The s p 500 is the worst we have seen since march. A lot of it does have to do with what is happening in health care. Disappointing earnings as well, this morning. Weve got this agreement between amazon, jpmorgan and Berkshire Hathaway to provide Health Insurance for those companys employees those companies employees. It is unclear what the details of this Health Care Plan will look like, what it is putting serious fear into the Health Insurance industry, especially because amazon is involved. As we have seen over the past year or so, every time there is a whisper of amazon getting into a new business, whether it you are talking about groceries or some other business, we have seen stocks in that industry amazon is seen as such a dire competitive threat. Cbs, we also have the various Pharmacy Companies that are falling in todays session. Cbs, walgreens and rite aid are following are falling. Take a look at the bloomberg, because we have seen health care as one of the leading groups in t
Rising. But general feeling is one of where we are down for the third day in four days after dropping for the first week. Equities are declining and stocks falling, currencies falling against the dollar include the pound, the euro, the danish krone, the swiss franc. Rising, andare getting back to the bond market, betting on spanish bond outperformance versus italys performance is a question many are asking. The upgrade from fish, traders have been lessened theres a listen through the ecig about italian less enthusiastic about italian trading. Chart, see this from the from a low 24 basis points a month ago. Our police strategists recommend barclays strategists recommended closing the trade against spanish bonds. Spainis underperforming and the bulk of a divergence is done. Time will tell. A big week for eurozone data, wonderful chart highlighting Economic Confidence. The blue lines employment growth in the white line is gdp growth rate the green bars, a lot of data should show Economic
This after the retailer agrees on a similar deal with visa. Yum brand appoints a new leader for its China Business in an effort to turn around four straight quarters in its biggest revenue market. Coming up on the show, guess which stock is up 1,500 on its ipo price. Heres the clue, it went public 11 years ago. Did hackers make good on their promise to expose members of the Ashley Madison website. A fire rips through shooting flames as much as 100 foot in the air. And youre watching the second hour of worldwide exchange. Lets get a check on u. S. Futures. Stocks have been up down and all around but keep in mind s p 500 still within 1. 8 of the all time intraday high. This ahead of the meeting minutes. Investors looking for clues tooz whether that september rate hike will happen. That is also encouraging for the hawks out there. Dow right now though indicating a lower open by 62 points. Nasdaq down around 14 points. A similar set up to yesterday when it was the negative sentiment to asi
Noting atf it finishes down, if the Dow Jones Industrial average finishes to the downside today it will be the first down day in 10 days. Take a look at the nasdaq 100, underperforming, all of the lows. It had been closer to 1 . On paper, worst day since august thatcredit lets see if choice of. Lets see if we will have a pullback or if this will deepen. And the nasdaq tech heavy, nasdaq and nasdaq 100 british there was a report 100. There was a report that aid could be used in tesla cars. How over however, i was told the report was speculative, there were errors in the report and in fact they do not even make chips. Those were high earlier, now reversing. It has been a drag though. Down 2. 7 , this after them science put out bearish comments. Apple, down 1. 2 after the securities put out a report yesterday that the iphone 8 the orders are significantly weaker orderse iphone 6 and 7 in the first three days of preorders. Weakness for the nasdaq for sure. We have strengthened the energy c
To talk about demand as you said in your report, demand, the pace has weakened in july and august. In september we saw the impact of the hurricanes. Was it off a oneoff effect . Is this something to worry about longer term . I think the focus should shift to the fact that in the Second Quarter of this year we had exceptionally Strong Demand growth year on year. That was partly due to the fact that the year before demand was relatively weak. What we need to say is over the year as a whole in 2017, despite the quarterly variations you mentioned, demand growth is robust it will be 1. 6 Million Barrels a day in 2017 versus 2016, which is strong. In the report weve reconfirmed our forecast for 2018 where we see demand going up again by 1. 4 Million Barrels a day. In 17 and 18 we have good demand growth, spread fairly evenly around the world. Just two days ago we heard saudi arabia was cutting its exports. Thats in part because of some refinery maintenance happening in china ahead of the Peo