A lifeline for sears that may be too little, too late. And the wait is over for baby yoda fans everywhere it is friday, february 21, 2020. Worldwide exchange begins right now. Good morning. Happy friday welcome to the show. Here is how stock futures are setting up their friday today. You can see here, stock futures indicating 140point drop for the average. S p open down about 17 points. The nasdaq is off by about 75. This is after a wild ride that had the dowdown about 350 points you can see there in that time lapse, a huge volatile trade in yesterdays session. In the bond market, 10year benchmark below the 1. 5 mark. 1. 48 there. Twoyear at 1. 37 . Treasuries a key focus as people buy up the safety of u. S. Government bonds lets send it over to Joumanna Bercetche in london with an update of what is happening around the world good morning. The handover from wall street has been interesting we are seeing a little green here shanghai composite up. The tech sector slightly better up 1. 1
Of hedging backup. People going out and buying protection. The cable rate going nowhere. Youre seeing flattening in the market for treasuries. 1. 82 is how we trade. Time now for the global exchange. We bring you todays market moving news from around the world. From riyadh to zurich, london and washington, our bloomberg voices are on the ground with todays top stories. In riyadh, history is being made. Saudi aramco jumping 10 in its debut, giving a value of almost 2 trillion. Bloomberg spoke exclusively to the ceo of the Saudi Stock Exchange. If the full offering size is offered in the markets based on ,he 1. 7 trillion valuation that is a on. 5 . However, thi changes every day. We are watching the price change over the next four days. But our anticipation of 8 to 9 would be the weight of aramco. Alix yousef gamal eldin joins us now from riyadh. Give us the latest on the ipo. Yousef its been a remarkable few hours. Trillion, to 1. 88 within firing range of the 2 trillion mark, which ha
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Money investing for yourself than hiding out in bonds or putting your money in index and mutual funds, which you know we favor. Pundits and commentators say its too hard. I know from experience from running a 500 Million Hedge Fund for 14 years and returning 24 after fees that you can do it as long as youre willing to put in the time and effort. And i know you are succeeding at individual investing when you stop me on wall street or squawk on the street. Not everybody is up to it. Thats why i say i have no problem with index funds. In order to be a good investor which i know you can be youve got to understand how the market works behind the scenes. Thats why tonight im devoting the show to sharing the most important lessons i learned in more than four decades in the market. There are lessons i need you to unlearn, myths that need to be demolished. The notion that the market is rational. That the action makes sense. That simply isnt true. Any given day the action in the market can be no
Bad but the fight still has to go on. Three firefighters killed in the line of duty. Authorities say the firefighters were involved in a vehicle accident when the fire overtook them. Unrest on the streets of st. Louis following the Fatal Police Shooting of a black 18yearold. Police say he was pointing a gun at them. He was a democrat longer than he was a republican. The war of words are erupting between them. You know whats happening to jebs crowd, as you know, right down the street . Theyre sleeping now. A blast leveled 16 rooms of a hotel. It critically injured a gasline worker. Clinton denied that on the campaign trail hillary f youre trying to convince me of your innocence, you really picked the wrong outfit. The new policy. Regal cinemas is checking bags. Firefighters were cooling diesel tank on an amish farm in maryland and it exploded. No one was hurt. All that a wild rabbit brought out the red flag at bristol motor speedway. There you. It is a star warsthemed night. You cant sa