Help Small Businesses and farmers. It is 8 00 a. M. In dubai, 5 00 a. M. In london. Im tracy alloway, this is Bloomberg Mark this is berg markets middle east. It was a dramatic end to the corner, with a sharp uprise move in the u. S. 10 year yield. It ended the carter at 2. 33 . When we started, it ended the quarter at 2. 33 . It started at 2. 2 . The dollar resurging after months of weaknesses. Fdxlly, u. S. Stocks continuing to rally. In the fourth quarter, we have a number of big events that coming up, including the 19th National Communist Party in china. Before them, lets take a look at how u. S. Markets fared on friday. We did see interesting moves. The nasdaq composite and russell records onreaching friday, after a report that donald trump and treasury secretary Steve Mnuchin had met with a former fed governor to discuss the possible role as fed chair. You can see this at the kbw index, at its highest levels since march. As we get that resurgent trump reflation trade, lots of int
Some in his administration disagree. Our executive editor joins us about what to expect from the saudi kings visit to moscow. It shows the extent to which russia has succeeded in inserting itself in the middle east. Also, a much broader role in building relationships with the saudis. For the saudis, it is crucial. They are seeing the russians as a diversification effort, not the full reliance on u. S. Power. No one is saying the relationship with the u. S. Is bad, but they are looking for other allies, other relationships to build to protect their own interests. Yousef weve seen big energy deals coming out of this. Can we expect tangible results in terms of Foreign Policy . Will they have measured results in key areas . Syria is the big one. I think what they are looking for from the russians on that is help limiting iranian power. I dont think the saudis are expecting the russians will suddenly come out and say they support the saudi line on this and do everything we can to limit iran
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band
Lunch. Im melissa lee. Stocks are holding steady. The nasdaq hittinging yet another record interday high today. Tech and industrials the best performing sectors Consumer Staples and financials. They are the laggard. Down 2 on a big miss, mastercard is up two and mosaic down 7 after missing the top and bottom line. Brian . All right, melissa, thank you very much. And i am brian sullivan. We are coming to you live from day two of the milken global conference in Beverly Hills, california, speaking with the worlds top thinkers on the market and economy. Politics, which is encapsulating everything today, eric cantor being former House Majority leader, chris aailman and dr. O. Welcome, everybody. As michelle mentioned twitter popping this hour thanks to comments from billionaire investor mark cuban. Its up about 4 right now, and we will get to those comments in a moment. First the air is coming out of the auto bubble, it seems. Gm, ford, fiat, chrysler all taking big hits today. Lets go insi
Welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. And the rest of the week. Happy to have you. Until the end of the quarter. Especially with this market move yesterday a lot going on. So lets check on Global Markets. After we did see a selloff s p closed lower by 0. 8 , the worst day since midmay for stocks certainly the s p and the dow. Futures looking positive there the nasdaq still under pressure which is the concern for the overall market now those tech stocks weighing down. We have a quick early indication of the socalled f. A. N. G. Stocks which have been driving the markets. Facebook, amazon, netflix and google or alphabet alphabet is the only one higher in the premarket otherwise seeing some declines for amazon, netflix, facebook. The winners yesterday got crushed. The broadcoms of the world down 3 a lot of Semiconductor Stocks alphabet was one of the f. A. N. G. That was down the most because of the negative news out of the eu in genera