Cooperman taking on trump over the Federal Reserve in times of crisis Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu. Announcer to Brian Sullivan. With me the entire hour, peter bookfar wiright now stock futur indicate what could be a nice open to the upside, about 175 points within the last hour we were up 400 to 500 points implied. Well see if that moves. The Dow Jones Futures have been going from losses all the way to gains. At one point we had a range of 1100 its been a volatile, possibly preshadowing the market. Tenyear government yields we gone down to 1. 0 3 year, setting the record twoyear treasury notes, 1. 2 . The session low for americanbased crude is 43. You can see 45. 53 the last trade there. We have seen a bit of a downside move in the last hour or two lets watch whats happening a rebound in under way, in asia and europe as well as investors hope for action from global Central Banks around the coronavirus. Matt taylor is in singa
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to get a cbi data from singapore. Thise checking on the end m
Lets not talk about markets. Lets talk about single stocks we are basically focused on the single stock and of the spectrum. Look at the stoxx 600. Going nowhere in a hurry certainly. Deutsche bank delivers. Deutsches is up by 7 . The Software Company during very well. The single stock stories is really where the action is right now. Is there anything that joins them together . Can we derive a narrative for what we see in the screen in front of us . Alix the divergence between google and microsoft in the Stock Performance is striking. Google is down 8 , almost 9 . It is bringing down the s p, worst performing stock within the s p. You have the underlying earnings as a specific google thing that is moving. The indices is getting hit pretty hard. Microsoft and tmobile makeup from it for it on the tech side. Yields are already up by five basis points. It is probably not helping the macro sentiment. What is them to read through . Then what . What is our take away from that . Guy i am start
Clashes. President trump calls for change. Bitcoin, the cryptocurrency starts 2018 with a slide for the First Time Since 2015. Has it peaked in the shortterm . Lets talk about the first trading session of the year. The real story thus far is what is happening in china. A heads up of the story in europe and the united states. We will see a strong start stateside. It was a weak close to 2017, we will be up. 4 on the data. 2 on the s p the ftse 100 could be a laggard, but not by much. Asia iscy coming out of a relatively strong one. The picture out of china looking good. The data are coming through at the get go of the year looking favorable. We can talk about that and then we have the performance of the eight shares doing well in hong kong. On the gmm, we get a picture around what is going on. The dollar is the week bank theme running through these ofkets as it was on the back 2017. The week eight shares up by 1. 8 already. Singapore trading strongly, malaysia isnt. Will be interesting t
Sight of a deadly attack earlier in the day wont reopen before sunday after additional security assessments. The shrine was closed after three palestinian assailants opened fire from there on friday. The muslim administered site was adhered to by both muslims and jews. Technology for the first time on paper it will have to pay money as it withdraws from the lot. As they prepare for round of talks, it is prepared to be one puttingiggest issues the fee as high as 114 billion. Global news 24 hours a day. Over 120 countries. This is bloomberg. Live from bloombergs World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Joe we are 30 minutes from close of trading. Julia the s p hitting new highs as inflation and retail sales disappoint. U. S. Financials post earnings. Joe the question is, what did you miss . Overet optimism financials starting to fade. It shares lower after earnings. Joining us at the close. And as the senate revised health bill destined for the rewrite