Set for the s p 500. Joe there you go. Caroline abigail, what are you watching . Abigail you know, caroline, across asset classes, the technicals for the s p 500 are fairly constructive. It is worth noting we also have a rally for haven bonds. Take a look at this, the 10year yield shedding 11 basis points on the week. This is the biggest rally for bonds going back to the first year of october. Haven bond rally in, and that has influenced dissector blog competition, putting aside the big rally we saw today for health care, the best sectors, on the week, real estate and utilities, those are of course rate sensitive. Dividends look more attractive. On the flipside side of this, take a look at two of the worst sectors or one of the worst sectors of the week, the financials, and the Kbw Bank Index underperforming, taylor. It will be interesting if that continues this week. And seems as though the defensive sectors are actually doing quite well. Taylor well, abigail, we talked about how the
Ricardo rakes it in. Helping the luxury group burbery grow and missing estimates in october as cnbc learns trade talks with the u. S. Has hit a snag and learning that canceling tariffs is an important preseason. Good morning and welcome to the show daimler has warned earnings in 2020 and 2021 will be negatively impacted by cost cutting plans a new strategy to stream line business and improve efficiency. It needs to, quote, significantly increase its financial strength at Mercedes Benz it plans to cut workers. Daimler is down 3. 3 volkswagen down, bmw down 0. 1 in france, renault down almost twothirds a percent and ferrari also performing negatively why do you think daimler is doing this looking around, all of the shares, they are all facing a lot of challenges. I dont think it is anything specific to daimler. I think they are all facing global trade uncertainty and steel factories where they might be underusing their capacity they have put a lot of money into r d for future technologie
Eurodollar at 1. 109. If you look at government bonds across the world, they are actually advancing. This is on the back of german and chinese data. The focus is now on trade. But there is one stock we needed to look at a little bit more. 6. 1 afterining interim results. They have a new partnership with tencent. Well have more on the sector with burberry gating 6. 1 . Gaining 6. 1 . Up next, we talked to the silver lake cofounder about investing in tech. But for now, lets get straight to first word news in new york city. Boris johnson is back in Campaign Mode after a difficult visit to floodhit areas of Northern England where his response was criticized by local residents. In a speech at a factory which makes london taxis, the Prime Minister said getting brexit done would trigger a wave of investment. Jeremy corbyn, meanwhile, said he would not allow a referendum on Scottish Independence in his first term. Bloombergs latest poll average puts johnsons conservatives 11 11 points ahead of
Because stocks may be barely moving but as joe was saying, bonds are moving in a big way. 10 year yield and treasury note back to october. While stocks are drifting on these record highs, we have a big rally for bonds. , a big bond bull says if it goes beyond this trendline in yellow, you would continue to see bonds selloff. Bondecent pullback for yields, it is right on that line. Stillnow, this chart may point to a move higher for yields. Mike who says there is no yield left to be found anywhere . Check out this Exchange Traded fund, an etf that tracks limited partnerships in the energy spaces. It has really gotten hammered since its high. Caused the yield to jump above 10 for the First Time Since 2019. Reducedan etf that has payouts pretty significantly, almost 9 over the past three years. Still, that double digit yield proves to be a good entry point. Hit int time it was 2018. The caveat in 2017, when oil prices dipped. The yield was above 20 . Taylor, obviously, whether this 10 yie
Unable to support it because it wasnt beneficial to the economic well being of Northern Ireland and may undermine the integrity of the union. There had been positive noises from conservative hard brexiteers who voted against theresa mays deal, although they said they wa nted mays deal, although they said they wanted to see the final text first and there is a risk the dup position might put some of. It is hugely concerning, if one part, the dup, are unwilling to support the aspects of the deal that borisjohnson is negotiating with the eu that affects Northern Ireland, there is a question as to whether that complies to the good friday agreement when it comes to consent. What is coming out of brussels is that he has actually managed to negotiate something that is even worse for our negotiate something that is even worse for oui economy negotiate something that is even worse for our economy than what theresa may had put forward. We are talking about an act of economic vandalism which would