23 Burst results for "Vics"
"vics" Discussed on Bloomberg Radio New York
"And then we do the vics in percentage terms as well. It makes it is ridiculous. So for people who are just tuning in now, the Del Monte Man reference is Tom's beige suit and John Farrow athletes said he looks like the Diamante man, so just to clarify if you want to do that, that's that's what we're talking when they did Google it when they have and they continue to. There's also a question. And I think that Tommy raised the point earlier not to sidestep the Dow debate, but to talk about earnings and to talk about how there's going to be decide. Stuff, Jiao debate. You know the earnings the information what's going to be more interesting to you, John the margins and whether we've gotten to peak margins. This whole idea there. Whether people are over messed are estimating or underestimating just how much the earnings growth overall is. I mean, that allowed to say both It. Can I say both of my sitting on the fence of us? Absolutely, you are. I can tell you that the likes of Jonathan Gilbert, Credit Suisse as saying. Focus on the earnings. People are saying we're still underestimating the path forward here, And I can tell you what Morgan Stanley, the focus overwhelmingly has been Focus on execution in the margins over the last quarter, At least John There's been one huge surprise. I gotta I gotta say, gooey here, Europe ascended. I mean, performed, um, where you sit? And when you read strategist, Do you suggest it as a trend and legs to it? Or was it a one off for some people believe that catch up needs to continue. Bob del. Caught up with Bob yesterday. Tom was one of those that agree with that. What surprised me, I think is not the and performance on the Eurostoxx 50. Given what's happened with cyclical so far this year, it's what did not happen in the FX market. I was looking for a stronger euro off the back of that kind of equity performance. A weaker dollar that didn't develop. Think that there is honestly I don't see how the euro could strengthen if the sort of main idea here is that the US has to tighten first. The baby is not going to tighten, tighten first, they're not going to be the first mover period full stop. So how are we going to get a stronger euro just typically when you get that cyclical upswing? Usually breach the little life into a weaker dollar story, and what's remarkable is the euro top. Dow the strongest point for the euro. The single currency this year was the first week of the year. Yeah, that And what's amazing. John is the tots had a coach them. They've got a coach now, you hard, anyone close their closer? I don't know. We haven't even talked about England, Germany yet Well, New knows More important with the tots in England..
"vics" Discussed on WGN Radio
"As measured by the vics of the CBO. We right now is up about 14% 10 Year Treasury yield has been a little lower in the early going this morning. Right now, down just a little bit at 1.568% dollars Little bit higher today. Edibles in the news Mars Wrigley Unit is suing the owners of several online shops. To stop them from selling T H c infused products like Medicated Skittles, Starburst gummies and Lifesavers. Medicated Gummies Mars, Wriggly says they're wacky Candies are a health hazard because they're almost identical looking to the original ones. And plus it's a It infringes on the trademark to Texas tea features are a lot higher today. 1.2% right now. 79 cents $65.28 per barrel. Gold is trading about $3 higher copper is right now a little bit lower at $4.53 Lumber is up 4.4% today July corn trading a little higher right now up about 17 cents per bushel. 54% of Illinois's corn crop has been planted now and that's ahead of the five year average of 49% beans, soy beans right now. 14 cents higher and wheat is trading about a nickel higher. That's your money on 7 20, WGN. And right now it is 55 degrees at O'Hare 52 on Waukegan. It is 52 degrees of Midway, 49 on the lakefront. Jordan Burn Field on Chicago's very own 7 20 WGN. Does everybody have this Cloudy? Misty, foggy crap? We got out here downtown by the lake. Looking like it. I mean, it was kind of a rough walked office this morning in the rain man alive. I mean, this is just blah. We need some sunshine. We need some 70 two's and we need it Step. Hopefully, that will be in our forecast soon enough, more really fascinating email from people who had their car dinged and what happened after that. I shared my story. Also, we'll talk to that letter Carrier Union guy about where your mail is. This is always sad and fascinating conversation. It's all coming up. This is your new home speaking. I know you haven't moved in yet, but.
Energy ETFs are surging as crude oil tops $64 a barrel
"Oil futures are having quite a day of the OPEC plus cover to countries met today and decided to leave most of their existing oil production cuts in place. And that Spike the Texas tea features up about 5% right now, $64.33 a barrel The equity markets. Meanwhile, take a turn into the red Writer on 45 minutes Go after J. Powell, the Fed chairman spoke with the exception I should say of the energy stocks. Companies like Diamondback Marathon has Chevron all up between 2.5 and 10%. But there are more losers than gainers right now. Among the activities After a Powell warned that the reopening economy could cause inflation to pick up at least temporarily. Not that he's all that worried about it. At the moment about the 10 year Treasury yield sure took a jump after that, now up at 1.5 to 6%. The S and P. 500 is down. 47 of the Dow is down to 61. But NASDAQ is down to 66. Now the NASDAQ is in the red for the year checking volatility at the at the CBO. We the vics is now up about seven. And half
"vics" Discussed on WGN Radio
"As measured by the vics of the CBO is also in the green. It's up about 4.5%. Among the stocks moving today. Energizer, the battery maker, jumped more than 4% after it beat top and bottom lines of its earnings. Westport Fuel is up more than 38%, following news that Amazon has ordered more than 1000 trucks that run on compressed natural gas for its fleet of delivery vehicles and That's the business that was sport fuels in shares of Target her up about 2% Target launched its own line of workout, clothing and exercise equipment about a year ago. Pretty good timing because two months later, the pandemic turned much of the country into Well stretchy pants wearing a remote workers all in motion, which is the name of the line that includes sports bras and sports bras, A hand weights and yoga mats has now reached about a billion dollars in sales locally, McDonald's is down 1.2% Walgreen boots is down to 3rd 7%. Caterpillar is up 1.7% as his dear. Boeing is up 1.1% and United Airlines is up 5.6%. Well. Last hour, I mentioned that Hasbro's fourth quarter earnings were big because we played a lot of board games. Yes, what else we did? During the pandemic. Shares of Hershey are up over 1%, the chocolate company said it so higher profit than revenue during the fourth quarter. That's your money on 7 20, WGN. Thanks, Steven. I'm down clipping on Chicago's very own 7 20, WGN. Gonna help the Hershey company out myself a little bit there and I tell myself if it's the dark chocolate I'm doing good for the heart. Yes. It's 12 a way to win trust business lunches right around the corner. It's always.
Amazon stock rose 2% in Wednesday's premarket
"Stepping down as CEO of Amazon, ushering in a new New time for the e commerce and tech giant equity futures. They point to a mixed opening. With the tech heavy NASDAQ leading the way in positive territory. Volatility pulls back the vics is just above. 24 right here. Treasury yields they push higher with a 10 year at 1.12% on the commodities front. Deputy I inches higher north of $55 a barrel Bitcoin. Higher once again now $36,600 per coin. Let's call it. Let's get some more color on the premarket equity trading with Bloomberg stocks editor Dave Wilson David he looking at well, since you mentioned Amazon, Paul, we must will start their shares her up 2% Aziz. The management transition begins at the online retailer basis is going to be succeeded by Andy Jassy, who runs the Cloud computer unit. Amazon Web services. Bezos will be executive chairman should point out to Amazon's fourth quarter results, beat analyst average estimates and Bloomberg survey.
