Bill. The other group that we are seeing have the biggest reaction is perhaps the medicaid exposed insurers. So were seeing here molina is up by 2. 4 . Centin, wellcare, a couple of other insurers that are trading higher. Theres Something Else from the bill and im looking here as we are all trying to piece through the bill and look at the various pieces of it, apparently this latest proposal will provide an additional 50 billion over four years to stabilize the insurance exchanges. So even some of the larger insurers have been reacting, not as dramatically as this. But they are higher today. In fact, if you take a look at the groups that are moving in the s p 500 on the bloomberg, on the imap youll see that health care is in the top spot. And in fact has been rising all week. And has been outperforming the s p 500 all year. Health care in the top spot here, up 1. 25 . As we see these gains here as we get these details of the bill. Again, with the caveat that we dont know if this is wha
Central bank caucus trade. Selling continues in 10year german bunds. 3 isg dollar, cable up now on track for the seven day winning streak. Of by over 100 basis points. The one thats not participating in the central bank trade you have dollar higher, yen lower. Because kuroda is not on board. Anna have we made too much of what carney had to say . Time for your morning brief. Some u. S. Ego up data including the third reading of First Quarter gdp and weekly initial jobless claims. Fed president James Spurlock speaks in london. We will rate his disapproval of the pace of rates currently priced in by the fed. At 6 00 President Trump will meet south koreas new president. House. At the white they will be talking trade, geopolitics. Breaking news. Have a merger. Rite aid eight and walgreens are mutually agreed to terminate that merger. Really Interesting Development for the companies. You wind up having walgreens up by over 1 in premarket. Right eight seeing a nice pop as the merger is termin
We are trying to process these numbers as they come out. It looks like a good story. Allison the first thing we look at is in line with some of these estimates weve gathered. The interest margin is something im looking at. The yield curve is something that everyone has been watching over the past quarter. Pastgan has said in the its more important to them. It down. Merica had it were people paying attention to this . It doesnt like the interest margin is coming in low. David it looks a fair making more loans and making it up on volume. Allison it has to do with the expectations. When you look at the data, it is slowing. It looks like they are talking about 8 loan growth for the year. I think we will hear more about what they see in terms of demand. One of the things jamie dimon has been vocal about his tax reform and how that can help his corporation. Charles, your initial thoughts . Think there is 400 million in reserve recovery. That is . 12 per share. Say 1. 69. I would like to see
On the u. S. 10 year. The euro firmer against the dollar. Alix take a look at commodities. Oil below the 100 day moving average. That is significant. I wanted to point out it is not just oil that is weaker. It is the entire commodity complex. Iron ore, copper also down. Gold a little softer as well. It is important. Not just about oil or the oversupply, but weakness permeating. Jonathan lets get over to pray for now. President mario draghi predicted to leave Interest Rates unchanged through the end of 2017. Joining us for more ahead of the decision is jamie murray and matt miller. I wanted to start with a simple one. What are we expecting today . We are not expecting change in Monetary Policy for the ecb today, but we are expecting a change in the ecb inflation forecast. 1. 3 ank currently sees inflation for 2017. Running much hotter than that. It is at 2 . We expect the ecb to nudge that up this year. Comes off in 2018 and back in 2019. The question is, when is mario draghi beginning
Resign following his firing of the finance minister without Consulting Party leaders. Nejra ive got the imap on the stoxx 600. You can see the stoxx 600 has taken a bit of a turn to the downside. Fallingustry groups than gaining, and intels providing the biggest lag, down 1. 2 allah by consumer discretionary. On the upside, materials were gaining earlier, but they are pretty much unchanged now. We are seeing quite a lot of red across the wheel, even Energy Stocks are down. 4 . This comes after three quarters of gains for the stoxx 600 but it looks like we are heading into negative territory on the first trading day. I want to look at sterling. Butre seeing some weakness, we keep talking about shorts building up in the sterling trade. Totalhows a percentage of speculative positions and it shows the markets bearish tilt has been more extreme in the past. Is courtesy of one of our first word strategist. Here, i want to take a look at the german yield curve because if you want to know how