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Only up a point. The 10year yield at 51 basis points. Jersey talking about a range of 40 and 80 for the next two months. Now that we have broken through 54, he says that was an important level. Ralph lauren, one of the stories of the day. That stock down 6. 25 . Argentina has reached an agreement in principle with a key group of creditors to restructure 65 billion worth of debt, after a third default this century, the ninth overall. Robert koenigsberger, cio of gramercy funds, who had a seat at the table, joins us now. Headlines crossing about half an hour ago saying there was an agreement in principle. Few to us about the last hours, couple of days, how it all materialized. Robert good afternoon and thank you for having me. April, itoke last in seemed like an agreement would be too difficult, that the two sides were too far apart and with hardened positions. Over the past couple of months, obviously, past couple of days, those positions became less hardened, and logic prevailed. Winwi ....
Session highs. Julie moving north but not much north. Not much change in the overall averages. It is indeed a better than it was earlier. It is an individual stock story today. I wanted to look at some of the biggest pushes and pulls that we are seeing. First of all, the stocks that are helping the s p 500. Jpmorgan rising for the second day, bank of America Rising despite the fact that earnings missed estimates as the company cut more expenses. Is sounds like the ceo willing to cut more costs in order to preserve profits. That appears to be what is driving shares higher. Exxon mobil is doing well and citigroup is out tomorrow and is also higher. On the downside today, we do have ca coming out with preliminary earnings. By 19 hares are plunging and it looks like we have a typo on the last one but intel is declining. They said they are not optimistic about the earnings there and i take it we have breaking news . Alix yes, for micro ....
Better than expected results giving a boost. A few Percentage Points away from an alltime high. A remarkable move today. Overseas rally started with the shanghai composite, a pretty good importexport data out of china for march. The shanghai composite had its best close since january. It is up 15 from the lows that month. Over to europe, a monster rally of european banks, the highest level since 2011, a tiein banks leading the way for a third day, and that rally spread to u. S. Stocks, also boosted by banks and j. P. Morgan earnings. Points, so adding 18 into ainspired rally bank rally in the u. S. Joe you might think yields will jump up, but not the case, only a minor gain on the twoyear, a takedown on the yield on the 10 year. When not that great, more on that later. Inflation pressures still not there. Have a big risk on day, there does not seem to be anthing in the data accelerated pace of rate hikes, and as a result the yi ....
The direction alone doesnt tell us much about what his objective is here but poncho pass does tell us something. This is the view that pike would have from his Christmas Day camp and for several days before and after. Poncho pass is a low spot in the mountains a little bit to the southwest of the city of saliva and if pike looked south he would have found it very inviting place to cross the mountains. His mission is to get to santa fe. This is as good a place as any to try and do it. If he stands in the same spot and looks to the left he is going to see the high peaks of the northern end of the Crystal Mountains and he will realize if i want to cross its never going to get any better than this so he doesnt. He continues downstream which is exactly the behavior somebody who believed he was on the red river and intending to head home. Decides to cross this andres there would ....
Risking their lives instead of staying at home on the ohio river and risking their lives a little bit less. So pike makes the same request of congress. He forged letters from jefferson and dearborn and secretary of state James Madison and things like that in congress, the committee reviewing the request votes in favor of granting him this but by this point the expedition is inextricable from the politics dividing congress over jefferson and burr and wilkinson in general and Congress Never votes. My guess, there is no record of why they dont vote. No one made the decision not to vote but the last evidence we have in the congressional record as of the Committee Voting to bring it to a vote on the floor and then it just disappears until the 1840s when we have a comments by his widow clara who is requesting that the reward ....