I could go on and on. Growing china trade uncertainty. Things are getting a little violent right now in hong kong. For next two hours well put it all together. We say boo, you decide whether you still want to buy. See what we did there . Neil boo were down 226 points just like that. Starting off the first day of this problematic month. It is not traditionally the worst month for stocks but more memorable from some of those crashes, crashettes whatever you call them. Im not saying it will end up this way but it is starting out that way and scaring some folks. We have had big drops this month. October of 18 we can remember 1342 hit. In 081525 point hit. We could go on and on. In percentage terms the big one to beat is 25 plus hit in the dow in october of 1929. In 1987 we lost a quarter of the dows value. I only mention that, this is a spooky month. We have a lot of spooky developments were getting into. Not only widening search for subpoenas on capitol hill and people resisting those sub
I am Katie Greifeld in new york. Welcome to bloomberg markets, and it feels like a week is just Getting Started with amazon after the bell tonight and the fan tomorrow. Take a look at how markets are feeling heading into those events. Not too great at the moment. The s p 500 off by 0. 2 . Same thing if you look at the nasdaq, off 0. 2 when it comes to the big tech names. The bond market, we are back in selloff mode with the 10year treasury yield higher by five basis points. We are getting closer to 4. 7 on your 10year treasury yield, and one of the reasons why has to do with numbers we got at 8 30 a. M. Of course, the eci. I can imagine that eci print was good news for the fed. Not good news for the fed. A big drop in Consumer Confidence from a revised 103. 1 down to a 97 for the headline number. The present situation is a big drop from 146. 8 to 142. 9. A drop in expectations to 66. 4 from 74. 0. Of course, we have to check out the jobs, plentiful jobs hard to get situation because th
Caroline spacex price starlink satellite process burning through more cash than it brings in great the exclusive bloomberg reporting and so much more through this hour. It is a macro day in the market is under pressure is once again pricing increases are still running higher than the market wants to see. Higher than had been anticipated in the Federal Reserve only gets to hike one or two times this year. The market in the fed signaled we reprice this idea the fed hut the fed cut will be coming. We seen the fall on the nasdaq more broadly. We are seeing a real pushback in terms of the bond market. We see yield spiking on the frontend on the twoyear but higher across the curve. Notably we are down from those 21 basis point move we saw earlier but nevertheless we are basically at the highs of this year. Looking at the bloomberg dollar index that strengthens into a far more hawkish tone from the market signaling the fed doesnt and cannot hike as many times cut as many times that have been
You are just singing and dancing to taylor swift. Shake it off. Its so catchy. I will play it during the show. Lets get you the top Global Business stories of the morning. The big prize in todays Midterm Election is who will end up in control of the senate. Republicans need to pick up six seats to recapture the chamber. Calls it agton post near certainty. We know that this election will send a clearcut message that the republican way is the way we will create jobs in this country. House,rama about the republicans are expected to add to their majority and you can watch it unfold right here on Bloomberg Television. Our election coverage begins at 5 p. M. Eastern with a special edition of with all due respect her cup we may stay on with and we may stay on all night long. More money was being spent on average ties them. We heard from the alibaba vicechairman and what he was asked if the company intends to grow through acquisition. We always want to add more users and more user engagement.
Work continues back there. , see what looks like a snow flurry as workers continue to gather up that white powder that was spilled on the road. Now, this is a multilevel investigation involving the local police and county investigators because it was a fatal accident, this is being treated like a crime scene. It could potentially lead to criminal charges. Reporter this violent collision sent shock waves through the neighborhood just before 6 00 this morning. Investigators continue to piece together the exact sequence of events. Initially it appears the trailer of a tractortrailer rig broke weigh as the truck rounded a curve an oncoming tanker truck plowed right into it. The driver of that truck was killed. The other driver was uninjured. Police are also looking into the possibility that the trailer may have that crossed the center line and broke free when it was hit. Obviously the reconstruction of this accident, the physics of the accident are going to lead us to a definite determinat