"vics" Discussed on Bloomberg Radio New York
"Day. Stop this game, right? It's perfect game. Stop thinking of some people who want to stop this game. Exactly nicely. That's why I thought of it. And by the way, stop this game we should point out is the last song on the monthly song of the Day Playlist, which is up on Spotify. It's been posted to social Media, My Twitter, Facebook and Lengthen pages, So check it out. Check it out. Listen, some, you know something of the kind of list. First of all, you can listen to our weekend podcast that Tim and I did our Bloomberg Business Week weekend podcast. Then you can listen to Dave's playlist or vice ever said too little playlist that listen to our weekend podcast. Absolutely. Whatever word. You shouldn't do it, do it. There's nothing else to do on the weekends anymore. Gonna be cold this weekend to here in the East Coast. All right. Talk about your chart. Dave. You know every other that much to do with the song, but it has to do with Twitter Post I saw earlier this week from Lizzie and Sanders, the chief investment strategist, Charles Schwab. She puts up a lot of charts on Twitter, and there was one that can't presented some data, which I hadn't seen before. Now, you know, we're all familiar with the VIX index, the indicator of market volatility that's based on S and P 500 index options Well turns out that there are versions of the vics for some of the biggest companies in the S and P 500, namely amazon dot com. Apple and Google's owner alphabet, and so you know what she did She put the three together and just sort of did a comparative chart. You know, I took it a step further by averaging. Those three companies specific VIX index is and just sort of seeing how they compared more directly with the Vics that we all know and follow. And what's interesting is that you know the way that they behave. We had the big jump in the vics on Wednesday. You know what was up 62%? Well, that was a bit of catch up as it turned out, because if you were to look at these companies specific indicators, they've been moving up rather steadily for the past two months. And over that period. The average of the individual stock VIX index is if you will was up 38%. And over that same time period, the vics only rose a little more than 8%. So you know what we saw on Wednesday kind of brought things a bit more back in the line. I mean, the chart shows that you know there are periods when The vics and the company. Specific indicators move together and other times when they part company, and when they do, it's because, you know, the vics is lower, which is saying something considering hasn't been all that low by historical standards Lately. I do this to you all the time. So what do I care? Why do you care? Yeah, Think about it. You know, we've been talking about how the big companies dominate the S and P 500. For how long now? And so, you know, you've got more volatilities in some of the biggest companies than you do in the index itself, at least by this option based gates. So you know, you have to wonder if you know at some point down the line. These two measures they're gonna come back together. And perhaps that may mean more volatility for the broader market. If you want a more folks, Semini Mel get you the chart explanation. It goes with it and everything I do. Going forward. The email address is D. Wilson that Bloomberg dot net. That's D Wilson at Bloomberg dot net. Dave give us a little insight into how the sausage is made when it comes to picking the song of the day. You know, I mean, it's all matter, trying to figure out what's appropriate most the time, but literally in this case, I just thought game stop. Stop gate. Stop this game. You gotta be tricks on that was it Are you is your is your You have such an incident? Encyclopedic knowledge of music that you could just sort of. Think about this Or do you use Google? Do you use Spotify to find it? Did we lose Dave to be this now? Well, it kind of went out for a sec. He okay? Well, that's OK. We're I just went out for sex or not, Or he just rejected my question. Okay. I thought it was like I was like, you know, shouting too much light on Dave's process here. I just wonder how you do it. David, you have to Google do Spotify. You only have like 15 seconds left. Well, listen, David, keep losing, Dave. I think you know what I think it is. I think he doesn't want answer Might just want answers like Hey, listen, This is my likes, You know, in my head, he just knows it all. Just know it all had line crossing Tim Cook of Apple, writing a letter to the body administration on commending Joe Biden for his executive action on the deck Doctor program, so That's coming. Of course, this is on behalf of the Business Roundtable. All right, let's get to roll. The national news over the Nancy lines a dance Hey, Carol. The U. S will soon have another weapon in its coronavirus. Arsenal. Johnson and Johnson says it's vaccine generated strong protection against covert 19 in a late large late stage trial, it prevented 66% of moderate to severe cases and was 85% effective in preventing severe infections. Company's chief scientific officer, Paul Stokols, tells Bloomberg. The company expects to begin delivering it's one shot vaccine to the US in weeks. If approved, it will start in the month of March. A dad also with US government. We have made an agreement over this for several for 400 million vaccines to start with, I will keep up to that agreement to be able to deliver that Johnson and Johnson vaccine does not need to be stored in Extremely cold temperatures president binds pushed to reopen schools in 100 Days might fall short. Bloomberg's Amy Morris has more from Washington, the top infectious disease specialist in the U. S. Dr. Anthony Fauci told the National Education Association during a virtual event that opening all the K through eight schools may not happen, he says, there may be in his words mitigating circumstances that.
"vics" Discussed on WGN Radio
"30 a W G M Tennessee is named Josh Heiple, its new football coach. He was 28 nated. You see after the last three years to Paul, six, back to back Big East winds at home tonight against ST John's Notre Dame host Virginia Tech. And in the Big Tad, Wisconsin, it Maryland Penn State at Ohio State David it W GM Sports and now the WGN forecast Lake effect. Snow could bring a couple of inches of accumulation in Central and Southern Cook County's through mid afternoon chance for snow when they moved into northwest Indiana will keep the clouds around with highs in the upper 20. Clearing things out tonight lows of around nine degrees and mostly study on Thursday with highs in the mid twenties. Martha Cardy on Friday with a high near 30, mostly party on Saturday, could single snow in the afternoon temperatures top out the lower thirties. Light snow becomes likely here during the evening and continues overnight off the lingering into our Sunday especially the morning hours. It's gonna be cloudy and breezy with highs, then in the mid thirties from the WGN Weather Center, a meteorologist My chances Your money on WGN here. Steve Alexander. Are you ill or in the downtown office situation just got tougher, and it was already in bad shape with the vacancy rate at 18% according to see our baby. That's the highest in about 14 years. Danny Ecker at Crane's reports this morning that United Airlines is giving back at least three floors of its Willis Tower headquarters. United has about 30% fewer workers than before Co Vered at least 2500 of those air white collar jobs that are likely gone for good Wall Street markets are still lower, but they've come back quite a bit. The Dow was down over 500 points. Now it's only down about 300 S and P 500 down 43 of the NASDAQ's Down 100 Russell two Thousands off about 20 volatility is measured by the vics of the CBO. We Is up about 15% traders are focused on after the closing bell earnings reports coming from Apple, Tesla and Facebook and also what one o'clock today. The Federal Open Market Committee is ending its two day meeting, and it is expected that Fed chair Jay Powell Will assure investors that the central bank is not going to be doing any tapering of asset purchases anytime soon. And when it does happen, it will be related to inflation. Rosalind Brewer is getting a warm welcome from investors at Walgreens shares have been up over 5%. Today she's leaving Starbucks become the CEO of Walgreens boots. Mr. Brewer is a retail vet with a reputation for investing in digital operations. Before Starbucks. She was the head of Sam's Club. And before that, she worked at Kimberly Clark, and she started there as a chemist. Commodities. Crude oil is 49. Cents higher.
"vics" Discussed on WBZ NewsRadio 1030
"Radio. 1 43 back to the roads. Kevin is here with the updated Subaru retailers of New England All will drive traffic on the threes, Kevin. All right, Laurie, watching the situation here in Charles Town. Got that worker on Cambridge streets. Got you down with one lane here getting into that Sullivan Square Rotary. This is backing up that 93 North bound ramp to exit 28 Sullivan Square. So be careful of that. Mainline itself seems to be moving well on 93 north bound up through Medford and Stone him downtown Boston. Lower decks. Take umbrage. Okay, as is that lever connector in either direction. Outbound Tobin Bridge. In fact, both directions of rue one here on the Chelsea side. You're down with one lane in each direction for lying. Painting work today south of town on the expressway South bound. Not too bad yet coming down through Savin Hill on your way down to Braintree. They're expected to open up that H O V lane a two o'clock this afternoon for the upcoming holiday weekend. On the expressway North bound delays here before granted avenue getting up through Neponset. You back up to speed soon after the gas tank getting up into the O'Neill tunnel, this report sponsored by his equal pure disease, You have to be up in five hours, two hours and you haven't slept vics equal. Pure disease is a drug free blend of botanicals with an optimal dose of melatonin that helps you fall asleep naturally and wake with no next day grogginess. Is equal. Pure Z's naturally superior sleep. Kevin Brennan, wbz s traffic on the three in the forties were seeing some light rain in the area right now, especially along the coast. Even some snow flurries in central and western Massachusetts, but dry tonight and tonight.
