Those right now, but our lows are not that low to begin with. Lows right session now. So. Off about. 25 or u. S. Factory output from march fell to its lowest since february of 2015. Consumer sentiment falling to its weakest in seven months as well. I want to show you what the s p has been doing intraday. Bend,ook at this trading one of the smallest we have seen in a while. So, weuly of 2014 or just barely hit 26. Thats only about several points are so. News crossing that apple is going to extend its production cuts through the next quarter. Apple is obsession those that did hit in the 1 00 hour, but still down about 1. 5 there. The nikkei in japan suggesting people are not buying as many phones as apple expected. This having a knock on effect on apple suppliers. Whats been you happening with how this has been impacting the dow. Lets show you. Let me illustrate this. The biggest drag on the dow right now is goldman sachs, down about 16 points or so. The second biggest drag on the 11 is
Note here. Matt if you wait long on tuesday evening and you are an unhappy camper, wednesday and thursday were so bad, today you are getting back on most all of those losses. The Dow Jones Industrial average thep at 360 eight points, best the dow has done. The s p more than 2 and the nasdaq. You might have to ask him why that because we had a better than expected jobs number. Like it when the fed raises rates . Maybe they need to see that to get back to normal. This shows you the current implied policy curve in green compared to the historical curve. It is flattening out and a lot of investors are talking about expectations that obviously, it everyot be raising rates single meeting. The trajectory will be shallow. You saw today after the jobs number came out a little bit of a spike up that investors started buying the fernando the yield curve and we are still down here. We had hit a high we had not seen in years on the twoyear but at least investors are buying at the front of the curve
Businesses. Jason joins us from princeton. What can you tell us about the deal . Jason firstly, the name is fascinating. The name is downdupont. That is the sign of the temporary nature of it. Is dowdupont. That is the sign of the temporary nature of it. There is very little that the market did not expect versus what was originally murmured what was originally rumored. It is going to break into three bundles, in a very tax efficient way, the way folks had thought. The synergies look like we have been told as well. There is 3 billion, another billion dollars of operational cost savings they are pointing to. Timing will be the key question. This all needs to get done relatively quickly or it will start to fall apart in peoples minds. Stephanie according to the news breaking, we will see a 10 jobs cut. Put that into perspective. Jason that will be in the thousands. We have not run through it from an Employee Point of view. We hope that the benefit comes from the synergies. The focus is a
Hearing about it all. Stephanie i did not buy any really expensive art at about you, david gura . David the Chicago Police department will reportedly be investigated by the Justice Department or the Associated Press has a wideranging story this week about critics say the Police Department was slow to investigate the case. In beijing, the sky is the limit. The city issued a red alert because of smog. It imposes limits on factories and traffic, and schools are advised to close. Three consecutive days of smog are predicted. Is december 7, 74 years ago today that japan attacked pearl harbor and brought the u. S. Into world war ii. Ceremonies will honor the 2400 americans killed. You can get these and other stories 24 hours a day. Now over to matt miller. Matt taking a look at futures, after the blockbuster day friday. Nasdaq futures all gaining today. Even after we put on a gain of more than 350 points in the dow friday. Take a look at how far we are. Way from record closes here you can se
Ugly start for the bills. Dashboards. Larrynie think about summers and carl who said dont raise rates. Larry fink said we are facing 2 growth. The Circuit Breakers might be telling us we are falling out of bed and we could be in for a rough ride. David its not all about the Center Central bank. I would not be concerned about the a chinese economy based on a shanghai move. Stephanie its a new year and new markets and stocks around the world are slumping but they are being led by this route in chinese equities. It triggered a market wipeout. Yielding currencies tumbled as investors are turning away from risk over concerns about the middle east. , letsrabia and iran cover this with our Bloomberg Global team. As wellve to hong kong as mark barton in london and matt miller is here breaking down the markets in new york. We will go through this with everyone. Lets get you some first word news. Vonnie the refugee crisis is orking western europes policy. Danish leaders were angered by swedens d