Katie im Katie Greifeld in new york. Welcome to bloomberg markets. Markets this morning are pretty green but it is pretty quiet. S p 500 currently higher by. 1 payment same thing if you look at the nasdaq 100, also. 2 higher. A little bit more action if you look at the bond market. That really continuing with 10year yields lower by two or three basis points. Back below 4. 50. Greenblatt quiet. Looking for some action, lets go to bailey lipschultz. It feels like we woke up in 2021 feeling like what is going on with gamestop right now. Bailey we are so back, as is marine kitty, call it a meme of a player. That triggered a rally in gamestop shares, up more than 90 , now 104 , halting four times in the first few minutes for voluntarily. It appears those animal spirits are around. Still cautious on the company, cautious on the outlook. They had earnings next month but it feels like in this moment in time, very much shades of 2021. Even seeing shares like amc, all rounding double digits this
Operation managed to save everyone on board of two boards distressed in libya. The recent humanitarian and medical assistance. The coast guard has saved more than a thousand migrants in the past week. European commission chief says that the offer is still on the table for the United Kingdom to remain in the eu, even after both sides have entered the second phase of their divorce talks. Addressing the eu legislature, he said that we are not throwing the british out, would like them to stay. The exit of Great Britain is a catastrophe. That we all have to deal with the consequences of. Says that even if article 50 is set up for the u. K. To leave, theres an article that would allow them to a seat again, and i would be happy to facilitate that. Proposedr says that he new puzzles to settle a 25 year dispute involving greece and macedonia were progress can be made. With the core shares of both countries today, he is very hopeful that this process is moving in a positive direction. Leadership
Moves and mixed trading for the major averages. We do have alltime highs for the three major averages. This follows similar action anticipation of the shortterm funding plan being passed by congress to keep the government open until february 8. Some asking what could possibly stop this bull market but lets ask what is the tailwind . Lets hop into the bloomberg to see one potential answer. This is a look at the earnings picture for the all world equity index. For several years, it was flatlining. That led into the correction that we saw in early 2016, thats turning to climb in 2017 and take a look at the spike early in 2018. Lots of analysts boosting the profit Outlook Companies based on that tax reform, especially here in the u. S. This could be a tailwind for the record highs that we have seen for the markets, more recently as valuation becomes more reasonable. Lets take a look at two winners laggers. Acquers netflix up nearly 10 . They also boosted the guidance nicely. The company no
Look forward to the return and congratulations again. Welcome, everybody, to the closing bell. Im wilburt frost in for bill today. Markets stormed out of the gates this morning, but a dramatic reversal in the last hour. A big day for earnings. After the bell, facebook, microsoft, qualcomm, at t, and more reporting what you need to know ahead of the reports. Starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds statement about market based measures of inflation compensation increasing in recent months, but remain low. They added that phrase they are more hawkish on inflation, but its modest, and the s p, lets look at the s p it did not move at all for the first 15 minutes after the feds statements if you thought, they would have been moving more aggress
[ applause ] good afternoon. Financial Regulatory Reform, thats certainly the most common phrase being mentioned in this town. And with the help of my panelists were going to attempt to discover and analyze what that really means and what can be expected in the months to come in terms of Regulatory Reform. Here in the u. S. But importantly, what that means also in regards to the global regulatory frame work and interaction of u. S. Regulators and firms with those of the rest of the world. One common theme that we have heard consistently from both the Regulatory Community and the industry has been that a goal to support qualities which foster Economic Growth and Capital Formation but at the same time ensuring that safety and soundness is good. So Regulatory Reform gets mentioned and im going to quote in the last couple of days and most of them this mornings, comments that have been made by the Regulatory Community on this topic. Ill start probably with Governor Carney here on this stage