The major averages might be down with an 1 of the stocks of down more than 3 . A combination of the earnings and fed. We said yesterday it seems that the stock is ahead of itself. The apple quarter was good but not amazing. Take a look at the fed area the stoxx will only clip. These are the more momentum they reacted to the comments from jay powell to a greater degree than the major averages at the lows down more than 4 . The worst day in more than two toths areas the stocks tend lead. Going back to march of last year before the volatility. The last alltime high prior to this year. The stocks and the s p are highly correlated but the s p went on to make alltime highs at the stock went lower. Due to be something volatility ahead for the s p 500. Resultst to look at the of the mixed messages from jay powell. They initially crept up then went up quite considerably when jay powell talked about how this was a midcycle rate cut. And it came back down when he said that doesnt just mean one. W
The report exonerated President Trump and he has said time or Counsel Robert Mueller said no. Things for democrats and republicans to light for a number of reasons, but in terms of moving the needle on impeachment, questionable if the first hearing would do anything to do as much. David we have a second hearing shortly after theyre done with this one. If they are not moving the needle, might this be good news for Speaker Pelosi . She has made no secret of the fact that she would not fight the 2020 election on impeachment. Kevin from her perspective, yes. Respective,akers impeachment would impose a significant political risk. In terms of also the Agenda Setting for the democratic party. From the progressive bases perspective, they feel that this is something it is time to come to fruition. They feel the base once this and they feel their voters and constituents, particularly in altra progressive district, have been calling on this for several years in ultra progressive districts, have b
Hong kong activists call on the g20 to back there protests their protests against the extradition bill. They want World Leaders to use their influence on beijing. Shery and getting around the huawei blacklisting. U. S. Chipmakers have figured out a way to do it. 14 . N of as much as lets look at the broader markets because we have seen the strength in tech shares. We have seen the nasdaq gained. 3 . We saw equity markets higher in the beginning of the session, but in the afternoon, they started losing momentum. Of course, there is concern over trade tensions ahead of the g20 summit. We saw the s p 500 fall or a fourth consecutive session. We also had some swinging between gains and losses throughout the session. Chipmakers, though, managed to finish up. Chipmakers really had a strong session with the Philadelphia Semiconductor index gaining more than 3 and closing of the highest level in about a month and the nasdaq gained ground despite the fact that President Trump came out saying th
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to
Take the top spot. Member nations have not franzmed dutch politician timmermans, who was expected to be the European Union next chief executive. Leaders will resume negotiations on tuesday. In the u k, jeremy hunt will try to burnish his brexit credentials today. The foreign secretary will set up his strategy for a no deal exit from the eu. His plan would cut Corporation Taxes and ease the burden for british retailers. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In his 1 00 in new york, 6 00 in london, 1 00 in hong kong. Im shery ahn in for vonnie quinn. Welcome to bloomberg markets. Shery from bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world. Protesters and police by lome in hong kong, a dramatic escalation of opposition efforts to force the government to withdraw controversial exhibition legislation. We wi