Course and roared back which caused the dow to rebound from down 265 to up 53 points. S p advanced. 44 . Nasdaq gained. 87 . When you look at the link to the price of oil, the idea we could be headed into a recession has become a powerful fiend. A whispered under current in this environment that services when oil take as dive. When oil goes up we stop worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to raise Interest Rates. And how can it be a march rate hike . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telli
Worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to and how can it be a march rate hike . How can that be on the table . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at recession. I guess we are going into a recession. Maybe were in a recession or the Research Analysts wouldnt have spent most of the piece talking about how General Motors will get hurt in a recession. I started thinking about the conversation with fords ceo in San Francisco where he basic
Nasdaq gained. 87 . When you look at the link to the price of oil, the idea we could be headed into a recession has become a powerful fiend. A whispered under current in this environment that services when oil take as dive. When oil goes up we stop worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to raise Interest Rates. And how can it be a march rate hike . How can that be on the table . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. To have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at risk than people realli
Franchise. We have a rate increase, maybe two more. Ramy and brexit, the date of decision draws near. It will be a shock if we were to leave. There is consensus on that. There is the freedom to find new markets in the world and take back control. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome i am it ramy inocencio. This is bloomberg best, the most important review of analysis and interviews from around the world. Lets look at the headlines, we start in the middle east. Bloomberg has been reporting on saudi arabias plan to diverse if i is economy and actually reduce its dependence on oil. Diversify its economy and ask a its dependence on oil. Jonathan all eyes on saudi arabia, the economic shakeup has been led by the deputy crown to go mohammed, trying away from the decade of crude reliance. Take us through this blueprint. What do we know so far . We are talking about the biggest economic shakeup since the kingdom was founded in 1932. They will list the company
For the force awakens was released last night, there a is a look we will talk to a top analyst about the impact the new movie could have on this stock. We may or may not play the entire trailer. You are going to have to stay tuned. Several times. Also yahoo is about to report its earnings after the bell tonight, the stock down more than 30 this year. We will tell you the key numbers to watch for when that report hits the wires coming up next hour. And man who plays former apple ceo john scully in the latest steve jobs movie, jeff daniels will join us live at the New York Stock Exchange to talk about that role and whether will mcilroy was loosely based on bill griffeth. So many similarities. Will ferrells role was more like me. Im ron burgundy. We digress. We if i know with the news on yum brands spinning off its china business. Jane wells has details on that. Investors not quite as happy about it now as they were earlier today but still happy. Boy, that was fast. One week after adding