Came out a couple weeks ago. A trifecta of wellknown individuals. Warren buffett, jeff bezos, and jamie dimon talking about fixing the health care system. The biggest guys around. The details about this remain hazy. What is going to be the solution in health care . How are they going to fix this . And what ceo can spearhead this initiative between amazon. Com, berkshire hathaway, and jpmorgan. Where we try to pick up the narrative is the reaction within the industry. The Health Care Industry is like, amazon is at the door . Julia and it is not what we were expecting from amazon, a foray into health care. They are just tackling a situation with their individual companies. What does this mean for the individual players . The insurers, the middlemen . All of this is a massive cocktail of what is happening in health care. Why do prices keep getting higher and consumers feel like they are getting the shortest straw of all . The speculation is that there is middlemen. Pharmacy benefit manage
Xhoentsz are lower although exxon is trying to hold on, intel, home depot, caterpillar, ge, theyre the biggest losers, all down 3 , nearly 4 for some of them. The big news around bond yields which are rising again this morning. Were waiting for the ruflts a crucial 30year bond auction moments away yesterdays bond auction was a market mover well see if todays is the same as we start to worry about just how much debt there is out there and whether or not investors are willing to buy it. Check out the stocks that are bucking todays big selloff, however. Twitter is soaring after reporting its first ever profit. Higher by more than 16 . Grub hub and the New York Times also surging. More on all three of these stocks straight ahead. Tyler. Thank you very much, michelle im Tyler Mathisen welcome, everybody lets get right to the store of the New York Stock Exchange where bob pisani is standing by pl hello, bob. Once again in the middle of the day this is becoming a regular thing. S p 500 volume
I think the market is waking up to the fact that the plan that the fed put in place is actually justified. We have more policy uncertainty, which can naturally lead to more Economic Uncertainty which will lead to more market uncertainty and that will end up with more volatility. Im going to argue it is not really done. These things take time. Its hard to have such a dislocating move without leaving all kinds of wreckage around that you are not expecting. If the stock market is pricing in lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon, but we are paying close attention to it. I think this is more qe unwind getting priced in. The ecb was buying, and the boj was buying. While that is unwinding, the entire market is realizing that this vol from cute he is stepping away and we have to get ready for more vol. Jon get ready for more vol. Around the table, greg peters of pgim fixed income, Bonnie Wongtrakool from western Asset Managem
Yellen speaks at 10 30 12 30. The best showing against the yen in a couple of years. China got an update but showing there might get you arrested. You see shipments suffering. The steepest decline in almost two years. And facebook also higher premarket. How the company is looking to crack into the Music Distribution business. First up stocks on track to open strong. We have this morning on the hopes of a new proposal in greece will end the impasse and result in a bailout deal as we get ready to wrap up a volatile week for the market and week with hacks and glitches. Its been a difficult to watch question now is what happens with this deal and even if it gets done sunday what happens then some. This deal is not as good. Merkel should hate this deal even more. The Greek Parliament the right in merkels party and the left of tsiprass party cant like this but maybe theyre not loud enough. The one thing i would point out. Yesterday i said i didnt like it. Now i said listen this rally, you kn
Welcome to bloomberg daybreak europe. Im anna edwards. Manus cranny. A couple of push and pull factors in the market. Last week volatility was surging. Anna i noticed. Manus was that your opportunity, maybe, to sell volatility . Yes, we flagged those massive warns, its game on as north korea strikes guam. What does that mean . We had the biggest jump in volatility in three years. And they piled into an Exchange Rated fund that shorts volatility. The fund gains if the markets get coma. Anna investors are aware of the fact that when the vix rises, it typically falls afterward. That is reflected in the appetite. Lets look at the risk radar and show investors had that translate into headline stories around north korea how this translates into a risk on atmosphere. Asian equities, up by 0. 5 . On the one hand, you have these comments coming through from jim mattis, who says it is game on. But the wall street journal cites north korean media, saying kim jong un wants to watch the u. S. A lit