The value of all publiclytraded stocks has gone up by 10 trillion in the last 122 months. That is a Wealth Creation machine like no other, and theres no pullback this morning. The dow can, its getting close to 40,000, real close actually, its going to be not much change to start the day. Same with the s p and the nasdaq is up a point. A tiny bit of green after yesterdays record closes. As for Interest Rates, well, theyre staying at lower levels. Well start with the 10year treasury, youre down to 4. 35 this morning and the 2career, thats a long way below 5 , 4. 77 right now. Bitcoin on the upside today, 66,000. Gold Holding Around 2300, 2400, 2383, to be precise. Oil still below 80 a barrel, 79. 34. No change for gas. Regular, 3. 60. Diesel is down one cent, 3. 92. Politics. The new fox Poll Shows Trump Holding a narrow lead overall, but he has a growing lead with key voting groups. Blacks, hispanic, suburban women and moderates. More detail emerging about the two candidates the two deb
Poised potentially for of for the week of losses. In the bond market, the epicenter of the headlines. 170 is the estimate on wall street. Tom we will conflate a lot of economic talk. My major message is that the market still matter. It will be fascinating to see the reaction to the jobs report. Is a good news or bad news later this morning . Tom you know how much i hate that. I get confused by it. Employment is a big deal. 170 is a generous number and the Unemployment Rate matters. Jonathan lisa, adp was bad news. Lisa if you look at the revisions they have revised upwards. Their expectation is that the whisper number is 170,000. At what point is not good news but not too bad that means economic armageddon. They are waiting for something to break the cycle. Even though we have some common markets but they are still at 4. 7 . Jonathan there is a question in a program that was what is nobody asking you about . 2024. How bizarre is that . Its weird that we just need to get through the Fou
Weve got United Health, bank of america, Morgan Stanley, Johnson Johnson also beating on the bottom line, although different reactions in the markets. Sara eisen sits down to ecb president , Christine Lagarde discussing inflation, Interest Rates and where the central bank is diverging from the fed when it comes to rate policy. Stocks look to rebound again, similar picture in terms of the premarket yesterday. We know how beholding the market is to some of these headlines. For sure. The yields are basically still pushing higher at a pretty moderate pace, but in service of the pain threshold for stocks and the economy, this has been a similar backdrop to what we had late last year except with the economy in more secure footing it seems. We basically unwound this idea, you can have the eem mat lack disinflation, talking about the economy almost in overheat mode. What have we done or accomplished in the markets so far in april . That long streak of no 2 dips in the s p, thats over. One of t
Colorado. The bank of colorado, which has a significant presence in the western slopes and four corners region. After the passage of the tax cut , there will be a positive effect on the growth of businesses and our local economy. Added a of colorado special bonus at the end of the year for all 641 of their associates in colorado and new mexico. They will be receiving 1000 in terms of a bonus and parttime associates will be receiving 250 to 500. In my part of the country, that is real money. That is how we pay a mortgage, how we pay for the electric bill , how we provide for our children. To be able to boost those opportunities is helping main street right now. Actions of colorados provide an example for us in terms of new possibilities in the current economy and looking forward. What i would like to be able to speak to you on, in my state of colorado, theres a tale of two economies. Urban colorado has been doing well. There unemployment is down. However, we move into rural colorado, we
Jobs act in colorado. The banks of colorado, which has significant presence in the western slopes of colorado, four Corners Region that i represent wrote me after passage of the tax cut and jobs act they anticipate the passage of the reform is going to be having a positive effect on the growth of their businesses an our local economy. In fact the bank of colorado added a special bonus at the end of the year for all 641 of their associates in colorado and new mexico. Theyre going to be receiving 1000 in terms of a bonus and parttime associates will receive 250 to 500. Mr. Chairman, in my part of the country thats real money. It is not a crumb. How we pay a mortgage. How we pay for the electric bill. How we provide literally for our children. To be able to boost hose opportunities for those employees it is actually helping main street right now. The bank of colorados actions i think provide an example for news terms of new possibilities that exist in the current economy and also looking