Why it is in the best interest of shareholders. Let us get you up to speed with everything else. Caroline chinas foreign reserves have fallen to a near for your low. Four your low. Haspeoples bank of china tried to shore up the yuan. Through fiscal easing and structural reform. The Saudi Arabian oil minister says he has held successful talks with his venezuelan counterpart about ways to walk rate. He did not reveal steps producers should make to shore up prices. The door to opened parking a Ballistic Missile Defense System on north koreas door. It comes after north korea launched a longrange rocket over the weekend. The Denver Broncos have won super bowl 50. Von miller was named the games most valuable player as americans mostwatched sporting event, advertisers played paid hugely for their ad spots. 28 minutes to go until the European Equity markets open. Let me tell you how we think that open will turn out. Let me show you what we have. This is a fair value calculation. What is it tel
Recovering. We have seen the correlation between the two that we have talked so much about. All three major averages are higher. As we just heard scarlet and , are we seeing a rally or are we seeing a rebound . Take the dow as just one example. This is a two day chart. Declines yesterday. Gains equaling just about. 02 . There is a preponderance of gain or movement coming from a handful of stocks. If you look at the movement, you have financials, again, counting for a lot of gains, Goldman Sachs, jpmorgan, travelers are the three top games in the dow. I also want to take a look at the average point swings. This is a look at the increased volatility. This is the average daily point swing going back one year. The past year was 209. That seems pretty large. Except, this year it has jumped to 319. We have seen enormous swings on a daily basis. Its fun to talk about that with the dow because we are talking about hundreds of points. To do withof it has banks, but also oil. We saw yesterday th
Theyre going to be mauled. You have to ask yourself, why is that happening . David all of that next on bloomberg best. David hello, i am david gura. Lets start with a day by day review of the top headlines. Startedy, the markets with the week before, with a big selloff. Stephanie an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. An off day but it could have been worse. What is this all about. There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new development. The focuses mainly on european banks. But a few things have been driving markets lower. Last week, most of the economic data, even the u. S. Was on the soft side. It is reinforcing concerns about the health of the Global Economy, even the health of the u. S. Economy. Have had an environment for the past few weeks where you have seen more effort by some of the worlds
In business to make sense of market turmoil. Markets are being pawed by the bear right now, but theyre going to be mauled. Up 200, down 200. Up 300, down 300. You have to ask yourself, why is that happening . David all of that next on bloomberg best. David hello, i am david gura. Welcome to bloomberg best. A weekly look at Bloomberg News and analysis from around the world. Lets start with a day by day review of the top headlines. On monday, the markets started where they finished the week before, with a big selloff. It was kind of an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. And ugly day, but it could have been worse. Based on where we were a couple of hours ago. What you attribute the selloff what do you attribute todays selloff to . What is this about . There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new develop
It is monday. The a warm welcome to program. China, big news over the weekend. The data for january and terms of Foreign Exchange reserves down by 99. 5 billion yuan. The Chinese Central Bank spending money to defend the currency. It was not as much of an outflow as feared. We have not even gotten into the year of the monkey yet. Manus it was not as bad as everybody thought. What we have is a little bit of a picture or our viewers in through this period 2014, 2015. Defending the yuan is the real story that comes through. We are seeing volatility rise. It is the Lunar New Year. We are seeing traders paying more premium for the u. S. The yuan to devalue going into this year. Janet yellen getting ready to speak. That is the big mark on the calendar. She speaks this week. Lets take a look at what has happened in the Foreign Exchange markets. The dollar got a bounce on friday. Holding onto those games on the dollar index. Above 97. Dollaryen, where are we at the moment . We are at 1204 on t