We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward
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
On cnbc. Im sara eisen. Im wilfred frost. Good morning. Its throwback thursday. Throwing it back with some throwback cover songs. This sounds like the original to me. Its not. Obviously. There we go. Our top story, the president ial debate, the final faceoff between republican candidate donald trump and democratic candidate Hillary Clinton. Once again pushing the boundaries of political norms. The take away is the headline. Trumps refusal to commit to accepting the outcome of this election. Chris, she should never have been allowed ed ted to run for presidency based on what she did with emails and so many things. Theres a tradition in the country, one of the prides of this country is the peaceful transition of power and no matter how hardfought a campaign is, at the end of the campaign the loser concedes to the winner. Not saying that youre necessarily going to be the loser or winner. But that the loser concedes to the winner and that the country comes together in part for the good of
The world. And i have to say i personally was shocked to see that the journal would publish Something Like this, when we had sent them over a thousand pages of documentation demonstrating that the statements in their piece were false. Bill george is Harvard Business School Professor and cnbc contributor. Jeffrey sonnenfeld is associate dean with yale school of management. Great to have you with us. Collectively, including jeff who is going to join us soon, you called the science into question, you called the company a scam. You called the ceo a bad actor. A lot of ground to cover here. Lets start off with you. You equate Elizabeth Holmes with the likes of mike pierson, the outgoing ceo at valeant and Martin Shkreli, the bad boy poster child of bio vehictech. Theyre doing great harm to the pharmaceutical industry. And such a contrast to somebody like ken frazer at merck. It worries me a great deal, particularly in a Political Year when they get a lot of political pushback. Theranos has
A very tense hostage situation over in sydney, australia now at an end. More than 16 hours, loud explosions. There have been fatalities. A number in serious condition, just how vulnerable might u. S. Targets be . Lets check in with sue at the new york stock exchange. We will have that story shortly. That is one of the reasons why we have had such volatility in the markets today. Everybody here watching the situation in australia. Triple digits to the upside and triple digits to the red. This market trying to climb into positive territory with the dow down 28. Nasdaq down 16. We are only down about 1. 3 points in the s p. We are dealing with the collateral effects, Collateral Damage associated with oil. The hot topic down here right now is not u. S. What is going on in russia. You can still trade russia even though the market is closed there. Look at the etf for russia. Symbol is rsx down 10 . This is an intraday. This is today. We are still sitting towards the lows of the day. This is