How is having a real estate man like trump in the white house affecting values . We speak with bruce flatt. Have a look at where european equities are trading. We are 30 minutes away from the end of the tuesday session. Stocks are rising. The highest level in 20 months. Coming off the best week since december. The Third Straight monthly advance. We have local elections in the u. K. Job reports in the u. S. On friday. And the french elections sunday. All of these currencies rising against the dollar. I will come to the greek 10 year yield in a second. Down by 31. 7 basis points. The earnings season continues. Aberdeen Asset Management shares of 4 . Outflows flowing. Emerging markets recovering. Cost savings with the net amount at 13. 4 through 16. 7s billion. Profit up by 20 . Active Asset Managers have been seeking to cut costs as they grapple with funds that charge lower fees. That combination with standard light may Standard Life may result in savings of up to 3 million pounds, accor
Good day, everybody. Welcome to power lunch. Im Tyler Mathisen. Stocks are mixed right now. Very slight gain for the s p 500. A little more for the nasdaq. The dow is off, ever so slightly, by about 6 points. Lets check out oil, getting hit hard with wti trading at its lowest level in a month, off nearly 2 at 51. 15. Melissa . Hi, everybody. Im melissa lee. Adp blowing job expectations out of the water. Announcing 290,000 jobs were added last month, far exceeding the 190,000 expected. Pimco announcing a new Management Structure for its total return etf. Current management remains in place for Pimcos Total Return Fund and President Trump is talking infrastructure at the white house. Later in the day, the president will meet with conservative leaders to Talk Health Care as well. A very busy two hours coming your way. Brian sullivan is with us from houston. Whats on tap . Tyler opened the door and im going to walk right through. He talked about oils decline. Were back in the low 50s, well
Category 3 storm packing winds up to 120 miles an hour triggering mass flooding. Margaret brennan is live in daytona beach. Reporter this storm is off the coast of daytona. Conditions have definitely worsened. One of the biggest focuses is storm surmg. Weve been seeing these waves rip up from the ocean, up over the promenade, and they ear coming into the backyard of this hotel. There is actually a tennis court that was here just a short while ago. It is completely submerged like a pool. Theres garbage can submerged in it as well. Surprisingly, the volleyball net is still sort of hanging in there. But in general, president obama making a statement just a short while ago saying that storm surge is a top concern. Weve got about 4 feet in terms of storm surge coming in here. It feels like and looks like its higher in part because we have the high tide coming in here at 12 45. The biggest concern is jacksonville, florida, about an hour and a half north of here, and up the georgia coast in t
Tower. Bright and early here in abu dhabi. Welcome to Bloomberg Markets middle east. Usef a very big day. This is the first time that the Bloomberg Markets most Influential Brands summit conference comes here to the region. You are looking at the event being hosted in europe and hong kong and london. But the first time in this part of the world underscores that this part of the world has come to the forefront of a lot of Investment Decisions that are being made. Where aa oneday event lot of the movers and shakers in Global Finance will talk about the potential of this part of the world, the ongoing challenges. Its been an incredible journey. If you think i could january, oil was at 35 a barrel. That has a huge impact on sentiment. People had written off almost the potential of the saudi saudi Asset Classes. Look at that rebound. 26 so far this quarter in gains. Then you look across to other of markets like egypt, where they finally made the move in terms of fleet freefloating the pound
Accelerating losses we have been seeing over the course of the day. 0. 6 areas down corporate earnings continues to be one of the biggest weights today. 90 of S P Companies have reported earnings growth. 7 year on year. Global concerns are another factor. Lets take a look at what is happening with the s p over the course of the day. You can see there has been general volatility trending to the downside. Disney earnings after the bell yesterday along with macys today, that is pulling down the s p lower. We did see unexpected declines in u. S. Oil. That brought up the s p of this. But we are going to session lows now with the 2 00 market now down 0. 6 . I want to show you the s p sectors general health. This is the imap function. Sevenee six of the of the 10 sectors are currently in the red. Consumer discretionary, as it has been throughout today, is down. Not the most, down 1. 7 . Retailers we have a talking about all day, they are falling. Macys, nordstrom, you name it. 10 out of 10 we