|Day's Range||1.77 - 1.78|
|52 Week Range||0.76 - 1.79|
Yahoo Finance's Seana Smith talks with Vincent Reinhart, chief economist of Standish Mellon Asset Management, about Fed Chairman Jay Powell's testimony on capital hill, the potential for four rate hikes in 2018 and how he will be received on Wall Street.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest in the markets.
Midday Movers is Yahoo Finance's midday markets show hosted by Seana Smith. Panel and guests look at all the day's top financial news.
Yahoo Finance's Seana Smith, Rick Newman, Melody Hahm and President of Heritage Capital Paul Schatz discuss why Trump's economic rating has slid downhill.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the current rally in stocks and what to expect this week in the markets.
An analyst says that the ISM Manufacturing Index is above 60 and that that typically marks peak growth and is a warning for deceleration. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Melody Hahm discuss the possibility of a market correction before the year is over.
Bitcoin has been on a tear. The cryptocurrency cracked $5,000 last week and has not looked back. Yahoo Finance’s Alexis Christoforous, Justine Underhill, and Myles Udland discuss why people continue buying Bitcoin despite many powerful leaders, including Warren Buffett, coming out against the cryptocurrency.
There has been a flurry of Asian companies going public on U.S. exchanges. In fact, this is the busiest year of IPOs from Asian firms in the US since 2010 and the pace may keep up through the end of next year. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer figure out why the Nasdaq and New York Stock exchange are targeting these Asian companies.
We've been hearing a lot of warnings from Fed officials about frothy markets and for good reason. Easy borrowing conditions and low rates have led us to record highs in stocks. While the Fed looks dead set on raising rates, it could be setting itself up for a tricky situation, one that has historically led to recession. Yahoo Finance's Justine Underhill has more at the charts.
It's called the land of the free but is anything really free in this world? Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Dan Roberts discuss the true costs of living in America.
Trump's top economic advisor, Gary Cohn, is talking about what the President is willing to negotiate on in terms of his tax proposal. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Pras Subramanian discuss whether or not Trump’s tax plan will have the support of Democrats.
After quite a few false alarms, Trump has finally revealed his tax plan. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Nicole Sinclair discuss the inner workings of Trump’s proposal.
Trump’s plan, set to be released later today, is expected to cut taxes for individuals and corporations, simplify the tax system and nearly double the standard deduction used by most Americans. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Seana Smith discuss whether or not Trump will finally earn a win.
Millions of Americans look forward to getting a tax refund check every year while others cringe at they amount they still owe the government. Yahoo Finance’s Alexis Christoforous and Nicole Sinclair talk to Yahoo’s Finance’s Rick Newman about why he thinks Americans already get more than what they are paying for.
Politics aside, investors will be focused on the FOMC meeting announcement, forecasts and Fed press conference this week. As we have discussed in previous notes, investors are universally expecting the FOMC to raise rates by 25 bps. The FOMC forecasts, arguably the most pivotal narrative for investors this week, will be updated.
The most important chart you need to know today is the yield curve. Over the past year, short-term rates have surged while long-term rates have held steady, sending the yield curve to its flattest levels in a decade. Now Morgan Stanley analysts predict the curve will be completely flat by 2018.
Last week’s economic data did little to act as a headwind for the rally in US equities — a rally that seems to defy gravity. Small Business Optimism (NFIB) logged a monthly reading of 105.3 for August, matching the 12-year high set in January of this year.
Stocks hold steady as investors digest rising geopolitical tensions and the latest round of US economic data. Yahoo Finance’s Alexis Christoforous, Jen Rogers, Jared Blikre and Rick Newman discuss these and the other big stories we’re covering today.