Research will survive as we know it. And we start with the big issue today, with our question, the u. S. Jobs report. One month is noise, and the next few months will be noisy because of the disruption of the hurricane. Im not sure i would put too much stock in those numbers. It is on the softer side. It benefits all of our positions in International Markets where we think returns will be higher, but we shouldnt forget that this number will be back on track before long. Claims are much more stable than, you know, payrolls, and they are not showing any problem. We have had all sorts of numbers. But when it is not confirmed by other data, Consumer Confidence remains very strong. I think the market is going to blow this off. The first thing i looked at was the wage number and it has been flat at 2. 5 for a long period of time. We need to put more money back in u. S. Consumers pockets. That is what were trying to do by wage growth and tax efficiency. I think the fed is focused on wages and
Earlier down about 0. 1 . Not so long ago down 0. 4 percent and perhaps of the continuation of yesterday selloff and loss of uncertainty to deal with and the headline that vicechairman of the Federal Reserve resigning and looking at that on the market in a moment. In terms of the underperforming relative to the nasdaq and it has the higher momentum stop that react more so on a risk offer and today is not really risk off but you would think so. Look at apple down after yesterdays 1 decline. Investors taking profits on one of this years top stocks and expedia is lower by 3 after , loadedvo trivago their full year profit. Nonetheless, one of the big drags and tesla is down more than 1 after nissan has released its first refurbished electric vehicle and seven years saying they will double cells and giving tesla a bit of a decline. An intraday chart and we are going to see the trend is down. This is about a 7 range and not too big. When the announcement came that Stanley Fischer is resignin
Where we are right now in las vegas. What is freedom fest . Its the intellectual at the entertainment capital of the world. This is the most unique events in las vegas because usually las vegas is about entertainment and so forth. But we are renaissance gathering where we taught philosophy, history, science, technology, healthy living, music and dance. A liberal arts education. We have over 300 speakers, we have many authors. One of the subtitles is great ideas great books and great thinkers. We are one of the few organizations that has a conference where the center of our exhibit hall is a bookstore. We sell people hundreds of books and freedom fest. We are delighted to have book tv as part of the freedom fest. Host what political philosophy is behind freedom fest . Guest we are nonpartisan, we have a lot of wealthy investors here and its hard to pinpoint politically what investors are for example two years ago we had donald trump came at the last minute. He appears seven 11 on 2015.
David as we mentioned, market taking a pause ahead of the fed. Where are we . Fx flat. Not a lot of i am right now. Lets take a step back. That is your forward multiple across the group. We put that together with the earnings yield and blue. That tells you they have outpaced revisions upward. E are currently above it gives you yield gap just just above 4 . Open ofes away from the markets. What are we watching . Not very excited about today. Sophie you can smell the caution in the air. Taking bigiding positions as we wait for the fed. The kospi had a session low. Aussie stocks leading laggards, falling for a second straight day. Telecom stocks on the back foot. The currency space, the aussie under pressure, perhaps sliding given what we futureing in iron ore, slumping 10 in the past four days. He dollar is rebounding the hong kong dollar higher. On tuesday, it jumped. Investors seeing a bit of a hangover after yesterdays advance, the most heavily traded day for japanese stocks. Near a t
There im watching aljazeera live from london also coming up. They once were bitterly opposed over the war in syria but now its a meeting of minds as turkeys president hosts his russian counterparts in. Another day of rallies in barcelona at this time its students who are on the streets in support of catalonia independence referendum. The show of force in south korea. Young young it has military might use it provoked. The u. N. And International Aid groups say more than half a million refugees have now fled to bangladesh since violence broke out in state last month the United Nations Security Council will hold a meeting about the crisis in the coming hours u. N. Officials were due to be allowed into Rakhine State for the First Time Since august the twenty fifth but me im all says the troops be disposed due to bad weather the un is accused me of ethnic cleansing and human Rights Groups say the army has committed crimes against humanity there calling for sanctions in particular an arms em