Downright unnerving. Were now looking at the other side of what the feds been doing to stamp out inflation, and its a big reason why the dow lost 199 points. The s p shed and the nasdaq 1. 06 . Were going have to learn with not a collapse in commerce, but definitely a slowdown. Along with the decline in profitability that always comes at this particular point in the business cycle. Each day we see more of these cracks. Extremely disappointing numbers from southwest airlines, luv. But there was no love. The airlines margins are being pressured by higher gasoline prices. Its not 250 to 260. Its budget is 270 to 280 ewhich is a huge difference. Southwests revenue per available seat mile, is down rather dramatically. Were looking at a 5 to 7 decline when the company said it would be down just 3 to 7 . That is jarring. It looks like business is finally getting hurt by the sudden rise in oil. Its up in a straight line. And you cant ignore the fact that southwest revenue per available seat mi
After the Prime Minister resigns ahead of a snap election. Unlike the usual attitude of many that consider themselves entitled to keep their positions, their seats, their office regardless of the conditions and circumstances i feel the deep, moral and political obligation to put in your own judgment everything i d did. That only begins to describe the chaos on wall street. The nasdaq below its 200 day moving average. The s p 500 lower by 150 points. Dow losing 358 points and Global Concerns the topic of discussion. Chinese factory activity hit its lowest level since march of 2009. Thats weighing on asian assets. If you take a look at the shanghai composite closing down by 4. 2 below its 200 day moving average. Its fundamental and technical factors that are at play but not just china. Youll see red across the screen. The hang seng index with the worst week since 2011. Here on friday, closing lower by 1. 5 . A lot of the auto and industrial stocks weighing on the index and then you take
In fact entirely for those three in the green. Look at spain there right now, or italy. They may be up, i believe. Ten year note yield had been hovering around 2. 2. Moved up a little bit yesterday. 2. 24 is where we are right now. On the ten year note yield. You can see crude oil also edging above 50 bucks. Thats important because it should produce some sort of movement in the stocks. It has not. Schlumberger, the Great American the Worldwide Service company is pretty much where it was give or take a few points from the when oil was at 26. That group is the one thats lagged the market if you wanted to ask me whats the key. That group has i was going to do that later. Were just getting started. Well, its a sector key. Im sorry interrupt. But you mentioned are you interrupting . Never. Thank you. Our road map is where well get to right now. I will ask you about that key u. S. Futures pointing to a higher open. Deere surges, on the move. This after the companies came in ahead of the esti
In chicago according to a report in politico. It will likely include a thank you to illinois for launching his lyrical career. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Caroline i am caroline hyde, this is Bloomberg Technology. A tumultuous year with another misstep, but this time it has company. How a social media giant is struggling. Plus, the commercial space race that could be set to lift off under donald trump. How peter thiel could be the x factor two deep space exploration. Wo tech titans sound off. First, our lead. Twitter is struggling with its video advertisement. This is the latest misstep to in videoth advertisements. It raises questions about the lucrative business of online advertisements. Is our guest host, brad stone. Is it another hit to twitter . Out andt us start address what i call the twitter paradox. The year has been horrible, the stock is way down, and yet somehow it has never be
In chicago according to a report in politico. It will likely include a thank you to illinois for launching his lyrical career. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Caroline i am caroline hyde, this is Bloomberg Technology. A tumultuous year with another misstep, but this time it has company. How a social media giant is struggling. Plus, the commercial space race that could be set to lift off under donald trump. How peter thiel could be the x factor two deep space exploration. Wo tech titans sound off. First, our lead. Twitter is struggling with its video advertisement. This is the latest misstep to in videoth advertisements. It raises questions about the lucrative business of online advertisements. Is our guest host, brad stone. Is it another hit to twitter . Out andt us start address what i call the twitter paradox. The year has been horrible, the stock is way down, and yet somehow it has never be