Rally. The bond market yesterday saying a bit of buying come back, but not much for printing. 71 basis on the 10 year right now. Action pivots over what is happening in the United States. We get to the Michigan Consumer center. A little stronger than economists seemed to have protected. 74. 1, up from 72. 8 last time around. 72. 8 was what the economists were predicting as well. Current conditions, 82. 9. That is slightly ahead of expectation which are at 60. 5. The expectations number is actually where we are seeing the strain. Lets turn to our big story of the day, we have seen that apart from the japanese Prime Minister shinzo abe, the countrys longest serving premier will be undergoing treatment for chronic illness. He spoke earlier today. Respond to ready to the mandate by the public. I made a judgment i should not continue my job as Prime Minister. To step down as Prime Minister. Indicated that he will stay on until Leaders Within his party choose the successor. That could happen
About. Serve eagerly anticipating why . When the vast majority of investors agree something is going to happen that, is priced into the stock market. The real economy moves at its own pace, you got to broer money to build out equipment and use that equipment to manufacture goods and wait for the cost to buy them the stock market has no such limitations. Stocks dont travel the speed of light. Well, how about the speed of thought . They come close. So they decide the economy is slowing or speeding up or flat lining stocks start trading like thats the case. Instantaneously. Usually takes some time to build that consensus which is why you rarely see the moves happening all at once. But once the big institutional Portfolio Managers are on the same page about something, you can be confident that its baked into the averages. I say that week. It will happen that week economists take an ivory you to area proech to the discipline. They have models for how the world is supposed to work. Also they
Come roaring back end is holding, 12. 26 and routed dropping down, but still well over 80 a barrel. The markets seem to be holding the same strength that they were when i left over a week ago. In terms of individual movers, a lot to the downside. Tyson foods closing down some chicken factories, which is a concerning statement. But that is what they are called, up five and half percent because demand and prices are down for chickens. And 99yearold trucking business files for bankruptcy, shares down 17 area Icahn Enterprises continues the drops we saw last week after they cut the dividend, i guess it was unsustainable. Tesla down about 3 as the cfo steps down, cathie wood said she thought he was great and wishes him the best in the future, but thinks his successor is going to be doing just fine as he has been there for the last five years, since 2018. Talking about tesla, i want to get over to the west coast. Ed ludlow joins us, he covers the company closely. You heard what kathy told us
Authenticity. It is back on display at the september 11 memorial museum. Global news 24 hours a day powered by our 2600 journalists in more than 120 countries. I am mark crumpton. This is bloomberg. Bloomberg west is next. Emily i am emily chang. This is bloomberg west. Wall street has apple shares sliding. What do investors want . Could google and apple give traditional carmakers a run for their money . We will check out a new report. On card technology. The playstation 4 lands in november. We will hear from the sony chairman on what to expect from the latest hardware. Investors and analysts taking stock of the iphone seven a day after announcing the coming upgrades. Appleshare sliding in thursday trait, down 2 in the close. Is not available. Situations, in a Statement Today apple announced it is changing that practice saying we are now at a point where we know before taking the first customer order that we will sellout of iphone sevens. These initial sales are governed by supply and
Political leaders plan to end a standoff involving planned parenthood that is holding up a funding bill for the zika virus. It would be involved in a stopgap spending measure avoiding a government shutdown. The flag that was raised at ground zero went missing but has resurfaced. Forensic analysis confirmed its authenticity. It is back on display at the september 11 memorial museum. Global news 24 hours a day powered by our 2600 journalists in more than 120 countries. I am mark crumpton. This is bloomberg. Bloomberg west is next. Emily i am emily chang. This is bloomberg west. Wall street has apple shares sliding. What do investors want . Could google and apple give traditional carmakers a run for their money . We will check out a new report. On car technology. The playstation 4 lands in november. We will hear from the sony chairman on what to expect from the latest hardware. Investors and analysts taking stock of the iphone seven a day after announcing the coming upgrades. Appleshare s