China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l
More hikes. A big day for stocks but not if you are a bull. The selloff started friday and im even sharper on this monday. Even as stocks suffer their biggest losses since 2008 the bond market started acting more like the usual correlation. Stock started plunging we got a nice rally in the u. S. Treasury market and we ended up benchmark 10 year. Yesterday morning we saw that 10 year testing at 2. 8 . It has been a big year in on movement. We have seen a little of that sign, butd be a good there was about 15 minutes of frantic selling on the dow, that flash crash. It is raising some eyebrows. This runup that we saw in january, this could be some type of a healthy signal. There are a lot of questions on how much pain we would have to endorse here. Guestsf questions to our this morning. Kathleen and a perfect time to be asking them. The biggestre on stock plunging in 6. 5 years. Erasing alls p 500 gains for the year. The vix volatility index wow. And i biggest spike ever spoke to an exper
The ceo of boyd gaming will discuss where he sees growth. Today we have henry tao, steve grasso. Should we be as concerned over whats taking place in china . I dont think the u. S. Market should be concerned at all. In china only 15 of household assets are in the Chinese Market. People are not spending according to what they make in the chinese equity market. I dont think there will be any substantial impact on the u. S. Earnings at all. Do you buy that rick . Not even a little. I dont disagree with his information. I do think there are many aspects to china unique to china. Many have no problem when commodities were racing and copper was racing saying this represented global demand. Maybe it was chinas demand. I think that this reversal may not be exactly correlating. Lets speak or let the market speak for themselves. The dollar index, bund and dax all hit the same levels in july. When i see the dow, its not everyones favorite gauge of value, but the lowest levels since february this
The dow and s p 500 and nasdaq all lower. Weve had a moderation of the declines, going back toward the lows. The dow down. 5 . The Philadelphia Semiconductor index underperforming a bit more. Wobbliness fore stocks globally must certainly seeing it in the u. S. This follows a pullback for highyield credit as well. We are seeing risk off and they in the haven assets. Bonds are trading higher. The yen gaining by. 4 against the dollar. Oil is considered a riskier growth asset. Down for a second day in a row. Up 8 . Last week, we had big declines in bitcoin. Lets go into the bloomberg and take a look at the stocks. While we have weakness for the chip today, on the quarter, its a different story. The Philadelphia Semiconductor index in white outperforming the dow and nasdaq in purple and orange. Take a look at the biotech index in blue. Down for the First Quarter in several. We had a bear market in 2015. Movers, some of the chip helping the stocks. Logic, applerrus suppliers falling after t
Fbi, the investigation done by the Senate Intelligence committee will continue on its current course as aggressively as we are able to do we continue to hold interviews. Mark the cochair of virginia told reporters today that the white house is not taking the investigation into russia and the election seriously. Russia is urging the u. S. To accept an iranian role in the safe zone plan. Russia also was the u. S. To help enforce the ceasefire and the deescalation zones. Russia passes middle east envoy says u. S. And iran need to show compromise and flexibility to help end the civil war. Global news global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julie scarlet im scarlet fu. Joe i am joe weisenthal. U. S. Stocks trading slightly lower. Joe the question is, what did you miss . Scarlet americans are been any spartan stores. Department stores. Results at the close. Could the lending crisis spread