"vics" Discussed on WBZ NewsRadio 1030
"Here's Kevin All right to call couple problems south of town. The expressway South bound. You're looking pretty good. Massa have down through savin hill. But then you're tied up here for Furnace Brook Parkway to were right lane Medical emergency here Right at the Braintree Split North found you got a nice ride up past Columbia Road and into the O'Neill. Tunnel Roots. 3 24 95 no reported problems, But you got some wet roadways farther south from the South Shore south coast due to some on and off again, rain and some even snow showers as well. Over in Walpole portion of School Street is closed for pretty serious crash here between Maple Street and Norton Avenue. Detours are set up around that area, but do expect some delays. Mass pikes and ice ride out past 1 28 and 4 95 route to westbound tap of the breaks through these work crews After 1 10 1 11 in Harvard and 93 North bound, leaving the city got some heavy exiting delays here to exit 28. That's that ramp to Sullivan Square. This is due to workers down on Cambridge Street has it down to one lane in each direction. This report is sponsored by his equal Pure Z's. You have to be up in five hours, two hours, and you haven't slept vics equal. Pure zis is a drug free blend of botanicals with an optimal dose of melatonin that helps you fall asleep naturally and wake with no next day grogginess is equal. Pure Z's natural superior sleep. Kevin Brennan WBC's traffic on the threes. Well, it's wet out there in southeastern Massachusetts. Right now, we still have those showers and In some places, seeing some heavy downpours popping up along the South shore. Parts of Plymouth and car bring Kingston really getting drenched right now, because we have this storm sitting off the coast, it's spinning and it's not going anywhere fast. So it's throwing a bunch of.
"vics" Discussed on Bloomberg Radio New York
"This out. Great conversation folks on Eurasia Group's top wrists of 2021, including Daniel Jurgen. On oil was just mesmerizing. My book of the Year is the new map by Daniel Jurgen. And I'm thrilled that he participated in to hear from Joe Kennedy. Of course, this is a young young Joe Kennedy up against senator Market. That was really good morning, Boston one of 61 after him. Joe Kennedy was on fire as Paul Sweeney. I can't believe I'm saying this about a Kennedy About a rumor. Ah, former congressman exactly right, So it's itching to see what's going on in New England. Always a fascinating kind of pay attention. Now, I told him fix the Red Sox and, you know, you know a lot of work to do. There was a little work project. Maybe you'll do that right now, with their news in New York City is Michael Barr. Tom Paul. Thank you very much. A phone call this weekend between President Trump and George's secretary of state demanding a vote recount is sparking new controversy of the president's response to the election results. George's Republican secretary of state, says state election officials have debunked every theory of election fraud in Georgia. But President Trump continues to believe the rumors speaking to ABC is Good Morning America today. Brad Rapids, Berger says he found it inappropriate. The president was requesting to speak with them during an ongoing election lawsuit with his campaign. I just preferred not to talk to someone over in litigation. We let the lawyers family, but we took the call, and we had a conversation. In a recording of a call obtained by Bloomberg President. Trump is pushing Rapids Burger to find almost 12,000 additional votes to overtake President elect Biden. Today, The president will head to Georgia to help the GOP Senate candidates in tomorrow's runoff election. You can hear live coverage of the election on Bloomberg Radio and TV starting at 7 P.m. Wall Street time. Federal officials. They tens of millions of doses of the cove in 19 vaccine have been distributed, but there have been snags and getting those doses in the arms of people in the first priority groups. Long lines have been popping up all over. Florida and state officials have said they don't have enough doses to inoculate all health care workers or nursing home residents. Health and Human Services Secretary Alex Cesar says though the vaccine rollout is going as smoothly as it can what we said our goal was was actually to have 20 million first doses available in the month of December. Those are available, but there's a lag between doses being available than being ordered by the providers in the states. Iranian state television has acknowledged that Iran seized the South Korean flag oil tanker in the Strait of REMOVES the semiofficial Fars news agency said that Iran's Revolutionary Guards, naval forces seized the ship. Live from the Bloomberg Interactive Brokers. Studios. This is global news. 24 hours a day on air and on Bloomberg. Quick. Take power by more than 2700 journalists. An analyst on more than 120 countries. I'm Michel Bar. This is Bloomberg. Tom Paul Michael Barr. Thanks so much fishers of 13 down features of one of four not his elevated his earlier. I'm watching the vics ups was really smart this morning on Vics Dynamics. The vics are to be like in the 19 level, Paul. It's not. It's in our angst filled level. Yeah, we haven't seen that time We've seen the kind of hovering here between 22 23 24. Around that level, not just to me goes.
Stocks close lower Tuesday, backing off record highs
"Ves and P Nez Stack off session lows but red on the screen. It is the down Tuesday. Let's head right over to the first word breaking news desk. Poor Today's afternoon call, and here she is crazy Gupta. Good afternoon. Charlie. Stocks Trading Lower Head of the clothes. The Dow's down 43 of the recipe down five. The NASDAQ Down 44 US 10 Year yield at 93 Basis Points and Gold trading higher by five small caps down 2% with eight out of the main 11 S and P sectors trading lower that price action led by gains and consumer, discretionary and health care stocks. Real estate in industrials leading On the downside, the NASDAQ biotechs falling 61 points. Transports losing 94. Sami's down eight. The vics out of 23 handle with WTI crude futures up 9/10 of 1% on the day. Looking under the hood, though Charlie in the S and P. 500, Amazon and Intel leading those games with Apple and papal on the downside wrapping things up. It's a low volume, light liquidity kind of day, all eyes on Washington. And what's next for that $2000 stimulus track proposal as well? Is that Senate race In Georgia
Stock market turbulence could last until the election
"Now it's going to check on the markets. Joining us now is Abigail Doolittle. So when I looked at literally looked like people Buying from which everything have ago. Yeah, real risk on day here at least relative to stocks. Commodities a little bit less so, but we have big gains for both the Dow and the S and P 500 NASDAQ less so I'm not sure that has so much to do with the election last Friday, there were some saying that perhaps last Friday could turn out to be the pre election lo similar to 2016 when you're the two weeks into the election. Down weeks, and then you had a big rally in the election weekend out of the election. What's very clear, though, is we have lots of selling in the tech space that probably has to do with JPMorgan, saying that they're lightening up on their overweighting positioning to a neutral. They expect some of the more cyclical sectors to take hold, and that has nothing to do with the election. They think that will happen. No matter who wins the presidency. What they do say, though, is and this is not surprising that what investors really want relative to the election is certainty that they want to know who is going to win this election and that once that's in place that's going to be a real positive for the markets and one sign of that uncertainty. That you and Jeanie and Kevin were just talking about bonds. We actually have bonds rallying in a big way on the day after selling off last week. Never dull moment, David. Yeah, because it isn't But one thing you follow, I know is positioning. Is that telling us anything are people hedging? What's going with the vics? The vics is actually damn just slightly today, but the vics continues to suggest that yes, investors are heading into the election. The vics has been outpacing the VX N or the tech index, Vicks. Which is pretty interesting visit again suggest that relative to regular volatility as opposed to that mega cat volatility. Investors are starting to bring up the hedge in terms of anything can happen and something else that I've been watching for the last few months, the S and P 500 stuck in this huge range of congestion on there's one line of thinking that says That is in the three months ahead of the election. The stock market is up that supports the incumbent. If it is down that supports the contender, David right now it's on the wire, suggesting that the markets are far more uncertain about the outcome of this election. Then the Poles are exactly the Poles may not be reliable, so we'll find out soon enough. Thank you so much as it's Abigail do little reporting on the markets.
