Dow down about 30 points though fractional moves if you look at whats working in the trade, its not your Traditional Technology and consumer names its utilities, health care and materials. What is netflix big miss for the growth trade is this a warning shot of beloved technology darling getting too high expectation it might be tactically on the short term but i dont think long term. For you to see a true rotation out of growth into value, you actually need to see Economic Growth and acceleration and a little bit of inflation. While we are seeing improvement in growth, we still have a long way to go. Were definitely seeing the better growth. Look at retail sales, Industrial Production this week every week were Getting Better data whether it lasts or not because of the closure is a big question mark. We are seeing better growth. What we dont have is inflation. Thats what value needs to out perform growth for the time being, i think youll continue to see growth in value as i mentioned, ta
Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
Pushed the dow into negative territory for the year. Joining the russell 2000 at this point. You got the dow industrials under pretty severe pressure. The s p and nasdaq up by 10 and 25 for the year, respectively. But they have seen their gains whittled away over the last several sessions too. The vix hitting its highest level since the turmoil in the regional banks earlier this year touched at about 20. Havent seen that in a while. Gr granted this is not the serious fear factor you get into, but we had an incredibly low vix for quite a while. Youre going to see that elevation, concerns about what happens next and people asking what are the odds of a Government Shutdown come november 17th. Thats the new deadline that is there and without a speaker of the house at this point, those odds jumped significantly. You also see that playing out in the treasury market where the yields pretty much across the board hitting the highest level since 2007 once again. You got the tenyear now at 4. 815
In favor of a light touch framework that worked for decades prior to 2016. The declaratory ruling also reinstates the private mobile state ossification of mobile broad and Internet Access service and returns to the commissions definition of interconnected service that existed prior to 2015. The item restores the authority of the federal trade commission to enforce Consumer Protection and antitrust laws. It also clarifies the effects of the return to a recent protest reclassification of a Regulatory Framework, including the need to apply a federal rigorous touring approach to Information Services like broadband Internet Access service. Next, the report and order adopts a transparency rule that would require Internet Service providers to disclose information about their practices to consumers, punch partners, and other Small Businesses and the commission. Item returns to the transparency rule the Commission Adopted with certain improvements to promote transparency. It would also eliminat
Were declining again today. More on the catalyst markets moving lower guys, what do you think is causing all this, and, joy, what are you doing today . First of all, i dont think this is over in the short term if you want to be in the markets, this is clearly more of an active traders market. Apple, when you run the quantitative model, you can take apple, we all know the fundamentals are fantastic thats what ive done. Yeah. But youve seen the range expansion and the volume increase again, thats for a trade. The larger narrative is about whats going on in the marketplace right now. Its elevated volatility why is the volatility elevated i think a large component of that is the breakout window were in for corporations where they cannot do the buybacks, so that period is going to end in a couple of weeks. I dont think its over, but if you have a longer time frame, this is what everybody is talking about. Everyone wanted a market decline. Well, okay here it is finally. Its upon us. And then