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Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like ....
Operation twist, where we just had a liquidity dynamics last time i was on we talked about Earnings Growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so were this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. So if you think about when those rallies stalled out after qe2, that was the point where everyone realized all that liquidity didnt really boost earnings all that much and by then stock prices were ahead of fundamentals but between now and then, i think that the path of least resistance is still higher lets take a quick look at treasury yields. The fed operations is a large part of why. The ten year is yielding 1. 73 and meanwhile Chinese State media, remember on sunday the pro democracy candidate scoring a landslide victory winning almost 90 of the dis ....
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov ....
Day, gmm , look at the color, equities down for a fifth day of declines for european equities, the worst since november. Stoxx 600 down by its biggest amount since november 9. On track to fall for a second week and the biggest weekly drop since 2016. To put it in perspective, the dax has given up all its gains for the year, up 5 through january 23 and today down 1. 5 . Currencies getting hammered against the dollar in the wake of the strong jobs report. Look at bond yields across europe, the german 10 year yield at the highest since september of 2015. Are falling with bond insurance is your final column on the wonderful gmm function. It is all about the markets, big news on the corporate front, astrazeneca says annual revenue will rise for the first time in four years. They releases a flock of new products from cancer, asthma, and other disorders, their chief executive working to transform the company into a Drug Development pow ....
Now. We have spent enormous amount of time with democrats and republicans talking about our infrastructure plan. Money in the budget. We have a plan that we are confident will work. The president money in the budg. Will announce it over the course of february. We do think infrastructure is important. Lets get some details. Give me some color. Is that something you would support . Gary we have three key principles. We are going to invest a trillion and a half dollars. The approval process is the most important aspect of our infrastructure plan. We have to shorten the approval process to under two years. We have to take care of overall communities. You get it passed before midterms . Gary we think we have a good chance. We have been meeting with republicans. It has to be a bipartisan plan. We have momentum. Everyone is excited. We know how important it is. It is going to affect every american citizen. It polls at 84 positive. Everyone is excited except for the treasury people. Jon the fi ....