About the impact later on in the show. Time now for bloomberg time now to dig a look at all the news you need to know, from d. C. To new york. We are joined by bloombergs michael mckee, taking a look at all of the Market Action and economic action out of europe. It was a tough day for services pmis. Michael absolutely, and the charts tell the stories. These were the worst numbers ever for france, germany, and the eurozone, showing the Service Industries worsen manufacturing, and in part due to a quirk in the data. The market, we get pmis at 9 45 this morning. The same sort of data are expected. We also get the Bloomberg Consumer comfort index, the most highfrequency Consumer Confidence data. That has been moved up two days. The crashing of the european economies has revived talk, or pushed, shall we say, talk of stimulus higher up the agenda. German chancellor Angela Merkel has already decided that she is going to establish a Stimulus Program to help revive the economy, and she has put
It seems are just written in stone, judge, you fade whatever the fed whatever movement you get out of the fed day, you fade that. We were down 130 yesterday. If you would have faded it, boy, did you have a nice comeback today. To your point, moving up 150, 160 points, looked like it could overtake 20,000. The same sort of thing, the pullback, well see if the pullback in the bonds because that is one of the things that we and jeff have cited over and over again, if we blow right through 260 and head to three in a hurry were not set up for that. Europe at 260 but 80 points away from dow 20,000. Josh, you have 31 new highs, bank of america, goldman, jpmorgan the banks just continue to rip. The same stocks that got us here. One of the things youll hear a lot about now is the dollar, and overnight obviously things got a little bit dramatic. Now were talking about euro parity. What will help listeners and viewers navigate that conversation as it develops which is there is no signal contained
9 00, good morning. You are watching the pulse. Im guy johnson. Francine lacqua is not here today. She will be back tomorrow. This morning, we began in paris. The deadly attack yesterday left 12 dead. This morning, we have had another shooting in paris. It is to the southwest of paris. Caroline connan, my colleague, has just arrived at the site and joins us now on the phone. What can you tell us . Ive just arrived at the site a few minutes ago. You have ambulances and police cars everywhere. We have to be very careful at the moment because we cannot link what is happening here in chatillon in the south of paris with the attacks yesterday. What we know from different reports this morning is that one suspect has been arrested on the subwaytw. O on the subway. Two people have been injured. One is a woman, the other is someone walking on the road. What police have been saying this morning is that there was an accident earlier in this area near chatillon between two cars and that is when po
Other advertisingbased names like werner, disney and the growth broadly. Tgif what an epic week. We start our show with amazon shares they are surmging after reporting better than expected q2 results painting a bright picture against the macro back drop. Basic Consumer Spending has remained strong. Management adding overcapacity concerns something that dragged down the stock in the first half of the year are now being solved. They do warn, however, inflationary pressures remain and could be strong in q3. A negative on the quarter, amazon taking a 3. 9 billion hit on its investment in rivian which resulted in 2 billion but there was a 12 billion gain a few quarters earlier this is basically the ceo saying, he knows this playbook he watched jeff bezos, figure a lot of the stuff out amazon went from one of the worst performing mega caps this year to maybe in the best position for the second half of the year and i have to give you credit when a lot of the street was getting bearish on the
10 year Government Bond yields dropped like a stone. Yellen, the United States of america everybody is having this emotional breakdown over these equity moves. These are small in a relative sense. Equity markets in europe are rising today. Seven days in a row. The longest losing streak since november of 2011. Volatility is rising. As far as risk, that is the question. Markets can fall, but if there is nobody there to catch the fall in price, no Market Makers to provide a decent level of liquidity, it throws off a much bigger issue. Dissipatedulation liquidity . Equities are rising. Rising equity markets around europe. London is up. I am curious what is going on in paris. Lets have a look at some of the other companies. Bskyb. Acquisitions. W pharma immunology, fascinating area. St is the driver behind roche number. Bskyb. Netflix took a drop last night. Number of people leaving versus arriving is flat. Notice therenyone was no inflation . That is what is hurting nestle. 4. 7 . Rket was