And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
We wrap up the latest from googles antitrust trial and bring you what a new report that shows u. S. Warning the eu on is a act regulation and competition. Lets check in on the markets because blowout jobs number. We see the ramifications in the bond market, but tech manages to push through after initial knee jerk reaction. U. S. 10 year. We are headed towards multidecade highs since 2007. Bitcoin on the high side its a little bit of a desire to get into the risk assets on the back of some the numbers lets have a look at what is happening in individual stocks movers of technology. Bpd on a tear. We are seeing it outperform the last few months and weeks and currently on the date up. We are of some 4 . Chipmakers managing to push on the higher side. Im looking at tesla on the downside. We are all 0. 8. They once again cut prices up to 2250 being pulled down in terms of a price point. Keeping on pushing back. Lets have a look at what is happening more broadly in the macro data because mayb
Action was yesterday. 10 year yields going down the touch after yesterday selloff and yields rising yesterday the most since september. German tenyear yields continuing their assent. The selloff is the biggest since the end of june. Dollar gaining today against currencies stacking up ahead of the open. David lets find out whats happening with first word news. Emma in the u. K. , theresa may is facing questions from lawmakers in the latest eu moves on brexit. These are live pictures from the house of commons. The eu brexit negotiator says the transition will in in 2020 and says there will not be anaa la cart transition. President trump is on the verge of his first major victory in congress. Earlier today, the Senate Approved the biggest overhaul of the nations tax code. The bill must go back to the house for another vote. Budgetdemocrats invoked rules to remove minor provisions. It slashes the corporate rate from 35 to 21 . South korea made delay or with the u. S. Until after the olympi
Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three
Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three