It was followed by 1. 4 . In august, economist were looking at that to come in at. 5 . Another sign economy may be slowing. Lets check on the s p 500. It has been off one half of a percent. That number should be. 3 right now. The data is moving as it should be on this board. At 172,d on the 10 year receiving a selloff globally with japan. Td ameritrade is Office Market cap. Charles schwab has eliminated fees in a surprise announcement on stocks online. Etf Trading Online, options cost if he Trading Online has competitors down big. E trade is down 20 . Credit suisse says the competitors are hugely exposed to fees and schwab is a racing fees. Erasing fees and apple is up 1. 7 today. It had been lower in the premarket. Apple is not getting a buy when it comes to terrys. Comes to tariffs. Guy this is what has been happening with japanese pricing over the last month. Higher in yield overnight. There was a bad option in japan of the 10 year yield. Howpension is reclassifying aspects can be a
Nbc news reported late this afternoon that purduea pha is offering between 10 and 12 billion to settle mor than 2,000 lawsuits connected to its role in the crisis. Purdue pharma, you may know, is the maker of oxycontin, the powerful pain killer that has been at the center of the opioid epidemic. The reportede offer to set come one day after a landmark ruling against j j which, as we reported last night, was ordered to pay half a big tettle lies dolla half a bil dollars to the sf oklahoma for helping to ignite one of the biggest epidemics in his. Ylan moiy has the details from reporter Purdue Pharma and the family are negotiating to settle the lawsuit between them. About 2,000 cases were consolidated cn federrt in ohio, accusing the company of starting and susining the ioid crisis. Nbc reports purdue has proposed fili bankruptcy and restructuring into a forprofit trust. That trust would p out between 8 and 8 billion, including about 4 billion of inkind drugs to localgovernment, includin
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
The future of the italian leader emerges with a sticky point. And another election. Manus warm welcome to daybreak europe. The fx markets do not believe rhetoric. D in a lovely tweet from the chief Market Strategist increasingly, the markets are recognizing the alleged call from china. Is the u. S. Blinking because of the friday slide in markets . Do you believe the chinese really picked up the phone and said we want to get around the table . Nejra they say they did not and all we got was a slight shift in tone from President Trump. It does not mean his underlying strategy has changed at all. More there is a little risk on in the markets. If there is a shift in tone, maybe it will be followed by action. Certainly not thought of by the big companies. Tone. Is a shift in china badly wants a deal. There is certainly a shift along the as if you 500. By the diff by the way, the difference between u. S. Stocks in u. S. Futures dollaryen does not believe the mood music has shifted at all. The
Some of the optimism when it trade, s pe tone on futures back down after the cash trade yesterday. Markets are optimistic about the situation in italy, you can see bid, nowian btps are down to 1. 21, less than 200 basis points above boones. The dollarer against as the greenback falls. Italy thatews out of the Fivestar Party has halted Coalition Talks unless the democrats agreed to keep Giuseppe Conte on as Prime Minister. They previously pushed back against that, especially the leader of the Democratic Party, for hisis supporters Parliamentary Group had any say, they will have to concede, because they will want to say. We will continue to cover the story in italy. Coming up, we will speak to nigel wilson, the ceo. You can catch that interview at 11 30 a. M. London time. Lets get to the bloomberg first word news with Viviana Hurtado standing by in new york. Talking, but only if the u. S. Lift sanctions first. Thats according to hassan rouhani, following President Trump signaling he woul