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What they are doing. They are also pouring back a lot of you folks, you saw davos the other day, they are coming back. I believe i brought hundreds of millions of dollars with me back from europe, back from switzerland when i went there the other day to make a speech. I was so excited about this country and what is happening here, and they would never, ever have come. In fact, if the opposing party had won the election, you would have had tremendous new rules and regulations put on thingsing, and other would have happened. Instead of going up almost 50 , your stock market, in my opinion, would have gone down 50 . I really believe that, because they were stifling it. They were getting prepared to stifle even worse than it was. The changes to our business tax alone are expected to raise byrage Household Income 4000. Roughly 3 million workers have already received tax cut bonuses and raises totaling thousands and thousands of dolla ....
Seeing across Asset Classes that are seeing the stocks lower. It is the biggest oneday goinge for the s p 500 back to august. We saw that earlier in the week as well, and we are also seeing simultaneous at least 1 decline for each of the major averages. This has become increasingly uncommon until the past week or so, when we see volatility returned to the market. Scarlet mentioned what has happened on the week as well. As well,500 down and you have to go back to february 2016, or depending on the lowest today, maybe even january 2016 to find this kind of magnitude of a drop. It is being felt in a lot of different ways in the market today. We are watching media stocks among the groups that are selling off today. Are both trading lower, Discovery Communications as well. Analyst who covers media was on bloomberg earlier, and he says he believes the cbs ceo is reluctant ....
Would be more aggressive raising rates. That is hurting interestrate sensitive groups. The sale is also starting to other groups as well. There are some stock specific stories as well. All three major averages are selling to some extent after the big advance yesterday. Take a look at yields as we talk about whats happening in the rates market. Five basis point increase in the 10year yields. 2. 91 . Still not above the recent highs we have seen or that but still hovering around those highs from january 2014. The advance very clear when jay powell was giving his testimony. We have the market implied rateility of four increases this year. That has been increasing, now at its highest at 30 . Still only a third of a percent of a chance that it will be priced in. 34 , to be exact. Nevertheless, an increase. Some Company Specific stories we should talk about as well. They have to do with deals that may be will not be happening. America ....
Been downgraded to a Tropical Storm. It came ashore late friday northeast of Corpus Christi as a category four hurricane. It has caused catastrophic flooding in texas. A lot of people are frustrated and dont understand why we are seeing trucks unfortunately, those trucks can only go so far. And hopefully today, we will get to the rest of you. Up on us. t give none of us are going to give up. Mark the houston mayor added that nearly 6000 people have moved into city shelters. Major airports out texas in south texas has reopened. Corpus Christi International today. Service harvey made land for as a category four hurricane late friday 30 miles away. Two other major airports in the region, george bush intercontinental and houston Hobby Airport have been closed sinc ....
Economic losses of 42 billion, something not to be possible. Up 12 billion from monday. The trip follows the potentially surpassing Hurricane Katrina in 2005. Secretarygenerals meeting yesterday in jerusalemit less than 30 of harveys losses are likely to be covered by private insurance. Life flooding will continue in southeast texas, according to the governor, and he is urging residents to listen to state and local officials and spoke on radio stations in san antonio and corpus christi. Trumps 2020 Reelection Campaign urges supporters to donate to Disaster Relief efforts for Hurricane Harvey. The email urges people to help fellow americans in need. President says he hopes that the administrations response will be regarded as a model. At a briefing with te ....