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Havenots in the United States grew last year to its highest level in more than 50 years when tracking income inequality. That is according to figures released by the census euro today. The areas with the most income inequality last year were coastal places with lots about open washington, d. C. , new york, and connecticut. As well as areas with good property, puerto rico and louisiana. Utah, alaska, and iowa had the most economic equality. New protections can be on the way for undocumented immigrants in new york city. The commission on human rights 250d see fines of up to thousand dollars against landlords and employers who threatened to call federal agents on undocumented immigrants. City Officials Say they believe new york is the first jurisdiction in the country to explicitly frame its laws to protect immigrants in this way. Global news 24 hours a day on air and at tictoc on ....
A powell boost and metcoin above 11k. And snap snubs social media a blistering ped about facebook and spread of fake news. And amazons growing influence, we have an exclusive interview with andy jassy. Stocks are on track for more record high. Boosted by advancement of the tax reform bill to the senate floor. Financials obviously rallied following comments by fed chair nominee Jerome Powell at his confirmation hearing he did say bank rules are tough enough he also got bitcoin surpassing 11k, after breaking 10k about 24 hours ago, jim. Yeah, i know ill get heat on this but even if you believe in bitcoin, the velocity of the move is a sign that its parabolic and parabolic moves dont last and i know that when i look at that i say to myself, okay, if i owned it, what would i really be doing . The answer is when you have that big a gain you have to take profits. That velocity is crazy that velocity is not right. Whos buying this thing s ....
President trump calling on congress for 1. 5 trillion bill to help fix the country crumbling infrastructure tomorrows report, apple gets a downgrade, disappointing iphone demand and the s p 500 the worst day since may of last year despite the sell off though. Almost, six decades heading into the trading section of the month, each 5. 5. Nasdaq is up 7 for the month. 14 record s p 500 closes is the most since 1955. I have to go back, thats seven years. I heard the speech last night, not only the president , hes literally taking credit for the stock market and hesdone lot to make it so that this rally makes sense. You look at the boeing quarter today. You everyone is skeptical and some of them is antitrump. Come on, this economy is thnot that good. You look at the electricity number, they dont lie and you come back and say listen, what do you want how for real do you want it to be what do you need to see . A 6 gdp number . It is real you can make an argument that it is reflected in stock ....
Twitter. Shares down 11 premarket after showing the worst growth rate ever. I spoke the outgoing Procter Gamble ceo yesterday. That coming up. Some disappointing guidance but first up twitter taking a hit despite beating expectations revenue up 61 in the user growth quarter. Interim ceo dorsey last night expressing his dissatisfaction during the Conference Call. Instant time lines and logged out experiences have not yet had meaningful impact on growing our participation. This is unacceptable and were not happy about it. We need to do three things. One, we need to ensure a more disciplined execution. Two, we need to simplify our service to deliver twitters value faster and three, we need to better communicate our value. Stock closed at 5 . Ended up down 11 after hours. The quote of the day, we do not expect to see sustained meaningful growth until we reach the mass market and ....
The three, up about 3. 38 . Overnight in asia, shanghai came back bigtime. As you see there, up 5. 3 . The hang seng, 3. 6 . The chinese did seem to intervene a bit to help things along in china. As for our tenyear note, we started this week. We were below 2 on the tenyear. No longer. Back to 2. 20 despite those comments. Crude oil above 40. The first time i have seen that in a few days. Lets get to our road map. Has the market bottomed for now . For good, for a while . Another upgrade for amazon. Why now is, quote, an attractive entry snoint. Retail pain continues. Tiffany and Williams Sonoma both disappoint and both stocks are looking down this morning. We begin with stocks on track to maintain momentum from wednesdays big rally. Futures extend gains after data shows Second Quarter gdp revised upward to 3. 7 . Thats up from an initial estimate of 2. 3 . This comes one day ....