What we are looking at is a sixmonth chart of the s p 500. We are looking at treasury note futures in white. That is actual price. We see coming out of june we have treasury note futures basically flat and rallying. Stocks went sideways. In september ec a strong downtrend. In todays pullback for bonds ec the downtrend really holding. It could just adjust. December could be what history are,sts decembers relatively strong. Michael one thing we dont talk about is the indian stock market. Etf trading today, msci indian etf is a standout. Very strong move today. Indiaof speculation the bank will cut Interest Rates by 25 basis points tonight. One thing that really stands out you look at the benchmark index in india is its evaluations. It is trading near a record local currency basis, but the evaluations have really sort. Index not trading in more than 29 times trailing earnings. You can see the top line. What is more interesting is the evaluation taste on forward earnings, the lower line. I
Of november. Sandy did not have that much of an impact on the numbers. Unemployment fell to the lowest level in nearly three years to 7. 7 . More people stopped looking for work, all together. Consumer sentiment, not as strong heading into the holidays. Preliminary index actually fell in december. Economists had to look for a slight increase. Investors continue to get out of apple. The tech giant having its worst week since they of 2010. Apple is in they are barking territory. Shortly after the iphone5 came out, part of it in the near profit. Lets get to the floor show. Bobby, i want to start with this jobs number today. The Labor Department says no affect on sandy. There was some data that pointed to the fact that people were leaving the workforce because of sandy. The numbers speak for themselves. I do not think the full effects can be known until maybe a couple of weeks. There certainly are people that cannot go to work and have been laid off because businesses are out. There are al
Thanks so much for joining me. Just minutes from now, President Trump, hosting Business Leaders and speaking moments ago on a key action hes about to take, signing an executive order that will formally withdraw the United States from the transpacific partnership, the tpp. In offthecuff remarks mr. Trump said its the first step in overhauling americas trade policies. There will be advantages to companies that do indeed make their products here. We are going to be cutting taxes massively for both the middle class and for companies. And thats massively. Were trying to get it down to anywhere from 15 to 20 . All right. He said a lot more than that. Of course were covering all the angles of this. I want to begin with cnn chief Business Correspondent christine roman. Tell us what else mr. Trump said this morning. This is his statement to all the people who voted for him who feel that the last 50 years have left them behind. He said were going to buy american and hire american. Now with the B
People with disabilities are poised to see big improvements when traveling by air thanks to a host of changes tucked inside a massive reauthorization of federal aviation programs.
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