1. 25 . Still a mixed picture here as we continue to see these swing back and forth from the major averages. Look at the s p 500 on an intraday basis, and stocks open lower, and of rising to the highs of the session around 11 15 or so, and have been shopping around for the rest of the day. Some of it it appears where the equity markets were getting this were from the bond markets to some degree, particularly around 1 00 p. M. That is when we got the results of the latest bond auction in the u. S. A 10 year option, 24 billion worth. The weakest result we have seen in five months time. After the auction, we saw yields go to the highs of the session. That is not to say that every move and take in this equity and rally has been pushed around by the bond market, but investors are watching what is going on in bonds to some degree. Also, we are watching what is happening with oil. We see a for data klein in oil prices that amounts to the worst that we have seen in more than six months. You se
And welcome to power lunch. Eye melissa lee, your money carving out some small money today, and russell 2000 at rosh highs. Its a global rally. Lets check out bitcoin is bouncing back after falling below 10,000, Goldman Sachs say its a bubble bigger than the dotcom era and famous tulip bulb mania, and p g was down travelers rallying by almostsh topping expectations tyler . Thank you very much, melissa. Welcome, everybody we begin with a major decision from the white house the administration saying it will slap tariffs on solar panels and washing machines. If youve got a solar powered washing machine, you are not, kayla, going to have whiter whites Kayla Tausche is at the very white house with more. Reporter those tariffs are steep and final. For companies outside the United States empowereding washing machines into the United States theyll sue new tariffing between 20 and 50 , depending on the number of washing machines they are importing. For components that 50 . For solar part manufa
Enter a Customs Union with the eu postbrexit. For the complicating theresa mays negotiations with brussels and her own party. All eyes on the United States jobs report. Traders will be paying attention to wage growth. Will it be enough to shake off the retreat in equities and treasuries . Was than minutes away from the european open. Take a look at futures. We are looking at a mixed trade in futures. Ella think they are positive in britain, negative on the continents. Andttle bit of direction trend. At the same time, we see u. S. Treasuries yielding more than they were yesterday, 2. 78 now. Just yields have come down a little bit, but still at a level traders havent seen in a long time. That could spook as some traders and it could be a reason you have seen a selloff in the features session. Will that carry through into the cash session . Will that yield attract investors to put cash back into the riskfree rate of u. S. Treasuries . What do you feel on gmm . Anna lets take a look at th
Into place, what is there to look forward to . Welcome to bloomberg markets, rules and returns i am nejra , cehic in london. Where we dig into the opportunities for markets around the globe. From mifid two to doddfrank, we speak to the top newsmakers and participants shaping and reacting to a new generation of rules. Lets kick this show off with etfs. Is expectedfid ii to increase flows from Retail Investors in the u. S. To raise their exposure to etfs. To talk about the impact that mifid ii will have on etfs in europe, stephen, so great to have you on the program. I have brandnew hot off the press Intelligence Research to 2 etfs may double trillion in five years on mifid ii. Lets talk about growth. Is that the sort of growth you expect as a result of mifid ii . It is the kind of growth we expect. Mifid ii will play a big part in it. You are seeing as you have over the last two years in the u. S. , a shift towards utilizing etfs by all types of investors in their portfolios. Mifid ii i
Nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i had a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You are clearly one of the worlds most Successful Technology investors and businessmen. Let me start by asking about a fund you are now raising, the division fund. It is supposed to be a fund of 100 billion . Masayoshi yes. David that would be the biggest fund ever raised. When you told people that you were going to raise a 100 billion fund, the date did they tell you you were crazy . Masayoshi some people said. [laughter] david you had a meeting with the deputy crown prince of saudi arabia, who is now the crown prince. As i understand the story, you went in, and in one hour, you convinced him to invest 45 billion. Ok . Masayoshi 45 minutes, 45 billion. [laughter] david ok, i apologize. Masayoshi 1 billion per minute. [laughter] david what could you have sai