It has been in markets and we talked to various experts within Bloomberg News editors and reporters about who they thought was influential this year. There are interesting people outside the world of finance. Ellen john oliver is among them. I am not sure if everyone will agree with him, but if you look at the story he did on puerto rican debt, and got an unbelievable number of hits online. Most people know about that of john oliver. Hedge funds are not doing so dramatically well. David there is a profile of for in the Global Economic section. Now theyre moving toward article 50. Tell us about theresa may. Ellen so the story is about how they are calling her theresa maybe, because she is contemplating article 50. She says she needs to make decisions. They can come up with a trade deal before they actually exit. Carol but from what i hear, once she makes a decision she sticks with it. You guys take a look at samsung. What about apple . Ellen they realized apple was going to have a treme
Here is what is most interesting. The defensive trades stood out as the biggest winners. Gold seeing the biggest quarterly gain in 30 years. Utilities up 9 . Telecom getting more than 15 . And the tlt rallying 8 for the quarter. So you stick with the winners. Do you stay defensive in q2, guys . I think the defensive nature is why people, specifically me maine still question the validly of this rally. Do you stay with those trades . I think you stay with certain things working. Home depot has been a monster. Cocacola has been a monster. Now were trading up against resistance. Gdx, for example, failed at levels we last saw at may of last year. Steve talks about xlu all the time that is also trading at levels that potentially are double top. So i think there are certain stocks that continue to work in terms of momentum. Some of the trades that have been defensive might be getting a little long in the tooth. You could take a look at the valuation, for instance, grasso on utilities. Utiliti
The strong dollar and weakness in its eye care business weighing on the bottom line. Could apple fall far from the tree . The stock closes in in the red ahead of earnings. Signs iphone sales are slowing. Here we are. The week is going by so weekly. Lets look at u. S. Futures and how theyre fairing. The implied open obstetricaling us were seeing gains today above fair value. We should be up just about one point or so. Meantime the Dow Jones Industrials prized higher and then the tech heavy nasdaq, were looking at declines a little bit by maybe half a point or so. Lets check in on european markets first. Im get too excited arent i . James bond, the premiere last night and we have casino opening in macau to way ahead of myself here. Were not going anywhere today the cac 40 down by a third of 1 . The german dax on a four day winning streak giving back some of that so we could see the end of this today. And the ftse 100 seeing losses of a third. Its over to you now, right, wilf. Indeed. Yes
The hedgefund closes its doors after the industry veteran says he lacks commitment. What is going on with sidecar . The uber rival fails to get off the starting line as the ride sharing business backed by google and Richard Bransen says it is shutting down on new years eve. Here we are. A second last session of the year. Lets check in on futures and what theyre imlying to the u. S. Market open coming off the 1 rally. Its in line with fair value so were priced lower for the s p 500. Giving back free points at the open. Dow jones industrials called down by 17 points and the nasdaq. Were above fair value. Called higher by 2 points. Heres the rally we saw yesterday. 5 billion in trades being priced yesterday which is in line with Christmas Day and thanksgiving day. So the Dow Jones Industrial up 1 . S p 500 with the 1 rally. Positive territory for 2015. Lets see if we hold into the years end. As for technology because that was what was powering u. S. Shares yesterday. The likes of apple. A
5 after the swiss pharma giant reveals two studies aimed at alzheimers and Breast Cancer have yielded disappointing results. And president obama signing a new russian sanctions bill, but stops with corporate sanctions. Basf calls off a deal with gazprom. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And its 9 00 a. M. Here in london. Lets take a look at the europe 600 heat map. Extending the rally that we have seen over the past couple of days. Yesterday, the best oneday gain for european stocks in three years. A lot of that has to do with whats happening in Global Markets. In fact, yesterday the dow surging over 400 points, the best oneday gain for the dow since november 2011. Well get to that in a second. Lets focus on whats happening today in europe. Diving into the individual markets, the ftse 100 up about 0. 8 . The xetra dax up 0. 53 , 52 points. 9,863. The german Consumer Sentiment number rising to its highest level in eight years