Someone else to do. The president is in belgium. , thee philippines president of the philippines is striking back. All of the island under martial law. It is likely to include the setting up of check noise, curfews and the ability for the government to jail suspects without having to take them before a judge. Global news 24 hours a day powered by more than 2600 journalists and in more than 120 countries. This is bloomberg. Live from bloombergs World Headquarters in new york. Where 30 minutes from the close of trading in the u. S. Whatd you miss . Minutes from the last Federal Reserve meeting show officials judging rate hike will be soon. Were still winning the budget announcement of the republican rittenhouse bill and what impact it might have on Health Care Coverage and consumer cost. Chinas we will hear where he sees opportunity in chinese markets. Lets look at where the major averages stand as we head towards the close. Abigail doolittle is standing by. Abigail we are looking at met
Good morning welcome to squawk alley. With me here at post nine sara eisen, mike santelli, Carl Quintanilla has the day off. We start with amazon prime day. The annual holiday made by amazon set to kick off tonight at 9 00 p. M. Eastern with deals aimed at rewarding prime members and, of course, recruiting new members to the premium option. Just how important is prime to amazon always tricky to get the numbers. Deadria is at amazon hq with some details good morning, deadria. Good morning. Thats right were in the heart of amazons rapidly expanding campus where employees are getting to work gearing up for the big ta. As you know amazon does not disclose the number of prime subscribers but estimates put it between 65 million and 85 million subscribers in the u. S put that in perspective that would be nearly 70 of all u. S. Households and puts it on pace to become more popular than cable tv that has been very Good Business for amazon a recent study found that prime customers spend nearly d
Need to have the bond market going with with you. Right now Interest Rates are headed down. You need to see Interest Rates shoot up into this quarter. You also need to see more fed governors saying, listen, we need to do four because thats how jpmorgan gets the additional 3 billion. I like the call. I dont know if i like the call this week because these stocks have gone parabolic. When you see stocks parabolic. Which one has to go . Wells fargo hasnt done anything. Jpmorgan, very high. Thats the biggest issue. Jimmy raises it right there. Should you stay or should you go . The stocks have had tremendous run since the election. Bank of america is 32. Jpmorgan is 23. Citi, 21. More january stanle more. Who would have thought that can happen . I know. But i think you have to i think you stay. I dont think you add. I agree with jim, i think there will be a tactical opportunity to gel out of these names a lot cheaper. Why not take profit in this space . You cant be that kind of trader. In t
Stocks in the red, the dow about 160 points as you see there from that 20,000 mark. Elusive, it has been. Banks hit hard. On pace now for the worst day since last summer, july. Energy rallying. Oil up 1. 5 . Nat gas on fire, up 5. 5 on a day where its 60 degrees, michelle, here in new york. Its beautiful, isnt it, tyl tyler . It sure is. You could be a naked chalupa in that weather. Im melissa. Shares off by 10 , and more on that in moments. Amazon promises to create 1,000 new fulltime jobs by this time next year. Shares higher on that news. Disney downgraded to a sell. Firm pointed to eroding subscriber base. The stock off by 1. 5 . Delta in the red despite better than expected quarterly revenues. Shares down twothirds of a percent. Melissa . More on the market slide. Hey, bob. Melissa, yields lower, dollar lower, stocks lower. Thats the story. Off the lows, but its been a rough morning. Take a look, for example, for Interest Rates, stocks there, and, of course, with the yields down,
It has nice pretty mountains. Very strange place. Anyway, senator greg is here with us for the rest of the show. Were going to get caught up with him in a moment. Among our top stories this morning, fed chair janet yellen returning to capitol hill this time to return to the House Financial Services committee. She told the senate panel waiting too long to raise Interest Rates would be unwise. We have eight meetings a year and it means that at some meetings we would, if things remain on course, increase our target for the federal funds rate and not act at others. And precisely when we would take an action, whether its march or may or june right. I know people are focused on that. I cant tell you exactly. They are. They are. Just so you know, they are. I cant tell you which meeting it would be. I would say every meeting was live. That was their goal to make sure they know every meeting is live. Every meeting could potentially lead to a rate hike. Lets check out the market reaction. The s