Today is different. I think the number one reason is pretty obvious. We had a big Oil Turnaround in the middle of the morning, and thats primarily what turned things around, if you look at the sector. We have been so deeply over sold. I mean for days. For example, the putcall ratio at one point, thats really elevated. All sorts of sentiment indicators. Retail sentiment way oversold. We just have been waiting for days for many some kind of bounce. Oil was the catalyst there. Look at the s p. It corresponds with roughly the time that oil started moving down. Remember, we have brent exploration today. That may be adding volatility here. In terms of sectors, obviously, you have Energy Leading the rally here. Weve got almost 4 move in energy. Health care, industrials. You see Consumer Staples are lagging here. Thats on the bottom here. Obviously the defensive stocks are weaker here. Stocks blowing up this week, not surprisingly, are doing better. Freeport mcmoran turning around a little bit
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. We look to be in for another roller coaster ride this morning, so buckle up. While you were sleeping, heres what happened in the markets. Chi chinas stocks got slammed with selling accelerating in the final hour of trade. The shanghai comp dropped to its lowest level in a year. Despite efforts to lift sentiment ahead of the Lunar New Year holiday. A big part of the story again is energy. Oil prices sliding back below 30 a barrel. Lets have a look at price action today. Were down by about 1 . Wti, 29. 95. Brent just above 30 as we look at things this morning. Stocks around the world are following asia lower this morning. Were looking at another Global Market selloff. Lets show you what u. S. Futures are doing. Theyve been hovering around negative 100, at least on the dow, pretty much all morning. Theyre off the worst levels of the session with dow futures now indicated to open down 66, s p down 7, nasd
Funds. Pitches his takeover directly to the board. The bid is worth 5. 6 billion. Those are the headlines. Lets take a look at some of the markets. Tokyo and bone by right now a bloodbath with linkedin shares down nearly 30 . Look at why investors are rushing for the exits. More changes afoot at Sumner Redstones empire. What is next for cbs and viacom as the companies embark on a new era. The zika virus continues its spread, rising in the u. S. And spain. Could genetic engineering be the answer . First, to our lead. Linkedin shares plunging in afterhours trading as much as 30 on weaker than expected guidance for 2016. Revenue in the current period will be 820 million, falling short of estimates by 47 million. Revenue in the Fourth Quarter climbed 34 . The Company Reported net loss of 47 million, down 6000 yearoveryear. He with me to break it down is our Bloomberg Intelligence analyst in san francisco. David kirkpatrick and new york. And our editor at large, cory johnson in new york as
Of zika virus are reported across the u. S. Territories. Prices on condoms have been frozen after two new cases of sexual transmission of the virus in texas. People watching saturday night live this weekend may think they are seeing double. The Bernie Sanders Campaign Says he will be in new york for an appearance on snl. Larry david will be hosting. He does a spot on impersonation of the senator. Nbc denied to comment. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world trade from bloomberg World Headquarters in new york, i am mark crumpton. Emily im emily chang, and this is bloomberg west. Coming up the nasdaq closes deep in the red after a week of wild stock moves. Linked in losing 7 billion in value. U. S. Jobs, painting a rosy picture. Is Silicon Valley a net job creator . We dig into the numbers and talk about what is missing from the jobs report. Twitter tells us it is suspending accounts associated with terrorism. Will the Te
Im mark crumpton. Im emily chang and this is bloomberg west. Theill hear directly about future of yahoo from marissa mayer. I asked her whether the company is really up for sale. Gopro tanking again. Sales forecast coming in way below estimates. Can gopro get its mojo back . And a changing of the guard at cbs. Sumner redstone steps down. We will discuss. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. The company is also playing the cfo with ryan mcgee from qualcomm. It slashed the price twice since its debut in july. What is next for the company to do . Is bob mcdonnell. Thank you for joining us. What went so wrong at gopro . The problem youve got is this is a company thats been trying to promote themselves originally as a Media Company and as a bigger vision player. People have recognized its