"vics" Discussed on WCBM 680 AM
"So again, this is sparking the fears. Behind the slowdown, the economic slowdown and the possibility that we repeat ourselves in what took place several months ago. Some people frankly, I don't think we can get through another business shut down many these businesses that were able to get through the first time. You know, the concern is, can they handle another shutdown? And the C B o E. Okay. Volatility index. It's also a brigade are known as the VIX when some of you track volatility in the economy and the stock market You'll hear the vics often mention so the volatility index, which is a measure of investor bearishness, Okay, so the VIX index is something you need to listen to. When you're worried about. You know how many people out there are negative, pessimistic are bearish. This is whatyou follows the vics. All the vics. The volatility index spiked above 41 was the number went above. 41 reached a four month high this past week. Okay, So while this is clearly a negative short term data point again, VIX index is more of a short term. Fear index if you will this, you know, we have to note this point out that when the vics is above 35 again, we were 41 this past week. But when the volatility index is above 35 Stock market returns over the next 12 and 24 months have a 93 and 96% chance, respectively. Off being positive. Yes, I just said that when the vics has a measure above 35 stock market returns over the next 12 and 24 months. Having 93 96% chance respectively of being positive and over those time periods returns are slightly more than two times Better than average. So while many people may look at the VIX index spiking up to 41 this past week as being concerning and a measure ofthe true bearishness on the economy, and maybe globally speaking Looking at what historically occurs when the measure goes above 35 gives you hope or should, at least so Maybe you're looking at the glass as being half full here, not half empty. Also the midpoint of third quarter 2020 earning season was crossed this past week. One Wednesday, October 28th half of the S and P. 500 constituents by market cap had reported their earnings at the midway point this week. At this stage earnings have beaten lowered estimates by 18%. In aggregate with 83% of stocks, or 83% of companies already beating their consensus forecast through this past week. Okay. So with that I've got to take my first break again. You're listening. Live today, November 1st to the weekly wealth report. Call in number for 109226680. I'll be right back. We grab a picnic.
"vics" Discussed on 600 WREC
"Called Fear Index. The CBO e volatility index, known as the vics spiked up 12% Friday morning on the news that President Trump in first Lady Melania both tested positive for the Corona virus. And on the September jobs report, which shows a continued slow down in the recovery. A total of 661,000 jobs were added, which would be great in a normal economy. But it's about 200,000 fewer jobs and predicted, and it was the first month since April, it was below a million. The jobless rate fell from 8.4 to 7.9%, but mostly because the labour force shrank by three tents to 61.4%. That translates into 700,000 fewer people even bothering to look for a job. Most gains were in leisure and hospitality, followed by health care. The biggest losses were in jobs related to state and local government education because it continued school closures. Adding to the markets worries rising Corona virus cases in the US and Europe. With Madrid, becoming the first major global capital planning to go back into locked down in the coming days, Amazon is admitting more than 19,000 of its frontline workers have had covert 19. More from Rahul Solomon. That's nearly 1.5% of its total workforce. This disclosure has been solved by labor groups who have criticized Amazons response to the pandemic. Saying that the company put employees health at risk by keeping warehouses open. Amazon has added temperature checks, social distancing measures and other safety procedures at its facilities. I'ma tell Solomon and the latest on the negotiations for a new federal stimulus package that could put money in your pocket. The two sides were about $600 billion apart, but House Speaker Nancy Pelosi says the president's positive covert test Could change things. This kind of changes the dynamic because Here. They see the reality of what we have been saying all along. Talks have been deadlocked for weeks. But there has been a flurry of negotiating activity. This weak consumer and business news. Joe McConnell, NBC news radio, and you are essentially living in that country as an American or as a finished individual. But you're really a secret agent for the Soviets. Right? And I mean like, super duper deep cover. So much so that you can expect to go live like a pretty mundane everyday existence for years or decades as an American or as a fin or something like that. And then you might be called on to Assassinate somebody one day or to start working sources and it's not flickering. It's not obvious. The point is that they make kind of context and friends with low level people at the edges of powers. How I saw it described but also so the same person saying that there's probably more of them in the world today than there was even during the Cold War. That's a scary isn't it scary? But here's the thing. It's possible. There are far fewer illegals in the world today. Maybe there's zero in the US, but the fact is, somebody said that and the KGB. His track record is enough that it's possible. That's the king. That's when that's all it takes. Now, All of a sudden people are paranoid. And like, Wait a minute, you Tulsi Gabbert. Are you actually a tool of the Kremlin? Are you a plant by the KGB? Are you a sleeper agent who was running for president like people started get accusatory, and you can't trust anything anymore, And now you're starting to see your enemies all over the place, And all it took was a rumor that there's more sleeper agents. That are associated with the KGB today than there were in the Cold War, And now everybody's paranoid and the KGB is work is done for the day. And that could simply be disinformation. Exactly exactly. It takes on a life of its own. That's the point of disinformation that it makes people behave differently than they would if they had not heard that rumor and started to believe it because the other fact about this information, we should do an entire episode on it. I think Is that it has to have a kernel of truth, like the Black Panthers have to suspect that the Jewish Defense League was prejudiced against them secretly and so, like these documents that were found or sent to the Black Panther headquarters just prove this suspicion that they already have or something like that, or vice versa. So it has to have like this kernel of truth for somebody to be like, No, Here's the proof. And then it just takes off from there because people love urban legends. I wonder if there's ever been an Army colonel named Colonel Truth. I don't know. So the KGB I promised to tell you it's the one that little baby was born. That little baby was born in 1954 when ah, the intelligence agency that like I said, long been operating Was reorganized officially finally is a KGB with that same mission in hand. They were known as this this time is the sword and the shield of the Communist Party. And if you're talking about the structure of the agency itself, it depends on her. I mean, there's a lot that we don't know, but depends on here asking. I've seen anywhere from a quarter of a million. 2 700,000 people on staff. If you count the whole extended network of like foreign border guards and stuff like that. Yeah, I think 700 thousands. The most I've I've seen which isn't the normal. Yeah, Huge, huge compared tto any kind of like CIA or any other country's intelligence organizations. The KGB is just massive, right? The other thing that I saw about the KGB is that you can make a pretty good assumption that just especially during the Cold War, the every single one of those agents were loyal to the Communist Party and one way that they made sure that every single agent was loyal. The Congress party was too Basically let them know that the other part, other members of the KGB were spying on them. There's entire sections that were dedicated to spying just on the armed forces just on the military alone on and that was one of, I think, 20 different directorates. Little divisions that were responsible for different kinds of tasks are different Specializations. Yeah, the official like If you want to look at the official sort of charge of the K G B. It is for areas and size. It is the struggle or an organization. I guess the struggle against foreign spies and agents, thie exposure and investigation of political and economic crimes by citizens. That certainly comes. There's a lot of protection of state borders. That's what I was talking about, like the border. Guards and stuff like that. And then this is the big one protection of state secrets right and then sew like that. Those are the Big four, but their every like there was another about 16 of them. Dedicated everything like making sure that the phone and radio systems were encrypted to making sure that transportation sector was an infiltrated, like the KGB had its fingers and absolutely everything. There was one director it that was specifically tasked with surveilling and monitoring. Foreigners and people who the KGB suspected were were potentially dissidents who were Soviet citizens. And they might. They mostly hung around like Leningrad in Moscow, because that's where most of the tourists were. But that was like a whole KGB division. That's how many people they had on. How many resource is they threw with keeping tabs? On the power structure and making sure that any challenges to the power structure was squashed in the cradle that even strangled in the cradle Washington You're listening to Sunday night podcasts featuring one of the biggest podcasts of the week on the free I hard radio app now with over 250,000 podcast to explore Take a pause..
