Bottle. We seem to like to talk a lot about alcohol on this program. Lets head to the markets desk where julie hyman has the latest on that. I dont want to speculate why. Julie i think its obvious although im disappointed if it is 35 grant a bottle, we will probably not get a taste test. Lets take a look at whats going on with averages. A pullback here after a big update for stocks yesterday. We are seeing selling despite what was largely a morning of stronger than estimated economic news. Even Industrial Production came in better than had been estimated but that is not helping stocks. The imap for the groups on the move, Consumer Staples pulling back the most today along with health care shares. Consumer discretionary lower. Ofrgy industrials are kind limiting losses we might otherwise be seeing overall. I did want to talk more about home depot. Is it a bright spot in retail . Not if you go by what the shares are doing. They are pulling back. On the one hand, home depot did come in ab
Merchandise developed over 40 years. We are 30 minutes into the training day in the u. S. Lets head to the market as with julie hyman. Wish they wouldve written in the margarita discussion during the break. Lets take a look at stocks. Seeing a selloff in the u. S. Despite the rebound elsewhere, especially in european stocks. In the u. S. , it is not happening. The nasdaq is down. 5 . Lets took at the lets take a look at the bloomberg. We have commodity stocks higher. On the lower end, Consumer Staples are selling off, particularly soda stocks are getting hit after philadelphia instituted a soda tax. Technology and health care lower. Technology, there was a ruling in beijing against apple same the company in france on a patent of the chinese phone maker saying the company infringed on a patent of the chinese phone maker. It just applies in the city of beijing, not elsewhere in china, but could set a precedent for other cities and regions. Are also and alphabet taking a hit today. We are
We talked to an economist who is going against consensus and says today is in play. Fromank of japan refrains another Interest Rate cut and instead pledges to bolster the market yield cuts. How investors are coping in a less than zero rate environment. Football and potential fraud. How a Chinese Investor group is seeking funds to buy ac milan, false big report during the initial bank negotiations. A lot of Market Action today, we have already seen some movement after the bank of japans decision. Lets get straight to julie hyman in new york. Potentially, a lot more to come this afternoon with the federal reserve. All three major averages are rising. We saw an increase in stocks in japan and an increase in the yen, even after the bank of it is not that necessarily limiting asset purchases, it wont make any more for the moment but there is skepticism being expressed on the part of investors. In the u. S. , all three major averages are trading higher by. 5 going into the fed commentary thi
Englishman in the house to discuss it. Google unveiling a new smartphone called the pixel. A number of other hardware products. We got someone who says todays announcement shows google is finally ready to take on apple. Hell explain why. Who comes up with those names . Pixel. Reminds me of the movie. Pictures from facebook, guns, sex, drugs, and facebook. Is that what you do at night we told you yesterday about facebook is this what its going to be like for two hours. Facebooks new marketplace was launched yesterday to take on the likes of ebay and craigslist. People are already selling some illicit items on the facebook site. Well tell you how the social network is responding today as we show you more and more of these photos here. And for the first time medical device maker is warning consumers about a cyber bug in one of its products. Johnson johnson said one of its insulin pumps is vulnerable to hacking. We got details. And the guy able to hack the device. This is no longer just an
Julie it was triggered after we got Economic Data out of china. We saw it spread around the globe. Commodities got on board as well. All of that contributes. You will see what im talking about. Its bumping along your the bottom. Its not as low as we were when the s p fell 1 . We have seen something of a tracking of oil prices. Nonetheless, directionally both of them are taking a step lower at the same time. Oil prices are up 3 . There was an attempt at a rally in oil, but it could not be sustained. Energy shares are the worst performers, down 3 . Some of the recent winners. Those of the losing losers again. They helped lead a recent rally and now they are gone again. Financials are competing. Alix you have a draw into the treasury market. Everywhere. Here and look at the 10 year note in the united states. We see the yield go down to 1. 82 . The 30 year is interesting to look at if you look around the globe. Investors want safety right now. That has been happening all your long. The que