Lynch. Thats a mouthful, they are under the same umbrella. Talking about the money pouring into the market. Individual money in the latest week, a record 33. 2 billion in the stockbased funds. That is through wednesday. I guess they do it that way. To put that in perspective, stepping back, 278 billion for all of 2017. If you were to maintain that pace and it were to continue to go at that frenetic pace, the gist of the merrill report is things would be looking frothy. Now theyve been saying that for many years, you could go back to a few years into the bull market that celebrates its nineyear anniversary in march. But among some of the things out there, and a big disappointment for me was starbucks. They were very high at holiday sales and a lot of that had to do with dismissing the pumpkin latte. [ laughter ] moving the peppermint latte to the front of the line, and i warned the baristas here, locally, i said youre giving up the cash cow, they said what do you want . And that was it.
Days. The eurodollar slightly weaker, that uptrend to seems to have been broken with a stronger dollar over g10 with the exception of the yen. Its a buy treasury single after the big selloff we saw yesterday and goldman doubling down on bullish commodity bets. I want to take a quick check on the safety Asset Classes. I mentioned dollaryen, portugal if you want to take on risk, go to portugal. The yield there is down by eight basis points with a lot of buying going across the curve over in europe and the vix at 29. Gold is up by four dollars now. The vix at 29 feels like the different world. David people werent buying gold. Alix gold is really liquid, its not surprising saw some selling if you needed to get liquidity. You covered gold, back and forward. , the new york fed president space of the European Chamber of commerce in new york city at 10 30, crude Oil Inventory data will be released and 21st century fox and tesla both post earnings, coming up today. Terms the first take, the sto
167 points nasdaq lost. 52 do you use this weakness to take a swing . Or do you recognize we are up so much that it is too late to take a profit or it is not too late it is hard to figure but lets do it together lets figure together. You have been waiting for a pullback to do some buying i am going to right now, this is your moment i think we can get through it okay i bet there will be some damage and you know what, that damage is your first chance for longterm investors to buy into weakness this year and i am telling you, i want you to take it i am recommending any additional pullback to put money in an index fund that mirrors the market i would put a little bit each day. This is a full crom week when we get a dip, that is your chance to put retirement money to work. We have had a market that is going straight up. I dont think the odds favor another leg up at this moment. We are far more vulnerable to let down not that we are coming into this morning session because selling begets sel
Noodles, eagles gear of course we could getaway with mostly just sweater, sweat shirt this morning of our temperatures in the 60s, where are we in philadelphia right now. Sixtyseven. Aforementioned cloud. Southeasterly breezes at 3 miles an hour. Relative humidity at 84 percent. Other temperatures 50s in the mountains but everybody else in the low to mid 60s, upper 60s in wildwood. Sixty in lancaster. Not bad to start. Mostly cloudy throughout the day but a summery temperature of 83. Normal high is 7o we are 13 degrees above average through the afternoon and sunset time 6 35. That is not all of the numbers we have for a friday. We will have more in the weekend. We will have that forecast in a few minutes. Lets check traffic with the schuylkill westbound at city avenue, jammed, from the boulevard to 202, and 95 at cottman avenue southbound starting to jam up too, from Bridge Street to girard avenue , and we had a School Bus Accident in mayfair frankford avenue at harbison, pretty big in
Good morning, happy columbus day, and welcome to squawk alley. Im sara eisen here with dave faber. John fortt with us from San Francisco, as he mentioned, at the black enterprise tech conference carl has the day off also joining us, kara swisher. A lot to get to today, beginning with google revealing youtube, g mail, and other platforms were compromised by russian operatives in an effort to interfere with the 2016 president ial election. Doesnt seem the ads were bought by the same troll farm that bought ads on Facebook Facebook is confirming russianbought ads appeared on instagram. So far, certainly, the pressure on these companies to fight fake news and bad advertising is mounting, kara, what will be the impact and whats the reaction out there in Silicon Valley . Well, i think, you know, its interesting. As i said, they are doing the slow roll, they are finding them slowly, looking for them i appreciate how difficult it is to find these things among the billions of transactions that h