Of this bearish bond market. The increase in the Interest Rates has created havoc among multiple fronts, like a giant grim reaper that cuts down sector after sector. Thats how you get days like today. Which at one point was so ugly but rebounded at the close. Dow finished off. But nasdaq held up, finishing strong. Keep that in mind, plus seven. Well have to spend time on the nasdaq, it was truly incredible. But the damage can be extreme. Comstock, on many times. American electric power. Great location, and what happens . Aep turned out to be piggybacking off the bond market. Now its gotten double whammy. The company is always financing and paying out generous cash to the shareholders, meeting air quality demands. But with the collapse of the bond market, a fine company like aep has seen his stock obliterated. The house of pain. You cant escape the grim reaper of higher bond yields. Kellogg, this north American Cereal Company and kellanova for snacks. Theyre taking it on the chin from t
Happened. In mying to keep them thoughts and prayers and we can talk about it later. The white house is threatening to veto a bipartisan immigration proposal. The white house says the undermine and keep economic growth. South africas new president since says he will try not to disappoint the people of this country. Jacob zuma resigned wednesday. Basically have become a servant of the people of south africa and i will seek to execute that task would humility, faithfulness, and dignity. He also said one of the Top Priorities telling and Opposition Leader that he prefers to improve the lives of ratherfricans on hope than grandstanding. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 100 countries. Live from bloomberg headquarters, we are 30 minutes from the close of trading here in the u. S. Stocks headed for the best fiveday run since 2011. The question is, what you miss what you miss what did miss . Ss what did you forhe Senate Showdown immigration
Theres an me in team. Always has been. Well, im happy to be here. Youre fired up. If youre up at 4 00 a. M. , you might as well get fired up. Why not. If you put in that what time did the alarm go off . 4 05. So you im a 3 handle. Me, too. You say you can do this. You did it once. Try five out of five. I can barely do this. 52 out of 52. Youre a stud. I say it all the time. We have a big market day. Good to have you here. A check of u. S. Equity futures. This is what weve been matching all morning long. This could be the biggest move in the markets. About a half percent move or so. This would be on the s p 500. That would be the biggest oneday move. Weve been 0. 3. The dow looking to lose 100 points at the open. The nasdaq looking to lose 24 points at the open. The volatility index is surging this morning. Thats an interesting turn of events. Up by 11. 25 , almost 12 at this moment. Action in asia, big development. Here is long eem is snapping a sevenday advance. The nikkei finishing l
With president xi jinping. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. From washington, i am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, Softbanks Vision Fund nears completion. After closing the fund in saudi arabia, what his childhood dream means for Silicon Valley and the u. S. Tax landscape. Ford kickstart its focus on ridesharing and selfdriving with a surprise shakeup. What the new c. E. O. Brings to the table. The markets most valuable player is on track to become the worlds first 1 trillion company according to one analyst. We will catch up with him ahead. Softbank formally announces the first round for the longawaited Tech Investment Fund with more than 93 billion in the coffers. That includes the saudi public Investment Fund as well as apple and sharp. The vision fund is expected to top 100 billion in six months. It will focus on
Lets give you a look at futures on this opening of the day of the week. Most european markets also back from the holiday break, although i believe the uk closed for a bank holiday. There you see the markets that were open. More or less in the green this morning. The tenyear note yield, price was down a bit if i recall. There we are on the yield there, around 2. 56 with crude up yet again. Weve also got some breaking economic data. The latest s p case showing home price reports out. Prices registering 5. 6 yearoveryear gain and that was up from a 5. 4 gain in september. So sequentially an increase there. Lets get to our road map. And it begins with the march to dow 20,000. With just four trading sessions left, will the dow hit the milestone by the end of the year . And president elect donald trump announcing plans to dissolve the Trump Foundation ahead of inauguration day, plus tweeting about the market rally and holiday spending. Well give you all the latest. Plus retailers bracing for