their next target. that s why israel s victory will be your victory. but make no mistake regardless of who stands with israel, israel will fight until this battle is won. and israel will prevail. that was part of a defiant speech yesterday from israeli prime minister benjamin netanyahu where he rejected calls for a cease-fire as well as his resignation. we ll have more of his comments and the latest on the israel-hamas war in just a moment. meanwhile, aid for israel is a top priority on capitol hill, but the two chambers have very different plans for delivering it. we ll go through that potential funding fight. and also ahead, the new executive action from president biden on an emerging technology with serious national security concerns. good morning and welcome to way too early on this tuesday, october 31st, halloween. i m jonathan lemire. thanks for starting your day with us. we have a busy news day. we ll begin in the middle east. as the humanitarian crisis in ga
Large amount of the countrys population and oil fields. In british judge has upheld an arrest warrant for wikileaks founder julian assange. Lawpent years avoiding the and is trying to avoid exhibition to sweden and is wanted there for questions of allegations of Sexual Assault and rape. Assange were to leave the embassy, he could be arrested. Faces its worst job on record, the port city has delayed three weeks of which they may have to turn off Water Supplies the residents. 4 watero is set to june usage reaching a record low. The South African government has declared a National Disaster in the southern and Western Areas of the country. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Shery i am shery ahn. Vonnie i am vonnie quinn. What the bluebird markets welcome to Bloomberg Markets. Here are the top stories on the bloomberg and around the world. All eyes on inflation with investors bet
Not seen the kind of range today we have seen in recent days, that changes in the markets prove me wrong. We swung from a loss to a gain. It is a smaller loss than we have seen in recent days. Still, the volatility is there, or the swings are there and daily averages. There was no catalyst that seems to send stocks higher. If you look the daily range, with the average, you can see that today, yes, the range is on a relative basis somewhat smaller. Overall, the range has really ticked up recently. Lets zoom in to get a better look. There you have it. Here is todays daily range versus where it has been recently. It is higher on balance that it was last year on a typical day. . Hat is leading stocks higher we have Consumer Discretionary stocks performing well today. Ther armour is helping lead gains there because the companys earnings and revenue came in better than estimated even the north american revenue still fell. The rates of decline is still smaller than it has been in recent quart
Yield he 10 year 2. 93 on the 10 year yield. Pivotrt of the morning to of the weaker dollar has to be dollaryen continuing its move below of critical support levels. Nonetheless, the question of the stronger yen, is it a safe haven play . Is it the hedging . A lot of question marks to what its doing. Companies arent so fine with it. It does not do well for equities. Taylor riggs is here with first word news. Taylor in south florida, a 19yearold former student has been charged with 17 counts of premeditated murder after the Deadliest School shooting in the u. S. In five years. Cruz open nikolas fire with a semiautomatic weapon. He had been kicked out of the school last year. 15 wounded survivors have been hospitalized. President trump plans to meet with mexicos president in the coming weeks. Relations between the countries are strained. President trump as insisted that mexico pay for the wall on the border. He has demanded mexico agree to changes in the north American Free trade agreeme
High for the day. We should not get too complacent. We have continued to see swings. If you look at the gains, they are pretty broadbased. Only energy is lower. That has been the Weakest Group throughout the day. Utilities recovering as we see a little bit of a back up and yields today. Tech shares also strongs. Also strong. If you take a look at the weekly performance, we are setting up for the best week for stocks overall in quite some time. For tech specifically, and the xlk, it could be the best week going back to 2011 with a 5 gain this week. That would be even bigger if you counted the rally which began last friday. Cisco is helping lead the technology gains. That company is trading at a 17year high. The company came up with revenue that rose for the first time in eight quarters. The forecast was also positive and the company said revenue in the current period will climb as much as 5 . We have seen other companies and related businesses also on the rise. On the call today, the ce