a new reason to be here. Charles last night smuckers raised their d ....
The fx trade is if they come to 20 basis points to you by resell the end the yen . Alix a great show, with richard clarida, coming up later in the program. Jonathan a positive turn to the market after negative and last week. Futures are positive up about nine points,. 4 . In europe a rally on a stronger footing, the ftse up by 1. 4 in the dax up by a. 8 . Events onsk wednesday, if the decision in the boj decision, just hours apart. In todays session, a softer bloomberg dollar index, the dollaryen just coming down a little bit. Wti withonger footing, a 43 handle. And merrillica lynch thing theres Downside Risk that the targets get back in the 60s by the end of the year and a supply pop could be around the corner. Theres been a steeper yield curve, we debate that throughout the program. Today, the long and rally and 30 year treasury around about basis bigt to 2. 4 percent at of a week. Alix lets check in for indepth coverage on all t ....
For a market holiday. The hang seng up by a third of a percentage point. The shanghai up bay hay a half percent. The kospi up. In europe, in early trading. Green arrows there. Much bigger adavans than here. This is playing catch up and then some. The dax up 1. 9 . The cac up by 1. 8 . The ftse up 1 . Crude oil having its best day in two weeks yesterday. It was up nearly 3 at 45. 34. This morning up 1 to 45. 79. Big question around whether opec can pull anything off with this meeting they have next week or whether this is nor jawboning. Well continue to watch this. Lets get you through some big top stories. Weekly jobless claims come out at 8 30 eastern time. Filings are expected to hold steady at 260,000. Then at 10 00 a. M. , august existing home sales which are forecast to have risen more than 1 . Yahoo reportedly expected to confirm a massive data breach exposing millions of User Accounts. Re code saying the breach was widesprea ....
The bidders. Disney is said to be working with an advisor on a potential bid or twitter according to people familiar with it. Disney has 5 billion in cash. Heard paul sweeney talking about the strength of its balance sheet. , as we, salesforce. Com have been talking about, in potential bidding for the company as well. Twitter has been lower today, downgraded by oppenheimer, asking questions about the price that twitter could fetch in a deal. Seeing shares move higher at the moment. Disney, on the flip side, is moving lower. Seeing shares movea little legr on the session with the broader markets, down 1. 6 . We will bring you much more on these headlines in this potential deal. In the meantime, we are seeing a sellout today, stocks hovering around the lows of the session. We had a selloff in european banks that spread to the u. S. We also have concerns about Global Growth persisting. Generally a risk off by us to the markets today. ....
Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching t ....