Sara eisen is joining me once again. Hi there, sara. Good to see you, mandy. Triple digit rally for the dow be up with over 300 points at this hour. Still have a long way to go to make up for yesterdays losses. Bob pisani jones me here on the floor. Youve been looking at historical rebounds. Were due for a rebound, getting it right in line with a historical pattern. Let me show you the s p. We flat lined at the open, up 300 points on the dow, 37 points on the s p and we sort of have been right there throughout the day. A little bit of rise after europe closed once again. Saras right, once we had a correction, 3 down with the s p 500 two days in a row, that has been a rare occurrence. This only happened eight times since 1980, five in 2008 and each time, two sessions in a row, one day later, the s p has been up 75 of the time, averaging 2. 3 . Sara, guess what, were up 2. 2 on the s p. Thats today. Not bad. Its happening exactly in line with expectations. One week later, its up 86 . The
Delay of aramcos ipo which made push to be the biggest share sail into 2019. We will ask why. China calls. Economic growth science shows signs of growth. Retail sales taking lower relative to expectations. Does the chinese economy peaked in the first half of the year . That we will be following story this morning. Also looking at european futures. Not a lot to push us around this morning so maybe we will get some impetus from the china data. We see the euro stoxx 50 futures down one third of 4 and dax futures down. 251 . If you take a look at bunds, the yield is rising so investors selling off the perceived safety of German Government debt albeit a miniscule amount there and pushing the yield up right now to 0. 41 percent. We are starting to get a little bit of a firmer picture this morning but not a lot of movement after the drop in asian stocks. Guy that is exactly what we are seeing on the gmm and the currency column telling the story. But how many are in great. A bit of movement in
Good winks morning, welcome to squawk alley, cart qui ca quintanilla with jon fortt stocks off the lows, down triple digits a few moments ago on the session. Watching to see if this dip gets bought in the middle of the day. For that lets get to bob. Still down, off the lows, s p up 10 points from the open lets look at the sector, still defensive but moving to the upside banks a big down open but you can see they have moved in positive territory, telecom only sector on the upid. Cyclicals on the weak side weve been talking about slowdown in the Global Markets in the last six or seven trading sessions europe on the downside, stock 600, s p of europe nikkei, s p down 1 since november 6th russell 2,000. Weve been talking about high yield always weak point. We asked our friends what happens when high yields declines 4 in a month were not down there that far yet. The high yield index, those etfs declined 4 . Usually follows them about were not there yet. This is a good indication high yield
Funding. And twitter Ceos Jack Dorsey purchasing more stock. Are investors buying it . As we said some big earnings from the likes of apple and facebook. We have the fed meeting two days. We have the jobs number. The french Elections Come up this weekend, jim. Everybody is looking at seasonality trying to figure out what may means for stocks. What are your thoughts . Well, for years i always felt that you do not want to be in tech because were about to go into the summer slowdown for europe. Actually, europe is much stronger this year and i no longer feel like theres a sell in may problem with tech. We know that sell in may doesnt work. Its 5050. But there was a basis for it and the basis for it was most companies in europe just shut down for july and august. So you have to anticipate that. Thats not going to happen. Instead, it might be the other way. I think europe leads us right here. Meanwhile, guys, obviously, big week in congress. David, i know youre going to tackle some of the i
Le pen and macron go on the offensive ahead of the election. What is at stake. Manus a meeting of minds that milken, from u. S. Treasury secretary Steve Mnuchin to citadel ceo ken griffin. We will bring you a bevy of top interviews from the conference in l. A. Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show from london. Manus a very good morning to you. A raft of things to consider. One thing that the bond markets are doing just before Steve Mnuchin gets ready for a bond bank. They piled in, they added the most long positions, despite they have added the most long positions on a week on basis. This is the First Time Since july hedge funds have been alleged across the curve. The question you have to ask theres always a good reason. Economic surprises were lower, so they had all the reasons to maybe want to get along, and then bang, the new. Lets bring up the risk radar, where we are on tenyear treasury yields. That was the longerterm picture in the shot.