Good morning warm welcome to Worldwide Exchange. Im wilfred frost. Im Contessa Brewer in for sara eisen welcome back from texas thank you had a great team with me a lot of stories to cover. Hope you had a relaxing weekend off of what was a busy week lets look in on the Global Market picture comes off a pretty decent end to august when you consider the amount of negative news markets werent under pressure as much as perhaps the headlines for the month may have suggested a slightly positive day towards the end of last week markets in the u. S. Were closed yesterday for labor day. Theyre starting just in negative territory we were not negative around the world today, but we were negative a bit yesterday the dow down 42 points or so in the premarket. Tenyear treasury note for you which has been stuck below the 2. 2 level, had a belief flirtation below 2. 1 , but at the moment back in the middle ground between the two handles, 2. 15 . Lets look at asian equities now. Acraoss the board a mix
Historically unkind to investors. Joe, as you know, a lot of people are off sides heading into today. Look at that smile hon my face look at that mile. Fits right into our narrative though this is not what a lot of investors expected. These three gentlemen are trying to make me feel better about my losses. Im telling you how it is. Oh, believe me. When i open up my account tomorrow, im going to see how much less it really is, yeah i mean, listen, trying to be active in the market, hedge out some of the risk obviously i took a very bad position in qqq puts thats an awful position to have this morning you take your loss, you move on, you add mitt your loss not the first time, not the last horrible position, but i do think thematically as i shared with you before, i think the events of both the Hurricane Harvey tragedy and now what were seeing with the florida. Irma. Yeah, irma, what were witnessing there is how does the Federal Reserve have any accuracy in the Economic Data where they wi
Closing basis and the dow in their own intraday level. We continue with this rally was relatively modest as investors are waiting details on what the fed is going to do with its Balance Sheet unwind. Not expected to be announced when the fed concludes meeting tomorrow. Individual stocks we are watching, sprint and tmobile according to bloomberg reporting have been in talks since august on their combination, theres been talks about them being in talks for longer than that. They could be weeks away from coming to an agreement on some kind of all stocks deal in which Georgia Telecom would be the owner of the combined company. At t and verizon are also getting a lift as we watch that move. On the downside today, in terms of what we are watching, we have some big down movers envision health care is one of them, the Company Announced as chief Financial Officer was up and down and announced a buyback. On its give details forecast, and that could be responsible for some of the decline we are s
Corker said the president could set the nation on the path to world war iii. The nfl president Roger Goodell has issued a statement suggesting out players should conduct themselves during the national anthem. He said he believes everyone should stand. He also said the controversy has been a barrier against making Real Progress on the issue. For the crisis will be reviewed at the owners meeting in new york next week. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterley. Scarlet on scarlet fu. Joe im joe wiesenthal. Julia u. S. Stocks are climbing to record highs. Joe the question is, whatd you miss . Catalonia, takes a step back from going on its own. Here at home, President Trump is plan,ing to tweak his tax as a public feud with senator bob corker raises prospect back raises questions about the prospects for that legisla
Lauren breaking news this morning. Are you ready for the drama of the voter rumble with the senate will vote on a budget bill that could clear the way. Cheryl fed chair janet yellen heads to the white house interview for the job shear the house. Will the president reappoint her next year . Lauren and then theres this. Its very strange antibullying ad for burger king. Fbn am starts right now. Train to and it is 5 01 a. M. In new york. Thursday, october 19th. Good morning and cheryl casone. Lauren good morning im lauren simonetti. Cheryl great day. Much in the markets this morning. We are also watching some breaking news. A photo from its beginning today. The senate will vote on a number of amendments before final votes on a budget measure that republicans must pass the fiscal 2018 budget to advance tax reform. President trump pushing for his plane in a meeting with members of the Senate Finance committee yesterday. Will cut the business tax rate from the highest in the developed world o