Disaster insurance for your portfolio. Remember will the force be enough to save disney when it reports next week. The action begins right now. Lets get right to it. While stocks are at an all time highs, commodities are getting crushed. What does it say about the health of the dploebl economy and what does it mean for the markets right here. Dan, what do you think . It stuck out the last couple of weeks as the markets levitated near the prev all time highs near march 1st. The thing thats interesting is the weakness in the dollar. All of a sudden now were seeing weakness in china. Dollars not rounding and rates kind of stuck and not really signaling anything, not signaling that the stock market is about to make an all time high. What theyre signaling is economic weakness. What were interested in is the dollar strong, is it inflationary or noninflationary. We saw the demand in china. That doesnt bode very well if were going to depend on that. We hear about the inflation trade, where wil
Pardon, me 48. 38, and now trading at 48. 64, a lot of the reason that we are negative today is because of the news that opec failed to implement a production ceiling, and concerns out there that there is too much supply in the market, and reasons that crude oil is supported at this point, but that is the main reason to be seeing a e lower session today. Normally the inventory number of iraq would have an impact here. Carl, back to you. Thank you, jackie deangelis. Good thursday morn, and we are live in the code conference in ran chose pal low ver ranchos pal low verde, and joining us is kara swisher, and walt mossberg, and take a bow right now, because it is an amazing conference. And first, elon musk making a ton of headlines, and this is what he said about the rumored plans to get into the car business. I think that they should have worked on the project sooner actually that, but i dont know i dont know, that they dont share with me the details of the production plans. I dont think
Lets get right to it. The story of the week was the collapse in global rates. The tenyear yield hitting multiyear lows. That has created a hunch for yields and dangerously crowded trades. Dan, what are you looking at . We know what the trades have been over the course of this whole year. And really, in the back half of last year. To me, it was obviously utilities, consumer staples. Theres two components of that sort of thing. One is the defensive nature of some of the businesses. A lot of revenues here. There was also the dividend yield. To me, they have been become very crowded trades. The most important point i would say, looking at the staples, the stocks have gotten very expensive relative to the market. The s p 500 is trading about 16 1 2 times on a forward basis. Then you have consumer staples, like Proctor Gamble that is trading 21 times forward earnings. I think thats an obscene valuation to pay for really what is atrocious growth over the last year. If you think all growth is
Lets get to it. The story of the week was a collapse in global rates. The u. S. Tenure deal hit multi year lows creating a hunt for yields an dangerously crowded trades. Dan, what are you looking at . We know what the trades have been over the course of the year. Really into the course of the last year it was utilities u. S. Telco and Consumer Staples. One is the defensive nature of some of the businesses. A lot of revenues for the most part here. Not as much on Consumer Staples. There was a dividend yield. To me they have become crowded trades and the most important point is that the stocks have gotten expensive. The s p 500 is trading 16 and a half times on a forward basis. Then you have Consumer Staples like Procter Gamble thats trading 21 times forward earnings. To me, thats an obscene valuation to pay for really whats been atrocious growth over the last year. Its been negative. If you think all growth will be atrocious thats the reason it looks appealing. You figure you get a corp
And difficulty out and another one pops up and so on and so on. Thats been theme all morning long and probably will be until early afternoon we shift everything further inland. Forecast goes like this, 81 degrees right now. We will get back up to about 86 today. With 50 percent rain chance. 87 for tomorrow with a 40 percent rain chance. How are things on the roads . Unfortunately we do have a bad crash that weve following. Id say maybe three ours at this point. Its been causing some problems. There might be some we will find out in just a bit. Deadly pedestrian crash gulf to bay boulevard belcher road last check westbound lanes were completely blocked hearing from police they might be in the process of reopening those lanes. Lets get out to Alcides Segui right now for some more details on the crash and also the lane blockage. It looks like its still there. Yeah. Yeah. Its, its still blocked off. And i dont think its going to cleared up any time soon. Short time ago and they removed car