Been. Ban. A federal judge will consider the request at a hearing in honolulu. Global news 24 hours a day, powered by more than 2600 journalists around the world. Im mark crumpton. Bloomberg technology, is next. Cory im cory johnson. This is bloomberg technology. Coming up, we go live to las vegas, nevada for the ibm internet conference. We talk about everything from the cloud to ibms partnership with wanda. Marc benioff says the window for acquisition is posing. Firstll ubers board Travis Kalanick to resign . First, lets turn to the market selloff for u. S. Equities. It biggest slide since october. Lets bring in stocks reporter abigail doolittle. A big fella today. Cap down a big selloff today. Tech down 1. 5 . Reporter indeed. It was a pretty bad selloff for major averages today. A dayw down the most from standpoint, the worst selloff since the beginning of september. Some are saying this is a reversal of the reflation trade. Now is the worst sector for the major averages, including
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank downdraft. They had been out performer since the election. Re, it look at the k is down 5 . Bank of the ozarks milosevic premier bank ozarks, Pacific Premier bancorp down sharply because they dont have the diversified inc
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank downdraft. They had been out performer since the election. Re, it look at the k is down 5 . Bank of the ozarks milosevic premier bank ozarks, Pacific Premier bancorp down sharply because they dont have the diversified inc
Been. Ban. A federal judge will consider the request at a hearing in honolulu. Global news 24 hours a day, powered by more than 2600 journalists around the world. Im mark crumpton. Bloomberg technology, is next. Cory im cory johnson. This is bloomberg technology. Coming up, we go live to las vegas, nevada for the ibm internet conference. We talk about everything from the cloud to ibms partnership with wanda. Marc benioff says the window for acquisition is posing. Firstll ubers board Travis Kalanick to resign . First, lets turn to the market selloff for u. S. Equities. It biggest slide since october. Lets bring in stocks reporter abigail doolittle. A big fella today. Cap down a big selloff today. Tech down 1. 5 . Reporter indeed. It was a pretty bad selloff for major averages today. A dayw down the most from standpoint, the worst selloff since the beginning of september. Some are saying this is a reversal of the reflation trade. Now is the worst sector for the major averages, including
And eliminate jerks. Pledges to dober as it improves its work environment. First to our lead. Ibm is focusing big on the growth in the cloud, which makes 17 percent of company revenue. We caught up with ibms ceo Ginni Rometty and ousted what it is about ibms loud that sets it apart from the fears competition. It is the platform for new business. One is it is enterprise strong. Enterprise strong, but you have got to prepare for the future and there are two more things about her clout that are very distinctive. One is it is data first architecture and it is called native at its core it is cognitive at its core. You have got to put innovation i and all the time, a pipeline. Today we also announced production on the ibm cloud. That up stranded sections that ups transactions at 10,000 the second. That is what we need to do. And we are the First Quantum computer available on the cloud. You have to do it on the cloud. You cannot do this on your premises. At the point is enterprise strong, you