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After china said the trade negotiators reached consensus on certain issues. We stay real estate and Consumer Discretionary leading the gains on the s p 500. Drugmakers are losing ground. Hitting session lows. This after a report that federal prosecutors part of a criminal investigation into whether pharmaceutical Companies Intentionally let opioids like communities. All of them the most since august. Falling the most since august. Amanda one read on the economy that could be a good sign ahead of the shopping season, new home sales running at the fastest pace in about 12 years. Data from the Commerce Department from october showing on an annualized basis, 733,000 new homes sold. That is the fastest pace since prior to the credit crisis. Obviously, we have low mortgage also sentiment. Even though we g ....
This hour. These are modest declines. Dow down 71 points. S p futures off 11. Nasdaq down by 44. At this point, the dow is on track for its fourth negative week in the last five and that is because of the treasury yields. They have been pushing higher and higher. The tenyear yield is 4. 95 . In fact, it did cross that 5 line that we were watching. Hovering at 5 . Yesterday, just after 5 00 p. M. , the tenyear yield hit the 5 level briefly. The last time we hit that level was july of 2007. Yesterdays move cameafter fed chairman pojay powell spoke and kept the door open to more rate hikes. We have models for everything and formulas for everything. We have to be focused on what the economy is telling us. Even taking lags into account. What is it telling us . Does it feel like policy is too tight right now . I would have to say no sdp. We will talk about rates and more with Raphael Bostic. Until recently, bostic has said were done. Ja ....
Yesterday you saw the nikkei ended that 16 session winning streak this morning stocks are closed higher the nikkei was up by 32 points to 21,739. Hang seng down by a third. The shanghai was up by a third of a percentage point. The early trading in europe, things are in the green across the board. Gains for germany, france and london up by a third stocks in italy and spain also higher treasury yields, check this out, yields at 2. 43 . Crude oil prices which have been above 50 comfortably for quite some time are now up about 8 cents. 52. 26. Here are the big stories were watching new comments out this morning from the saudi crown prince. He says the aramco ipo will take place next year and valuation of the company could top 2 trillion the crown prince said saudi arabia is working with all Oil Producers to rebalance the global oil market. On the wall street agenda, weekly jobless claims out at 8 30 a. M. Eastern, followed by september ....
The Company Needs to do to keep the stock soaring. We start off with netflix. That stock is taking off after hours to an alltime high after crushing earnings expectations for subscribers growth lets get to Julia Boorstin for the latest details. Reporter melissa, netflixs investment in original on tent is paying off driving the company to beat on the top line and with that all important subscriber number. Netflix added a total of 5. 2 million new subscribers in the Second Quarter thats 2 million more than the Company Projected in whats a seasonally, usually a seasonally slow quarter the companys also projects better than expected growth in the Third Quarter as well. Saying it expects 4. 4 million new subscriber ....
Large kenmore appliances outside its on stores on you guessed it, amazon. It will also sell some smart appliances that will respond to voice commands through amazons alexa or echo device. The dole is a gamble. It might leave sears stores traffic, but could u inject new life into the kenmore brand. Sears s the deal sparked a rally in shares of the Iconic Department store. Sears stock up 10 . But it also knocked the wind out of other companies that sell appliances. Like home depot, lowes and whirlpool. Courtney reagan has more. Its already been an active year for sears. Most of it hasnt been good, but todays announcement the 124yearold retailer will begin selling its kenmore products on amazon. Com sent sears stocks soaring. Its also integrated alexa into kenmores smart appliances, so consumers can say alexa, turn off the air conditioner. Sears home service will still deliver and instahl, but on amazon. Com. A blog post, sears ce ....