Those are bonds and commodities umns. E final two col friday, a new record. It pushed the dax above estimates. Rsi is the relative strength index. The lower part of the chart is that an 18year high. The been overboard territory, levels not seen since the bubble. The rsi recently reached 70 points following the election of donald trump. Keep an eye on the ducks index dax index. The appetite for stocks tied to growth is no longer benefiting europe over the rest of the world. Index has lagged its mid2016uivalent since as banks have rallied. Morgan stanley analysts assign the blame to a scarcity of Technology Stocks in europe. The blue line, cyclicals versus defensivens. Turning to one of the periphery countries, portugal. There are still signs investors are hungry for portuguese bonds. This is the 10year going back to 2014. The yield on the 10year is hovering just above 2 , down four basis points today. This is a level not seen since just after the country exited the i. M. F. Ale out in 2
Dagen the wonderful you have no idea where i am going. I can get myself into trouble. Connell yes you can. Dagen stocks now and every 15 minutes. Nicole the markets are pretty much spot. Lets start off with apple. The 700 stock back in the middle of september. One product after each other the price target is now 700 from 780. Not too optimistic on the iphone5. It is down 3. 5 right there. The vix, the fear index, is to the upside. The dow is higher while the s p and nasdaq are pulling back. Back to you guys. See you later. Connell thank you. After the big meeting they had last night, the speaker of the house, john boehner, is heading home for the weekend and ohio. Dagen rich edson is following the action. Rich there are cell phone communication and airports in his area of ohio. He can come back if he needs to do so. Even after last nights 50 minute meeting with president obama at the white house, there still is no Significant Movement towards a deal on the fiscal cliff. They have a fra
But i have not. Lori i have only seen it on broadway. Stalks off to a tough start. Early numbers point to a tough season. Tracy a nice and shiny fiscal cliff. President obama cut his vacation short. We are tracking where it is headed next. We are expecting negotiations to continue tomorrow. There is talk now that that may not happen. Time to head down to the New York Stock Exchange with Nicole Petallides. Nicole Merry Christmas to everybody. The vix, the fear index, has been to the upside. Whether or not washington will solve the worries about the socalled fiscal cliff approaching quickly. Here is a look at the dow. 13,100 even. Most of the dow components are under pressure. Hewlettpackard doing well and bank of america in the financial round. It really is being laid upon by the retailers. I no adam shapiro will add on to that. There is a look at some movers. Michael cores down over 6 . Tracy i was in the balls this weekend. Lori crowded theater not like i thought it would be. Adam sha
Around the clock service. We have our own version of around the clock. Nicole petallides is on the floor of the new york stock exchange. Nicole it really is a time to shop. Lets take a look at the major market averages. The tech heavy nasdaq is squeezing out some games. It is up about five points. Some other traders talking talking about the fact that yesterday they got a lot of monetary policy. Then they start to get Economic News of things the a little bit better. They have to digest each piece of Economic News. There is a look at the dow. 13,237. It is down about eight points. Lets talk about best buys. From 1956, that is when he founded best buy. He is moving ahead. It could be by the end of the week. It is up 15. 5 . Connell a news alert from washington. You will see it here live from d. C. As we wait for the speaker, we will hear from a guy who says whatever god deal is signed, there will be a lot of pressure. Boehner will have to cut a deal that raises taxes. Their idea of fisca
Dow jones industrials. We havent been there for some time over the last couple hours. Interesting to see us getting a little pop here the dollar strong ran the vix tire and durablegoods orders rebounded into september and looks better than august and initial jobless claims fell below expectation. We are looking at the dow up almost ten points gaining 0. 1 . Proctor and gamble is the best performer on the dow, one of the names helping the dow along. They came out with their numbers. The profit for the first order rose more than expected. Shareholder, talking about cutting costs to get things rolling and restore growth and that is what they are doing, stock hitting a multiyear i. 80 of the countrys top executives are urging congress to reduce our deficit. Three key points to get our nations debt in check, reforming medicare and medicaid, strengthening Social Security and initiating progrowth tax reform. Here with more is exclusively on the Fox Business Network greg brown, chairman and ce