Lineup today. T first, live pictures from moscow as president putin makes his annual president ial address. We will discuss whether russia, brexit, and a u. S. President could make 2017 the year of total reset for Foreign Policy. We have a little bit of manufacturing pmi. The italian data is significant because this gives us a glimpse in the state of the Italian Economy just three days before they vote. These are the figures crossing our bloomberg terminal. We are seeing the Unemployment Rate staying put for october at 11. 6 . Line withty much in what were seeing in spain. Three days until renzis make or break referendum. Votell discuss what a no could mean. Lets get to the bloomberg first word news. Heres Sebastian Salek. Sebastian glencore will reinstate its dividend policy next year and plans to pay out the minimum annually. The worlds biggest commodities trader has seen its shares trickle this year. The chairman of bloomberg lp and the parent of Bloomberg News is a senior independe
[inaudible conversations] ladies and gentleman will go into politics prose i worked here in the store before restarted please silencer phone to have my eternal gratitude just to let you know, we are recorded to make sure your questions are recorded as well for posterity please use the microphone for the question and answer session once the event is overdue was a favor to fold your chairs and youll have my eternal gratitude. Klay favorite description how is the best math teacher you never had her then the former correspondent for the economist had was widely praised for stripping away the economic commentators of those concepts made to be far more secure than they should be in it takes somebody very smart starting with the absurdity of the whole premise when am looking at the reasons why money is good it has looking at economic patterns falling into place at the time when the mechanisms realized on scrutiny the best thing we can do is understand the system to paint the picture when reme
Lastminute push in the Granite State . On the markets desk, julie hyman has the latest long session lows. Investorsloff today, seem to be feeling uneasy about here. Accelerating, as david says, the lows of the session, the s p in the dow are down considerably as well. Close toq looks pretty entering a bear market. Take a look at the bloomberg on an intraday basis, going back about one year. This is last july. The high of july 20, the high on that day. Tract to the lower today you have a decline of 19 . On a closing basis it doesnt look like it will enter a bear market today, but it could certainly happen soon because technology has really been leading the decline, not just today but this year. Look at the heavyweights, many of whom did well last year and are now pulling back this year. Facebook, microsoft, amazon, all sharply lower. We have seen this theme again and again. Banks, similar situations. The financial index is the worstperforming group of the 10 groups within the s p. Once
The selling is fairly steep. A selloff that is not only steep but broad. , everythingthe imap is in the red. Energy is declining the most, not surprising with whats happening in oil prices. Financials, discretionary also participating. I want to point out one stock, chesapeake energy. Reports that the company will be one tranche of its debt. There has been a lot of concern over the oil and gas producer. The stock has been halted several times this morning. I believe it is currently halted once again. This is what happens when you see big movement in a stock. It looks like that is happening with chesapeake as it declines. Lets get to oil prices as well. 30. 08 a barrel, as there is still the same concern as in the markets as far as the demand equation. Interest inat open crude futures, on the long and looking atso we are short contracts in yellow come along contracts in white. Added together, you have the largest amount of open interest on these futures going back to 2006, when they sta
Convicted over thousands of deaths in war. We look at how war criminals are put on trial and sentenced. The future of bitcoin. Some swear by it and Corporate America is watching very closely. We begin tonight with what could be a triple trouncing of Hillary Clinton. Bernie sanders has already clobbered the former secretary of state in two on out of three caulkes. Those taking place in washington, alas ka and. Hawaii. He was won all except hawaii which remains undetermined. What is the voter turn out like today . Reporter it has been very high. They dont call this the left coast for nothing. Bernie sanders has garnered huge crowds. They turned out and made the case for him last night he has won 0 out of 13 kem accuratic caucuses. Why does he appear an advantage democratic caucuses. Why does he appear to have an advantage . Reporter i posed that to strategist. They have papgs and they have to show several hours, not easy to flipping a lever and also because they have to advocate outloud