The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
I know were out of time but could you address the question with you would take a fresh look in terms of fbi regulations about other parts of market coverage . Thank you for your letter which i read last night and i agree with you that we need to look at those other important venues in our equity market system to see if they should be reporting on the same basis and as you raised in your letter, whether the public has enough information about which entities are subject . Important we get the information out because responsible entities can vote and move to areas that have this minimum protection in place. Rounds. Good morning. Some of my colleagues have raised the issue of cyberattack, the Electronic System filing corporate disclosures. This incident occurred before your nomination and confirmation but i would like to hear your thoughts on what this incident might suggest about broader posture regarding cybersecurity. It is difficult for any one agency to protect against these intrusion
Cspan2. The chair of the securities and Exchange Commission, jay clayton, testifies about s. E. C. Priorities and the agenda including a data breach last year. Also the recent equifax data breach which affected 143 million americans. The Senate Banking Committee Held this hearing last week. Today we will receive testimony from securities and Exchange Commission chairman jay clayton regarding the work and the agenda of the s. E. C. Thank you mr. Chairman for attending here today. Oversight of the s. E. C. Is critical function of this committee. The s. E. C. Has an important threepart mission to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. No one part of this mission is more important than the other. The s. E. C. Increases transparency and trust in the u. S. Stock market providing investors with the Material Information they need to make informed Investment Decisions. It also helps investors participate in our markets on a fair footing
Behavior by President Trump is the reason behind this decision. The white house was quick to respond. The president is focused as he went to the hill and met with republican senators to talk about tax reform that pushes legislative agendas of others that these individuals they are speaking and pretty loud volumes i think that they were not likely to be reelected and i think it shows that the support is more behind the president and it is the two individuals. Maria decisions come as the gop pushes for tax reform. The commanderinchief of made a decision on capitol hill yesterday to rally the party to get this done. Speaker of the house paul ryan also waited insisting intentions would not hurt the effort. And im hooked on wall street among the top names today. Going in cocacola today. We will bring you the analysis of numbers and tell you how they impact markets. Markets are flat right now. Features indicating a flat opening or dow industrials down for point. As you see there in europe, t
Maria welcome back to wall street week. Im maria bartiromo. The country is committing to the future and making a major investment. The Public Investment fund contributed 25 billion to the black stone group which could be the largest Infrastructure Fund. They are calling it the largest Infrastructure Fund ever. I talked with black stones ceo about that fund and the need to improve infrastructure across the world. We announced we are planning on raising a 40 billion fund. We cant comment on fundraising because sec makes us unable to do that. But the purpose of the fund is to put most of of its money in the United States. And there are different times of infrastructure that we could be facilitating. It could be the youth at some point will be making improvements in terms of approvals to do infrastructure prongs. When the government is building things. Anything that touches a government in the United States takes somewhere between 10 and 15 years to get approved on average. If you are doin