The nasdaq up better than 1 . Thats a rally. By the way, the yield curve is not inverted. Treasury rates are now firmly above their lows of the last two weeks. Got a question for you. Why would apple, with over 200 billion in cash, borrow even more money . They are jumping on the cheap money band wagon, issuing bonds along with cocacola, disney, deere and a host of other Blue Chip Companies. They are making hay while cheap money flows. And they will pull in money from overseas, too. Over here, corporations pay interest. Over there, not so much. In a moment, you are going to see the extent of the devastation in the bahamas and dorians track. Its strengthening and heading for the carolinas. Varney company about to begin. Stuart we start with the hurricane. It is now a cat 3 storm as it makes its way up the east coast and takes aim at the carolinas. Meanwhile, in the bahamas, more images emerging of absolute devastation. At least 20 are dead. That number is expected to rise. Jeff flock is
We will discuss with david lee and just a bit. Im Katie Greifeld in new york. We have hovering near alltime highs. At the stock level, things are much more exciting. Take a look at the nasdaq 100 we have that bond market rally continue. About five basis points right now. It could change tomorrow when we have those pce numbers, but for right now, one stock we are watching is walgreens. It cut its profit forecast for the full year. Joining us now with more is fiona rutherford. This is the second time they have lowered their guidance. It shows how tough the landscape is right now. Less people going into retail pharmacies. Walgreens is having we think their footprint. It is brutal. At least taking a look, at least wall street does not have a lot of faith in the turnaround plan. I think that they feel that the plan is solid. An analyst from Bloomberg Intelligence said earlier today that the excitement around the new ceo has probably dissipated now. You can definitely see that in the share p
We will discuss with david lee and just a bit. Im Katie Greifeld in new york. We have hovering near alltime highs. At the stock level, things are much more exciting. Take a look at the nasdaq 100 we have that bond market rally continue. About five basis points right now. It could change tomorrow when we have those pce numbers, but for right now, one stock we are watching is walgreens. It cut its profit forecast for the full year. Joining us now with more is fiona rutherford. This is the second time they have lowered their guidance. It shows how tough the landscape is right now. Less people going into retail pharmacies. Walgreens is having we think their footprint. It is brutal. At least taking a look, at least wall street does not have a lot of faith in the turnaround plan. I think that they feel that the plan is solid. An analyst from Bloomberg Intelligence said earlier today that the excitement around the new ceo has probably dissipated now. You can definitely see that in the share p
Seen any innation as judged by the cpi since october. That number is due out at 8 30 eastern time. Then later in the morning watch for the Housing Price index. New home sales and richmond fed survey. St. Louis fed president gym bullard is set to Start Talking in london in a few minutes. In the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u. S. Economy. Gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. Given that Monetary Policy is a blunt instrument its going to have unintended consequences or effects. The goal for me is just to get the economy back to full employment. Get inflation back to 2 and Interest Rates back up as appropriate back to more normal levels. He will not be composing the music for the new movie. I thought he was. Originally he was signed on. He will not. Well check into that. But i thought i saw recently hes n