Highest of nine months. Gainsre hanging onto the and the nasdaq going more deeply in the red after some disappointing earnings reports. One of the main themes of the session has to do with commodities. This is the imap and you will see materials and Energy Stocks if you take a look at that imap are the two bestperforming groups. Materials up 1. 5 and energy up 1. 4 even though the imap wheel is looking a bit mixed at the moment. Something else i wanted to look at is a global commodity monitor. Columnlook of the third over there, it is almost all green today. The only exception being sugar. In other words, we have a very broad commodity rally today from energy to metals to act. Some of that is due to the decline that we are seeing in the u. S. Dollar could the. The bloomberg dollar index hitting its lowest since last june. We have seen that in advance and a lot of those commodities. Having to deal with the u. S. Dollar is that short on the u. S. Dollar are going to a higher level. Heres
Three day strike which had cut production by nearly half. In the meantime back in the United States data showed that stockpiles actually rose last week. Despite all you see oil prices down about 2 . The biggest intel earnings topping estimates. That is the good news, revenues were in line. The chip maker giving weak Current Quarter revenue guidance and as a result cutting its full year profit margin outlook. Shares under some pressure. But intel also announcementing it is going to be cutting 12,000 jobs globally as it works to diversify away from the struggle pc industry. This restructuring is a tool to do that. And what it allows us to do is to be more forget, to be more profitable and to increase investments in some of these new areas, things like the data center and memory, internet of things, 5g and opportunities in the client space where we can concentrate investments on areas we think we have great return and can generate for intel in the future. New roles and a formal search pro
Interviews. Business leaders and policymakers held nothing back. I dont want to talk about brexit. I do not want brexit. Plus, we dont miss a beat as earnings season rolls on. It is all straight ahead on bloomberg best. Erik hello, and welcome. Im erik schatzker. This is bloomberg best. A weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Last week ended with high hopes that a meeting of Petroleum Producers in doha qatar would result in a deal to freeze output and bring stability to the market for crude. But talks fell apart and this week began on a familiar note, uncertainty for oil. The much touted meeting of top Oil Producers. Ended without agreement, no deal. We are seeing crude and brent tumbling this morning. What comes next . We are moving towards a balanced market. Demand is still relatively strong. The markets are on a natural rebound. As we get towards the end of the year, we will be in a much more balanced
Business leaders and policymakers held nothing back. I dont want to talk about brexit. I do not want brexit. Erik plus, we dont miss a beat as earnings season rolls on. It is all straight ahead on bloomberg best. Erik hello, and welcome. Im erik schatzker. This is bloomberg best, a weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Last week ended with high hopes that a meeting of Petroleum Producers in doha, qatar would result in a deal to freeze output and bring stability to the market for crude. But talks fell apart and this week began on a familiar note, uncertainty for oil. The much touted meeting of top Oil Producers. Ended without agreement, no deal. We are seeing crude and brent tumbling this morning. What comes next . We are moving towards a balanced market. Demand is still relatively strong. The markets are on a natural rebound. As we get towards the end of the year, we will be in a much more balanced market
Breezy day ahead. The sun is expected to peek out a little bit later on. Were keeping an eye onc our weekend weather. This is nbc 10 news today. Im rosemary connors. Im vai sikahema. Lets bring in meteorologist bill henley who has the first alert forecast. Bill, grab your coat. Leave the umbrella today . Yes. It will be dry but we will get a cold one. Were starring off chilly with clear skies. About an hour away from sunrise right now. At this hour, the temperatures are still falling. A live view from center city. The temperature, 44 degrees in philadelphia. There are colder spots, coatesville is at 39 degrees, 39 degrees in toms river and right at 40 at south philadelphia, 5th and wharton. Northeast philadelphia at 44 degrees. Factor in the wind, though, we have readings in the 30s. It feels like its 36 in the city and most of the area is feeling that cold wind this morning. Well get sunshine. Bright sunshine at 7 00. 47 degrees at 10 00 and just in time for the parade in center city