Now the markets, after session lows down across the board, 1. 5 . The falling price of oil is bringing down energy stock. 1. 4 . P 500 is down the nasdaq is down 1. 6 . We did get good u. S. Retail sales data and Consumer Sentiment. As well as lower unemployment numbers. That is not to turn this around. For every one stock of, 8 stocks are down. For the week on this friday, the worst performance since november 13, we are down by 3. 5 and 70 points. The index is going 20 six sessions without back to back games. The record is 28 days. That was set in 1970 him and he hit it in april of 1994 and again this march. Two more days and we will tie it again. Three days, and it will be a new record. Oil, a lot of superlatives in the market. Nymex crude is down 2. 9 . It is down for the sixth day in a row. This is its longest losing streak since march. It is the lowest since february of 2009. Natural gas is falling, it had broken below the two dollar mark, and it has risen above that at two dollar
Times forward earnings. It is in that range. I went to the Oxford English dictionary on my bloomberg terminal. Frothy. 1533 is the first definition. It says, frothy, their frothy waves. It is a frothy surveillance this morning. A frothy brees. Breeze. Economic data here in the u. S. We get producer pricing index. Janet yellen will be watching that. 9 15 Industrial Production. How much are Companies Operating . The beige book at 2 00 p. M. Earnings before the bell. Blackrock in bank of america. Scarlet, you will be breaking bank of america. Can we have a moment of silence for scarlet fu . She rocked it yesterday. Jpmorgan, goldman sachs, it was awesome. It was a pretty busy day. I like that. False, brands get two thirds of their business outside of the u. S. Tubing items of note. Two items of note. Janet yellen testifying before congress for the second day in a row. 15 years ago today, jfk juniors plane crashed off marthas vineyard. That was terrible. No other way to put it. That is the
This is bloomberg surveillance. The morning after, switzerland will confront massive deflation. Goldman sachs, they are not jp morgan. How lousy was trading in the Fourth Quarter . Venture capital in 2015. Watch your internal rate of return. This is bloomberg surveillance, live from new york. Friday, january 16. I am tom keene. Joining me is Olivia Sterns and brandon greeley. Top headlines. In belgium a manhunt underway after police supported a possible terrorist attack. 15 people have been arrested. Police killed 2 suspects in a shootout and another was arrested. Authorities believed some suspects had just returned from syria. French authorities have arrested 10 people linked to last weeks terrorist attack, according to French News Agency afp. Aftershocks from the move by the french central bank. Fx firms are having problems. A new zealand dealer says it will shut down. A british fx broker alpari says it is insolvent. Equity markets are relevant too. Asian and european stocks down and
State of emergency in baltimore. He said the demonstrators had crossed the line. People have the right to protest and expressed their frustration. Baltimore deserves peace and safety in communities. These acts of violence and distraction of property cannot and will not be tolerated. Olivia Public Schools will be closed in baltimore and there will be a curfew. The death toll from that quake in nepal has risen to more than 4400 and its likely to get worse. There could be as many as 10,000 people dead. People are trapped under the rubble and rescue workers of not been able to reach remote villages that are completely flattened. People are living in makeshift tents. The cost of rebuilding will exceed 10 billion. Chinese consumers are flocking to the iphone. That has profits soaring at apple. Quarterly orleans raised 33 . Iphone sales in china outpaced those in the u. S. Iphone sales were up 40 . They are on track for their highest profit in three years. Brendan the dividend is up 11 . Bren
Everyone from Social Security pensioners to bondholders. It wouldnt necessarily lead to a default. Lew urged congress to raise the Borrowing Limit. Cheryl James Bullard said the fed taper is likely less to come this month given shutdown in washington and data lag and debt ceiling fight. David imagine this, folks we had a huge rally despite the number of firsttime jobless claims soared 66,000 last month to a sixmonth high of 374,000. Officials said, the number was distorted by reporting problems in california. The effects of the partial government shut down. Again, bad news, good market rally. Cheryl u. S. Shoppers remaining cautious in the month of september ahead of the Holiday Shopping season. Thomson reuters samestore sales index rose 2. 2 . That is weaker than expected. David Liberty Media chairman john malone said Cable Companies should set up arrive val to netflix. They believe it would help the cable industry solve the problem of high costs. He is a happy man. After the bell on