tyb
yes..wall street perfected that.
for sure. When the brokers used up that avenue they switched to data trans with lasers. built a big system that sat in NJ that sent the data back and forth from NYSE to CBOE in chicago.
Can only imagine what the dems have set-up now.
92-9000 VIP on final at JBA-maintenance flight done. should be on ground now
SAM195 G5 East from Skunkworks
Wall Street rallies as China measures ease virus fears
U.S. stocks surged on Tuesday and the S&P 500 and Nasdaq were on pace to unwind losses from last week as fears of a heavy economic impact from the coronavirus epidemic tapered off after China’s central bank intervened for the second day. China injected 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday, helping Chinese stocks reverse some losses and lifting the world equity index
The stimulus boosted investor sentiment even as several economists cut forecasts for 2020 global growth as the fast-spreading virus hampers business operations in the world’s second largest economy.
The S&P 500 .SPX has so far recouped 2% loss from last week, which was its the steepest weekly drop in six months. The Nasdaq .IXIC was just shy of a record high.
Technology stocks .SPLRCT, which are typically sensitive to growth related concerns in China, led the charge with their 2.5% gain. The China-focused Philadelphia SE semiconductor index .SOX climbed 2.8%.
Alphabet Inc (GOOGL.O) dropped 3.3% after Google’s advertising business and new data about YouTube and Google Cloud broadly disappointed.
At 11:29 a.m. ET the Dow Jones Industrial Average .DJI was up 484.06 points, or 1.70%, at 28,883.87, the S&P 500 .SPX was up 53.26 points, or 1.64%, at 3,302.18 and the Nasdaq Composite .IXIC was up 170.28 points, or 1.84%, at 9,443.68.
Adding to the optimism was data that showed new orders for U.S.-made goods rose by the most in nearly 1-1/2 years in December. It comes a day after a surprise rebound in factory activity in January.
The fourth-quarter earnings season is half done and nearly 70% of companies that have reported so far have surpassed earnings estimates.
Ralph Lauren Corp (RL.N) jumped 9.1% after the retailer’s holiday-quarter profit beat market expectations.
Health insurer Centene Corp (CNC.N) slipped about 1.5%, weighed down by a surge in quarterly medical costs.
Investors were also keeping an eye on the U.S. Democratic presidential nominating race, where officials blamed “inconsistencies” for an indefinite delay in Iowa’s caucus results.
Advancing issues outnumbered decliners by a 3.18-to-1 ratio on the NYSE and by a 2.94-to-1 ratio on the Nasdaq.
The S&P index recorded 58 new 52-week highs and two new lows, while the Nasdaq recorded 99 new highs and 30 new lows.
https://www.reuters.com/article/us-usa-stocks/wall-street-rallies-as-china-measures-ease-virus-fears-idUSKBN1ZY1QG
https://finance.yahoo.com/quote/%5EIXIC
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
Oil rebounds on prospect of bigger OPEC+ supply cuts
Oil prices bounced on Tuesday a day after falling to their lowest in more than a year, edging up on hopes that more cuts in crude production from OPEC and its allies would offset demand destruction related to the coronavirus outbreak.
https://www.reuters.com/article/us-global-oil/oil-rebounds-on-prospect-of-bigger-opec-supply-cuts-idUSKBN1ZY07W
Goldman Sachs Banker in Malaysian Fund Scandal Is Barred From Banking
Goldman had hoped to have a deal wrapped before its inaugural investor conference last week. But it could take several more weeks, especially if the settlement involves a deal with Malaysian authorities, according to two people familiar with the discussions who were not authorized to speak publicly.
The Fed specifically faulted Mr. Vella, who resigned from Goldman last weekend, for not doing more to ensure that a Malaysian financier named Jho Low had no role in the bond sales, which generated $600 million in fees for Goldman.
Mr. Low was indicted by federal prosecutors in Brooklyn and prosecutors in Malaysia, who have called him the mastermind of the scheme to steal more than $2.7 billion from the fund. The diverted money was used to pay bribes to Malaysian officials, buy high-priced real estate and provide financing for the movie “The Wolf of Wall Street.”
Lawyers for Mr. Low have maintained his innocence, but he has never made a formal court appearance in either country to respond to the criminal charges. He is believed to be living in China and has occasionally had public relations firms issue statements on his behalf.
Compliance officials with Goldman had repeatedly warned against Mr. Low being involved as an intermediary in the transactions because of questions about the source of his wealth.
https://twnews.us/us-news/goldman-sachs-banker-in-malaysian-fund-scandal-is-barred-from-banking
former CEO, changing oil so no glasses.