Fbn a. M. Starts right now. Its something unpredictable but in the end its right. I hope you had the time of your life. Lauren welcome to fbn a. M. Let me correct myself. It is friday, september 13th. A spook hey friday indeed. Im lauren simonetti. Cheryl friday the 13th it is. We have green arrows to show. You good morning, im cheryl casone. Lauren your money is not spooked this morning or this week. The dow is on track for eight consecutive days of gains which would be the longest winning streak since may of last year. Futures up 69, nasdaq futures gaining 15, s p up 5. Cheryl 5 the u. S. Federal reserg the yield on the 10 year. Theres a gain ott 3 basis points, 1. 8 . Lauren concerns over slowing demand are weighing on oil prices this morning. 54. 65 a barrel, down 43cents. Cheryl over in asia, the markets in south korea closed for a holiday this morning. There are numbers to show you, green across the board in asia. Lauren lets take a look at european markets this friday morning. M
Protesters withstood heavy rain in hong kong to march for an 11th straight weekend. Organizers say more than 1. 7 Million People took part across the city. The protests shut down major boulevards. Ekendsaken demonstrations were mostly peaceful. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im ritika gupta. This is bloomberg. David it is 1 00 in london, 1 00 in newon york, 6 00 in london, 1 00 a. M. In hong kong. From bloomberg World Headquarters in new york, here are the top stories from the bloomberg and around the world. All eyes on the bed. Fomc chair jay powell will kickoff the Kansas City Feds annual jackson hole Economic Policy symposium. Wall Street Apartments are not selling like hotcakes. We will tell you what is behind the slowdown. And its been a little more than a year since the sports world changed forever after the Supreme Court clear the way for states to legalize sports betting. W
Of congress for more regulation, especially over concerns of risk of gambling addiction. Should the fedent regulate Online Sports bet something if you say yes regulation is needed if you want to tell us why and to what extent, 2027488000. If you say no, 2027488001. Maybe youre not sure, 2027488002. If you want to give us your thought via text, 2027488003. Facebook is available to facebook. Com cspan and we have a twitter poll as you can participate as well on x. You can at cspanwj. Bets on basketball online saying the total amount of bets on all sports through legal wagering sites in 2023 from the previous year. Thats up from 7. 5 billion. The American Gaming Association estimates that 2. 7 billion will be bet this year on mens and womens sports tournament. Some of those facts from Sports Betting from the United States 38 states, the district of columbia allow some form of Sports Betting. When it comes to the question of regulation there was a recent poll done by s c if more regulation
Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We begin with what might be a sign that the air is coming out of what have been some of the years most popular trades. Lilly and nvidia boasting big drops today. Nvidia has now fallen nearly 12 from the record high hit friday morning. Japans nikkei nosediving, falling to its lowest in over two weeks. Even the red hot industrials trending lower. Meantime, recent laggards catching a bit of a bid today, with alphabet and apple notching gains. So, have markets lost faith in this years high flyers . Is this the start of a rotation which some might call healthy at this point, guy. Could be. And tim has correctly pointed out that as the semis go, the markets going to go. Lets try to drill down there quickly. Nvidia, on friday, massive reversal, we talked about it on the show. Traded two timesish, 2 1 2 times normal volume. Huge rotation lower. 230 billion
Investments in three sectors, semiconductors, quantum computing and Artificial Intelligence the order will prohibit investments in some forms of those technologies and require americans to disclose investments to u. S. Governments in some cases. And you know the one thats not necessarily going to be included which tiktok. Thats your thing. Its not been my thing. Its been the National Security thing. Right. For so long. But no action taken yet bipartisan cause, problem. It should be. Im not sure it should be. Its surprising given all this effort in this regard and why, for example, under the ai rubric, for example, it wouldnt be included. Think of all the data the Chinese Government has access to. And thats what people say. It has all how many lazy girl videos Andrew Ross Sorkin watches per day. I have yet to be convinced by the way the Chinese Government is seeing all this tiktok in terms of the way theyre trying to build this thing in a separate way but thats a separate story. The con