Have imposed speed restrictions on parts of the audubon autobahn, which normally has no limits. 100 13n france could hit degrees by friday. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery im shery ahn. Amanda im amanda lang. Stories we arep following from around the world. Is chinas trade beef intensifies. Plus holding onto a golden rally. Gold prices are taking a slight breather today. Global investors looking at Interest Rates around the world but how long can the party last. Amanda finding the workarounds. U. S. Companies think they found a legal way past the governments while way ban. Lets get a quick check on the major averages. We are seeing some gains protect. You can thank micron for that. We have seen treasuries down today. The yield back up above 2 . Oil. E watching we saw stockpiles fall. We are now seeing the biggest u. S. Stockpiles since 2016. Th
Talk about the bull run continuing. The house voted to ban tiktok or have a divested of what we can expect from the senate. Benchmark is off about. 6 . This is we anticipate volatility because expiration of a whole chunk of derivatives today. The vix taking up a little bit. We are the key get crypto and im taking a look at bitcoin. We close the week where we began overall. We had been getting the heavy highs of 70000 and currently trading at 68,000 so dipping below that 70,000 level. Moving on to individual movers. Adobe is the only one you need to care about. The biggest move having its worst day in decades. Can we dig into the individual numbers but the amount the stock ran up last year, people are worried. If you ask investors which company will make money it was microsoft and adobe and now investors are saying maybe its just microsoft. They expected to see this big surge because of the ai products. Adobe has been putting ai into photoshop and illustrator. But it appears they are mo
Maria welcome back. Good wednesday morning, everybody. Thanks thanks very much for joining us this morning. Im maria bartiromo. It is wednesday, march 6. Time twe have breaking news, nii haley will be exiting the race this morning, she will deliver remarks today at 10 00 a. M. Eastern. The political focus is shifting to the state of the ununion. Hillary vaughn is live on capitol hill with all the details. Were waiting for the announcement from nikki haley and then well focus on what joe biden has to say tomorrow night. Reporter good morning, maria. Well, we are expecting this morning after super tuesdays contest that nikki haley is going to announce that the what she is suspending her campaign, she is dropping out of the race. Were expecting her to give remarks in charleston at 10 00 a 10 00 a. M. This morning. Last night, nikki haley won her first state, vermont. The Biden Campaign used haleys vermont win to attack trump and republican as divided and battered. It seems that haley will
S p up over half a percent the nasdaq tipping between negative and positive in the last few hours, and right now its fractional lehigher, and the dow fractionally higher. Its a larger conversation this is about mega caps as well, because tesla is down 9 over the course of the last five days and apple down over the last five days. The way the strategy owns apple and tesla, i like it were equal weighted we dont have the significant exposure i think thats an important question for investors right now, what is your actual exposure in your portfolio to the mega caps, because as it rallied it has statistically grown further. I believe in being equally cap weighted and now specific to the fund mentals and the technicals of apple, where are we right now with apple we are pulling back within the critical moving averages were all the way back to where we were on Worldwide Developers Conference Day that monday in early june. We have erased all the gains back to there. Structurally from a technica
Tell those guys, there may people. Before we get to the markets take a look at yellow truck down about 25 . It has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at 2. 67 but it morphed into a mean stock that Retail Investors are playing very heavily. This month alone is pop 55 with jawdropping selloffs and quarter to date it has soared 283 , Charlie Gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. Even if you dont own the stock. Lets get to the market after the worst week of march, the flipping the script and given the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, Dow Jones Industrial of 405 points. The dow lost 393 points total last week driven by the fitch downgrade of the credit worthiness from aaa to aa plus. Along with investors with the Quarterly Report those losses and raced we are up we are not down like we were