Last week. Then on monday that nearly 600 decline. Another 200 point loss tuesday before yesterdays big surge the dow is still down though. More than 1 this week. But the nasdaq has narrowly erased this weeks losses off by. 2 . I was on the floor of the New York Stock Exchange all week and its not just the crazy moves where we settle, its the intraday volatility. Everybody was bracing for a repeat of tuesday. They had this giant rally and it started to lose steam and everybody thought here we go again and then it charged back. A bounce . A technical bounce . The first day, looks like wow, this is great. This is great. Its slowly declined down 200 and the next day it looked like thats going to happen again. You know at the end its going to melt up this time tnchts question is what comes next. Looks like were extending those gains. Is that the bottom . Is there a place called youre going to ask me if its the bottom. We dont talk about the bottom . 50 chance of a bottom. It doesnt matter
And plenty of reaction to the biggest deals. This checks all the boxes. Oracle is making a desperation move to boost their cloud revenue. David where did money move this year, and why . We revisit reflections from investment insiders. Etfs are sharpening volatility. I think what we see is a play to quality. We are in a low return world. Those are the three most important words to remember. I am not predicting calamity but i am sitting on a lot of cash. David join us for a look back at 2016 straight ahead on bloomberg best. David hello, i am david westin. Welcome to a special edition of bloomberg best. We will review the most important business announcements and interviews for the United States and the americas in 2016. Without a doubt one of the most globally significant events was the u. S. President ial election. This kicks off our year in review. Lets turn to the race for the white house and the results of super tuesday. On the democratic side hillary , clinton jumped out to a big l
And plenty of reaction to the biggest deals. This checks all the boxes. Oracle is making a desperation move to boost their cloud revenue. David where did money move this year, and why . We revisit reflections from investment insiders. Etfs are sharpening volatility. I think what we see is a play to quality. We are in a low return world. Those are the three most important words to remember. I am not predicting calamity but i am sitting on a lot of cash. David join us for a look back at 2016 straight ahead on bloomberg best. David hello, i am david westin. Welcome to a special edition of bloomberg best. We will review the most important business announcements and interviews for the United States and the americas in 2016. Without a doubt one of the most globally significant events was the u. S. President ial election. This kicks off our year in review. Lets turn to the race for the white house and the results of super tuesday. On the democratic side hillary , clinton jumped out to a big l
A little flatness for the kospi. A mixed start to the trading day. Most markets are shocked because of the Christmas Day and boxing becausedays are shut of the Christmas Day and boxing day holidays. The chinese economy shows no signs of faltering after three months of 6. 7 growth. Private Service Companies reported their momentum was the best since august, 2014. Bloomberg intelligence says the expansion picked up to about 7 last month. Toshiba may take a loss on its business in the u. S. , but there are conflicting estimates of how much. This coming after the acquisition of a Power Services business by westinghouse last year. There is a dispute over the units values. The nikkei puts the expected loss at around 850 million. Nha expects that to be 4. 2 million. Sony music has apologized to Britney Spears after its twitter account was hacked and falsely reported the popstars death. It comes to have years after a major cyber attack rippled the companys film division. Sony says the issue ha
In line with the estimate of 35. 7 billion. The board is affirming all 2016 guidance. The incredible thing is north american operating margin 12. 9 . Global margin 9. 8 . Those are records for ford. They may be records in the Auto Industry in general. I am going to look through this. There is so much stock news. Jon it is very much risk off. Lets get you up to speed on what is happening in global markets. Futures in the u. S. , negative. Negative 16 on the s p. The nikkei to 25 deep in the red. The boj does nothing. Here is what happened to dollaryen. Hyeading much lower. Down as much as three percentage point. I can tell you where it is on my screen. Dollaryen at 108. 05. Lets cross over to matt miller. Matt we are getting more earnings out. A slew2 of companies. 181 of the s p 500 companies are coming out this week. Conoco phillips with an adjusted loss of 95 cents per share. I want to also point out viacom has come o ut. Viacom is looking like 76 cents for an adjusted eps. We were l