The heels of that Disappointing Services report. Joe energy, utilities also in decline. Day. R a pretty solid we have that feeling when you are so high on the s p 500, you dont even need to do much to get a new hive. Im going to look at the market minutes for stocks and looking at some of the sectors in particular, one in the energy group. Despite oil being down recently, energy has held up fairly well. We are year to date up 15 and largely flat since the start of july where oil has had more volatility. Is veryor that important Going Forward is the financials group. We were looking at some weakness there. Investors start to reassess expectations for a hike. Financials have done well here with the expectations. Any changes to that speculation could send that down further. The brakes ended up closing. Your today, we are down. In the green for some time today, which happens every now and then. In the red closing so all is well in the world. The lets look at Government Bond market. Notable
Brought to it. They reduced the price and brought out a generic. It has made everybody take a look at the industry of pricing drug pricing. They do a good job of sort of explaining just how crazy drug pricing has become and how hard it is to fix the problem. Epipens, it is widely used with people with terrible allergies, including myself. It is necessary. It is especially necessary for kids who have a lot of allergies. It used to be that you could get two epipens for 100 apiece. 600 is a lot. What peter shows in the story is how hard it would be to fix this. This is the excuse that the ceo of mylan made. What she was saying, the ceo was saying, you cannot, they did not expect regular people to be paying 600. It was sort of the price that they were charging insurers and drug benefit managers. The idea was that there would be negotiations. If you dont have insurance, or if you have high or if you have a high interest adjustable plan, you could shell that yourself. Carol you take a look a
Later on will be paul krugman slamming germany. Question,ssic german we want growth but stay within this pact we agreed to. In the u. S. , personal income and spending at 8 30. At 9 45, chicago purchasing manager index and then the university of Michigan Consumer confidence. Heavy data day, given that it is the friday before labor day. Earnings, big lots. Markets in india are closed fora a hindu festival. 8 00. On indias gdp at european Foreign Ministers meet in milan. Wonder what they will talk about. Westminsterl be in today. I will take this to the traffic desk with scarlet fu. New rochelle and tarrytown. Hes staying overnight to attend a wedding. Scarlet fu in the traffic chopper. The traffictan, shuts down, what do you do in the suburbs . They shut down certain streets. You have to get around everything. Were warned, north of new york city as the president has a little on his mind. That on bloomberg surveillance. Lets look at the data stocks, bonds, currencies, commodities. Future
He writes in an oped at wired magazine online, im submitting to my colleagues the strongest open internet protections ever proposed by the fcc. These enforceable rules will ban paid prioritization and the blocking and throttling of lawful content and services. I propose to fully apply for the First Time Ever those bright line rules to mobile broad band. I spoke with chris lewis and doug break. Not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am disappointed. You are disappointed because they are trying to change what disappoints you about it . Title two, there are all sorts of legal entities we crossed into. A big part of the open question is how the fcc will do the forbearance process . There are provisions of title two that just about everyone agrees are outdated and unnecessary. Give me one example. They w
Media companies that are reshaping our world. After months of speculation, nearly 4 million public comments. Fcc chairman tom wheeler has finally outlined his Net Neutrality program. The key takeaway, proteciton of an open internet and regulating the internet as utility. He writes in an oped at wired magazine online, im submitting not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am disappointed. You are disappointed because they are trying to change what disappoints you about it . Title two, there are all sorts of legal entities we crossed into. A big part of the open question is how the fcc will do the forbearance process . There are provisions of title two that just about everyone agrees are outdated and unnecessary. Give me one example. They were written when people were using homing pigeons to communicate