Looks like we are approaching session highs. Julie yes, session highs. But in recent days, i feel like a broken record. The range is very tight. We do not see Much Movement. Its a gain of 91. 2 here and it has been remarkable how Little Movement there has been. I believe they are now up to 19 straight sessions where the s p 500 has not moved at least 1 by the close of trading. Always, there are groups that seem to surface. In terms of what is moving the most up word, weve got utilities performing the best. We have surging natural gas. On the downside, we have financials exerting a little bit of pressure in the opposite direction. And then there are moves in the individual stock levels. Ball corporation, which makes a number of different types of roddicks, sales falling. The company is giving a Free Cash Flow forecast for the full year. Ofbling its longterm goal 10 to 15 of earnings share growth in each of the next three years. What struck coming out with earnings that beat forecast and
And tom keene in new york. Tom yes. Ill agree with that. Within the last 24 hours ive seen a real shift. Some of the turmoil with off the german industrial production, a little more Market Movement today than what we saw yesterday. Francine yes. Heres taylor rigs. Taylor . Roir yes, the in danger of falling apart according to people familiar with the matter prosecutors are considering a charge related to the conduct on the Foreign Exchange desk. Hey have essentially been on probation since 2012. After helping the Mexican Drug Cartel and iran. Prime minister teresa may is getting pressure from banks to strike an interim deal with the European Union before formal talks begin. And germanys chancellor Angela Merkel is revising her open door paul for refugees and said the government has done everything e can about the refugees and the United Nations security county critical has condemned north carolinas latest missile launches and is threatening further measures if they do not stop. North c
Great show lined up for you today. E. Oneak to an eon shareholder. We speak with simon bell show. Joining us for the next 40 minutes, the chief economist at indo suez wealth management. We are looking at asset classes. Bloomberg. D across the stoxx 600 is down for a third consecutive day. The biggest threeday drop since july the sixth. The german 10 year yield is cleburne is creeping higher. Still above zero. We are at the highest level since june the 23rd. We all know what happened then, the day of the brexit referendum. Sterling is rising against the dollar. Brainard speaks later. The last fed official to speak before the closed door policy before the fed meeting on the 21st. Crude oil, 1. 6 lower, extending declines. Increasing as the market contends with an overhang of accrued and fuel inventories. Let us get the bloomberg first word news. Hillary clinton has canceled a two day trip to california after disclosing that she is suffering from pneumonia. She abruptly left a 9 11 commem
Stephanie a cultural leader. We think about what wall street has been or the last war years. Mike bloomberg to Michael Lewis talk about talking about what an extra ordinary character he was. This ecb announcement coming today. You are looking at green, matt miller. Poker andad liars that is what got me interested in this business. I had the honor of interviewing John Gutfreund on many occasions and an absolute giant in the industry. Anyone who has not read the book should. Look into his career. Markets, gains in futures ahead of the ecb meeting. All about the ecb meeting today. We were playing cool and the gang earlier, excited. Stephanie you were playing cool and the gang. I would like to separate you. Matt a celebration. Seeing what mario draghi does, the market expects him to cut the rate by 10 basis points, 80 . A 20 chance, according to futures that he cuts by 20 basis points. That would be the bazooka. Overnight in asia in anticipation of this, the shanghai, down 2 and hong kong
Kuroda versus draghi. The pboc hikes its yuan reference rate. Global equities continue to track the chinese currency. We will track that correlation. A nice charts. That will be coming up later. In the battle of the charts which i feel fairly confident about this morning. This move by draghi is significant. He says that channel is not working and we will try something different. Not it is clear he does have that much effect on the currency other than moving it out. The euro holding its strength. What will that do for the banks . Will that be their lifeline. We have a lot to discuss this morning. Some of this will be reaction to draghi and what he did and what he will plan to do next. Guy we will kick that around. Some great conversations coming up. We less than half an hour away in the European Equity market. I bring you a new function. Thatis a first thing bloomberg customers should look at first thing in the morning. It is ais a board heat map on steroids. This is showing you the mov