We will talk about that over the rest of the hour. 10 year yields are up about four basis points to just under 466. Lets talk about assets. Tremendous volatility on other Asset Classes as well. New york crude down to 81 on the day, just under 82. 8 lower. The dollar is still getting some strength along with yields. The yen is weakening to 157 on the day. Remember, there have been accounts by the Japanese Central bank, reviewed by bloomberg, show and likely intervened in the market monday. You saw strengthening. Back now to 157. Coco is interesting. You saw it drop as low as 27 . Now it is up more than 2. 6 on today. What is interesting is extending liquidity in the market shows you how wild you can see this wings leading to one of the worst drops you have seen in coco in decades, just earlier in the day. Midday movers on the equity side. Ge healthcare reported sales for the quarter missing the average estimates. Analyst sees this talk pressured after weak results with the company we ar
I am Katie Greifeld in new york. Welcome to bloomberg markets. We are charging to the finish line this friday. The s p 500 is higher by. 9 . Matching my shirt. If you look at the nasdaq 100, big tech is up 1. 4 . We got some earnings last night, and they were pretty good. Look at the bond market. It is interesting. You have the 10 year yield lower rate by six basis points, even though the core pce price index, the feds preferred gauge of underlying u. S. Inflation, was rising at the quickest pace in quite a while and actually beating expectations. Bloombergs mike mckee joins us to break it down. Walk me through this Market Reaction. Michael the Market Reaction is interesting. We are at status quo after the pce numbers on wednesday. We just got some interesting information from the university of michigans survey that shows people think that inflation is still going up on a oneyear basis, up to 3. 2 from 3. 1 . The fed is not going to like that. No change in the five to 10 year inflation
If you want to look at what is happening in the u. S. Equities this morning, you will see green arrows dow up 25 points right now you have the nasdaq up 1 the s p is up 4 points it is a complicated month. You have most of the major averages on track for the worst. Dow down the last six of seven sessions a lot of questions about what comes next and comes from the fed. Is a recession coming . Will they land softly . It is an interesting use of the word interesting above 4 6 the inversion widened a bit. We will see what happens today crude Oil Prices Surging to the highest level in over a year we are talking above 93 brent at 96 a barrel. All of these questions mean what does it mean for inflation with energy picking up . The crude is off the highs of the session. Above 95 here. Not brent. It is a tricky time. Do you think it is always tricky. Sometimes we feel calm about things i would say investors have more sense of unease lately that is why you have the pullback in the major averages
We will air excerpts from the debate and speak to former president ial candidate ralph nader about trump and the race. One thing about trump being a serial law invader evader, he does it day after day, brazenly. Here is a person who said in july 2019, then i have article two when i have the right to do anything i want as president. He later insisted that the constitution should be terminated. Amy and we speak to david dayen of the american prospect about the lawsuit against amazon and the growing calls for senator bob menendez to resign after he was indicted for bribery. Now at least 30 democrats want him out. All that and more, coming up. Welcome to democracy now, democracynow. Org, the war and peace report. Im amy goodman. Seven republican president ial candidates squared off at the Ronald Reagan president ial library in california wednesday at the partys second debate but once again the races frontrunner donald trump did not participate. He was criticized multiple times for skipping
Alleging it operates as an illegal monopoly. A federal lawsuit filed today as you coos the ecommerce giant of strong arming Small Businesses and harming consumers. Cbss jo ling kent has the det details. Reporter the federal trade commission is taking major legal action against amazon, calling it a monopoly power. The agency, along with 17 state attorneys general, filed a landmark lawsui in Seattle Federal Court today, alleging the Online Shopping giant exploits its monopolies in ways that enrich amazon but harm its customers. The ftc claims that amazon stifles competition by charging sellers like Small Businesses higher fees, which causes Online Shoppers to face artificially higher prices even when shopping somewhere other than amazon. The government also accuses the platform of replacing search results on amazon with paid ads, putting its own brands over higherquality competitors. Amazons top lawyer responded, saying the practices the ftc is challenging have helped to spur competition