Overnight, though they lost some ground this morning. A lot to watch, china pmi backing expansion, the fed launches a new dollar repo operation. Jim, sounds like youre focused on testing, having talked to abbott last night. Right i think that myles white and now the new ceo recognize this, as they did during the aids epidemic, when you find out who has it, everything changes in this country, we can find out who has it, and doing a serilogical test, finding out from blood of people who have had it maybe a lot more people have had it than we knew. Maybe we can find who has got it, they can be quarantined. Already the carpers people are saying its only going to be med techs and hospitals. Myles and robert told me absolutely, this will devolve into a pregnancy test at home. How quickly, i dont know. Abbott labs is one of them dr. Gottlieb is going you know what ive seen science this is working in forgave earl avor ofd guys megs work with alex gorsky made me feel maybe next year we can go t
You, Procter Gamble Ceo David Taylor will be here to weigh in on what was the best quarterly organic Revenue Growth in years. Joining us now for the hour, though, charlie baa brinskoy from aerial investments. Industrials are an interesting standout today given lowered expectations for u. S. china trade hopes. What is that about low expectations. We had some people report and they were better than peoples fears. We had big companies, the big maker of drilling rigs people were worried about that, they beat, and the stock was up almost 15 Zebra Technologies makes scanners, and that business was better than expected, the stock up 15 . Low expectations, you think, which are easy to beat on earnings, but not on the fed you think maybe only able to cut in the shortterm . Yeah, that is the consensus prediction i happen to agree with it, which is one cut, 25 basis points. I dont think theyll pull a baitandswitch. I think they would not want to mislead the market i think that will happen, but it
Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch
Highest level since last fall which has made the markets a little uneasy. The russell 2000, the biggest loser today. Besides the moving rates, oil and gold is higher. The dollar is higher. United health, not higher. The Government Regarding medicare plan payments and test the following again as delivering numbers missed wall street estimates. This takes us to our talk of that day. The overstock market about to take a bigtime breather. Lets ask our bigtime panel. In greenhouse of alternative asset management. Lauren goodman and christian bitterly. As you see everybody is with me today. Nice to see everybody. I will come to you first. Is today about yields, nervousness about where they may go and that the fed may not cut as soon as we hope . I think its a garden variety pullback. Weve heard day after day that we are rather touching alltime highs or within reach of all time highs, so i dont see anything to read into today, more than geopolitics resurfacing, yields popping up. The question
Youre bullish the market. I think it is a very good sign and if you look over 20 years, 30 years, 40 years, that actually happens they are playing catchup and thats a good thing. When investors, particularly index investors, are where they can still get some value and, of course, its small caps. Not only that, if you get these plans, and theres no expectation of market now, maybe some start to creeps in on tax, if you get infrastructure and tax in the u. S. The small caps will benefit tremendously for a lot of domestic issues trump is focused on i think they will do quite well. It helps keep the haters at bay. One of the arguments you can you make is, you know, small caps arent performing. Transports arent performing we hear all those lines all the time. Russell 2000, as we said, outperforming month to date. Thats a sign of a broadening and stronger rally. We talked time and time again about the rotation of the rally. Its between sectors and actually even between the s p and the nasdaq