If you look at volume, it is certainly borne out that way. This is the s p 500 svs index. We are running at volume about 30 average today, so a lot of ahead of out of office the christmas holiday, and my producer tells me we have not seen a move up more than 113 sincen either direction 2011. Moving on to one of the other big stories of the day, lets look at bitcoin. We can see that it is extending the slump for the fourth day, byling to about falling about 30 earlier today, but in the meantime it has pulled down a lot of associated bitcoin and stock. Ain overstock here also down by about 4 . That is the online retailer that accepts bitcoin, but the ceo has also said he plans to sell all overstocks ecommerce business to focus on the companys blockchain enterprise. Lets take a look at the movers today. I want to talk about nike. They are having a poor day today, after earnings it showed there was a big split in their business in terms of sales in the global side of things, which well, an
Yesterdays vote to reject the u. S. Recognition of jerusalem as the israeli capital. Press reports that israel will leave unesco at the end of 2018. The u. S. Said it will drop the agency at that time. The worst appears to be over for a Massive Wildfire that plagued a wide section of the california coast for more than two weeks. Evacuationndatory orders have been called off. The fire drove 100,000 people from their homes in ventura county. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am jessica summers. This is bloomberg. Julie i am in for julia chatterley. Scarlet fu. M plunges taking the spotlight. Whatd youion is miss . Bitcoin plunges as much as 30 today. Christmas coming a few day earlier earlier for lawmakers. They will come back to a messy agenda. Rhee will tell us how he tabbed into the company ideals to bring them back from the brink of bankruptcy. Julie the u. S. Has a new federal tax code and it changes the Econ
We are here with megan murphy, lets start with the back of the magazine, peter metcalf. Im excited we are starting with the game changer, because we dont focus on a lot and it is focused on people doing things you should know about. A little known fact about me, i am of former big time alpine mountaineer. Are you serious . Who knew . In the mountaineering community, they are primarily known for very technical products. Peter is particularly interesting, he has used his position, he stepped down in 2016 from the company, but he used his position and the Outdoor Industry to motivate them around issues that are important. These are our Good Business issue, we want to highlight people doing things that tiein to their position in the business world, maybe it is a political point of view, things they think are worthy of society. He wanted to talk about the stripping back of federal protections for land. This is a huge industry. It cannot be understated. This is before President Trump and of
Murphy, lets start with the back of the magazine, peter metcalf. Megan im excited we are starting with the game changer, because we dont focus on a lot and it is focused on people doing things you should know about. A little known fact about me, i am a former big time alpine mountaineer. Carol are you serious . Who knew . Megan in the mountaineering community, they are primarily known for very technical products. So you dont fall off the mountain. Peter is particularly interesting, he has used his position, he stepped down in 2016 from the company, but he used his position and the Outdoor Industry to motivate them around issues that are important. This is our Good Business issue, we want to highlight people doing things that tiein to their position in the business world, maybe it is a political point of view, things they think are worthy of society. Julia he was lobbying against the stripping back of federal protections for land. This is a huge industry. It cannot be understated. Megan
By that of the nasdaq as it is rising more than 1 . Tech shares accounting for a decent amount of the game. The gains are relatively broadbased as people get back to work today. Among the fang stocks helping account for the rise today weve got netflix on the rise. We also have some of the content and broadband providers on the rise as well. Disney, dish, Discovery Communications and charter communications. Mccrory looking at the media landscape for this year emphasizing the idea that content is king and that some of these content creators are going to do better. Fox buying more content. Various eitherer of the pipes, providers of the access to overthetop networks or to the providers of content like discovery themselves. Media seeing a pretty broad lift in todays session. One group that is not on the rise of the pipes, providers of the today, insurer. Todaye kbw out with a new cutting all state to an underperform saying that companies Margin Expansion story is just about played out. Loo