Lets look at where we stand in the markets the dow hitting a new high up 117 points the s p and nasdaq all in record territory. Earnings are driving the market highs its getting rewarded. Bob is at the New York Stock Exchange with more were at new highs because the market has successfully rotated into former out of favor sectors. Im talking about cyclicals. Whatever happened to the Global Economic slowdown. Those are the two classic cyclicals on a global level. Communication services are Media Companies also doing well. Even bank stocks doing well as the yields curve has steepened in the last month. Its not just here in the u. S. I think a lot of people were surprised to find that europe is moving up. We had new highs in italy and germany and france theres your european etf. A lot of this is because the bank stocks have turned around italy, germany and france even japan at eight week highs. A little bit of this is about trade optimism a lot of people believe that will help the global e
Remains solid. Joining us for the hour is stephanie link what do you think the theme is here we started the day up almost triple digits on the day then loss were down triple digits now were somewhere in the middle crazy with earnings nonstop. The theme today is the shift right back to growth from value. Thanks to paypal, thanks to microsoft, thanks to service now, and value is under performing because i think its all about 3m and what they said. Weak china, weaken you a, to no green shoots after yesterday where caterpillar gave us some hope and boeing gave us hope today took it all back some commentary from the industrials so far, honeywell last week as well, some of the commentary has been a little bit better around china so i wonder how much of this you think is 3m specific and where their end markets are focused versus the broader sector especially in electronics i do think they have high variable costs at 3m so they have some Company Specific issues. They didnt take production down
Thank you for having me. Tell us about theis organization and how you are funded . We are owned by lending tree and a credit card market place where people can come in and get credit cards but also learn how to use them wisely what to know when you are shopping for one. Basically we get a bounty every time someone signs up for a car through our site with relationships so we also have a church and state divide in our newsroom like any newspaper and my goal is to be the person who goes out and tells the truth and helps people make smart decisions about cars. When it comes to the overall topic of Consumer Debt how is the residents of the United States doing generally on that front particularly when it comes to Credit Card Debt . They are still handling their business pretty well right now. Delinquencies are climbing up a little bit right now but there is stillit generally low historically but there are definitely signs that we are starting to run into issues but that is to be expected. It
The dow eyeing eight Straight Days of gains on growing optimism around u. S. china trade. Weworks rocky road to an initial Public Offering. And the democratic faceoff, warren, biden, sanders dominating the debate stage. Just what their plans could mean for your portfolio stocks are chasing history this morning the dow and the s p each within 1 of hitting record intraday highs. The blue chips in the midst of a sevenday win streak for First Time Since may of last year. You have signs of a health y consumer, Government Data shows retail sales up. 4 in august, double expectations. Core unchanged, looking for. 1 but july even after that upside surprise revised higher. Is this ever putting the pressure on jay . I think jay powell is uniquely faced with a difficult decision. You posted some stuff the other day about you raised rates and the economy is not being hurt so why should we just want to cut them i continue to say he raised rates too much and i want i want to go for the full on 3 on e
More than 100 tonnes of gravel the British Isles and around that to reinforce flood defences in lincolnshire, spiralling with a disturbance, fruits of scientific analysis, and which breached after more than two doomsday predictions can no longer months of rain fell in the space bringing bands of showers away in be met with irony or of a few days. What will be a fairly easy, not the village of wainfleet, near skegness, has seen homes flooded and residents evacuated, particularly warm weekend but a bit with unseasonably heavy rain warmer than its been for some of prompting flood warnings across parts of the midlands, the northwest, and wales. Us. Warmer than its been for some of us. Sunshine, the chance of catching danny savage reports from wainfleet. Showers on easy weekend and we start off on saturday morning quite wet in northern ireland, some rain here towards western parts of scotland through parts of wales and into western england so this first disturbance is to move east during th