Thank you. Did you see how i perked up, great stuff. Thank you so much. Im Ashley Webster in for liz claman. We begin with the fox market alert stocks mostly lowered to kick off the week. The s p 500 and the nasdaq extending last weeks decline really the market treading wa water, theyre down reversing course up 40 points or there about coming off the worst week since october, the s p 500 and nasdaq also went off the lows of the session of the sour but still on pace to post the backtoback losses. Investors are cautious ahead of key inflation data this week we have cpi tomorrow, ppi on thursday and as we know those are two important measures that the fed will watch very closely as it decides what to do with rates, lets talk about nvidia also under pressure after posting the biggest oneday loss since may that was on friday shares are up 75 this year. Nvidia leading the way in the a. I. World nvidia in the magnificent seven as well, j. P. Morgan today downplaying concerns over a bubble in
Katie welcome to Bloomberg Markets and it is a down day for markets, at least if you are looking at equities because the s p 500 off. 5 which does not seem to bad and the nasdaq is down by over 1 . There is some green to be found and no surprise it is in the cryptocurrency space. Bitcoin continuing to surge higher up about 2 at the moment. We are on watch for the alltime high, maybe today is the day. We have some breaking ism data for michael mckee. Michael this is not good news for those looking for a Growth Scenario in the u. S. The ism Services Index falls more than anticipated but at 52 point six after 53. 4 the consensus was from 53. What is interesting is the sub indexes are almost all better. In this case new orders are up to 56. 1 from 55. Production is up to 57 point two from 55. 8. Employment is one of the few that goes down. That is something to keep in mind for friday and it might have an impact on the Market Forecast for what we get on friday. Prices paid, 58 point six dow
Volatility. If folks as we kick off the final hour of trade, weve got the dow adding 430 points of losses to yesterdays 240point drop. S p is down 47. Weve got the nasdaq lower by 194. Russell 2000 down 44 points. That is the worst percentage drop here of all of the majors, more than 2 down. And we show the vix . Weve got to look at the vix, because right now, as you see, youve got the volatility index up 7. 7 right now which means we have seen a 2day move that began sort of later in the session, and weve got that, i believe its about 13 higher over the past 48 hours. Right now were at 14. 71, still historically very low. Headline number two, the stock stories shaking the markets most, humana is the worst performer on the s p. Right now weve got it tanking about 13 . Updated word from the government that the new 2025 reimbursement rates for Medicare Advantage payments will remain unchanged at 3. 7 despite massive pressure from the sectors lobby is. Humana, which has the most exposure t
Rest of 2024, so it is risk off, no matter where you look in the region, stocks are down. The nikkei was 1 off, declines in the kospi, taiex, hang seng, and were keeping an especially close i on chinese equities and geopolitical tensions amid chinas drills around taiwan. Ill talk further back to pet but lets split ill talk further about japan, but lets flip the board. I want to show the extent of the risk aversion today. Not benefiting from invidious rally yesterday, samsung let tronics electronics added pressure after a failure of an nvidia test due to heat issues. Lets flip the board again and take a closer look at what were seeing in japan. Its really the focus on the fed today and how we see higher u. S. Yields prompting dollaryen above the 157 level. The level that is thought to have latched on the first of two interventions earlier this month, and also the japanese currency depreciation drawing in the bears because the boj rate hikes, the yield on the 10 year still sitting above
A rumor that was debunked that the sec had approved Blackrock Bitcoin etf application coming up in the First Exclusive appearance since the news broke we have blackrock Ceo Larry Fink. Larry is going to be here live in the back half of the show to give us the exact word on what truly is going on with the Blackrock Bitcoin etf, were the cadet in an extraordinary session as we head into the final hour of trade the Dow Jones Industrial through hundred 36 points, the s p nice move of more than 1 or 49 points, the nasdaq up 176 and look at the russell shooting higher by 1. 59 or 27 points but it is not so much the presentence gains that deserve the extraordinary description it is the fact that they come as hundreds of israeli tanks and hundreds of thousand troops en masse at the border and gaza in preparation for a ground offensive to take at the terrorist group hamas. Day ten of the hamas israel war which began on october 7 when hamas terrorist invaded israeli civilian enclaves in the fest