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A quarterly beat despite increasing costs Berkshire Hathaway including d. R. Horton and lennar weve gotten another warning from fitch, this time the Rating Agency telling cnbc it may be set to downgrade dozens of banks that could include jpmorgan chase. Lets begin with the markets. A lot of credit card data said retail was going to come in strong here. Look, the fed has tightened we know that i dont want a big jackson hole boom, but the economy the consumer is strong the enterprise is strong the weakness is, what, in trucking, in some really bad retailers . David, at times you have to play a game where you find this weakness i need to know where theres weakness give me some weakness. China go to china, young man. China is not in america i just want to give you a little well, you didnt specify geography to be fair no. But in the absolutely china is weak. I wont give out num ....
The u. S. , waiting for the house vote ahead of that mixed day in european stocks, down for the fifth day in six with luxenberg tying germany, Denmark Germany and the netherlands with the rep stoxx ,0 and the swiss smi, forex currencies rising against the dollar with big moves in the bond market for a second day in the u. S. And eurozone. Outside the eurozone, commodities lets talk about em volatility, the best year for emerging markets stock since 2009 draws to a close and investors experiencing more than just a 31 return with. Olatility staging a comeback price swings on the msci index declined to a oneyear high. Turbulence in the development of equities has dropped. Analysts warned that shares in the developing world do little more than tread water in a year as Earnings Growth set to slow as Risk Appetite will likely ....
In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea ....