European equities are trading 30 minutes away from the end of the friday session. September and the Third Quarter, all rolled into one with stocks up, rising for the seventh consecutive day and for the week and on track for the third consecutive week. A couple of currencies lower against the dollar. Bond yields falling and commodities gdp data and the u. K. , the consumer may be in Better Health than previously thought, households saving more than more of their disposable income in the Second Quarter and incomes rising faster than prices for the first time in the and the gdp growing. The earlier quarter was revised up to. 3 and sides of rebalancing in the economy with business estimate up. 5 and trade contribution up. 4 by the weak pound gdp growth. Revised higher. Food for thought on the day of the bank of england conference where it celebrated 20 years of independence. Hawkish remarks from mark carney who intimated a rate hike, possible in the coming months. Big referendum or not in
Nation in the world. Our rate is the least competitive rate there is. Our business tax rate is 60 higher than our average economic competitor. Think of that. And then you say, how do you compete . Well, in many cases you dont. Our companies leave. They go to other countries. Its a massive tax on every product made in america, giving countries like germany, canada, japan, south korea, china, and mexico, not to mention so many others, a massive head start over american industry. It is time to go from dead last to pretty much the front of the pack. [applause] pretty much. We wont be the lowest but well be getting pretty close. Under your framework, we will dramatically cut the business tax rate so that American Companies and workers can beat our foreign competitors. [applause] we will cut the business tax rate from 35 all the way down to 20 below our average competition by far, and this is a revolutionary change and the biggest winners will be everyday working families as jobs start pouri
We had a long weekend. Abigail they are getting back to work with more records. We have the dow, s p 500, and nasdaq trading nicely higher, hitting another day of simultaneous highs. Anyway you slice this, we are looking at very bullish assets. It is the best monthly performance since march last year, a continuation of the rally out of the election. Administrationp will reinvigorate the economy. Have a 1 move up or down for the s p 500. If you go to the bloomberg, the top orange line is a 1 move up and the bottom orange line is a 1 move down. We are on day 50 without the move in either direction, the. Ongest streak since july 2014 investors are waiting for more information before they make a bigger move with the s p 500. Have a somewhat stilted rally of rally ofgh stealth record high after record high. The fed in march, what it actually does for stock. But we are looking across asset class, it is a bit of a reversal. The bloomberg dollar index was trading higher by 4 10 of 1 . The 10 y
We had a long weekend. Abigail they are getting back to work with more records. We have the dow, s p 500, and nasdaq trading nicely higher, hitting another day of simultaneous highs. Anyway you slice this, we are looking at very bullish assets. It is the best monthly performance since march last year, a continuation of the rally out of the election. Administrationp will reinvigorate the economy. Have a 1 move up or down for the s p 500. If you go to the bloomberg, the top orange line is a 1 move up and the bottom orange line is a 1 move down. We are on day 50 without the move in either direction, the. Ongest streak since july 2014 investors are waiting for more information before they make a bigger move with the s p 500. Have a somewhat stilted rally of rally ofgh stealth record high after record high. The fed in march, what it actually does for stock. But we are looking across asset class, it is a bit of a reversal. The bloomberg dollar index was trading higher by 4 10 of 1 . The 10 y
With arm holdings ceo. Snapchat kicked off its roadshow ahead of an ipo. Red herring disclosed slowing User Engagement and rights treatment. Joe siegel is a portfolio manager. I think anything at 20 billion, you have to justify the valuation. Here, the questions are around user growth. Around they danced issue of user growth, alluding to issues of the android. Monetization they touched on lightly, but as the story progresses, you will need to see more metrics. Cory we were joined for more. We were outside the Mandarin Oriental today trying to grab investors to hear their take. To their point, when asked what was your big takeaway still on your mind, user group was a lot of what the investors said to us. The executives blamed it on android, but i heard a lot of instagram being called out by investors who point to the stories feature instagram recently introduced that very much mimics snapchat. Others brought up the new whatsapp feature rollout. You can send images that mimics snapchat.