Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well
Market. 33 basis points. Auto. Ft significantly not a massive change, but still notable. The dollar index is up. Lower. Uber is a lower by 2 . It is between 96 and 97. Tesla is down now for percent. Tesla one of the most interesting stocks giving away you have the first delivery of kinds to cars to shanghai vehicles made by factories in workers and also receiving a shanghai. Note that may be the model three it may miss the delivery target for demand saturation. Saturation is in terms of demand vonnie thank you. Kailey leinz with our market and that continues for tesla. Check. Here in europe, light volume. Us on key analysis. Stocks are down, 7 10 of 1 . Save your favorite for future we will talk about that in a reference. This is bloomberg. Moment. Eight basis points. We are 18 on the german 10 year. A selloff around the world for global bond markets. Here is an assessment from where we go next. We are joined by the head of fx strategy. Nice to see you. You dont like the dollar. I dont
Dubai to london. In hongg, and the kong, a Record Number of candidates cast their ballots. Bloomberg spoke to the said Party Founding leader to get her take away from the election. Now the ball is in the governments court, and really have to respond to the five demands with an independent inquiry into recent events. Theres also the demand of universal suffrage. The government at least has to say that they are listening. Alix for more, bloombergs yvonne man. Joins us now. How does this affect what is happening on the streets . Yvonne all eyes will be on chief executive carrie lam as she speaks Tuesday Morning to reporters here in hong kong. She has delivered a lot of these press conferences before under increasing pressure. Before, that pressure has translated into a democratic exercise. 2. 9 Million People showed up to cast their ballots, a record turnout of 71 . It was a landslide victory for the prodemocracy camp. These district elections are pretty low level. These counselors dont h
Among the top issues will be zero down Greenhouse Gases by the middle of the century. That is the cornerstone of the green deal pledged by incoming the Incoming European Commission president. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In his 1 00 in new york, 6 00 in london, 2 00 and hong kong. Im shery ahn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the stop top stories on the bloomberg and around the world that we are following. Stocks in the green after china says it will raise penalties on violations of intellectual Property Rights. Its trade deal imminent. N versus oxime. Carl icahn is about to receive control of the board. We will have details. Drug pricing transparency. To medications cause three four times in the u. S. And elsewhere, and what President Trump proposes to do about it. In the meantime, halfway into
With the smallcap stocks. Joe em stocks up over 1 . Not a dramatic outperformance but they have been over performing for quite a while. Scarlet lets dive deeper into the action with our market reporters. Abigail, what are you watching . Abigail not participating in the risk on rally and record highs, bitcoin. 15 day chart, down 14 out of the last 15 days. However, today it appears as though bitcoin is maybe trying to stage a rally. Below 7000 as the technical side suggested for quite some time. Trying to hang on by a thread. This is a multiweek decline. In the context of a weekly chart. Over the past few years, a beautiful uptrend for the most part. ,here is the bitcoin bubble 20,000, then going below about 4000. Right now, hitting down over the past couple of years, right around 6400. If these levels can hold, maybe we see a brief bounce back higher. These levels suggest maybe we go down to that average below 5000. The longterm message is bullish for bitcoin. Nearterm chop. Taylor i w