"vics" Discussed on KTAR 92.3FM
"Well, yeah, you know, and the big houses they love emotion. Emotion always drives their bottom line up. You know whether to the upside or the downside Whether the market's going up or down, these big houses are positioning themselves to take advantage of that into and because they can Look into the numbers and they can. I mean, this is something that most people don't see Air the boat. Most people don't know. I'm sorry. You know they can look in if they're the ones that are providing the platforms. These brokerage platforms. They can look in and see where the stops are. Yeah, that's true what you know, And there's a lot of brokerages out there, which is unfortunate that will actually sell that information to institutions and hedge funds. That air saying Oh, hey, we have a numerous amount of people who are placing stops this percentage below. Turn around or a W of some sort. And then those people know exactly where to push the market to knock those people out. Right? So they position it just right. Just low enough, Teo to knock him out. And then and then they grab those profits. Get back in and up. They go again. Yeah, And then you're sitting there and you've been stopped out and you're like, Well, I lost money, but it's going up now. How did that happen? And we see that we see that a lot all the time. Yeah, so some other things that are going on, you know, Like I said. There's a lot of fear in the market, the economy is still down. Now the fear and greed index is actually neutral right now. If you're looking at that, and the vics, which is which is Thie Volatilities index is also kind of sitting in and your neutral position. Things just aren't going anywhere. It's almost like everything is holding its breath. So what are they waiting for? Well, Let me tell you what they're not waiting for that we'll talk about what they are waiting for. What they're not waiting for Congress is is very unlikely that Congress is going to come up with more stimulus in the very near future. You know, I I don't care what you know which side you're looking at, whether it's the Republican side and they're saying, Hey, hey, we've got we've got businesses that need mohr PPP or you've got the democratsside. Hey, there are Children out there that are food insecure, and I don't even know what food insecure is, but either way, neither of them carry enough to actually close the deal. Now we're out of time, and there's going to be a lot that we've got to do. But I want to just before we go talk about our class that talks about all of this and what to do about it. It's called protection from the election. This is very important information. Give us a call and reserve your seats. The number is eight for for a trader. That's 84487 23 37 once again. That's 84487.
"vics" Discussed on NewsRadio WIOD
"That was very apparent this week, because, as you know, we send out daily e mails that you write all of our investors. And on Tuesday, September 1st In her daily email Update, You wrote with the vics surging along with the stock market, coupled with the general markets deteriorating technicals, the probability is extremely high for a sizable pull back in stock prices over the next 122 sessions. Anyone buying into this market at these levels will get punished. Then on Thursday morning, September 3rd two days later, before the market opened, you wrote a pullback is coming in coming very soon. That day. The NASDAQ fell 5% in a single day. All the other major indexes, fellas well How did you know to expect such a big pull back Keith E. The NASDAQ was on a tear. It was going up every day at levels that nobody thought it was possible. You sourced talks like a Tesla in Apple. Just going up every day, and I'm not talking about 11 or two points going up in at an incredible values and incredible valuations. So we use a timing technique that uses a five there beside value. And on on Wednesday morning, the Yes, yes and pm the NASDAQ's five day our size were approaching a value of 95, which is historic. The values of 95 rarely rarely get met. What? When you reach those levels, there's a sharp pullback always 1000. So we knew that it was coming either. You know, either one of two days away, and also you had you had the vics rising. And the vics is always the smartest person in the room. When the vics is rising, That means that there's something something's not right. If you have a rising stock market, your vic should be collapsing. It should be either you know, steadily going lower and lower if it's a healthy market. But when you have stocks that are rising and hitting historic five the our size and then you have a Vicks that should be contracting expanding. You know that there's gonna be something epic happens very soon. Well, if you were watching Tesla and Apple on suddenly feel like you're missing out that you needed to get in there. It's a good thing if you got these emails to prevent you from doing that, because that would have been disastrous. Um, now is it right now, before the market opens on Friday, September 4th as we're recording this What are you thinking? Now that we've had such a big pull back on Thursday We are. Our work shows that we should have fucking us continuation for the next 1 to 3 sessions because what's happening here is that the Fed has picked up his printing presses once again. And it is injecting liquidity into the market. We know that, um, just earlier this week E. C B amounts that it started printing and it started infusing the markets with Capitol And typically, it's a global coordinated central bank. Um, events. And if he CBS printing we pretty much know that the Fed is also printing. So whenever the Fed prince you did not want to go against it. Um And so, so we're looking for like a bottom for for us to be a temporary pull back from anywhere from 1 to 3 sessions more. It's gonna bottom out and then we are. Our work shows that the market should begin to rally once again to to brand you all time highs and changes should do so well into and past the election. Okay, So that's interesting. That could be good news for stock investors, But things could change. So please. Exactly why do you take advantage of our offer? Why do you get the daily email updated? No cost to you See Realty time? What would our forecast is Pete's been really good at the short term directional probability on DH picking what that is and let us know in advance, which is really helpful. So if anyone wants to get those emails, text the word wealth, the 474747. You can get those daily updates, I think would be very, very valuable for you to have those remember the strategy in the last years up 66% versus a little under 22 for the s A P, So we tripled. Returns, the SNP and even more importantly, our worst month. We've never had a month. We're lost more than 3%. So that's great job. He We really appreciate the help. Thanks for joining us. If you need to reach us, you calls.
"vics" Discussed on Bloomberg Radio New York
"Every day, we get new polls of registered voters of likely voters of voters across the nation of voters in battleground states. But what do those with money on the line? Think about the election? Welcome now, Abigail Doodle for Reed on the election market metrics. Well, David, this is super interesting, because as you were mentioning Poles, mainly the Poles are favoring candidate Biden over President Trump, but they're narrowing as you Have been following yourself. This is super interesting because the money, the betting odds have narrowed dramatically. Now. Back in August, Joe Biden had his odds at 61% of beating President Trump as president. Trump only had 36% odds of beating Joe Biden. Now they're both very close to 50%. So those odds Have narrowed and narrowed. It will be interesting to see whether or not we start to see polls narrow, even more from where they were again. This is really turning into a pretty tightly contested race per the betting odds, and we've had many talking about the possibility, including myself of volatility going into the election. If we take a look at the vics curve, it really makes this point of mixed curve, of course. Is cool, unquote Fear index right now, Spot vics right around 25. Historically, that's very high, but it's nothing compared to this highs. 85 when we were in the march lows for stocks, however, for September right now, what we're looking at is closer to 28 32 in October and 34 over November, so really rising volatility into the election. What makes this so interesting, though David is This looks forward by 30 Days. So November 34. That's actually December that suggest that this election could either be contested. There could be some other issue. Maybe the Senate goes to the Democrats. It's going to be a very interesting fall. Indeed, David Yeah, a lot of uncertainty out there. Certainly in the plug in front without any doubt. Thanks so much now toe Abigail Doodle Up next, he's run one of the most influential media outlets in the country..
