The german dax is down about 10 and so is our s p 500, the 10yr note yield, thats a cheap culprit. Rates have been backup yesterday. We are right around 2. 84 it is the expectations of higher rates to a certain extent. The prospect of inflation has caught the attention of investor over the last tentrading days and resulted in a significant decline for the s p 500. Lets ged t to our road map this morning. The dow facing its worst week and s p 500 worst week since 2011 you just saw stock futures are pointing to a rebound. It would be the largest tech opposition until it is or it is not. Qualcomm officially rejects broadcoms buy offer theyre going to meet. Jim and i will have the details. And Winter Olympics. Carl is going to sit down the comcast ceo, Brian Roberts later this hour. Wall street has never been happy it is a friday bracing of what could be a volatile session the dow and s p 500 are in correction territory that means they reached down 10 from todays highs in late january when
Turn to emma chandra. Donald trumpla, and philippines leader Rodrigo Duterte have bonded over their like of warmer president obama. Dutertescording to spokesperson. Trump said he had a great relationship with duterte. In alabama, allegations of sexual in propriety appeared to have an impact on Republican Senate candidate roy moore. For the first time, he has fallen behind in polling for next months special election. Jonestrails democrat doug 46 to 42. A deadly earthquake has struck the iraniraq border region. The quake had a magnitude of 7. 3. It is a rural, mountainous area where people rely on farming to make a living. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. David trump is winding up his asia tour, with much talk on the president about fair and reciprocal trade. How did china and other countries he visited respond . Our whitespond is house correspondent. Where do we end up in the en
Simply trying to understand this onslaught of numbers, it can make your head swim. And you know im into this stuff. Even when a day like this one, dow slipped 67 points, s p dropped. 11, nasdaq advanced. 366 and some disturbing margin trends, but things could change in a moments notice for google. Thats just what happens the distortions caused by all these earnings coming at once are immense. So if youre listening to me, cfos and ceos, please, you need to rethink when you report, you can do it earlier, later, anything but this week youre not going to get the right prices for your stock. With that in mind, lets get right to the rest of the weeks business if theres a theme of weakness in 2017, its the autos. The consensus is the slowdown in car sales could signal that u. S. Industrial output might have piq peaked these are musts. Okay gigantic industrials report tomorrow morning, cat pill hear, 3m, United Technologies and the chatter is all there 3 will report better than expected number
Najarian and steve weiss and bob lebenthal. And so what are you seeing here with the end of sports a authority, and what about this pain . Well, the Sports Authority is the gift that keeps on giving, and i saw the big bankruptcy sign, and judge, did you see the same thing . 10 off . Who does a liquidation at 10 off . Nobody. You know what i did when i saw that . I marched out. Exactly. They better have a lot of money, because nobody is buying money at a place that has a 10 off going out of business sale. Just getting started. But is it going to hurt under armour, and all of these are a death by a thousand cuts, and yes, it is going to affect under armour, and nike, and also, to a smaller extent, but those aret not the big things, and the fact that the olympics are not something that is going to be nearly the driver that they have been in the past, and that is my feeling, because of zika and a whole bunch of other distractions, i think that people wont be as geared up for it. So i think
In total swing. Brexit . What brexit . Check on the other indices, the s p 500 at this hour also in positive territory, the nasdaq as well. Well see those in a second. See the dow is higher by 29 points, 17,959. Once again were talking about 18,000. The s p above 2100, again, a gain of four points. Lets move onto whats going on with yeelgds which have just been breathtaking in their declines. And the 10year yield still below 1. 5 at this hour. 1. 45 . The twoyear yield at 0. 597 and gold higher by another 18 today, 1338. Show you the dollar versus the pound, which we have been so fixated on. Remember if brexit was going to happen supposedly we were told the pound would fall to 1. 30. Actually, never got there. There you see the pound right now is at 1. 32, almost 1. 33. The euro will cost you 1. 11. Brian. Lets now get to somebody whos been right in the thick of the wild ride that tyler laid out. Bob pisani, all right, bob, give us an update on todays trade but also talk about how wild