Sector down, not much, but still down utilities, real estate and healthcare are leading the way let us start with oil. Heres the thing, pete weve been here before if youre lock oil, youve had your heartbroken a few times. Yes, i have, indeed. Is this time different . I feel like it is different and the reason i say that weve seen so much options as of late. By the way, yesterday was the lowest volume day in the options for the entire year of 2017 if you exclude some of the half days that weve had. Weve seen paper flows very, very indicative of where the directions are going and seen it in energy time and time again and this time the size and the mass in which they are coming after paper in the xlp, in the xle, in individual names like halliburton and some of the rest, weve even had some in the services index, the oih. Which is up by the way. Right, and it encompass eds, you put in schlumberger and halliburton and thats 35 of that index so you know its fairly narrow, but the energy spac
Lets put on the fang trade. I think each of these companies specifically scott had something idiosyncratic and important an its own road map that sparked interest beyond just the last 90 days. Doc, facebook crushed it. Alphabet, mobile search driving. Amazon, the obvious thing, plus the cloud. These are not small revenue numbers were talking about here, judge. When looking at alphabet or google, up 25 year over year, the revenue side. This is a huge amount of revenue. This isnt like, you know, some of the stocks we talk about that, oh, it was 100 million and they beat by 1. 2 million dollars. No. These are in the billions. This is like appleesque kinds of numbers, and as people come on the air and like to say, the law of large numbers says they cant keep doing yes, they can, and yes, they did. And take a look at amazon. One important point on that, jon. We used to talk about these names, reverently, we would say, these are the companies that are going to figure out the future, and you
With tom keene in new york. There has been a change in the landscape in the last two days. What i liked his we are going to talk to a smart set of people through all of surveillance this morning. They will join us later on radio. We have got doug of isi in this hour. And paul gate of Sanford Bernstein in our next hour. Smart experts on this commodity implosion. Guy setting you up for what is turned out to be an interesting tuesday morning. All those guys coming up. Lets get you the bloomberg news. Nejra thanks, guy. Chinas trade slump just keeps getting worse. Chinese exports fell in november for the fifth months in a row. And the drop in imports has now hit a record 13 months. The trade data comes a week after reports show chinas factory conditions fell to their weakest level in more than three years. For the first time authorities in beijing have raised an air pollution alert to the highest level. By one measure this mauga seven times the level considered dangerous to help it beijing
For investors. We begin with the first trading day of february. Heres where we stand. The dow has made a triple digit move for the ninth straight day. Volatility continues way off the lows of the day. Down by more than 100 early on. But thats where we sit. Dow is down 50, 16,416. And go far right of your screen there, the look at crude oil, which is getting crushed today. It is down 5 , just shy of 32 a barrel. Tom barrett, good to see you again. Hi. The backdrop doesnt look good. Its bumpy, everything you have been talking about the last couple weeks, very little transparency, tremendous nervousness, a rush to liquid y liquidity. China, qe, japan, europe, all things that we knew and were priced in all of a sudden cause even a more sudden return to liquidity. And that heads the hedge funds. So redemptions are increasing at an exponential pace, and that has an effect on everything. Its a great time for us. Its a moment to look at really illiquid alternatives in a meaningful way. You thi
A lot of data to note. Heres whats happening. Following the downgrade of the Economic Outlook yesterday. On the agenda this morning job claims and chicago pmi and then earnings central. Exxon mobil coming up, Conoco Phillips, viacom among the names to report Quarterly Results all before the bell and in global news this morning the bank of japan april and september of next year. Policy makers decided not to extend an already massive stimulus program. Thought theyd follow the chinese. Also watch Russian Central Bank. Today it is expected to turn its main lending rate following the sharp rise in the rouble. They find the median forecast is for a rate cut of 10 basis points. A decision is due. Stocks making news this morning, Consumer Review website yelps latest revenue missed the market and added fewer than expected local adverse tiegz accounts and also warning that Current Quarter sales will fall short of estimates. Shares are unpressure the chinese search giant the earnings beat the str