"vics" Discussed on Bloomberg Radio New York
"Right now, we're a bit off the best levels of the day. Want to get you the very latest now as we cross to the Bloomberg Macro Squawk desk. And bring in Bailey. Lipschultz, say Bailey. Good afternoon, Doug. As you said stocks are trading higher amid signs the administration may fast track vaccines and treatments for the Corona virus. The Dow is up about 245 points. S and P is hired by 20 points with the NASDAQ also up 20 points as well. US 10 Year yield is at 100.65% and small caps are higher by 10 points. Nine of the 11 main SNP sectors are trading higher, led by energy, financials and materials, while healthcare in real estate are in the red NASDAQ Biotechs fell 55 points. Transports Rose 1.5% sends out eight points while the vics is up, 1.4%. Leaders in the Dow, Boeing, Dowling and American Express, while UnitedHealth, Intel in Walmart are the worst performers, Airline Hotel and Cruz stocks rallied after the US authorized a blood plasma treatment for Coben, 19 and Delta is planning to issue new debt back by its frequent flyer program. Dealnews smart. She bought Startup Brand folder for 155 Million and Spb leering, said a sale of election would be the best exit for holders wrapping things up. Look for earnings from Palo Alto Networks after the bell Live from the first word breaking news desk. I'm baby little. Alright. Thanks, Bailey For life Audio of breaking news Right on the Bloomberg terminal. The function is S q u A. Then the green. Go, Kate. I'm Doug Prisoner. That's your Bloomberg business Flush. All right, duck. Thanks so much. You're listening to Bloomberg. BusinessWeek. Well, apple, they've had a pretty good year. Things are going well worth more than $2, Trillion people buying iPhones and other stuff. Ah little bit of an understatement. But, yeah, Yeah, There is one guy we call it does more than anyone else We know about this company what it means and maybe more importantly, what Its plans are going forward. He is a scoop machine. He's our guy, Mark Urman. Technology reporter for Bloomberg. Johnny's on the phone from Los Angeles, and we'll talk about the Lakers in a few minutes. If we have time Mark but talk to us about what's going on, because it's gonna be a pretty good year for Tim Cook going to all that good news. Yeah, It has been a good year for Tim Cook obviously got you know yet another really big, you know, over $200 million payout, According to our boomer billionaire index Now he is a billionaire. That's different, because, unlike just toast, and you know some of the other people in his position, his tears. He was about the founder of the company. But do we know ample, was founded by Steve Jobs so Point Like you said, Cos firing on all cylinders, But obviously there are some issues that I'm sure we'll talk about the epic games situation. Yeah, about that. Yeah. Yeah. I mean, this is this is almost a nightmare for Apple feels like every week. There's another third party developer out there complaining about the F Soren apples, fees and epic games. They have so much money. They have billions of dollars that they're working with. So they have the resources to, you know, take out on the court. Right, And there's actually a hearing later today regarding Apple and a tic games and they make fortnight. Right. I'm sure you know your kids will play it. I personally don't play it, but I know it's very popular with the younger crowd. And they basically put in the mechanism in there out not to give Apple there 30% cut and Apple got upset removed the out, for instance, deleted developer accounts. So I picked assuming that Is this all fair? You know, all's fair in love and war and APS like, you know, what is this going on between these two? So I think these developers have seen how big Apple has gotten. Maybe you could stay on the backs of these developers developers on a bigger share, right? I mean, for some institutions, some developers Giving up 30% of your revenue off the top before tax and I add Ah, a lot of money and perhaps unsustainable, right? I mean, if you have a business and you bring in $100,000 Ah, a year in revenue, right? Maybe your tax What 25%, Right. And then you have a 30% tax from Apple as well. At the end of the day, you're probably left with well under 50% of the revenue because of this Apple share, And so developers are realizing that You're upset, and they don't want to give that money anymore because they don't think that you know. Distribution on the APP store with two million other acts is worth the price of admission. Feels like a big games is sort of the Taylor swift in this situation, right sort of fighting because they can for everybody else who's getting who they feel like eyes getting wrongly treated by this. This behemoth. That's Taking some of their money and beyond this mark, I have to say, because of everything that has been going on elsewhere in the world. Apple despite having a close retail stores and things like that, amid the pandemic, they have found themselves as Essentially helping Dr The stock market in a very big way. What's going right for them right now? Well, you know, sales of their hardware devices and their services, right? I mean, are just at all time. Highs write their annual are sorry. Their quarterly revenue for the previous quarter was up 11% year over year, and if you would be thoughtful would be up 11% year over year before the numbers came out, it would have said no because who would believe that they could be up over 10%? Well, the truth of the matter is the iPhone is a little down right as we know, But iPad is up. Mac is up Services are up everything due to work from home, so they weren't pretty good chase this past quarter over $2 trillion Now, they crossed to killing a couple days ago. A couple of days ago. I should add, so yeah, all's well in Apple world, but Developer situation certainly singing over the positive. So what? I want to know Mark Garment. Is there a new phone? I'm going to need to buy soon from Apple. Well, Theo question. Do I ever need one mind works But you know, there are grades in my In my case..
"vics" Discussed on Bloomberg Radio New York
"Master along with Alex Steel. S and P 502 149 names higher today, 255. Lower one and change If I look at those major industry groups, Alex and S and P 500 top of the pack consumer discretionary, up about 1.2%. Bottom of the pack financials. They were down about 1.5%. So It's kind of a look at your train, and we know that Tech I think in general was a performer today. Yeah, Apple, maybe not have been but take overall was GM also stood out to me. That stock was popping up by 8%. So here's the why you do it to bank adding it to a short term violist, saying that there does seem to be a possibility of the company spin off its TV unit, which would give you the chance to value it separately, obviously, but specifically, citing CEO Mary Barra on the conference call for the second quarter, sort of not putting it in a box altogether, but kind of believing that Open a little bit, and so that a positive for GM. They also had like a 2.5 $1,000,000,000 debt. Offering in three part mean like record high issue and offering record into issuance in high in high grade so far, and that it's only August is already at a record like 1.3 trillion pretty remarkable. I want to talk about Carnival just cause I caught up with Arnold Donald earlier right here on Bloomberg Radio and Bloomberg TV Carnival. Shares there. You're never to decline in the S and P 500 down about 5%. The stock is down more than 70% so far this year. There's a couple things going on. That's definitely impact in the travel industry. We did see some concerns about rising Coben 19 cases. Certainly Signet out of Europe, So there's some concerns about that. And I think Ryan Air right, You saw that in terms of an airline sector, So I think people are looking kind of at that travel space Once again, I do want to see the carnival CEO did say to me that community spread in the U. S still pretty vibrant. So, looking at you know whether or not they could start doing ships out of the United States. Not any time soon. So no plans to sell in the U. S. As of yet, he did say there's a lot of pent up demand for cruising, and I will say anybody I know who's been on cruise ships, Man. They're people that go back again and again and again. It's true reserve. What I find interesting is he's like the U. S is nowhere near ready, but they're considering sort of Italy. Maybe in Europe in Europe's a lot better, but that was the story. A couple weeks ago. I don't know if that story holds because they're having all these regional issues and regional shutdowns. They don't know what happens if you go on a cruise in the middle of the cruise. The country that you're from hasn't 14 day quarantine. You can't get back because you're stuck on a boat like I mean, there's things like this right and this is what's tricky with the company like that, because they've got to deal with different countries, different regions. I mean, they really got to find out the rules, and those rules as we know can change. In 24 hours because of another outbreak. I'm taking look. ATT L brands 52 week high. I would not have thought that hitting 28 19 within the session. I mean, I'm trying to find the news for it. I mean, we get a lot of retailers sti 9% this year ton of retailers, but like I thought, this was the coming that was opposed to do Well. I thought it was like the Wal Mart in the Home Depot's that we were going to be into not the L brands, So that was kind of shocked me for sure Charlie could see what's going on. Yeah has earnings. What's the 19th? Since 19 twenties dance day after the market Wednesday, so clearly a running into the earnings tape. Yeah, definitely on a run. We mentioned the airlines the Ryanair News. They took a hit American Airlines your number one to Kleiner in the S and P, down more than 5%. And I think you mean it was also on that list is all about cutting capacity. I mean, thing is American lines in particular, they're gonna cut some flights to smaller, medium size city is maybe if a deal expires. They don't get more Reiner cutting capacity like this is not a short term fix anymore. For these guys, This has to be a long term, The government has to be in it to win it. Which raises the question for me is the airline that when Are the airlines that win are going to be the ones that had who's corresponding country has the most money to give them. Is that literally how we're going to pick winners and losers in the airline industry from Europe to Asia to the U. S. Wow, that's very possibly right. You know what? What kind of kills me is I feel like the airline industry had just kind of figured it out right? They had put out a lot of capacity. They were charging you for everything. They were figuring out howto kind of be viable in a strong way. And then, of course, the virus happens. And then you know that's upended. All right, let's do a quick check on the volatility Index report the vics on this Monday. Here it is. Down 2.8%. The vics closing at 21.43. This's Bloomberg All right here. Hi. My name is just what you think you're doing. We're going for a price today. Dave Wilson. It's the best intro. I always keep saying that, But Okay, So what do you looking at A stock of the day? Give it to us and vest Net. Alex. That's it. It's a provider of account management software for financial advisors, and planners in the company's website,.
