Optionality. It is hard to see with the positive category is for markets today. This is bloomberg surveillance. Manus live from new york city this morning, for our audience worldwide, this is bloomberg surveillance alongside tom keene and lisa abramowicz, im jonathan ferro. Builds up, stocks down in the fx market. Tk, eurodollar, 105. Tom you go wow when you see a number move. I did a hat trick. It is wow wednesday across assets. Where do i begin . I begin with the real yield and the effect on the fx market. I never thought i would see this this quickly. Lisa are people getting a little over there skis here . There was two outcomes. Where was the base case of a consumer that was running out of money and potential for a recession . It seems to be off the table and some of the expectations even as we see signs of true weakness. Jonathan melted in terms of the objective of what this Federal Reserve is. I think we are at that point where we are starting to fully internalize this high for l
Ruled the mornings around here, each time i cohosted, introduce me as reverend jim bob cramer from the church of whats happening now. Fun back then. Everybody running personal hedge fund understanding that stock could be here today and gone tomorrow. Everybody was fine with it those days are long over if you recommend a stock for trade, say buy it today for analysts meeting and sell tomorrow, always will be a Youtube Video kicking around that shows you liked the stock, never gave the sell call weve gone beyond that taking it to the next level. Introducing you to the concept of suitability what stocks fit you, what investments are right for you, not today or this month but age and temperament. First heard of in Goldman Sachs. Buying for myself and individuals for half a decade before that. Watching Financial News network between classes at Harvard Law School predecessor to cnbc. Had Research Reports about stocks on a catch as catch can basis. Nostalgic to look back at what i would do af
What a way to end the week. It was a melt up into the closing bell, which drove stocks to alltime highs. The s p 500 had its best day since march, lifted by continued optimism that Economic Growth around the world is on an upswing and a new batch of strong earnings. Of the s p 500 companies that have reported profits so far, 80 have topped expectations. Today shares of intel helped lead the way with a double digit gain following its Strong Quarter that we told you about last night. Here are the closing numbers. The Dow Jones Industrial average rose 223 pints to finish at 26,616. The nasdaq climgd 94. And the s p 500 added 33. For the week, all of the indexes saw gains of more than 2 . The rising stock market was not lost on President Trump when he addressed attendees at the World Economic forum in davos switzerland. He talked about the economy, and growth, and in a widely anticipated and high stakes speech told investors and ceos across the globe that america is open for business. Mish
Started, last friday we had the talk of inflationary pressures in the jobs report had people worried including the sky. The market was down 666 and you started to think about a new environment that might include inflation Rising Interest Rates and we got the week ending up back to monday. Thats when we saw the word volatility really spike to the top of your word search and people not only had volatility but they were betting against it. Those bets became unwound in these comp located Financial Products that neil has talked about so much that were created after the crisis and i got ugly as those anti volatility bats were unwound. Wednesday the volatility, the upanddown was still there but the market was down by only 19 points on the dow at the of today. Yesterday was interesting. People on wall street said a lot of people lost money in the portfolio because none of their trades were wor working. We were down a 18 in 2008. We ended where we are will probably have our worst we can the dow
Commissioner bridges has indicated she is on her way. Commissioner driscoll. Commissioner makras will not be present. Commissioner meiberger is out of the country. Commissioner paskin jordan. Present mpt commissioner stansbury item 3 general Public Comment. Thank you. Speak into the m ic. Sorry i couldnt help myself, you always say it, i had to say it to you. [inaudible] good afternoon commissioners. Im patrick [inaudible]. Executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. Mrs. [inaudible] noted the proposal doesnt meet guidelines. Commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. Loan obligations and a finding Credit Ratings to individual securities noting they go hand in hend hand with a potential [inaudi