Look at the green arrows back this morning, even though the government could potentially be shut down. S p futures up by 4. 5. The nasdaq up by 19. Well talk more about that potential Government Shutdown in a bit. Overnight in asia, the nikkei higher. Up 0. 2 . Hang seng up by 0. 4. So was the shanghai in china in europe, at least right now green arrows across the board. Biggest gainer of the major averages is the dax, which is up by almost 0. 9 percent. The tenyear yield hitting 2. 64 yesterday. Thats the highest level since september of 2014. Again, concerns about the Government Shutdown really pushing things well see what happens to the tenyear when and if a budget deal is found. Right now it looks like its setting in at 2. 63 . Some big headlines this morning. Ibm returning to Revenue Growth for the first time in five years. Shares are down. Theres weaker than expected guidance overshadowing that news the company beating on the top and bottom lines but took a charge of 5. 5 billion
European equities are trading under 30 minutes until the end of the wednesday session, rising for the first day of three with highest levels for the stoxx 600 since june 19 with all currencies falling against the dollar. Bond yields are daily gaining. Dax isnd in the diverging from the technical momentum indicator. The relative strength index. Something usually seen as negative and technical analysis. Whenivergence occurs prices make higher peaks as the dax has done in recent weeks. While the rsi makes lower highs. That indicates momentum is fading, even as prices keep going higher. The bullish trend is intact for now, according to day by day. It will be interrupted if the index ranks below 12,930. We are at 13,000, 46. 13,046. Lets stick with germany. J. P. Morgan chase and Morgan Stanley have differing views on what the ecbs policy decision next week will mean for german bonds, jpmorgan recommends taking an outright for a position in the 10 and 30 year bonds and selling fiveyear germ
Fox sports had an electronic failure that caused the delay in the game during the 4th inning but little did everyone know the game would go another 10 innings. The game starts with a rare inside the park home run. There it is right there. Putting the royals up early. Dont often see that. The mets would come back though and they would lead until the ninth when the royals ended up tying it up. They did finally win the game on a sack fly. 54 royals. Game two is tonight. But dont watch it because tonight is the debate. Since there was a stolen base during the game taco bell will be giving away a breakfast churchwrap on november 5th. The News Reporter is me is watching like wow how much ad revenue are they losing with this power outage. The four minutes and then the embarrassment. I guess the first time on the big stage that youve had an issue. Remember at the super bowl in new orleans, remember that, a few years ago right. That was a much longer. More than half an hour. 40 minutes. So it h
Starting with the Swiss National bank. Not just the Swiss National bank well get to it with the huge shocking moves, in currencies, also the fact that india cut Interest Rates, even the bank of korea. What were seeing now is going to continue as europe then has to decide just what moves it will take next week folks. We are living in crazy times. A race to the bottom. Or as our friend in currency terms. The bond fire of the currencies. Exactly. Now people are starting to look at gold again. You have to wonder once this volatility settles down we will be able to get back to quote unquote basics or we are embarking on another experiment of historical proportions. Were he going to talk about all that and have a special show lined up to do that. Joining us jim grant by the way who called this on the swiss from the grant rate observer former Time Magazine chief Walter Isaacson and henry mcvie will give us his outlook for 2015. Looking forward to all those interviews. Dow giant intel is due o
The beginning. Okay anything else . Okay raise your right hand testimony youre about to give will be the whole truth and nothing but the truth . I do. Thank you. Thank you. Not filament this is the 7 minutes. Okay. Thank you very much commissioner president lazarus and commissioners Ryan Patterson for the permit holder is Health Care Foundation. Ill start by just briefly touching on the issue of the interim controls and ems for the permit holder organization to speak to the actual criteria for formula retail to show why it has innovates and is not formula retail which is what the board requested last time. Ill speak again briefly to the issues that Zoning Administrator just raised. As of a they recalled matter it should be clearly made to the board the question before you tonight is a straightforward one whether the error and discretionary were issued when it was released as the suspension request. This is not a more act burgers question whether the permit should be issued under the ru