In for wilfred frost today. People will gather in iowa for their choose of president of the United States of america. Candidates will spend the day rallying supporters. Well take live to des moines in 4 minutes in 4 00 a. M. Iowa, hugely state. The pmi coming in 49. 4. Thats shortly short of estimates. Chinese stocks closing lower. Most in asia finished higher. Still getting a boost from that boj, bank of japan decision on friday. Also the ipo business is having a rough start to 2016. There were no initial Public Offerings in january. Thats the first time we have gone without an ipo of four years here. Getting a test overall with two Bio Companies expected to attend offerings. As for the broader markets. Heres a quick look at the final numbers for an ugly, ugly january. The dow and s p off to the worst start of the year since 2009. The blue chip index dropping 5. 5 . The s p down 5 . Nasdaq losing 8 overall. It was a melee for so many parts of the market. It was broadbased, sara, in ja
A is for alphabet. Googles Parent Company has a big day on the stock market and has overtaken apple as the worlds most valuable company. Brent good to have you with us. The first round of voting has produced upsets and some cliffhangers. In the republican caucuses, texas senator ted cruz is the winner with 28 . The billionaire and Businessman Donald Trump came in surprisingly at second place with 24 and marco rubio managed a late surge. People had not been expecting this, 23 . Hillary clinton and Bernie Sanders are both at over 49 with clinton clinging to a razor thinly. Some precincts, believe it or not, the toss of a coin. 90 white and more than half conservative christians, the iowa a lecture it is not representative of the u. S. As a whole. They have delivered a major upset in the first caucus leading to elections. Tonight is a victory for courageous conservatives across iowa and across this great state. Donald trump took second place. Still, he is leading the national polls. We wi
Boone pickens, another bloomberg exclusive. Welcome to Market Makers. I am Stephanie Ruhle p or and i am matt miller in for Erik Schatzker today. You know why he is not here . Today is the 41st birthday of matt miller. Happy birthday, big boy. Thank you very much. After what i can only describe as a blood bath last night for the democrats, republicans won just about every disputed race in the country, capturing the u. S. Senate in the process. President obama will hold a News Conference about what this means administration. Lets go to White House Correspondent Phil Mattingly in washington, d. C. The president is pretty clear right about what occurred last night at what that means Going Forward for his agenda is a couple of things. I think youre going to hear some conciliatory remarks saying he wants to bring republicans to the table, he wants to find issues they can work on, but he also wants to have a delicate balance to her he will say he will keep moving forward on executive actions
Shame. And gay talese. Revisits the bridge that made him a literary giant. We begin in washington, where a 1. 1 trillion spending bill hangs in the balance with the u. S. Senate. The house narrowly approved the legislation last night, despite support from president obama it is getting a lot of push back from democrats who put a lot of the blame on banks. Here we are five years after dodd frank with congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out of the biggest banks once again. And it is with the banks we take a closer look at the spending bill. As Patricia Sabga reports, it is all in the bills. Its an item in the bill that is so importantly to the big banks, j. P. Morgan chief jamie dimon personally telephoned. A provision repealing a key dodd frank financial reform that would prevent banks from leaving taxpayers on the hook when certain r
Dont adjust your tv sets. What youre seeing is real. Oil prices are falling and the more they fall, the more they fuel turmoil in america and around the world. 47. 43 a barrel in crude trading today. We havent seen a price this low since april of 2009. And then the world was in economic turmoil. Back then, there was a recession that sapped the worlds demand for oil. But todays story is very different. New supply, fueled in part by americas fracking boom, is out stripping the demand around the world. Ands is not so much a demand problem, but a supply problem. So far they have fallen 55 from june of 2014, and Industry Analysts warn that oil prices might have room to fall more below 30 or 40. You might be saying, im enjoying these low gas prices but im going to tell you the other side of the story. That hit u. S. Stocks that fell 1 in trading. Against this backdrop, the white house promised to veto any legislation in congress that gives the go ahead to the intentional keystone xl pipeline