Page 12 - Pershing Square News Today

On cnbc. Im sara eisen im wilfred frost well get to the Global Market picture in just a moment and Hurricane Irma and todays agenda first overnight a powerful magnitude 8. 1 earthquake striking off mexicos surn coast ea Southern Coast this morning this triggered a tsunami warning. The epicenter hit about 70 miles off the coast of chiapas, mexico multiple aftershocks have been recorded we continue to follow details of that story a bit of a market reaction. Peso getting hit on that lets get an upd...

The s p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. The dow was up by 260 points s p was up by 26 it was a record close for the s p 500 and thats its first since august 7th the dow closed at a onemonth high take a look at whats been happening in europe this morning. The gains we saw yesterday as concerns about irma faded a bit and, again, some concerns about north korea not quite as potent as they had been as we headed into the weekend this mo...

Positive as they await for more details of that Balance Sheet wind down. They have been flirting with losses at different points today. The dow is a little stronger here. Today, nore any gains matter how small, we could have new records for the major averages. Telecommute occasions are helping things. Telecom shares are the strongest. Sprint and tmobile are making a progress towards some sort of combination, but financials have also been consistently gaining as we see Interest Rates rise going i...

And pays out 60 of it earnings through difficult depds and has bought back stock on what people think are attractive prices. This does not sound like a company that need your help. Its a Great Company and a great business and the stock has done great for a long period of time the issue for shareholders is not how well the company has done over the past and how well it will do in the future bottom line is adp has underperformed relative to potential. Youre judged relative to your potential, not r...

Look across the pond its a mixed pictures over there. The tenyear note yield. We have some employment data, there is the 232 our road map starts with wall streets record run. U. S. Stock futures pointing to a higher open, the s p at its longe streak of records now in 20 years. Plus delivery wars u. P. S. And fedex shares are following on reports that amazon is testing its own Delivery Service. And bill ackman rumphing up his push for changes at adp, well hear why he thinking that company could b...

Slide. The hang seng was up by 3 4 of a percentage point shanghai stocks closed down by 1 3 of a percentage point in japan, the nikkei higher once again. Another 100 points gain of half a percentage point. Trading at 21,255. In europe there is early trading taking place there are modest advances. It looks like the dax is the biggest gainer well continue to keep an eye on that. Were watching a developing story in the oil market. Crude and brent, they are moving higher on news that iraqi troops ha...

Continued to remain subdued. The beige book gave us perhaps a hint of one explanation for why that is. In cases where there is Wage Inflation or higher input costs, the firms say, and materials, a law firms are still reluctant to pass that on. It is a very interesting line from beige book. Several districts noted increased manufacturing input costs, but in most cases, these werent passed through to selling prices. That underscores a theme weve seen for some time now, where companies in the u. S....

Thise about 30 into session. This is only the worst session in a little more than a months time for the major averages here in the u. S. Recordid, we have seen after record recently. This is a little bit of a switch in sentiment, certainly, if nothing else. Also, as we have been talking about with the anniversary of black monday, that is something a lot of traders are talking about and thinking about, and if you have not checked out our oral history on bloomberg. Com of that day, it is a fascina...

Week look at what happened overnight in asia. The nikkei eking out another gain a gain of 9 points, but thats the 14th day in a row that weve been looking at gains for the nikkei these are the highest levels weve seen in 21 years nikkei closing at 21,457 the hang seng with a gain of 1. 17 . And the shanghai up by 0. 28 the dax is up, the cac in france is up by 0. 21 spain is up, but just barely look at crude oil snapped a fourday winning streak. It is still above 50s a b s a on the wall street a...

You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normaliza...