Chair. Fed the janet yellen era has come to an end. Just a few more weeks and janet yellen is out of there. Are piling in, they stocks, thatn with ripped in the u. S. Permeated the emerging markets, some are trying to figure out who was meeting who but i want show you one indicator here, this chart that gives you a sense that the and may be coming soon. 2717 measures the breath of the stocks. About 80 of the s p 500 stocks are now trading above their 50 day moving average, that is usually a sign that bull run may be ending. You can see that this has happened a few times during this bull run. We have not seen any and to u. S. Stocks. You just ignore the technicals, we have seen these red alarms before and we see rallies continuing on forward. People say 2018 is that risk where we see these trade tensions escalate and we did see that from the president today. Lets check the u. S. Markets and how they close in reaction to others headlines, you had the snp of about 2 10 of 1 , the dow trad
I am francine lacqua. Manus i am manus cranny. We have a pack our. We had a packed hour. The Worlds Largest maker of eyewear. We are going to be talking to the ceo. Keep it here. Manus the extended slump in crude oil prices. Bp announcing a fall and profit for the Second Quarter. The adjusted figure dropped from 3. 6 billion euro 3. 6 billion a year ago. Manus gas producer Beat Estimates, but that income was down to 7. 2 billion. The companies president told brutal bloomberg told bloomberg there is more to come. What you can expect and shortterm you see more supply then demand in the market out there. Pressure on the oil price. That is the situation that will remain for some time. We have indicated that by 2018, we should expect oil price around the shape and form of that development is something that is uncertain. Francine bloombergs chief energy correspondent, harvey blas. Have year, thank you for joining us. In terms of the earnings whatever learned . Have year the javier the compan
Home turf. Betty hello and welcome to daybreak asia. I am betty liu at Bloomberg Global headquarters in new york. Been on thes u. N. Voting on these tougher sanctions against north korea, but not tough enough, right . Of the oil embargo falling far short of that that was talked about were discussed by north korea. Still, this is going to cut north korean exports by about 90 , and that is still going to have some bite on north korea. Haidi absolutely. Looking at these numbers, the sanctions cutting 55 of north korean death, diesel, and heavy fuel. Energy short of that embargo as well as the freeze on his assets that have been sough t. It is a little bit of a compromise because it was widespread expectation that the sanctions would not have gotten the vote of china and russia. Betty ahead of all of this news, which was widely expected, the market had a steady day a seller day. A record for the s p, with leadingls and techs the way. The dow higher by 260 points. The nasdaq also gaining by
The potential for continued supply cuts. We will examine all of those questions over the next two hours, but we are 30 minutes into the trading day of the u. S. Abigail small trading moves for the averag major averages. We are looking at the possibility of another record high. Take a look at the dow with a fractional gain. That puts the dow on pace for another record closing high. It is very early in the day, but this will follow two days of records. However, the s p 500 and the nasdaq is still in the red. Yesterday, they follow the diet dow higher. 4 10 of 1 . Down for a third day in a row and it seems investors are selling the news of the iphone x that was well received by analysts with the stock up more than 35 of the year. Some investors to be taking profits. We have facebook lower and nvidia lower. Take a look at Gilead Sciences down 2. 3 as the company has had to sell some debt. At the topake a look sectors, device sector for the s p 500. This is the Energy Sector up, driven by o
The president called the explosion another attack by a loser terrorist and suggested London Police missed an opportunity to prevent it in an earlymorning tweet. His travel ban that targets mostly muslim nations should be larger, tougher, and more specific, but that would not be politically correct. The president will meet with leaders of south korea and japan next week in the wake of last nights Missile Launch by north korea, according to an administration official. The u. S. Is not planning to announce any further retaliation, and there are no plans to push for additional sanctions. The u. S. Continues to lean on china to use it Oil Deliveries as leverage against north korea. Has cut off medicaid funding to a nursing home were eight people died after Hurricane Irma. Workers say the air conditioning failed during the storm as they struggled to keep residents cool. Police have opened a criminal investigation. Global news, 24 hours a day, powered by more than 2700 journalists and analyst