Big move. Key under performer is the small caps. Watching . Hat are you we had a small decline for major averages. For the s p 500, three down days. First time since early october. Lets put in context of the technical part we have been looking at for months. All, with the rsi going appropriately from overbought to oversold, then the range everyone was talking about when the range was breaking out, we have this multiweek melt up, but today, we have these three small down days. We may see the s p 500 move down toward its but 50 day moving average. Supporting a pause or consolidation. But there is an area here where it lifts up and down. We may be starting a new higher range. Speaking of higher range, a big day in oil markets. The most active west Texas Intermediate Oil contract, rising 2. 5 . Lateis the highest since september. Futures up 1 or more across the entire oil curve. The brightucers are spot today. Exxon mobil up 2. 5 . Xle, sp, you have , they arerry and mlp among the biggest
Maker warns of the fraught macroenvironment shares of Deutsche Post jump fuelled by continued growth in e commerce and rise in german p t postage prices and dialing up. A 1. 4 billion Share Buy Back shus shushs pushes to the top our top story today is all about autos. President trump is expected to delay plans on tariffs for another six months according to multiple media reports. The Trump Administration has until wednesday. The white house declined to comment to cnbc but renault has driven the sector lower. Shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. This after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. Meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertain
This you know i mean in your minutes im going yes. What im going to see what im on what im organizing im not going to sit there im. Going to see it because i see very seriously when ive only said that i caught going on with her being funded. Its time to tackle africas persistent electricity crisis says a report by the International Energy agency adding that africa us young fast growing and increasingly urban population is key to driving Global Energy needs. We also neat the father of rural innovation taking a look at innovation up in tanzania where he and his fellow inventors work on improving life for locals. I dont want to get jones laughed. Business africa and africa needs to scale up its policy and investment plans if it wants to overcome the persistent lack of access to electricity and clean coking and thats the bottom line of a new report by the International Energy agency around half of all africans did not have access to electricity in 2018 and as africas population grows well
Id want since said that millions of lives will notot be savedd but until now the turkish president. And ignored International Pressure to hold the offensive which monitors say already claimed the lives of dozens of civilians in which a displaced more than three hundred thousand people. Over that part turkish Officials Say they had my quote. Got exactly what they wanted out of the meeting. Well speaking a short while ago President Trump call thisis a great day for turkey ad a great day for the cuts. This is an amazing outcome this is an outcome. Regardless of how the press would like to. Dampen downwn this was something that theyve been trying to get for ten years. You were lost millions and millions of lives they couldnt get it without a little rough love is i call that i just put out they needed a little bit of that. At the beginning. Us preresident Donald Trumpp is speaking of that offer more a analysis im joined by it not a must see for my International Affairs does kind of an idea.
Official approval. Speaksstanleys boss exclusively to bloomberg, warning the fed against cutting rates. Ive supported the latest fed rate cut and i suspect they will do one or two more. But then it is time for a pause. Shery more from that exclusive interview with james gorman ahead. Plus in Bloomberg Technology global link, aps incremental tweaks to the iphone lineup. We will ask if that is enough to lure buyers. Thats get you a quick check of how the markets closed in the u. S. A bit of a rocky session for markets. Gains and losses but throughout the session getting a bit of a boost. The dow up three tents of 1 . The s p 500 unchanged. Media reports talk about chinese purchases of u. S. Agricultural goods. Greato have not so optimism when it came to bail trade negotiations and those concerns wait on tech stocks with the nasdaq unchanged. We have Energy Stocks higher with oil fluctuating after the National Security advisor was let go from the white house. Lets get you started with a q