Good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt. Kayla has the morning off. Dow up 57 points. Obviously the markets are our top story. Well continue to watch the race to 20,000 in the wake of the feds first rate hike as you know, of 2016. A lot going on. Donald trumps victory since that time five weeks, looking at 8 on the dow, the best postelection rally on record. Jonathan gow want is managing director. Guy, happy friday to you both. Good to see you. Good to see you as well. Tobias, people taking stock of the rally but paying attention to Dollar Strength. The lack of real policy specifics as of now. Obviously memories of how bad last january was. When do we know when this rally is over . We think its a bit overdone near term at the moment. Interstock correlation, top 15 names in the s p 500, is around 10 . Thats one of the lowest levels weve seen in a number of years. Historically when weve gotten this, the market seems to get a bit tired and we start
Assertion that no deal is better than a bad deal. I am nejra cehic in london. Good morning. Lets get your markets first. We are looking at the stoxx 600. We saw a close lower after initial games, fairly steady now. See the carmakers really underperforming, down 1. 3 . The asiant happen in session. It is feeding through from the u. S. Car data we got from the u. S. Yesterday. The car sales coming in, disappointing that data. We are seeing it read through to the European Equity session. In terms of dollar and yen, we are seeing a weaker dollar. Ae yen strengthening for third day. I wanted to show you the 10 year yield on the german bund. Went down one basis point, 0. 26 . We saw a lot of demand go into u. K. And german debt yesterday. The 10 year treasury yield is fairly steady. We saw it hit its lowest since february yesterday. The 10year gilts yield reached its lowest since october. A lot of demand for the safest assets among safe havens that are bonds. If get to the bloomberg first wo
Detective eddie brown a task force has been working for eight days. Weve had 88 arrests. Weve gotten 20something guns off the streets and the streets are going back to the community. So, well keep doing what we have to do to keep the city of pittsburgh clean and drugfree. Were going to go up on the steps there. We got a call on brushton avenue. We got a drug transaction going on there. Possibly five to six actors involved. This is on the edge of the city. So, its like were chasing them out of the city and theyre going onto the edge of penn hills right now. So were going to go up and check it out. Hermitage. Officer hes going. Hes all in black. There goes another one. Were on monticello extension. This is monticello. Its got to be up top. Its monticello extension. There, on the steps. They coming down . We got them down the bottom. Come on. One gold and dark and one gold and dark raider jacket on. Come on. Grab the wall. Grab it. Come on, big boy. What are you running for . I ran becaus
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