Your stat of the day only one stock in the nasdaq 100, pfizer fell today, 99 out of a hundred in the nasdaq 100 are on the rise. Big banks, a big story for earnings and the results, the stocks not doing so much and former fdic chair sheila bair is here with a new white house op ed and the new Coronavirus Briefing, we will be monitoring that in the last couple of days there has been more news and this one a little different. Look at the location it is not in that press room this is in the rose garden which, we dont know what theyre going to say, but historically, when we have this one podium in the rose garden, we tend to get more news so there is a lot going on, but lets get right back to the markets. Tim seymour, i want to begin with you and really today i need a china story. Apple, iphone sales jumping 2. 5 million in march versus 500,000 in february. Better import export data. Did bigcap Technology Today to you sort of signal that china is providing a kind of road map for our reopen
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
Continuing the trend we saw last week that pushed the s p 500 above 2500 for the first time all three major averages are at record once again as we see this upward trend and investors are keeping an eye on at whichs fed meeting they are anticipating some details of the fed Balance Sheet wind down. All three major averages are higher. One trend we have seen change in the last week or so is that stocks have continued to go up we have not seen the same for bonds. We have seen yields go up and prices go lower. All this year we have seen stocks rallying and we have also seen bonds rallying. The u. S. Treasury index has been trending higher as yields have largely been trending lower. In the past week or so we have aen some the virgins as stocks have continued their upward trend but bonds have gone lower and bond yields have gone higher. Pretty significant move higher in yields and some analysts and strategists thing that tells trouble for stocks as we get more details on the Balance Sheet wi
In weighing on the dax and automakers like volkswagen, daimler, and via bmw. Against theeaker yen. Dollaryen down 3 10 of 1 and the vix up by 5 , but really we are looking at potential record closes below 10. That would be a very long winning losing below 10 streak for the vix. Brent monitoring as well happening 1 on the highs of the. Ession the opec secretarygeneral says many things are looking at changes to be ahead of the curve and nigeria has no ambition to exceed to the want 8 Million Barrels of oil a day. Jonathan in the market is it easier to monitor exports than production . Alix it is actually not in that it is difficult to understand which numbers to use from exported. Production at least seems to be a relatively cohesive number. Jonathan 48. 62 this morning. Up by 1. 14 percentage. Alix david westin is monitoring all things in washington, d. C. With a special guest. David we welcome our Bloomberg Radio listeners for an important interview we are going to have with Daniel Tar
Are positive, up. It is a Dollar Strength story in the session. The euro is on cti. The headline number is largely in line. Treasuries are unchanged on a 10 year yield. Crude is softer. We did trade norse of 50 a barrel earlier in the session. Alix it was 52. M a monday, Discovery Communications is buying Scripps Network for 14 billion. It is up 1 . It is 90 a share in cash. This comes on the heels of discovery saying net income was down 8 in the second quarter. Its all about the unification of these companies as they compete for ad dollars. Versus Congress President trump. The president said on twitter dont give up republican senators, the world is watching. Repeal and replace and get to 51 votes. This comes after he threatened to remove government subsidies. Meanwhile, you get a joint statement from the house. They emphasized the importance of tax reform. They said we are united that the most important action we can take to grow our economy and help the middle class is to fix the roa