Last night i told you that whenever we have an intraday rebound from a big decline based on pretty much nothing, as what happened yesterday around 1 40 to 1 43 p. M. Then you could have a chance for a real run the next day. Ive staked my career on being able to spot bottoms and tops. And that intraday pivot often signals a real sea change in the market. Sure enough after a slow start the dow rises 116 points, s p gained. 59 and the nasdaq jumped. 83 . When the market was once again cascading down, out and out capit capitulation, and then it just stopped. And then it started rebounding like crazy almost into the close because none of the prevailing negatives actually changed the higher Interest Rates, soaring price of oil. The rebound was widely dismissed. Hard to take seriously when the fundamentals havent changed at all, isnt it . But i choose not to dismiss it because these kinds of against the prevailing mood moves can be very meaningful. They have been many times in the past. A piv
Freedom of Peaceful Assembly and association. That is something we are repeating now. Situationhugely tense , we want to repeat calls for calm and peaceful protest. Leaders urgingn people to boycott sundays election for delegates to rewrite the constitution. Peacefullyrs ended in jerusalem. Israel he police had been on high alert. The have been at the center of. Rolonged tensions israel installed the metal detectors at the mosque when two Police Officers were killed there two weeks ago. It was a move to expand control over the area. More than 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Julia live from bloombergs World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. 30 minutes from the close of trading here in the u. S. Julia disappointing earnings shaking tech shares and the dollar lower on weaker gdp revisions. Joe the question is, whatd you miss . Scarlet north korea fires in confidentialt are
Media was calling mr. Trump a greenhorn president. President xi showed off his latest weapons many a huge military parade. Venezuela, ten reported dead yesterday. President maduro claims support for his plan to impose a socialist dictatorship. When will his regime end . Its on our doorstep. President trump threatens strong and swift economic action. Russia, president putin will throw out hundreds of u. S. Diplomats in a tit for tat retaliation over more extensive american sanctions. Half hour from now, john kelly sworn in as white house chief of staff. Bring in a general to impose more discipline. Look, the world is on fire, politics at home is cantankerous and unsettled, but stay with us. We have the amazon news, the tesla news, the uber news and, yes, you are going to see stocks go up again a half hour from now. Varney company is about to begin. Stuart well, look at this. President trumps already taking a victory lap on the economy. Hes doing it this morning. Here is tweet. Highest s
Points today. Its seventh consecutive decline. S p sank. 6 . Strong dollar and Lower Oil Prices are once again wreaking havoc on the stock market. Just like it did earlier this year. Until we got that nice respite in july, a respite that sadly now seems over. So how the heck did we end up back in this ugly situation . What are we supposed to do about it . Why dont we start with the key culprit . Oil. Oil declined 20 from its recent highs which qualifies as a bear market. Whatever thats worth. Its remarkable how little investors seem to care as oil plunged from 50 down to 40. The whole market moved higher. Often led by none other than the oil themselves. This paradoxical action culminated in oil crashing down to 41 last friday. The same time many oils as well as the broader s p 500 moved higher. But as of this week, that decoupling, it no longer seems to be the case and as oil blew through today, most of the market rolled over including glaringly many industrials, technology and consume
Election. Kids age 17 and 18 will be able to take part for the first time. And fruits for their labor. They are changing the growing market to suit their area. Almost one week has passed since u. S. President barack obama made a historic speech in hiroshima, japan. A senior white house aide has shared some details about obamas speech preparations. Nhk worlds chie yamagishi reports. 71 years ago, on a bright cloudless morning, death fell from the sky and the world was changed. A handwritten excerpt from u. S. President Barack Obamas historic speech in hiroshima last week. It was p posted onliline by ama National Security adviser ben rhodes. Rhodes also posted about obamas process behind the speech. He said the president worked hard to make sure his speech would be a broader reflection on what we must learn from history. He also said obama wanted to balance realism with idealism. Among those nations like my own that hold nuclear stockpiles, we must have the courage to escape the logic of