Biden. Last ditch support efforts for both candidates moving at breakneck speeds. And digital gold. Cryptocurrency on demand with rising prices for bitcoin. You can crypto a lot of things, but dont call it currency yet. Rising aftertocks resuscitated hopes for a spending package. The nasdaq had a modest game game. Abigail doolittle is in new york. Abigail another choppy day. We have not had one day this week when we have not had stocks up and down throughout the day. There has not been when they were that has been the case. We have seen a lot of intraday whipsaw. Investors are pretty nervous. Some uncertainty. The s p 500 is up after spending most of the day down. Up about 0. 3 . Two down Sectors Energy and tech. Not surprisingly, tech being weighed on by intel. The stock one of the only indexes on the date of fall. Day to fall. Data center sales missing down 10 year over year. The guidance tepid as well. At the end of the day, it was a choppy week. Investors dealing with lots of uncer
Dollar lower and bonds higher. That is pushing yields down. All of this before the fomc announcement at 2 00 p. M. Fed policymakers are expected to reinforce the policy shift they rearticulated last month. And athan longer rates target of inflation slightly above 2 in perseus in pursuit of broader employment. Any news out of the meeting will be nuanced in communicating how they plan to implement the strategy. Will they spout conditions that will justify continued lower rates . Will they quantify quantitative easing . The original rationale for buying assets was to bring the market back to smooth functioning. Now it is probably to support the recovery. Is not clearit that matters because people want to know the fed has their back. Id i had fought the fed id thought the fed kind of said that last time, we have your back. What more could they say this way . The rumor there will be further enforcement of monetary policy, or is it the fact . Nerds will be looking for specific parameters on
Longer than what was initially anticipated. A long slog. You see stocks down 1. 3 . The small caps doing so well up six days in a row, now down 3. 2 . Crude oil is higher. A little bit of a relief rally from the brutal selling we had an oil for two weeks. Confirming the risk off tone, a rally for bonds. Investors taking chips off the table and moving to the sidelines, at least today. David a mildly risk off tone. Despite the abysmal economic numbers, we are down 9 . Are we still higher than we have a right to be . Abigail there is reason to think the markets may go higher. If we look at the rsi on the s p 500, it is nowhere near overbought. From what you would want to see is a set of lower highs. Youre just talking about the s p 500 numbers. It is stunning what we have seen in april. We may be down 9 from the alltime high, but in the month of april the s p 500 on pace for its best month since 1987. Much of this has to do with the big make a cap momentum strength. Around 20 of the index
A second term. Kim davis caused an International Uproar when she stopped issuing marriage licenses and 25th in 2016 after the u. S. Supreme court struck down a law four people global news 24 hours a day global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Vonnie it is noon in new york city, 5 00 p. M. In london and 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Vonnie here are the top stories on the lubricant from around the world that we are following. U. S. Stocks are falling for the first time this year as investors are corporate earnings. U. S. Dollar strengthening after three straight weekly declines. Part of our exclusive conversation with ubs ceo, where he is seeing opportunity and risk in 2018. Shery the travel nightmare as new yorks john f. Kennedy airport continues. Flooding causes more flights to be delayed. Will this incident give President Trump next to push to keep the struct
Enhance cybersecurity and how the commission came about. Rose and a now fill by Mark Wahlberg and we were joined about the conversation about the patriots day film. If every day you turn on the news or open the paper theres another attack somewhere and we wanted to promote the message love will always win and wanted to come together and unite and how my town reacted in the face of terror it made me proud. Rose and conclude with andy cohen. I think its so egotistical to say my life is so interesting but ive now written three books about my life and have gotten over that thing and to give people a window on it but i write with a lot of humor and selfdeprecation. Look, i call the book superficial. Im trying to get ahead of it. Rose Sam Palmisano, tom don ilon and andy cohen. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose cybersecurity has become on