Market, you will see it looks like the 10year treasury is sitting just at about 4. 29 . The 2year treasury is below 5 at 4. 99. Last week, the transports did see the worst week since march. If you worry about things like that, the downturn, the russell 2000 broken. The dollar is now looking at its longest winning streak in terms of weeks. Weekly winning streaks since 2015. A lot of things to watch this week. We are watching shares of alibaba, talking about kicking things off, after the company said in the surprise move its Ceo Daniel Zhang planned to step down this month. Stepping down as chairman and ceo of the Cloud Business in june. Alibaba said he was going to be departing as the ceo of Alibaba Group to focus on the cloud unit which the company is spinning off as a separate company. Now the cofounder eddie wu was set to take over from zhang this month. He is now going to be taking over the cloud iunit. Joe tsai will take over alibaba. This raises questions of the spinoff and how un
Welcome to countdown. Im anna edwards. 6 00 in the morning this tuesday. Lets start with the oil story. Two things to talk about we are back in a bear market once again and we will come to that chart in just a moment. Statoil is the other thing major oil is reporting numbers. Secondquarter adjusted net income is coming in at 7. 2 billion norwegian krone, ahead of the estimate. The net income bottom line number looks much better than markets were looking for. We will get further into the dividend story as we go through the morning because that could be some interesting stories. Q2 sales once again above the estimate. They are talking about how much of an impact the Maintenance Cost are having on the business in the 2015 number they talk about maintenance being 45 Million Barrels per day. It is in line with the overall 2015 trend, what they expect to see in the Third Quarter. They also say they will declare a Quarterly Dividend in u. S. Dollars from the Second Quarter. Plots to talk abou
The lows down 234 right now and its a broad selloff financials are actually the hardest hit. You can see the yield on the tenyear approaching 2 . Investors are piling into safe haven assets like the treasures. Well talk to the ameritrade chief strategist on whether americans are doing buying on the dips. Mohamed elerian on whether geopolitical concerns could get worse and whether the fed could put any further rate hikes on hold as a result. Oh, boy. Right thats on the table right now as well. Lets begin with seema mody here on the floor of whats driving the selloff on wall street today seema . Kelly and bill, the calendar may say its summer, but it certainly feels like fall, a lot of traders reminding me historically september is the worst performing month as traders return to their desk goldman sachs, one of the most heavily traded names, surpassing its 30 day volume average, about 4. 3 million shares have exchanged hands. Its down just about 3. 5 , the second worth of we are forming
Begins as irma barrels towards the u. S. Mainland. There to bexpect some labor inflationary of fact. We dont have any choice. We are going to have a ton of money coming here very soon directed at rebuild efforts. Interviewse weeks put pandemonium into perspective. The market is beginning to have second thoughts. There is anxiety. We are going to speak up no matter who is in charge. It is all straight ahead on bloomberg best. Hello, and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News, analysis from around the world. The week began on what has become a familiar note on reports of a north Korean Nuclear test putting the rest of the world on edge. Geopolitical tensions, at their highest since the cuban missile crisis, north korea says it has fitted a Nuclear Weapon to an icbm. Washington has promised an overwhelming response to any attack while beijing and moscow are calling for talks the u. S. And south korea, trying to analyze the
I would expect there to be some labor inflationary of fact. We dont have any choice. We are going to have a ton of money coming here very soon directed at rebuild efforts. Matt plus, the weeks interviews put pandemonium into perspective. The market is beginning to have second thoughts. There is anxiety. We are going to speak up no matter who is in charge. Matt it is all straight ahead on bloomberg best. Matt hello, and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News, analysis from around the world. The week began on what has become a familiar note on reports of a north Korean Nuclear test putting the rest of the world on edge. Geopolitical tensions, at their highest since the cuban missile crisis, north korea says it has fitted a Nuclear Weapon to an icbm. Washington has promised an overwhelming response to any attack while beijing and moscow are calling for talks. The u. S. And south korea, trying to analyze the details of the