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The special ops are in brazil. Larger military units on stand by. Global news 24 hours a day powered by more than 2,600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg, bloomberg west is next. Emily im emily chang, this is bloomberg west. Coming up the nasdaq and s p 500 end the week with an flourish, both ending at an alltime high. Well break down the numbers and the historic day. Last year shattered all of the records for deals in the tech sector. How does 2016 stack up . And tesla putting a dollar figure saying the cost may exceed expectations. Well tackle the unforeseen challenges ahead. To our lead. U. S. Stocks jumped the nasdaq and s p 500 both hitting alltime highs after the government reported better than expected jobs data for the second straight month. The private and Public Sector added 255,000 new jobs in july including coveted highpaying tech jobs, wages also showing solid gain ....
Stunningly, an american who served in afghanistan. This is what we know right now. Authorities have identified mica johnson as the sniper who pulled off the worst attack on Law Enforcement since the 9 11 terror attacks. Thats him on your screen. At this moment, police are searching the home of the 25yearold. He lived in a dallas suburb, heres an aerial shot. Investigators coming in, going out of the house, he and three accomplices, one a female, coldly picked off Police Officers during a peaceful black lives matter protest last night. Authorities say johnson told them, as they were trying negotiate, he targeted police. Thats him. As you see in the highlighted area. Calmly leaning behind a pillar and taking shots at police out of, quote, revenge for two killings of black men by police this week. You see him in the spotlight as you see firing away, he eventually after negotia ....
Stocks that lead us higher for the last few years, no longer in charge. This time buyers are swarming over the banks. Thats right, the banks. Why . Because last week in jackson hole we learned we could be facing not just one rate hike but two this year. Not only did janet yellen tell us that a rate hike could be on the table, but vice chair Steven Fisher said there might be time for more than one rate hike in a sht now who benefits from rapid rate hikes . Who makes the most money . The banks. They can take your deposits and invest them risk free at the higher rates that the fed controls and the risk share automatically goes up. And thats why bank of america is definitively breaking out at last. Thats why the stock of wells thats a gigantic move. Thats why j. P. Morgan lost lustre. Do not ignore this move in the financials. The fed is telling you its going to happen. And if we get a strong employment number, watch out for the banks. ....
So in a day when the dow gained 108 points, lets go through what the market is really saying. First translation, the same stocks that lead us higher for the last few years, no longer in charge. This time buyers are swarming over the banks. Thats right, the banks. Why . Because last week in jackson hole we learned we could be facing not just one rate hike but two this year. Not only did janet yellen tell us that a rate hike could be on the table, but vice chair Steven Fisher said there might be time for more than one rate hike in a short period of time. Now who benefits from rapid rate hikes . Who makes the most money . The banks. They can take your deposits and invest them risk free at the higher rates that the fed controls and the risk share ought mautomatically goes up. And thats why bank of america is definitively breaking out at last. Thats why the stock of wells fargo actually roared today, up more than 2 . Thats a gigantic mo ....
Stocks that lead us higher for the last few years, no longer in charge. This time buyers are swarming over the banks. Thats right, the banks. Why . Because last week in jackson hole we learned we could be facing not just one rate hike but two this year. Not only did janet yellen tell us that a rate hike could be on the table, but vice chair Steven Fisher said there might be time for more than one rate hike in a shpe now who benefits from rapid rate hikes . Who makes the most money . The banks. They can take your deposits and invest them risk free at the higher rates that the fed controls and the risk share automatically goes up. And thats why bank of america is definitively breaking out at last. Thats why the stock of wells thats a gigantic move. Thats why j. P. Morgan lost lustre. Do not ignore this move in the financials. The fed is telling you its going to happen. And if we get a strong employment number, watch out for the banks ....