Street warnings. Citigroup joins jpmorgan in slacking a downturn as Global Sentiment takes a hit. Manus are we all on our way to 2 . Its a most like a shakespearean drama. We cant turn back. 2. 75 . Ld retrace the we have priced ourselves on most oblivion on the probability of a rate cut. The didnt show up last night for the sevenyear option which could be the bond market sending the signal back to the market. A lousy bond auction was almost a welcome reprieve. James gorman says he will meet hard data, hard facts for the fed to move. Lets have a look at some of the other at risk markets. , 25 basis point cut on that market next week. The dollar is slipping this morning. They cut their target on the aussie to 65 from 70. You will see 1 by the end of the year. The dollar index, we are off of a fivemonth high. The risk is a major escalation. We could trip over ourselves between china and the u. S. Into a real escalation. That is the risk we must fend off. Nejra theres a fair amount of glo
About what value is being generated for the patient. We have to be careful not to lose the baby with the bath water. That is innovation. And automakers feeling pressure. Top c. E. O. S explain how they plan to steer forward. We have more in common with the administration and the president elect than we have at odds. We want to have good paying jobs and good economy. That eventually tells my business. Its all straight ahead on bloomberg best. Hello and welcome. Im michael mckee. This is bloomberg best. Your weekly review of the most important Business News and analysis from Bloomberg Television from around the world. Lets start with a day by day look at the top headline. Monday, the spotlight fell on china contending once again with volatility. Reserves slumped by 41 billion last month as the yen tumbled. Obviously they were able to defend against that 3 trillion, but how much more can they let these reserves drained . You can see that they are using it and they were acknowledging the r
Reporter the men were arrested in texas allegedly on their way to mexico. Reporter they are facing charges of terrorism. Reporter two milwaukee men were arrested as they were trying to leave the country. According to the f. B. I. Their goal was syria or iraq so they could join isis. According toou 35yearold was chatting with someone he thought could help him join isis. Investigators say he told the agent hes tired of living under the infidel system. Hes a convicted sex offender and admitted drug user who converted to islam in 2003. Ludke said he had changed. He says he volunteers by telling them what he went through leading to drugs and alcohol. But last mow started talking with the f. B. I. Agent about isis. He said his friend was also interested. He allegedly told officers that he had received military training from his time in cuba. At the end of september ludke cut meet up with padillaconde. They planned to sell their car to go into mexico to get passports before going into syria o
Reporter the men were arrested in texas allegedly on their way to mexico. Reporter they are facing charges of terrorism. Reporter two milwaukee men were arrested as they were trying to leave the country. According to the f. B. I. Their goal was syria or iraq so they could join isis. According toou 35yearold was chatting with someone he thought could help him join isis. Investigators say he told the agent hes tired of living under the infidel system. Hes a convicted sex offender and admitted drug user who converted to islam in 2003. Ludke said he had changed. He says he volunteers by telling them what he went through leading to drugs and alcohol. But last mow started talking with the f. B. I. Agent about isis. He said his friend was also interested. He allegedly told officers that he had received military training from his time in cuba. At the end of september ludke cut meet up with padillaconde. They planned to sell their car to go into mexico to get passports before going into syria o
The survivors are seeing less than the 20 day moving average. This is where we stand. The dow is down by a hair. Of course, we are seeing some impact from gdp data from the Second Quarter coming in less than expected. A bit more pressure on the fed. S p stillsaid, the managed to hit an intraday record high, 27 point 09. In the past month, we are up 5 on the month. We are off by a couple of points with a few hours left in the trading session. This is five months in a row for the s p. Gold is also that, rising, up 1. 5 . In terms of looking at what is happening with the gold miners, those are rising. Gold futures are up 1. 3 . Look at this, there and gold, all of them up percent. New point my main new point mining up as well. Despite this slight positive in the gold it is still pushing to highs. David what about stocks that are up on Something Else . Ramy nonearning. There are stocks moving because of other things in the news. First off, hewlettpackard, and they are seeing a bump of 5 .