Vonnie in the united states, fractional gains for the s p, up about 0. 25 . 3. 3 two stocks, at t up on the news that elliott has taken quite a substantial , andion in the business part of that is that the stock rises by 50 , and that margins expand pretty rapidly. Up 3. 5 as well. It will be interesting to see what happens tomorrow at the investor day. Investors looking for all sorts of answers, including whether les wexner continues to stay at the helm. Guy sticking with the markets and the Global Impact of trade and a long list of geopolitical concerns, we are joined now by mark redman, omers global head of private equity. Big canadian pension fund, so youve got a pretty clear view of what is happening around the world, and probably you and your colleagues invest into most of it. Lets talk about what you guys see in aggregate. Its been a very long economic cycle. Is it likely to come to an end . Mark thats a great question, and thanks for inviting omers onto the show. Much appreciat
Operation managed to save everyone on board of two boards distressed in libya. The recent humanitarian and medical assistance. The coast guard has saved more than a thousand migrants in the past week. European commission chief says that the offer is still on the table for the United Kingdom to remain in the eu, even after both sides have entered the second phase of their divorce talks. Addressing the eu legislature, he said that we are not throwing the british out, would like them to stay. The exit of Great Britain is a catastrophe. That we all have to deal with the consequences of. Says that even if article 50 is set up for the u. K. To leave, theres an article that would allow them to a seat again, and i would be happy to facilitate that. Proposedr says that he new puzzles to settle a 25 year dispute involving greece and macedonia were progress can be made. With the core shares of both countries today, he is very hopeful that this process is moving in a positive direction. Leadership
Look at the brexit haunts, odds, what groups are affected by it. Take a look, we have the major averages of five better than 1 off the highs of the session but definitely reacting to this risk on sentiment that is due to come at least in part to what is unfolding in the united kingdom. If you look at the gains we are seeing, a pretty broadbased rally. Utilities is the only group down. Consumer discretionary, industrials, financials leading the gains with the cyclical groups leading the gains in todays session. Leading the s p to its best gains the best oneday gain in three weeks time. Automakers is a big part of the rally today. This appears to be what is going on in the u. K. This group is very currency sensitive. Because of all the volatility that has been attached to the possibility of brexit, that has not been good for these guys. Bouncing back our shares of tesla, rising today. Rbc wrote today it is more confident in their ability to ramp up production after a visit to its Product
Waiting for apple, the fed. Stocks are bouncing around in a very tight range. They opened higher, then they went lower. Now they are trading. S p is the leader. Earnings still remain in focus. Individual stocks moving on that rather than the entire market. Apple could change that. Eae a look for the latest on on the s p 500. The s p is orange for this current quarter. Im comparing it to energy and financials. We have already seen some of the countries in these Industries Report but not the majority. You can see the drop in energy and Financial Sales and earnings. We knew that going in. Some of the are worst performers in terms of the yearoveryear change in earnings. Overall we are still seeing the average beat rate around 80 . Thats pretty much the same quarter after quarter. Systems theer truck rental Company Coming out with earnings beating estimates. An hmo Company Coming out with earnings that Beat Estimates. When got sales here missing estimates in particular. Is in the samede sit
Tyler, we begin with the selloff on the street. A triple digit drop for the dow with the major averages down more than 1 . This is actually we havent seen since late september for the dow and the s p. Weve been sort of a little bit complacent recently after all the volatility of late august and september. The nasdaq is down by just over 1 along with the dow and the s p. Lets get more with bob pisani at the nyse because you have fears, bob, about retailers reporting this week as well as, of course, the rate sensitive stocks in the firing line as well, right . Thats right. A number of different issues here. Six stocks declining for every one advancing. Look whats popped up again, the vix. We havent seen this move double digits since the end of september. Its 16 and change. I dont get concerned until its over 20, but this is a move we havent seen in the last five or six weeks. Why the drop . Mandy is right, a couple reasons here. There is continuing concerns about the reverberations on hi