Angle washington tonight. Looting as reparations . Thats the focus of tonights angle. I never thought i would see the day in america where looting almost seems to be part of the new normal. But, in democrat run cities, thats exactly what we have. Now, while the republicans were debating in california last night, rioters were busy smashing their way into little mom and pop stores for the second night in a row. Overnight Surveillance Video captures the moment a group breaks into this business in less than one minute they swipe merchandise off the walls and shelves leading mass Beauty Supply in ruins. How am i supposed to fix this . What next . I dont know. Laura i will tell you whats next. Unless we see an aboutface in policy, well get more of this. Until a night with no looting becomes the anomaly. Elsewhere in philadelphia, smashed windows broken bottles, and shelves wiped clean of merchandise is what remains of this liquor store. Thieves grew even bolder on wednesday ripping out what
Angle washington tonight. Looting as reparations . Thats the focus of tonights angle. I never thought i would see the day in america where looting almost seems to be part of the new normal. But, in democrat run cities, thats exactly what we have. Now, while the republicans were debating in california last night, rioters were busy smashing their way into little mom and pop stores for the second night in a row. Overnight Surveillance Video captures the moment a group breaks into this business in less than one minute they swipe merchandise off the walls and shelves leading mass Beauty Supply in ruins. How am i supposed to fix this . What next . I dont know. Laura i will tell you whats next. Unless we see an aboutface in policy, well get more of this. Until a night with no looting becomes the anomaly. Elsewhere in philadelphia, smashed windows broken bottles, and shelves wiped clean of merchandise is what remains of this liquor store. Thieves grew even bolder on wednesday ripping out what
A positive upward momentum we had recently. Be one of the reasons we are seeing a pause. Stocks have gotten too overheated levels, according to several measures. One of them is the 14weak relative strength index. We have a chart of it here for the s p 500. Line,y, this of her red when this goes over that redline it indicate stocks are overbought. On the bottom you have a green line that indicates oversold typically. So we have a record level for this 14weak indicator. If you look at the 14day rsi come it shows the highest since 1971. Momentum indicators have gotten a little overheated, and that is something investors have been talking about. Individualk to the stocks, watching some of those financial earnings as they come to a close. Morgan stanley, which has been bouncing between gains and losses this morning is holding onto a gain of half of 1 as the companys Wealth Management fees climbed to a record, raised its target for return on equity. On the flipside, bny mellon reported inlin
That limit their liabilities tied to the satellite. The European Central bank with the change the narrative on the state of Economic Affairs across the continent. Speaking today at a conference frankfurt. It would to focus on the future. We want to strengthen the recovery. It is an extension. It is not about moving out, it is about the pairing for the next session. And as strong as possible when it comes. The link to the better, obviously, but we have to prepare for that. He also said that some economies in europe need Structural Reforms to make the Single Market work better. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. It is noon in new york city. 5 p. M. In london, and 1 00 a. M. In hong kong. Markets. E to bloomberg your other top stories and around the world that we are following. U. S. Stocks in retrieval after hitting alltime highs on wednesday. Bonds are under pressure to as th
Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the downside today. Today. Trading it was one of the big winners last year. Merck is facing a potential classaction lawsuit contending they made a deal with the generic drug maker to delay competition for their cholesterol drug. Finally General Electric continuing their slide here as it has been battered over the past few days ill and the breakdown related to the Legacy Health insurance business. We are