Notched the first record close since november of 2021. It was up. 90 . It wasnt the only index to set a record. S p was up, too. The 14th record of the year. The dow broke a threeday losing streak and trading off. 75 . Nasdaq 100 set a record yesterday. If you look at treasury yields on this first trading day of march, you see the tenyear yielding 4. 227. Twoyear yield at 4. 58. And Congress Passed the shortterm funding bill sending it to President Bidens desk last night. It averts a partial Government Shutdown that would have happened this weekend. It is part of the broader bipartisan deal to push back the deadline for 6 of the 12 spending bills tofund the agencies until next friday and the remaining six until march 22nd. New York Community bancorp shares plunge after replacing the leadership. Leslie picker has the latest. Reporter andrew, good morning. The latest news is just salt in the wounds of investors who held on to new York Community bancorp shares through the year. The stock
Euro area Economic Confidence rose for the second straight months in may, beating estimates. The highest level in four months. Boosted bywas strengthening Consumer Sentiment and improvements in the retail and construction sector. Greeces gdp contracted by 4. 5 since the prettiest quarter. Economic data for the country shows that quarterly exports fell since the previous quarter. Economic data showed markets are closed in the u. S. And the u. K. Today for the and spring bank respectively. The dax is still higher, up. 3 . The cac 40 is pretty much unchanged. There are some stocks were watching driven by m a news. Bayer is gaining after the sunday times reported they may put forward a new improved offer for monsanto as early as this week. Stocks one of the best reporting. Lets switch of the board and see what is happening in fx markets. It is a delicate a day of Dollar Strength, poise for the biggest monthly jump since september 12 14 on Janet Yellens comments. At the bond look markets be
Coauthor of the new book. Thank you for joining us. You wrote this book with another , sir alex ferguson, the legendary former manager of manchester united. One of the most revered names in football, soccer. What do you to this project as a journalist turned tech investor . I always followed united, not as a raving fan, but i follow them through the years. Working in Silicon Valley, working hard to build support, i was very curious about organizations that had succeeded for a very long time and performed at an extremely high level and particularly those organizations that had been run by one individual, and there are just not that many of them. You have been passed with picking undervalued assets and making them possible. He grew up in scotland, and i grew up in wales. Both of us having outside mentality and also a fair amount of a big work ethic. He is credited with transforming this faltering club into a 3 million public company. What was key to his success, what are the lessons for
That happening . David all of that next on bloomberg best. David hello, i am david gura. Welcome to bloomberg best. A weekly look at bloomberg elevation and analysis from around the world. Lets start with a day by day review of the top headlines. On monday, the markets started like the week before, with a big selloff. Stephanie an unbelievable day. At one point, you had the nasdaq off by 3 . But into the close, stocks made contributed to a rally. The s p only off 26 points. The dow only up 177 points. And ugly day, but it could have been worse. What you attribute the selloff to, what is going on . There is more anxiety about the financial sector. Even a few weeks ago, it is a relatively new development. The focus is mainly on european banks, but a few things have been driving markets lower. Last week, most of the economic data, even the u. S. , was on the soft side. It is reinforcing concerns about the health of the Global Economy, even the health of the u. S. Economy. Second, we have
In business show. In Silicon Valley, they are in their own world. They are scaring the hell out of some people. Shery plus the singapore airshow. It is all ahead on bloomberg best. Shery hello. Im shery ahn. Welcome to bloomberg best, a weekly look at the most Important News and interviews from Bloomberg Television around the world. Lets begin with a day by day review of the week passed ks headlines. New concerns of the yuan. What did he say, what was significant . The message in and of itself was not new. We are not engaged in the current evaluation evaluation. The fact that he said it at all the key message is we are not going to push the currency down. We do expect volatility along the way. There is essential message coming from china that is not about devaluation. That is what a lot of Asset Managers this morning said. The fact that he said anything was a sign of support. The senior economist in singapore is saying the report we got on the trade front, his assessment does not make