Together. The bank of england says it may be time to tighten soon. More like two and through. Scandal forces steve wynn is from the helm of his empire. And, a tsunami of earnings reports. I am pretty confident with the capacity to deliver in our business. We will stay disciplined within the capital framework. We are interested in being the most profitable. It is all ahead on bloomberg best. Ramy hello and welcome. I am Ramy Inocencio. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Investors enter the week on edge after the dow dropped 2 , then on monday the plunge continued. The Dow Jones Industrial average losing 1175 points, a 4. 6 decline, now off 1. 5 for the year. Last week we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. That suggests for the first time it was about Risk Management and position reduc
Made have an old fighter print the did not say one and done. Companies around the globe unleashing a tsunami of earning reports. Confident we are going to stay very disappointed. Cooks it is about being the most positive. It is also the head on bloomberg bus. Hello and welcome. This is bloomberg bus. Mosteekly review of the important Business News, interviews from Bloomberg Television around the world. Onestors entered the week edge. After the dow jones dropped. Monday the plunge continued. Jones was in a 1100 points in one day. It is now down for the year. Last week we have the monotonous rise in treasury yields. To the yield comes off a little bit. For the first time it was about risk management. The cta trend followers. It has been for the entire last week. They are looking and say in may be tax reform is not entirely a great story for all companies. It started to dissect after you that is what has them spooked. We have some price discovery right now. Off kind of disorganized so thi
1. 25 . Still a mixed picture here as we continue to see these swing back and forth from the major averages. Look at the s p 500 on an intraday basis, and stocks open lower, and of rising to the highs of the session around 11 15 or so, and have been shopping around for the rest of the day. Some of it it appears where the equity markets were getting this were from the bond markets to some degree, particularly around 1 00 p. M. That is when we got the results of the latest bond auction in the u. S. A 10 year option, 24 billion worth. The weakest result we have seen in five months time. After the auction, we saw yields go to the highs of the session. That is not to say that every move and take in this equity and rally has been pushed around by the bond market, but investors are watching what is going on in bonds to some degree. Also, we are watching what is happening with oil. We see a for data klein in oil prices that amounts to the worst that we have seen in more than six months. You se
Im Courtney Reagan here in for sara im dominic chu in for wilfred frost. Wilfred had a great fundraiser last night hes out in london best wishing to him. Lets check the Global Markets this morning the futures are pointing us to a slightly lower open for the dow jones as well as the s p 500 the nasdaq for now is holding on to an implied slight gain if we were to open here. This is after we had a down day yesterday across the board for the broader indices. The dow, the s p and the russell 2000 broke sixday winning streaks. The nasdaq was down for the second straight session. Look at the tenyear weve been hapaying attention to this, 2. 888, very close to getting to 2. 9 again. Lets look at asian equities. That picture, if you look at where they are, basically a green picture for the most part. The south korean posi itykospi half percent the hang seng, up 1. 81 . The nikkei up by a quarter percent. Lets look at the action in europe things are Getting Started over there now. We are seeing a
A decline of 10 yesterday because of disapointrtificial intelligen disappointing sales they have been changing their strategy are they on the right track if they get the inventory right . I dont know. Theyve been seeing Phenomenal Growth for the first three quarters of the year 25 for the Fourth Quarter because of televisions and electronics instead of the everyday items. It says here they had so many tvs and toys they ran out of toilet paper they had no toilet paper to sell, okay which is important for a basic store like walmart do the maslow hierarchy of needs, survival, food. Before the big screen tvs and surround sound, there is the toilet paper its not just the inventory issues, its focusing on customers, theyve been spending on marketing, trying to bring in urban, younger customers now focusing more on the basic customers and bringing them in to walmart. Com does amazon know how to do this better than walmart amazon has had some practice. We will look at the u. S. Equity futures.