Andrew ross sorkin with joe kernen becky is off again today a little in the red. The treasury yields and earnings that may have an impact on all of this. The 10year note, we are now below. 6 we are down to. 592 we can debate what that means for today. Discussing Market Recovery and earnings Kansas City Southern and United Airlines ceo and health and Human Services secretary you want to stay tuned to squauchl the nasdaq down pretty significantly. It was up two or three hundred. It was up and did you know and up and down. It was really crazy. You heard cramer talking about that it was truly crazy. Insanity. The didnt hold on to the big gains. I think it was down almost 300 when cooperating on that at the end of the day, well see. I heard it said, well, you gave him an out he could have been resting on his laurels by now saying i would at least nuance it so i could claim to have been right if we had extended here. Doesnt it feel extended here. If i were paulson. Fur trying to be right all
Winter white house, maralago. Documents were due to be released today in 1992, but 114 of nearly 500 files from the Prime Ministers Office that year are being held back. 12 of those relate to european policies. Global news 24 hours a day. This is bloomberg. Bloomberg World Headquarters in new york, i am julie hyman. Joe and i am joe weisenthal. Scarlet fu and julia chatterley are off today. But the question is whatd you miss . Trump suggestst that the post office should charge more to deliver amazon packages. And we have the chart that you cannot miss about next years big moves in the market. California has legalized marijuana january 1, but citizens in two of the biggest cities may have a bummer. When the senate gets back to work january 3, Democrat Doug Jones of alabama will be sworn in. Things will shift into full gear when the house returns on january 8. Both chambers will have to tackle another Government Shutdown deadline and President Trump will give the state of the Union Addre
Off the year. Continuing the trends we saw last year. Technology is leading. Andwith a strong 2017 eight emergence for the second straight day and a repeat of the action late last year with the tech outperformance of the dow. Other groups like Energy Outperform today. We have broken through a 100 and clement for the s p 500 increment for the s p 500, the fifth time we have gone through that level in the past year. 2400, 2500, 2600, hitting that in regular intervals as we see stocks hit record highs on a regular basis. Technology is doing well and not just the fang stocks but the established Legacy Tech Companies doing well. Outperformsed to according to analysts, secular members that should enable Share Performance throughout this year while oracle getting an upgrade over morgan stanley, the endless their said the low stock valuation represents a tactical opportunity for oldfashioned Earnings Growth to drive the shares higher. Rallying. Micron another story we watched about the implica
Le pen and macron go on the offensive ahead of the election. What is at stake. Manus a meeting of minds that milken, from u. S. Treasury secretary Steve Mnuchin to citadel ceo ken griffin. We will bring you a bevy of top interviews from the conference in l. A. Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show from london. Manus a very good morning to you. A raft of things to consider. One thing that the bond markets are doing just before Steve Mnuchin gets ready for a bond bank. They piled in, they added the most long positions, despite they have added the most long positions on a week on basis. This is the First Time Since july hedge funds have been alleged across the curve. The question you have to ask theres always a good reason. Economic surprises were lower, so they had all the reasons to maybe want to get along, and then bang, the new. Lets bring up the risk radar, where we are on tenyear treasury yields. That was the longerterm picture in the shot.
We did get a rocky start this the dowbut we did see at session highs. With look at what is happening with the numbers the s p 500 up by about. 8 . The last the nasdaq the least hashe gainers, echoing what been happening in tech stocks for most of the year. Materials, industrials and energy are the biggest gainers on the s p. Speaking of industrials, they are some of the top dow performers. Namely these 3 general up aric, bowling and nike little bit more than 2 . This is its highest since new years eve and the biggest jump since the end of january. Very strong and brought across the board there. Going back to what i was talking date, thedow year to volatile ride we have been seeing ever since we saw the route in equity from january through february and then we had this Inflection Point and you can see year to date, we are up about. 4 and continuing to climb. Points, we are about 1. 5 away from turning into the green but the nasdaq is down. David the rally in commodities has been driving