Down for the week. Interesting intraday movements here, mike, what do you think is going on theres been this undertow of weakness, small cap stocks underperforming. Average stock made no progress, also a lot of focus on high yield debt the credit markets have been a leader, theyve been weakening for days seems its caught up to the headline indexes not sure if theres much more to it than that, other than pentup selling in september and october when were normally weak and skated higher through it i wonder if it has to do with anything thats been happening in the bond market weve been looking for clues weve been seeing a lot of buying in treasuries yields have come down from last week, almost around 250 and now people are looking at high yield and some of the selloff were seeing there that pinched yield curve got more anxiety, another excuse to do more selling. Doesnt take much to get peoples attention these days. Media is the big story at t and time warner, that merger facing potential p
And began running over pedestrians. That happened hours after 14 people were killed when a van ran them down in barcelona. At least 100 people were injured. Three suspects have been arrested and one is still being sought. Isis claimed responsibility. A Top Senate Republican said the president has not demonstrated the character to serve job. Bob corker told reporters there must be radical change of the white house did he said the president hasnt shown the stability or competence needed to be successful. He is chairman of the Foreign Relations committee. The white house says gary cohn will stay put as director of economic council. He is upset after remarks on charlottesville. He is not quitting. The president said he is one of the top contenders to be the next fed chairman and fed chairman. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. I am emma chandra. David thanks very much. The attacks in spain come agains
Particularly unhappy with interviewsmments in this week where he defended trumps remarks on the Charlottesville Violence and stood behind trump there. The president was not unhappy about that. We are in a hall of mirrors. We are hoping over the next bit weekend sorted out. I think at some point by the end of the day we without we will have a clearer picture. David lets turn to you now, give us the political lay of the land. Who is winning and who is losing if this is true that mr. Bannon is out . It is not clear to me that this will mean a massive change in the white house. Steve bannon represented he was an avatar of the movement that gave rise to donald trump. That boosted him in the primary. Ofjoined them in february 2016. Everything the trump had represented, this nationalist strain, skepticism of global elite. Of immigration, of trade. Bannon ran the website, breitbart, that fueled that movement in a substantial way and it is no coincidence that the two ended up together. Presiden
Come to the economy and the labor markets are gearing up for todays guest u. S. Division president and ceo ben thompson and David Albrycht asset manager and ceo. Im so glad you guys are here because i have said and melissa gephardt may say on tv for 25 years the bond market is much smarter than the stock arcade so guys what is the bond market, what is the bond market telling us about the economy the labor market and whats going to be, what the outlook is for the next year . The bond market says the jury is out. December was better. We have had the numbers today, doesnt give us any new information. Inside causing queasiness in the bond market but frankly the bond market reflects the fact that we have had a relatively weak economy and theres a change in expectations around regulations and around as this friendliness but the bond market hasnt broken out of its range. We have been at a range of 1. 5 to 3 for the last five years and we touch 137 that after brexit. Here in the 242 to 60 rang
Come to the economy and the labor markets are gearing up for todays guest u. S. Division president and ceo ben thompson and David Albrycht asset manager and ceo. Im so glad you guys are here because i have said and melissa gephardt may say on tv for 25 years the bond market is much smarter than the stock arcade so guys what is the bond market, what is the bond market telling us about the economy the labor market and whats going to be, what the outlook is for the next year . The bond market says the jury is out. December was better. We have had the numbers today, doesnt give us any new information. Inside causing queasiness in the bond market but frankly the bond market reflects the fact that we have had a relatively weak economy and theres a change in expectations around regulations and around as this friendliness but the bond market hasnt broken out of its range. We have been at a range of 1. 5 to 3 for the last five years and we touch 137 that after brexit. Here in the 242 to 60 rang