Infections the confirmed total nears 700000 but the real number could be far higher. The tensions between the u. K. And china rise as the ambassador in london vent his anger at gross interference in hong kong plus. The oscar winning composer Ennio Morricone best known for his spaghetti western scores die is aged 91. And there are many weddings with the sports news as President Trump launches the twitterers are called nuts calls on new black driver he asks bubble wallace to apologize for what he calls the hardbacks of a new spin from the news dollar and slams nascar all for banning the Confederate Flag. And of the United Kingdom has set its sights on those involved in the murder of john g. As it unveiled its 1st you know National Sanctions since leaving the European Union 49 individuals and organizations have been sanctioned on of the governments new system to punish human rights offenders russian authorities implicated in the death of lawyer Sergey Magnitsky have also been targeted san
More rate cuts or more could be on the way and get this a week that saw a thousand point swing in the market nearly every day was ultimately a giant round trip to no where the s p 500 ended the week pretty much exactly where it began. I think the dow was able to finish slightly higher karen finerman, this was going to be your chart of the week we were doing the next block we have to lead with it. Everything is fluid right now. What happened this week. If you look at the chart you will see a one and change move for the week imagine what a different feel we would have if every day during the week the market moved 30 backups each day and that would get us right where we are right now thats the change in the week. But thats not how it happened we have a very different market. A treacherous market, up a thousand, down a thousand day, back and forth, is it really its a scary market. And we dont know where the bottom is going to be. But it was starting to feel panicky here and so if you are a
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
Denny for many dollars for 30 seconds. Spending the 4 million for 30 seconds. Is it worth it . We will kick off with what everybody is talking about. Could it be . A break for the microsoft ceo . The board is prepared to name Satya Nadella as the ceo. He has been running the cloud business. Satya nadella, responsible for building and running the companys computing platforms, developer tools, and cloud services. They had to go where they felt the person would take microsoft into the future. That is the cloud and the third platform. That is what we are seeing here. I think its a bit of a safe bet, but i also think it is an acknowledgment that microsoft is not going to be the company that we have known them to be in the past. The challenge is making the transition from microsoft of the past to microsoft of the future. What microsoft is struggling with is a postpc world. Their entire business has been developed on the back of windows. Microsoft office, a dominant product. Developed because