They all did dip into the red earlier. Strongerq has been the of the three averages. We saw a shift in tone after we got the august isn numbers showing an expansion of the Services Industry at the slowest pace in six. 5 years. 6. 5 years. That caused a Ripple Effect across the market. Take a look at the bloomberg for how that is shaking out among the various groups. Stocks on thecom ride. Tilly companies tend to do well. Financials are lower in tandem with lower bond yields. I mentioned energy as well. , oilf the strongest groups has rebounded bit. There is a deal in the pipeline energy. Acquirednergy has been in a 28 billion deal. It is an all stock deal. Pipelineping the other companies. You are seeing them on the rise as the steel happens. We are watching a relatively smaller deal. They are buying yates petroleum. That is 2. 8 billion. That exposes expands their presence in the delaware basin. That is coming from morgan stanley. Withare signing a deal Subsea Services for that compan
Lower and not showing much of a recovery. But the Market Services number, it came in below estimates. Definitely trepidation in the markets today. In the u. S. Economy in particular. That being said, not that much of a selloff today. More like a pause. If you take a look at the bloomberg, sectors on the move. Materials are performing the best. Tech arere and weighing down the major averages the most. In terms of the commodities, i wanted to take a look at natural gas and oil. Natural gas has been in focus. It is trading at a 17 year low. We did have a brief turnaround after the report, it showed a drawdown in gas inventories but once again, it did turn lower. Oil prices had a Similar Movement to natural gas. We size come down and now, it looks like little change on the energy front. Even as Energy Shares continue to show gains. Commodity with a killer breakout is gold. We actually are calling for a historic breakout in the market according to that nugents agency to that news agency. Ba
Not do what the ecb wanted it to do was one of the comments i saw yesterday. The old the other question was about Mario Draghis comment that this would be the last Interest Rate cut but skepticism about that. Is it all that the ecb will do . It looks like there is a more bullish read that is happen in the u. S. And in europe. The rally to date means that for the year to date, major averages have trimmed their losses considerably, particularly the s p and the dow, now let now doubtless than 2 on the year. Of forss than 2 the year. Signs ise positive counterintuitively been the losses in the highyield. , this looks at the s p 500 total return index in blue. The bank of americahighyield index and he is pointing out that of the last four times we saw high yields fall on an annual basis, stocks then rallied the following year. This looks back at the prior instances when this happened and and stocks rallied. That is one of the reasons he is looking forward to be bullish. We will see if the r
In his battle with the marriott for the start of hotels. Says, they are on for a bit of a wild ride. Please dont forget to use that trending business. We had to hong kong of course. First trading of the week getting underway in about 30 minutes from now. Shanghai also coming on. Singapore, taiwan, malaysia. Just starting off their session. With have a lid of a long week malaise. A little bit of a mixed picture. The talk about the beta drop out of japan is morning, really particularly when it comes to that retail sales number. Also came in worse than expected there. We saw a bit of a dip in the yen. Also the downside today. That is also an additional dragged on japanese stocks at the moment. Elsewhere, were seeing hefty losses coming out of city. Sydney. Major financials along with energy names slipping. In terms of the markets that have just opened, malaysia and little bit down. Singapore, up slightly. On, with japan out of the way, chinas stock was fairly disappointed yesterday. We lo
The new poll says half the u. S. Approves of president obamas job performance. Its the first time that has happened since 2013. The Associated Press reports seeing an up sick across a number of issues, including the economy. The white house says the Supreme Court nominee, Merrick Garland will meet with senators after 15 former american bar associations joined the push to ask republicans to consider the judge. Global news 24 hours a day powered by our 2400 journalists in 150 news bureaus around the world. Emily coming up, facebook is getting ready. Another suitor throwing his hat into the ring for yahoo what would the daily mail do with yahoo possibly assets . And tesla recalls 2700 vehicles over issues with third row seats. The Bloomberg Business week Design Conference is underway where top designers and Business Leaders are gathering to talk about design innovation. My colleague and editor at large cory johnson is standing by with some big interviews ahead. Cory a really interesting c