This point the nikkei ended flat. Hang seng was off just over 1 shanghai composite down as well. And in europe youre going to see at this point it looks like things are also in the red there. The ftse is the biggest decliner down by just over 1 you can see the dax down by 0. 75 if you want to check out crude oil prices, at this point youll see crude oil is up 36 cents 49. 92 facebook it is making a big bet on video. The social media site launching what its calling watch. Redesigned version of its video platform its going to be rolling out to facebook users over the next couple of weeks. It will include a mix of original content as well as live sports recommendations of what to watch will be personalized based on your interests and what your friends are talking about. This is facebooks latest push for tv ad dollars. Mark zuckerberg said video will be the largest driver over the next two to three years. A big push some people wont get it if youre on facebook now and go to look for it tod
Of equities are trading, this is your function, the lefthand column of course is those equities. There you have it. Switzerland, italy, spain, ftse here in london rising 1 . The top three currencies are game against the dollar ahead of the fed meeting. Its widely expected to raise rates did the yield is coming down in europe. The final two columns, so much to tell you about. Lets start with media set. The shares are rising the most on record. Look at though shares, 35 higher today. The purchase represents what could be seen as a show of force. That is the billionaire chairman the premium to buy paytv service. Whats interesting is the former italian Prime Minister isnt waiting to counter the hostile attempt to loosen his control over media set. More, addinge 5 to its Current Holding of about 35 according to people familiar with the matter. At 196d be valued million euros. Shares are reflecting that, up by 35 . Check out sab miller. A tokyo were has agreed to by the Eastern European asse
Strength and technology overall. For the moment, we are not seeing an improvement in stocks based on these numbers. Im going to take a look at the bloomberg, as well. A looks like we are not updating the dow. Ticking very slightly into the green, actually. It is up by about two points. The s p is up off by about 0. 5 points. Still a little changed. Still of 0. 25 on the nasdaq. 0. 25 on the nasdaq. The focus continues to be on retailer. Strengthen some of the Retail Stocks yesterday and today, we are going decidedly in the opposite direction. Consumer discretionary down only 0. 25 . There is strength in media stocks. Real estate is one of the worst performing groups today because some of the mall wreaths are trading lower. Individually, macys and kohls are leading the declines. Kohls is down 17. 5 . As theys down 13 announced plans to cut another 6200 jobs, bringing total cuts to around nearly 10,000. They already talked about plans to shut 100 stores. Saw a decline on a samestore basi
Look at the bloomberg, g btv 3598 that looks at the msn reading and market reading of manufacturing. 50 is the dividing line between contraction, so we saw manufacturing come down and has been016 expanding now at a higher rate to most of 2015 and now on 27 2016 and out 2017. As trump pushes for made in america, this chart shows we had seen an expansion of manufacturing, although he is looking to expand that even further. Taking you back to the markets and a look at the major averages in the wake, a bounce back after four days of selling stocks in the United States, but i want to look at what is going on with rates because we had been seeing rates push lower. Five, a move higher by basis points and you can see the reaction to the earlier economic data, the employment report showing a job expansion and now yields take a five basis points to 2. 5 . Likewise, the u. S. Dollar had been selling off recently and coming back today, particularly versus the japanese yen, catching a bid in recent
Uk cpi hits 1 , the highest in almost two years. As for our own core cpi, 2. 2 is just a shade light. Netflix shares soaring. Reid hastings said it will double down on original content next year. Goldman sachs beats both the top and bottom line. The shares, get this, theyre up in the premarket. Visa ceo Charlie Sharf resigning, saying he can no longer spend enough time in San Francisco to do that job effectively. Netflix surging after blowing past expectations. Quarterly subgrowth of 3. 6 million. The company also out with betterthanexpected earnings. Reid hastings last night on the earnings call. Its time for me to apologize for the volatility again. You know, this time its good a good direction. But i think more and more investors are able to look at the multiyear picture and they see the patterns emerging. And so then it would be less and less about our guidance. Stocks on pace for the fifth biggest gap on earnings. I wonder if hes going to apologize for the volatility this time . T