Stoxx 600 after a selloff in Technology Stocks. Meeting, we understand that russia and opec will extend their production cuts. Eurodollar, im looking at that, also pound. Maybe finding an agreement. With some of her possible coalition partners. Later on, we talk italian banks and risk with claudio costamagna. Interview yousive dont want to miss as well. Minouche shafik joins us in her first tv appearance since leaving the boe. I, we will talk with the socgen chairman. Lets get to the bloomberg first word news. Nejra u. S. President donald trump has nominated Marvin Goodfriend to be a governor of the Federal Reserve. A professor at Carnegie Mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. Opec and russia are ready to extend their Oil Production cuts until the end of next year to ensure global stockpiles keep falling. Viennang to delegates in , all opec members a
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that
Won, i want the gold i watched a couple hours of it unbelievable, right . Im still trying to understand you try to get it in the center thing or not you want to new york the other guy out. Whats the hammer if you have the hammer. I dont know the terminology come on i know we won by knocking them out those guys are intense. This guy has been there for several olympics when the guys get what is he called . Who does the pushing . Yeah. They score. Hes like 9 or something. When the guy on the other side is holding the brush i think theyre getting rid of the friction in between to make sure it goes the right direction. I know, but the guy at the other end, he is not moving, theyre aiming it . Theres a lot more skill involved than we have given them credit for yeah. And what if theyre running down and a foot hits is that a technical they have to be careful it is slippery theres a deal breaking not a curling deal. General mills buying blue buffalo for 8 billion in cash or 40 a share. Blue buf
Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be an
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