In New York City hot, steamy four day - Ga Test 2
"There's gonna be a lot more unemployment coming on a ship from what was temporary unemployment into permanent. To some degree. These companies are now starting to hunker down for a longer, more protracted recovery on so they have to right size. Their business is not gonna turn on right away, and we'll find out some things that were turned on, and we turned back off for a little while. It's gonna be bumpy. Mrs Bloomberg Surveillance with Tom Keen, Jonathan Farrow and Lisa Abramowitz. Good morning, everyone. Jonathan Farrow, Lisa Branson, Tom Keen on Bloomberg Radio, Bloomberg television Worldwide hot and steaming in New York City hot, steamy four day conversations in Europe to some level of success. We'll talk about that in a moment. And then, of course, the stimulus discussion and Washington and all this wrapped around A market that will never, ever ever go down Futures up 25 down futures up 1 86 We have a 23 print and the vic's now John just to go to the equity markets for one teensy weensy second. I know you want to talk Europe. I mean, come on, John, 32 to 23 on the vics is really something. It's an equity markets got away from so many people, Tom, particularly big tech side to see the nasty 125% higher through 2020. Amazon, up 70%. Microsoft Apple Up 35% We have had Monster moves and the South side has struggled to keep up through all of it. John your thoughts on Europe use did a tour of duty in Frankfurt, Germany, Viscerally felt that tension on the continent. How historic is this? A story? Important moment, Europe has demonstrated or demonstrating that they can borrow what the commission level and distribute grants the places like Italy that was unthinkable in the last crisis. What it's what many people wanted to see. I don't think it's that golden bullet, though, Tom, this is not the end of fiscal integration. This is part of the journey. And that's how you should view it. It would take a while for this story to build the keyword here, though, is crisis. It took a crisis to take this step forward. I imagine it might take another crisis down the road to take the next important step forward for the continents are Maria today. Oh, in Brussels. And of course, it's been an exhausting for days. Lisa Bram. Once I look at all that's going on. And really the fixed income market is the litmus paper off this system. What of the spread Barca do off this agreement? Oh, well, you can see that there's definitely risk on and it
"vics" Discussed on Bloomberg Radio New York
"Nail salons, tattoo parlors and dog runs that that's what's reopen and Phase three in New York City. Well, That's the good part of reopening the economy, Perhaps, but there are other things going on as well. For example, Warren Buffett getting into a little deal making, Let's get to Dave Wilson and see what's happening in the markets. Dave A bit of deal making. I mean, they've had energy business for some time. Now they're expanding it by buying some natural gas assets from the folks at Dominion Energy. Berkshire Hathaway's Class B shares, which are in the S and P 500 up 2.5% response that deal Dominion, though taking a bit of a hit, not just because of the sale, also because the Atlantic Coast gas pipeline, which had been opposed by environmentalists and others, it was going to run through the Appalachian Trail. Which didn't go over so well well, it's been scrapped now. And so you got Dominions shares down 5.8% biggest drop in the S and P 500 Duke charity, which also plan to have a role in the pipeline. Down 7/10 of a percent. But there aren't a whole lot of other stocks. Besides those two that are lower in the S and P 500 right now just 30 stocks down, you look across the 11 main industry groups in the index. They're all higher financial stocks leading the way within the financial group. Insurers kind of standing out. You seeing higher bond yields lower prices today. So that's a plus for the insurers in terms of their ability to generate interest income. Potentially we're talking about companies like Lincoln National Principal Financial Prudential Financial Unit Group all up more than 4% in early trading. So, David, just looking at, you know the market here as you do on a daily basis. I'm looking at the vics here, the volatility and next we're down below 28. Here. It's it seems like The vics is coming down as the market, I guess rallies up, but it still feels like the fear factor out there. Is pretty high. Well, absolutely. I mean, when you consider that you know, you go back over the history of the vics, which is about 30 years, you see an average something like 18 19. It just shows you how persistent the concern about future volatilities been because bear in mind. The vics is that based on the price is paid for S and P 500 options. And so if you're concerned about the potential for a market swing, you're more likely to buy the options be willing to pay more to get it. So you know, that is certainly has been reflected in the vics really going all the way back to February. When we saw stocks are coming off their highs, and you just haven't seen this index you come back to what would be considered, you know, historical norms. So you know, looking forward. I mean, you have to kind of figure that people are at least concerned that you could get a potential for future stock swings here. We definitely got a little leg higher after we got theism non manufacturing Index of services back up to 57.1 well better than the 50 point to reading that was anticipated for June. We also had the market US services encompass it. PM eyes out a little bit earlier. 47.9 for both. So, you know, in contraction territory but still higher than expected, Dave how much our economic fundamentals impacting the stock market. Why, and they're important to the extent that they perhaps kind of lay the groundwork for what companies are gonna be saying about earnings. You know, we're about a week away from really starting to see those quarterly results pile up. Compile in pilot caught what you will. You know, Once we get some of the biggest banks, you will really be focusing on the earnings. But even on that front, I mean, you're getting some positives today. Ah, thorough, Fisher Scientific. One example. There they gave Ah, Some preliminary second quarter results were better than analysts. We're looking for and say seeing that stock move up 3.4%. The moment you know Freeport, Mac Moran, biggest gain in the S and P 500 right now, up 7% there talk about selling more copper and gold. Then people were looking for and while they're still anticipating that they end up with a second quarter loss It's not as bad as what the analysts were anticipate. So that now bit of Ah update in terms of their performance going over well, and you have to wonder. I mean, given, you know, analysts looking for a 44% drop in profit in the second quarter from the S and P 500. As a group. You get enough of these positives and maybe the economic data kind of gives you a backdrop. We can understand where they're coming from. Davey. One of the phenomenon, as we saw in the last quarter was so many companies withdrawing their guidance for the remainder of 2020. Is there an expectation that we're gonna Seymour that this quarter? Or maybe we'll see some coming, maybe dipping their toes, saying, Here's what we think is gonna happen. Well, you know, that's that's a good one. I mean, because I haven't gotten a clear sense from what strategists are saying whether they're expecting much to shift in that regard. I mean, one thing you can't say, though the extent that companies were willing to give some indication of what their performance was looking like When you were getting more positives and negatives, and that was unusual based on our data going back 20 years, So you know that's again Another sign that you know, maybe things won't be quite as terrible as analysts are anticipating. Daniel, You do tend to get that anyway. But, you know, given the magnitude that the client or seeing this quarter, maybe the positives provide a bit more reassurance than they ordinarily would. All right. Dave Wilson. Thank you. That is at the one Dave on Twitter or anti Wilson on your Bloomberg Osias. Chart of the day even subscribe to a chart of the day email every day. Just message. Maddie Wilson Bloomberg Dark Nets. So, as Dave said, a nice rally today, the S and P 500 of 1.3% being led higher now by Freeport Mack ran up 7%. Partly it's Selling warm coppers and thought it would in the pandemic. So that's an interesting sort of turn of events that you might have anticipated seeing two million angry energy down almost 6% on the buffet deal,.
