Timing right come if we do it too we could derail the theast, both th timing right, if we do it too fast we could derail the entire thing. Mark this is bloomberg surveillance and im mark barton. A pmi for manufacturing and services, that is the composite fromed to 55. 9 in october 56. 7. Economists predicted the measure would drop to 56. 5. Job creation in manufacturing rose to the highest levels since Data Collection started in 1997, reflecting strong order inflows. Service Sector Employment also strengthened. You have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. Thee is the euro against dollar. The stoxx 600 is a little bit lower today, down by about 0. 2 . Earlier it was up for the third consecutive day. The bloomberg dollar spot index is rising for the third day, the highest level since july 13. Investors eagerly awaiting President Trumps pick for the next fed chair. Theres a conse
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla sara eisen is here as well the dow is down 59 points following the best day since april. And techs best day in just over a week nasdaq is now lower for four of the past five trading days for more on all of this, we are joined by the chief Investment Officer john rutledge. Good morning, carl. You put more credence on the action yesterday or today, john . I think the risk is the thing you have to watch out for. So i guess that means today. And it is really event risk. Event risk is something investors dont think about very much, but it is like lifting a dumbbell big left, big right, nothing in the middle so you have good economics, bad Politics Around the world, and then its adding up to a lot of risk and makes me want to be cautious. You take risk on or off here . Were keeping risk on, carl our opinion is this is not uncommon over the last 8 1 2 to 9 years. This has been the most remarkable process of recovery, now norm
Good wednesday morning. Welcome to squawk alley. Our john ford sought side trump you toer in manhattan as the president elect meets with those tech ceos. It does bring us to our top story, donald trump hosting top executives from Silicon Valley including tim cook, cheryl sanldzberg and elan musk. What is the latest . Carl, the ceo of oracle just showed up about 10, 15 minutes ago. You might note it is quite a bit ahead of when we expect that actual meeting to be this afternoon. So interesting that shes coming early. Im trying to get some insight into what she might be doing here at this time of the morning. But its a meeting that is remarkable for the heavy weights of tech who are showing up. We mentioned jeff baez yoez, tim cook, larry page, Cheryl Sandberg from across the whole spectrum of consumer tech, social, Enterprise Technology just a power house, of course, hundreds of billions, trillions worth of market cap represented here. So well see what comes out of this meeting. Theyre
And i love gold gold just did something it hasnt done since 2012, and the chart master says it could point to major gains in the year ahead. The action begins now. Stay right there because 2016 is officially in the books, and the worst performing sector goes to healthcare. The Group Falling 4 this year and only sector to close in the red. Should you buy the Group Heading into 2017 . Lets get in nony right now. Mike, what do you say . Yes, i think we absolutely should. This is a sector that ran head long into a political storm, and i actually think that with everything that will be happening this coming year, had we gotten the Clinton Administration i think their troubles would only be beginning. I think as it is trump will have his plate completely full, and some of the attention will be off some of these names. There are some that will remain under scrutiny like the mylan ps of the world, but others like gilead and cell gene we will talk about, these are things that i think the valuat
Hasnt done since 2012, and the chart master says it could point to major gains in the year ahead. The action begins now. 2016 is officially in the books, and the worst performing sector goes to healthcare. The Group Falling 4 this year and only sector to close in the red. Should you buy the Group Heading into 2017 . Mike, what do you say . Yes, i think we absolutely should. This is a sector that ran head long into a political storm, and i actually think that with everything that will be happening this coming year, had we gotten the Clinton Administration i think their troubles would only be beginning. I think as it is trump will have his plate completely full, and some of the attention will be off some of these names. There are some that will remain under scrutiny like the mylans of the world, but others like gilead and cell gene we will talk about, these are things that i think the valuations are compelling and people will be looking for places to invest that have decent growth and be