Less than we were initially this morning. All three major averages taking a hit, but the nasdaq only down. 25 at this time. You still have banks that are the worst performers here. Industrials and Consumer Staples also on that list. Still seeing some weakness along the large cap banks. Take you look at energy, only down. 1 . We have seen a turnaround in oil come a very dramatic turnaround in oil prices. Higher after we got weekly inventory reports that showed a building inventories. Crude a drawdown in inventories. That is what is pushing oil to that turnaround. Follow rightstocks along with it, even though stocks are still lower. In is in yellow, stocks white. They are moving pretty much in tandem as we do tend to see. Ive shown this chart on almost a daily basis. If you look on the other side of the coin, the socalled safety assets, you are seeing them give up some of the gains today. Gold has per those gains to 1. 4 . The same has happened in the bond market. If you look at the 10 y
Pairing of the losses which, not that long ago, were lower than 1 . We did get the weekly crude inventories report. Distillate, hope that there will be a future drawdown in crude as well. We saw Oil Prices Move lower after that. Ago and ahile little while ago, moving to unchanged. The other Market Movement of the day has to do with the British Ground british pound. It is moving lower compared to the u. S. Dollar. Volatility surrounding a possible u. K. Exit from the euro. If you take a look at the history and look at the range of the pound in previous times of 2008,ng crisis, 1982 and that is what some traders are looking at as guidance for what could potentially happen this time. Alix lets check in on the bloomberg first word news. Mark Chris Collins of new york and Duncan Hunter of california are now on board. Hunter says we dont need a policy hawk as president. We need a leader. Democratic frontrunner Hillary Clinton hopes to advance or leave on senator Bernie Sanders end. Mrs. On s
9. 2 . Its weaker than estimated. 400 94,000 annualized pace in the pace in december was 544,000 and that have been the strongest and 10 months. The median forecast was 520,000. Sales and the west in particular are down 32. 1 . Yesterday, we got existing home sales that looked better and that is by far the larger part of the housing market. We will keep watching to see if this has an effect on stocks which are deeply in the red across the board led by selling over in europe and exacerbated by the price of oil which continues to drop. We will get Oil Inventories at 10 30 a. M. And we will see how those numbers affect things. In terms of the groups on the we have most groups in the red with the exception of utilities. Butnsives are doing better financials are slumping once again. Jpmorgan at its conference yesterday said investment ranking revenue was down 20 from sales and trading. Down in 2016 and Energy Stocks are falling again and discretionary and industrials. A lot of the economica
Vonnie and oil with the future of electric cars. It is all straight ahead on bloomberg best. Vonnie hello, i am vonnie quinn. Welcome to bloomberg best. Perio a weekly look at the most important Business News and analysis from around the world. Lets begin with a day by day look at the top headlines. With the june 23 date set for a u. K. Referendum on eu membership, Campaign Season on brexit began in earnest monday. A controversy had an immediate financial and economic impact. U. K. Prime minister David Cameron answering questions from lawmakers in the house of commons. These are live pictures you are watching. Cameron has been making the case for staying in the european union. But camerons stance is suffering a setback as long as the london mayor is rallying for a socalled brexit. Is this about volatility . Does it really not matter how many people turnover to the Boris Johnson side . Rob he is one of the most recognizable politicians in the u. K. , and his decision to support brexit h
Plus, a vivid new perspective on the future of peak oil. All straight ahead on bloomberg best. Vonnie hello. Welcome to bloomberg best. A look at the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets begin with the a by day look at the top headlines. With the june train third date now set for a referendum vote on. K. Membership u. K. Prime minister David Cameron answering questions from lawmakers in the house of commons. Cameron has been making the case for staying in the european union. The london mayor says he will campaign for the socalled brexit. Does it really matter how many people moved over to the boys just inside Boris Johnson side . He is one of the most recognizable politicians in the u. K. We have a chart that shows the odds of the risk of a brexit. There does seem to be a very big risk of a brexit. ,otentially raising the risk because of Boris Johnson, focuses attention on this. As far as having a referendum date, this