Down for the week. Interesting intraday movements here, mike, what do you think is going on theres been this undertow of weakness, small cap stocks underperforming. Average stock made no progress, also a lot of focus on high yield debt the credit markets have been a leader, theyve been weakening for days seems its caught up to the headline indexes not sure if theres much more to it than that, other than pentup selling in september and october when were normally weak and skated higher through it i wonder if it has to do with anything thats been happening in the bond market weve been looking for clues weve been seeing a lot of buying in treasuries yields have come down from last week, almost around 250 and now people are looking at high yield and some of the selloff were seeing there that pinched yield curve got more anxiety, another excuse to do more selling. Doesnt take much to get peoples attention these days. Media is the big story at t and time warner, that merger facing potential p
President s report that he said in a memo to comey to let flynn go. And the fbi director reportedly kept a paper trail that said the president asked him to end the probe into flynn. It hasnt happened so far, but will trumps troubles crack this market . The u. S. Markets are pointing to a large decline at the open. Shares of target jumping in the premarket. The retailer blowing past some earnings expectations. Our top story of the morning is trump versus comey. Now confirmed by nbc news a memo by fired fbi director comey claiming that the president urged him to drop the investigation into former National Security adviser michael flynn. Lets get to eamon javers who is outside the white house with the very latest. Hey, eamon. Good morning. Marine one has landed on the south lawn to take the president away. Hes leaving to go to the Coast Guard Academy where hell give the commencement address later today and that will give aides a respite of the intense news flow, starting at about 5 00 las