[applause] united for infrastructure is a nonpartisan, nonprofit advocacy organization. It has been our honor for many years to convene and collaborate with leaders in business and government on this important issue. I would like to take a moment to say thank you. Thank you to the city of las vegas and the great state of nevada for hosting us. [applause] i would like to recognize a few local leaders from the community. Mayor john lee. Congressman stephen horse martin. Ethan robertson. Las vegas city councilman brian. And mayor eric garcetti. [applause] id very much like to thank our host committee, the organizations who created the vision for this event. Provider resources to make it a reality. Invited the candidates, and have brought hundreds of their members to nevada to be here with us today. You can see their logos on the banner behind me. Those organizations are in no particular order. The International Union of operating engineers, the American Society of civil engineers, the val
Price hike spreads but thats not the whole story. Mylan raised prices more than 100 for 7 products over the last 6 months. Those details also coming up. Cash burn isnt always a bad thing. Well talk to the man known as the dean of valuation about which stocks with negative cash flow he says could be good investment opportunities. Aswath damodaran coming up. Nasdaq and s p could be in record territory dow. Bertha coombs, whens happening . You know, kelly, this is like the Rodney Dangerfield market. Nobody gives it much respect yet the nasdaq continues to grind to new highs and seeing some of the small caps catching up to the big cap indices. Russell 2000 within 3 5 of the alltime high set 13 months ago and this is a big laggard and momentum continues to be in big tech. Chips seeing a new 16year high. Dating back to october 2000. Broadcom among the chip stocks today at record highs. The sector up 16 since the start of july and a big comeback before brexit. Big cap seeing more momentum. So
Julie it was triggered after we got Economic Data out of china. We saw it spread around the globe. Commodities got on board as well. All of that contributes. You will see what im talking about. Its bumping along your the bottom. Its not as low as we were when the s p fell 1 . We have seen something of a tracking of oil prices. Nonetheless, directionally both of them are taking a step lower at the same time. Oil prices are up 3 . There was an attempt at a rally in oil, but it could not be sustained. Energy shares are the worst performers, down 3 . Some of the recent winners. Those of the losing losers again. They helped lead a recent rally and now they are gone again. Financials are competing. Alix you have a draw into the treasury market. Everywhere. Here and look at the 10 year note in the united states. We see the yield go down to 1. 82 . The 30 year is interesting to look at if you look around the globe. Investors want safety right now. That has been happening all your long. The que
Year. No more tpi for lloyds. No more payment protection insurance from lloyds. As i say, thats different to rbs and barclays. Rbs and barclays both putting aside more money for payment protection this week. Lloyds up 3 . The biggest conundrum is this. There is not going to be a huge amount of liquidity in the bond market. Domestic german figures are going to be out. In london, late breakfast, short days. We are back up here. Start of the week europe up 0. 5 . Youve got dropping prices, rising yields. In germany, all around europe you are seeing this reevaluation of risk, and still, the euro Foreign Exchange driven by Interest Rate differential. That is more or less the point. The euro rose by over 3 this week. You are seeing yields rise in europe. You are seeing the bond prices fall. Up we go. 1. 1245 is where we are on the eurodollar trade. This is one of the strongest months that weve seen. We are straight into may. April was one of the strongest months weve seen in almost 4. 5 year
8 30 a. M. , the allimportant must Pay Attention cti. We are paying attention to the inflation rate. 945 a. M. , Bloomberg Consumer comfort. Doing what mortgage shes was that we have earnings before the bell. Walmart and toms favorite shoes crocs. After the bell, nordstrom, hewlettpackard, and groupon. Rogers moment. It matches your iphone cover. They do. I have got my girl iphone cover here. It goes with my pink crocs. Lets do a pink data check. Were looking at equities, bonds, currencies, commodities. Futures negative two, yield comeback. There is a relaxation of from the tragedy we see in kiev, we 2. 72. 2. 68 back to nymex crude still elevated above 103. More in surveillance today. The ruble, two measurements dollar ruble and the ruble basket, which is a mix of euro and dollars. That is with the pros look out. 41 70 four cents. And there is nymex crude front and center with the Ukrainian Oil hub in the pipeline. Heres a chargt on inflation. A core ablation number. That recent disin