Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
Rallied on the opec headlines in the last few sessions. Honeywell going into software, tpg buying two cable companies, work day with a cloud deal. And apples ceo on the record. Tim cook commenting on declining iphone sales, succession plans and saying ron johnsons hire was, quote, clearly a screw up. Much more from the Washington Post interview coming you. Clinton victory better for stocks. The cover story of barons today. The numbers behind that. And then, of course, week two of the olympics, we just saw andrew playing some table tennis. That form he just demonstrated is not reflective of his true ability, by the way. Do you think he got it was good. Do you think he was told to wrap and decided to muff that one . Maybe. Were go egetting a lot from an. A good week in rio. Yep. What was the highlight. Seeing what its trying to do for the city of rio and the economy of brazil is going to be i love the way olympics sort of operate on a parallel track to history. Right. We see it in beijin
Ground. Wti still above 48 trading at 48. 43. Other top stories were watching, currency markets. Sterling dropping to the weakest level against the dollar since june of 1985. Now the plunge in the currency after uk Prime Minister theresa may said shes going to trigger the start of brexit by the end of march. Also a little bit of corporate news. Shares of Deutsche Bank rising in german trading. Remember markets in germany were closed for a Public Holiday yesterday. Big question, of course, will a Justice Department settlement be favorable to the bank or not . Deutsche bank getting a strong vote confidence from a big name and competitor on wall street. Heres jpmorgans ceo and chairman jamie dimon that believes the german lender will be just fine. Theres no reason that Deutsche Bank shouldnt get over its problems. They have plenty of capital and play liquidity. We want these banks to get through. Its better for everybody that we move on and help do our jobs. More on Deutsche Bank coming u
We also have to tightly look at oil. Tom i have never seen an earnings season like this. You have to go back to early 2009 or 2008 for the excitement and mystery of what we are going to see. We have those layoffs, citigroup, and now jpmorgan. On a small number of people. Francine yes. We will be bringing you the very latest off the bloomberg. Lets get straight to bloombergs first world news. Nejra thanks. More turmoil for the brussels airport, only this time it is a walkout by air Traffic Controllers. The airport is already reeling from the terrorist attacks that killed 16 people. Todays labor strike is disrupting flight that the hub. It began over a dispute over the working age of Traffic Controllers to 58. Syrians are voting today in parliamentary elections. Some 3500 candidates combined for the 2500 parliamentary seats. President Bashar Alassad voted early in the elections, which are taking place in government controlled parts of the country. Now to brazil, where the Vice President