made have an old fighter print the did not say one and done. companies around the globe unleashing a tsunami of earning reports. confident we are going to stay very disappointed. cooks it is about being the most positive. it is also the head on bloomberg bus. hello and welcome. this is bloomberg bus. mosteekly review of the important business news, interviews from bloomberg television around the world. onestors entered the week edge. after the dow jones dropped. monday the plunge continued. jones was in a 1100 points in one day. it is now down for the year. last week we have the monotonous rise in treasury yields. to the yield comes off a little bit. for the first time it was about risk management. the cta trend followers. it has been for the entire last week. they are looking and say in may be tax reform is not entirely a great story for all companies. it started to dissect after you that is what has them spooked. we have some price discovery right now. off kind of
see. workshop hathaway, warren buffett said he needs a quiet 2017. betty: it has been everything but quiet in the equity markets these days. out, but it to close want to point to you a chart. g #btv 9668, which is what we have seen for huge amounts of price swings in the equity market. if anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s&p fearing s&p. right, butett is 2018 is a totally different story. you just saw on the right-hand side with how big those differences are in the highs and the lows. you can see that even on friday, the s&p rising by 1.6%. the dow swinging back with these huge gains 350 points. the nasdaq also rising by 2%. it will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u.s. yvonne: it seems like we bucked that trend selling on friday. the relief are a lot of equity
down oil and gas production. haidi: hello from sydney. this is daybreak australia. we are talking about the first major market open. betty: i am betty lou. this weekend has been quite eventful. just what happened over the weekend with hurricane harvey, hurricane category four slamming into texas. the fiercest storm and 50 years. the worst hurricane since 2004. a quarter of the production now expectation is it will not hit the whole of the u.s. economy but certainly texas itself. let s get a quick reminder before all of that happened how stocks traded on friday. watching with bated breath what janet yellen was going to say, she was on message friday. that meant the market did not trade that much, not a lot of volatility as we saw by the end of friday s trade, the dow up 30 points. the s&p up 0.1%. the nasdaq trading unchanged. we have a lot had this week including jobs data in the u.s., likely to dominate the chitter chatter in the market ahead of the data on friday. that is a
north korea despite the latest missile tests, three, in fact. there is a lot ahead to kick off the trading week. i want to start with one story that may not be on everybody s radar, but certainly in california. as we speak may be holding a meeting where they determine afterll be the next ceo travis kalanick was ousted. overesting developments the weekend. the former ge ceo took him out of the running to lead uber. , i haved, in fact decided not to pursue a leadership position at uber. i have immense respect for the company and founders. not sure what happened there, but there was speculation that jeff did not like the chemistry of the board. took herselfwho out of the running, she seems to be back in the running and may be voted in as the next ceo of this company. with all the diversity problems we have in hearing, having a woman lead uber is not the worst thing for the board. it could be a boost to the image of uber after the tumultuous time we have seen. saying ieen
rishaad: right, well, banks reporting out of china this week. note onjust seen a nonperforming loans. people keeping an eye on that. this is an alarm bell for the amount of debt they are caring. showing what 9438, is happening. out of all of them, it is agricultural bank of china which is the worst. it s nonperforming loans seemingly worse. all will be revealed this week, the big four out with earnings and indeed these numbers as well. haidi: absolutely. a lot to digest when it comes to the asian open. we are getting the washer from jackson hole, more what wasn t said by janet yellen and mario draghi, the latter refraining from commenting on monetary policy or the strength of the euro. the dollar lower on the account of janet yellen sounding more dovish than expected. we had saber rattling out of north korea, and the big calendar when it comes to macro data. friday, and china pmi rounding out that picture when it comes to the chinese economy. we are 30 minutes away from the o