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Falling earlier for the first day in six six arrow is not been done since april. Equities is the first column. Mixed fair for bonds, commodities, and cds. The swiss watchmaker surprising investors with weak sales growth in europe, the strong euro highlighting the luxury industry diverging regional fortune. We have a rebound. European revenue rose at less than one third the pace of analyst estimates and the five months of august and sales in asia rising more than twice as much as expected. Product prada, the strength of the euro affecting luxury spending after outlays previously held in check by fears of terrorism. It has raised 1. 2 billion euros from the sale of a stake in its chemical maker. Covestro, shares sold to institutional investors, 63. 25 euros each, 3. 7 below the tuesday close. The transaction marked a big step in its break from its former division that it spun off a couple of years ago. While it works towards Regula ....
President trump prepared to give the verdict on iran tomorrow. A new strategy as allies urge restraint. Betty it did feel like restraint in the equity markets. We saw it touched slightly lower. That is raising questions about whether markets are vulnerable to a sharp pullback. , whichook at g btv 1138 shows you the brett breadth of the market. It is the equal weighted indexes in the blue and white lines. That evens out the in influence on the index. You can see the breadth of the market. Falling, hashis is fallen consistently and emerged with europe. It looks like a rally we see in europe, much healthier than here in the u. S. Which goes to the point many people say. Which is, we are richly valued and are due for a correction. Yvonne we are seeing a freeze in this melt of stocks in wall street today. It is no surprise, given the euphoria we have seen today. The big story was the banks. Betty it was the banks. We will talk about jpmorgan and citigroup in a moment. Lets see where the ind ....
Are not seeing a bigger reaction . Julie there was a bigger reaction when he opened, but it has since abated. It seems like nothing will stop the engine of this rally or small moves on a daily basis. That is what we are seeing today. Stocks are bouncing up a lows of the session. If you look at the groups in the s p 500, we have got about half even between green and red on the screen. Even the declines are now updating to some extent. Telecom stocks leading. Health care continuing its run in a particular group. We have Consumer Staples tech and energy in the red, for not having as much of an influence. Financials are on the unchanged line. Financials were earlier in one of the worst performing spots. One of the things tied up in the financials has been the bond market. We have seen steep selling earlier in the day. Buying in the bond market. Bonds earlier saw a drop in field of his as much as five basis points. It is now three ba ....
Win sunday. That would be a show of support for his attempts to revive a slumbering economy. Kathleen i am Kathleen Hays in new york where it is just past 7 00 p. M. Thursday. Treasuries rose and the dollar fell on reports President Trump is leaning toward Jerome Powell to be this the head of the fed. Yvonne it is looking to be more like an easy win for shinzo abe on this sunday election. The latest poll we saw, the Ruling Coalition said to have the best election outcome in decades. More than 31 years. That was facing opposition in disarray. The party had was losing hopes in the past couple weeks. Kathleen i guess that is one reason donald trump wanted to make sure everybody knew he would get this fed chair selected before he takes that very important trip to asia. ....