San Francisco Police to return documents seized from reporter
"San Francisco police are investigating a journalist for conspiracy in obtaining, the confidential death report of public defender. Jeff Adachi police raided the home and office of Brian Carmody last week. The rate sparked outrage from journalists groups and other first amendment advocates police chief Bill. Scott says Carmody conspired with an SFP employees. To obtain the report that shows the duchy in a poor light Vics happen, all the time people. We can't formation to the media, they get information. They, they formation, not just the media to, to, to other people who are interested the difference that we believe here is, we believe that the report across the mind, we believe that he took part in this criminal activity. Scott says the journalist was motivated by money and possible. Disdain for Adachi an attorney for Carmody declined to
"vics" Discussed on 106.1 FM WTKK
"Feverishly typing Campbell's in here. He's part of the problem. I'm never dissolution. My friend. Stay out of stuff. Yesterday. Now, you guys are having a touchy to- fire. What is what we're talking about two weeks to Vics voice, your how how Jane way completely Merv murdered two Vicks. Cords petard doing that. Kirk or anyone who does the Starfleet uniform to be a captain of a starship can you murder trials unethical? Do you not use our social media for a Roz? Don't you think it has something to do with gender bias in Star Trek definitely Picard had done that to innocent as soon as he got back to earth. They would elect him up. It's true. Decommissioned him. Unbelievable. Don't give me started to Vics. Good. Good. Do you think you I've seen the data? That's murder. I concur. Okay. Dr. Right, right. Who else was a doctor? Mccoy bones. Anybody else to anybody else the Polaski crusher? Yeah. Okay. I think if you look into threat on social media, you'll see what's up. Welcome to our three of the Friday show is we got Dr calve Campbell in studio with us, and we've got some science stories or something. We'll there's one I read the headline to you. Can you kind of see what I think the inherent flaw might be in that headline without getting into it? Yes. Yeah. So we'll we'll we'll touch on that if you got any medical questions, and they're incredibly creepy. We always love to hear those. But you can Email them if you don't want to ask them on the phone. We'll do that as well. So lots to get too. I what around out one last caller on. Our did you hear the setup for the two quotes? I was trying to figure out which was more bothersome. I did. So we have Cortez implying. The Dan I have an ipad does terrorists. I took an E D to the face. The congressman hasn't done anything to fight terrorism. And then we have Hillary Clinton saying that Julian Assange should pay for among other things imperilling the nation secrets. Do you think is the larger cell phone? You know, the OSI was the big one to me. Here's a man of nearly gave his life to fight terrorism. And she I don't even think she knows what terrorism is, and I guarantee she can't spell it. No. Here's here's a take. She even though she didn't live close to the twin towers as she would have you believe from a schooling standpoint. The fact is that everyone that I know who was in the greater New York area. They have a very different perspective of nine eleven if she was more than old enough to. To remember, it wouldn't she she'd probably what early teens she probably tended bar. Well, yeah. Another with that she makes a drink. But so look, I I understand that there's a certain impact that's going to take their, and they're gonna have a perspective since you may know, people that were in the financial district at the time, and that's gonna create a lot of wondering. But. The the complete Nodar nonsense that was her respond. Oh my gosh. Just over the top. I think we're just Hillary's just been around. So long pole in the same crap. I think people are just immune to it. So I wish she go walk in the woods again. Well, that's not very nice. She that was all setup. Anyway, I'm convinced David what's up? You can't really compare the two because Hillary is is thirty thousand different level and eighty. She's geez. It's just so scary is bad. But you know, Hillary is just. Beyond this world. And it's just to me. It's Hillary's in interface is just really, you know, I I can't stand her either. She's the baby. Ellery? Well, I, you know, even Hillary ramped up, you know, what I'm saying, sir. Just diving right in. All right. Appreciate the caller. All right. Let me let me hit on a just a few things going on here. So here's the headline. And this is Associated Press. So you're supposed you're supposed to be very scared. Okay. You ready? Dateline, chicago. Why I don't know. The headline America's young kids are swallowing small objects at a record rate. Doc. In your medical opinion. Do you think that today's toddlers versus toddlers of our generation are swallowing small objects at a greater rate? So here's the flaw in that, I think it's twofold of one I think that our attention to our toddlers may not be the same as it was in the past because we have electronic devices, and they get where they intend, you know, entertain themselves, and blah, blah, blah. Can I make a point on your tips logical point? I agree with you in in the whole screen time thing, but I would also proffer that. If a child is entertained by an ipad, it's hard to swallow and ipad, and we are much much much much much more vigilant over small items around kids, which is why they can put out a list of one hundred toys kill your children every Christmas fair enough. Okay. But the second reason is that when you and I were coming up, you know, if you swallowed something I it wasn't immediate trip to the ER unless you weren't breathing or you know, some sort of obstruction and if Billy swallowed a nickel. Year. Parents in many cases, would just wait to get their Nickelback. Yes, now, there is a scientific and medical reason to go and retrieve that because if it does not pass and sits in the Asaf Agha's long enough it can cause an audio Rosia and all kinds of God at eggs and. Yeah, I'm talking about the way in which parents would approach right? No. I totally get it. If they could determine what you ate what you in fact swallowed was a penny than they. And because the way that they're determining that the kids are swallowing small objects at a at a higher rate is based on yards. It's there's no doubt. Because you get a chest. X Ray and you can say, oh, there's a quarter or there's a nickel or penny swallow anything as a kid. I don't think. So. No, I actually know. My mother told me a story about one thing. I did. Although it wasn't it wasn't money. Ross. Did you ever guy swallowed a grenade? He just wanted his ipad. The elevator. Just kind of happen. You swallowed a grenade. Was it a little toy thing or an actual? I did the Heimlich and it didn't work. I mean, the pin was still in it. Wow. You'd think that would be incredibly uncomfortable nose, really tough. Yeah. Okay. Like an avocado. But we can't get Advocaat. Does if we shut down, I concur. Yes. All right. So I guess I'll have to be the voice of reason here. So I remember my mother told me the story one time in this is just what I met the. You know, where the kid learns to walk, but I learned to run kind of thing. So the very mobile toddler. She there is his backyard area, and she let me out there, and I would go find stuff, and you know, how your cat will bring you dead something every now and then. So I had a bug and I brought it to my mom, and my mom said she freaked out when I handed it to her. She took the bug and she threw it out in the yard. And she said she goes at that point. She was you were kind of like a lab, you ran over grabbed the bug and before I could do anything you popped it in your mouth and small protein. It's okay. They survivor. Right. Right. Right. So, but my mom did not wish me to the yard or anything. Just just was what it was. Right. Actually. My sister swallowed something to and I can't remember what it was when I was older my youngest sister. I think she might have swallowed one the little Legos or something. I don't remember that they took her doctor for it. So yeah, I think that that's a rather misleading headline because if you're just counting ER visits, I think that we're more inclined nowadays to haul children to the are for anything and everything under the sun. The there's no doubt with helicopter parenting, and all that that goes around and literally goes rail of and you know, the other thing is that I think a lot of data when you look at at mission data yards, and and discharge data is flawed because people put diagnosis codes there for billing purposes, and they may not always accurately reflect what the problem was when that person came to the what let me ask you this. And I don't wanna get sued. Is there is there? Is there a rule of thumb whether you should actually hall your kid to the are they swallow something, you know, I think that if you're concerned you should take your kid to the physician to to be checked over. We're training people be concerned crap. Like this. This is an accurate. Well, I think there are some significant implications for swallowing objects. You know, obviously, acutely you can choke and and obstructed airway chronically if it does not pass through the system like it like, you hope it would. Yeah. You can call it calls ulcerations and perforations the GI track that can be significant. Now, if you swallow something instead of going down, south gate goes down the trachea, and it's in your lungs. That's that's even worse because then you can get an infection. We're going to agree on that one. Yeah. Yeah. But I guess maybe it was the the firmness of the object. Like if it's a hard odd. Like if it's a quarter. That's one thing if it's a heroin balloon that's much softer. Okay. Right. Oh, yeah. No. I'm the only one here who recognizes that they feel different. I don't even understand. So boy Ross with silent. Hold on let me grab this call here. Yes. Jamal what's up? Thank you Campbell because dot net. Campbell is is a real. Trumpeter who knows? I'm saying is from actually correspondent knows profession, and he knows and he makes you will make you feel comfortable, especially about important procedure lacquer defeat bellator. But let me say this about AOL sequel the last past. Over fifteen years, Leo allow Liberal Democrats to give away with saying certain things, and he'll countable perfect example Bush people died nobody challenged that. Nobody actually really challenged. And that's Republican. Well, we have to back away, you know, Linton. Express.