Live Breaking News & Updates on Angie Homeservices
Stay updated with breaking news from Angie homeservices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th ....
The New York Stock Exchange and as i said, countdown to the closing bell is not going to take any breaks and that decision is made because we are watching a mighty tumble and struggle here. Folks, its a very fastmoving one. Dow and s p 500 are on track for their worst week since january of 2016. Tech and financials are pretty much the hardest hit fears of inflation and of course higher Interest Rates rearing their heads once again. Let me start with Interest Rates the rising 10 year treasury yield started the whole thing last friday when we lost 666 points on the dow and by the way were down 600 right now. Intraday, today, the 10 year treasury yield briefly revisited the four year high of 2. 88 that it had hit remember this early monday sort of overnight before many of you were awake. That sparked an 1100 point ....
Julie hyman is here. Point,osses, at one would not have been major, but given what we have seen the last two months, this is a drop. Julie hyman we have seen selling spread across the globe. First of all that was a situation in japan that unsettled investors. The nikkei rising more than 1 , plunging more than 1 , then finishing down just. 2 . Selling in europe, perhaps having more to do with earnings. There is concern about inflation around the globe and the tax debate in the united states. All of that combining to equal the declines that we have been seeing, the steepest here among the three major averages for the nasdaq. Lets put this in perspective we have the s p 500s daily percentage change at one point today down about. 5 for the s p, which you see over there. It was the biggest declines. The first time we have seen a decline of half a percent or more going back to december 5. Streakuld be the longest without that magnitude of a drop since 1968. It has been unusual, that is why a ....