Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit below it, we will have wiped out in one month all of the
That. Surprised at david who do you it was directed to . [laughter] alix probably President Trump. David you think . Alix but it isnt the first time we have seen resident we have seen president s talk to fed chairs. It is the first time i think i have seen a president say we will fire you publicly. Alix in the markets, if you are an equity trader, you are probably breathing a big sigh of relief. The question is, is this a bit of a relief rally or did we finally find some sort of a bottom . S p futures up 8 10 of 1 after the worst two days of this year. Eurodollar flat. A record, still seeing low in the bond market, so it feels like the same story, maybe just a pause. David now it is time for bloomberg first take. We are joined by Stephanie Flanders and marty schenker. Lets start with this announcement. The Treasury Department found china to be a currency manipulator. Result, secretary mnuchin will engage with the imf to eliminate the unfair competitive advantage created by chinas lates
Gold all muted but anything goes as abuse headlines crossbreed david there are so many. The morning brief. But anything goes across of the headlines. David bank there are so many. At 2 00, the Federal Reserve will release its beige book looking at the u. S. Economy. An update of headlines outside of the Business World with taylor riggs. Taylor starting with a hurricane, the most powerful to form in the Atlantic Ocean is preparing to hit florida. Passedricane of irma over the caribbean street it could hit south florida this weekend. A worstcase scenario have it destroyed so much property that damages would surpass Hurricane Katrina a that was the most expensive Natural Disaster in u. S. History. The south korean president is seeking Vladimir Putins help for north korea and they met and not stop,rth korea is the situation could turn uncontrollable. Putin said there is no need to back a north korea in a corner. President trump has left a door open for little bit to end daca. Last night co
90,000. Of course these states are reopening to a changed america with changed assumptions about our way of life. And that truth is at the heart of the wrath were seeing for many conservatives protesting shutdown orders nationwide, but most evok tifl in michigan where this week the peoples business had to be shut down due to the threatening behavior of these protesters who have chosen as simples of resistance assault weapons and its not the economic destitution that has left more than 36 million americans out of work in just two months. Thats likely because the groups getting hit hardest a black and brown americans, facing either joblessness or lifelessness if they do their jobin addition to the business as usual discrimination and disproportionate policing and, as i and others predicted, President Trump with his play book for the november election now shredded by the economic carnage has reverted to attacks against president obama and pieinthesky promises of vaccine for just in time o