Seeing across Asset Classes that are seeing the stocks lower. It is the biggest oneday goinge for the s p 500 back to august. We saw that earlier in the week as well, and we are also seeing simultaneous at least 1 decline for each of the major averages. This has become increasingly uncommon until the past week or so, when we see volatility returned to the market. Scarlet mentioned what has happened on the week as well. As well,500 down and you have to go back to february 2016, or depending on the lowest today, maybe even january 2016 to find this kind of magnitude of a drop. It is being felt in a lot of different ways in the market today. We are watching media stocks among the groups that are selling off today. Are both trading lower, Discovery Communications as well. Analyst who covers media was on bloomberg earlier, and he says he believes the cbs ceo is reluctant to go ahead with some sort of combination between cbs and viacom, something that has been talked about recently. In other
And we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. Had it happened. The twopoint conversion never happened hold on, an end of an era, do you think the moment is past now . I do actually, ill tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. Really it happened that way. The defense was weak throughout the entire i agree with that it looked i dont want to be a naysayer, but i think its going to have to be a structural change if that team is going to have to stay in Super Bowl Contention next year most of us want to see the coronation of brady agency the greatest ever. And belichick, the greatest ever we needed that win last night. So coach wonderful, whats your structural change id keep brady. Obviously, they have to keep brady. It was a money decision to whack their number two qb. You know, at the end o
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
World. You can see a mix picture and generally not bad at all our 10yr note year is moving higher thats stagflation. Give me a stagflation guess and tell me it is the end of the world. Crude continues to sell off a little bit lets get to our road map this morning. It does start with rates shock the question of course is it going to prompt the feds to raise rates at a faster pace the report says futures are at a lower market thatll be three Straight Days gains right new. How about this taco bell turn around the core rate minus food and energy rose 3 thats the biggest increase in a year data shows retail sales fell unexpectedly in january. They were down. 3 and thats the biggest pull back we have seen in 11 months. All of which leads me to you and what you think about this and what it means for our market and not just today right any negative or positive is obviously going to be radically in flamed by the vix issues. We know there is hold the line on 10yr we are going to really panic and
Which trains olympians. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. And this is Bloomberg Technology. Coming up, paul cant slapped with a massive fine qualcomm slapped with a massive fine. Plus, more highlights from the World Economic forum in davos, including our conversations with bill gates and the ceos of Morgan Stanley and the nasdaq. Intel gets ready to report its fourthquarter earnings. We will take a closer look at the impact to its bottom line. First, european regulators have slapped qualcomm with a 1. 2 billion fine for anticompetitive practices. 201 to 2016, qualcomm paid apple to exclusively use its chips in their products. Qualcomm pushed out rivals as a result. Our decision found that qualcomm cemented its decision by illegally shutting out rivals from the market for over five years. Appealualcomm pushed qualcomm o this d