Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Of a u. S. Trade war, is it a risk to investors . First, to our top story, facebook shares took a hit earlier today after the wall street journal reported Mark Zuckerberg knew about the social networks problematic privacy practices. Facebook uncovered emails in the process of responding to a federal privacy investigation, raising concerns that they would be harmful to the company if they became public. The journal says that is part of the reason why the company salt sought a quick settlement. Here in me in san francisco, our bloomberg tech executive editor, so, tom, explained this to me here. The nuts and bolts here. What is the journal saying that facebook uncovered . Tom they are referring to an email exchange, which, by the way, they have not seen them. We certainly havent. We dont know where they got them. Apparently there was this exchange in 2012, around the time that the ftc was handing down this consent degree punishment about facebook and its privacy practices. At the time, th
Reclassify marijuana. What the move means for trading in these names. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, and steve grasso. Stocks closing on a down note, with the nasdaq sinking 2 and the dow shedding 570 points, accelerating the last ten minutes of trading. All three closing near their lows of the session and well in the red for the month. Each ending fivemonth winning streaks. The dow posting its biggest mostly loss since september of 2022. Well dive more into what is behind these moves later this hour, but we have to start off with amazon. Shares are higher, though off their best afterhours highs. The company reporting a beat on the top and the bottom lines and higher ad revenues and sales in aws guidance in q2 though. Kate rooney has the details. Cloud growth was the key story here. Aws sales, thats what folks were watching. 17 growth, better than the 14. 7 wall street was expecting. A. I. Appears to be d
Africa is a fascinating story. Votes are being counted for the election. It looks like the more market friendly candidate is going to win. The u. S. Dollar is weakening against the rand. We will catch up with that later in the show. Peso, a big day for emergingmarket elections. It is viewed as market friendly. It is also viewed as looking at the next index down, despite the fact we are getting so much information about the tax plan, about different political developments. David nothing well bring the vix up. Lets get an update on what is making headlines. Trump will do clot declare china a competitor in a speech. His speech will be heavily influenced by his views on trade and economic relations. He is expected to outline economic actions that could target china. In atlanta, power has been restored at one of the busiest airports after a blackout that caused thousands of flights to be canceled. Power says a fire caused extensive damage in an underground facility. Delta says it will opera
Mark police say the driver is an Australian Citizen of afghan descent who has a known history of drug use and Mental Health issues. U. S. Senate Majority Leader Mitch Mcconnell says he doesnt expect the chamber to take up changes on the welfare system in 2018. He addressed the issue at an axials event in washington. I think the democrats are not going to be interested in reform, so i dont expect to see that on the agenda. What the democrats are willing to do is important, because in the senate, with rare sections with rare exceptions like the tax bill, we have democratic involvement. Mark he added infrastructure is a key objective or next year and at a minimum he expects technical corrections to the bill. All remaining significant evacuation orders in areas the smoldering remnants of Southern California path huge wildfire have been canceled after a new round of winds cause activity. Warnings of high fire risk were canceled for Santa Barbara county. In ventura county, firefighters attac