David and maybe give us an indication whether we can keep that stock rally going. Alix indeed. We have great guests including dan yergin. He will reveal how the outcome of the president ial election could impact the shell business and his outlook for oil prices. And pimlico c. I. O. Will join us and take us through the u. S. Open. The market really calm today. Jonathan very calm. The dbacks down. 1. A quiet turn to fridays trading. The bloomberg dollar index, about a 10th of 1 . Year gild yields down by 20 basis points. Were turning the upside down a little bit. Were up by about four but coming up record lows on gild. The 10year treasury note coming in too. A 30year auction and worth 15 billion worth. A bit to cover which gives you an idea of the demand was low. And we had a selloff across the curve. Commodity market, down. And down about a 10th on crude. W. T. I. Had a massive rally as weve seen. But a lot of it on the back of a happy talk on another opec meeting for some stable accus
Not do what the ecb wanted it to do was one of the comments i saw yesterday. The old the other question was about Mario Draghis comment that this would be the last Interest Rate cut but skepticism about that. Is it all that the ecb will do . It looks like there is a more bullish read that is happen in the u. S. And in europe. The rally to date means that for the year to date, major averages have trimmed their losses considerably, particularly the s p and the dow, now let now doubtless than 2 on the year. Of forss than 2 the year. Signs ise positive counterintuitively been the losses in the highyield. , this looks at the s p 500 total return index in blue. The bank of americahighyield index and he is pointing out that of the last four times we saw high yields fall on an annual basis, stocks then rallied the following year. This looks back at the prior instances when this happened and and stocks rallied. That is one of the reasons he is looking forward to be bullish. We will see if the r
Commodities will join us. He sees a 40 rally in natural gas. Thats not great if you heat your home with it. He also expects a rally in oil. The northeast is bracing for a massive storm, folk. Could Hurricane Joaquin be another Superstorm Sandy . We certainly hope not but we are tracking it all for you. We begin with investors and theyre beginning the new quarter in the red. The latest disappointing manufacturing data from the ism is adding to the weakness. We have the dow down by 164 points. The s p 500 is currently down by 14 points. And the nasdaq off by 45. Were also watching very closely, folks, over the course of the next few hours yields on the 10year note because were sitting at 2. 032 . So close to dipping back to the 2 even mark, maybe even below it after that is m number. Bob pisani joins us from the floor of the Stock Exchange. Hey there, bob. Well, it started okay, mandy. We kind of gapped up in germany and in the u. S. Lets take a look at the s p 500. But that faded very,
Navigate . Well talk about all of that. Joining me, paul howard, scholar at man hat the hat tan institute. This is exposing a dirty little secret in the medical industry. Tell us about that secret. This is a open secret because in order to tell doctors about new products they have to get in to see them. Only time they can see the doctor is during lunch when they dont have patients. They buy them pizza and give them samples. Gerri were not talking about pizza here, right. Were talking about everything. Some doctors opinion leaders in the industry, they are paid consulting fees to talk about new products, go on lectures to do those kind of things. They get a lot of payments for that. A small number of doctors get very significant number of payments. Vast majority of doctors might get reprint or a piece of pizza. Those payments were north of 24 billion. So it aint nothing. It is pretty thorough going. If you look at the number of Drug Companies offering this, pfizer, astrazeneca, johnson
From Michelle Carusocabrera in a few minutes, but first andrew is here with the top stories. Thank you, becky. Hope everyone had a great weekend. In corporate headlines we have a big one, netflix need for speed at the center of the big deal. A new deal with our Parent Company comcast. The two sides have struck a deal under which netflix is paying comcast for faster delivery of the video streaming service. This marks the first such agreement for netflix and is sparking speculation that other content providers may also strike similar deals. Were going to talk a lot about this throughout the program with a lot of implications, also potentiality time warner. And the whatsapp suffering an outage it blamed on a malfunctioning networking router. The founder there issues an apology to 450 million users of the service. Last week facebook bought whatsapp in a deal that could be up to 19 billion. Im wondering if there were a lot of people who didnt know what whatsapp was and caused a problem. And