Grasso is back welcome, steve. Thanks for having me. Technology making a move higher thanks in part to the semis. First you have that semi upgrade from Goldman Sachs thats put a flame underneath the whole space. Theyre leading and also have the f. A. N. G. Stocks reporting. Thats what is driving the market action. Does it tell you something about the cyclical leaning. It tells you it gives you the impetus of, hey, what got us there . What is going to be the mainstay people like to keep riding the horse thats delivered the returns and that horse has been tech. Horses are scary. Lets drill down on the big stories were watching a meeting with chip executives will take place. Phil lebeau, a credit warning or boeing and bob pisani are looking at the other moves and seema mody looking at the impact on oil and iran. Ylan, lets start with you. Its expected to get under way in a half hour several of the executives are already here my colleague Kayla Tausche and i have confirmed some companies a
U. S. Futures down 6 10 of 1 . Normally a price move you do not see in the asia pacific save for events like we are seeing today. The dow futures, a substantial pickup. Coming off highs on vix futures. We dont have japan trading so youre going to get a lot of that in the form of going straight into these contracts. Since japan is closed looking at futures. The fact a dollar is stronger against Everything Else but the yen is stronger tells you the mood is yvonne do you go into a traditional haven plays like treasuries after the week we had or should we be worried maybe with oil prices being elevated there could be this third wave of inflationary pressures coming into the forefront . That is what the market is contending. You certainly are seeing where the trade is. It is oil markets reacting. Rishaad it has the traders looking at possibly a proxy where with iran taking place. Israel produces Something Like 320 million 20,000 three to 20,000 barrels a day. With the consumption of 236,000
36 effective overall in preventing flu illness severe no to send the patient to the doctors office. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Parenti and this is bloomberg. Chang and thisy is Bloomberg Technology. Coming up, peter till Silicon Valley retreat. On he is pulling the plug the bank and setting up shop in l. A. And googles new plan to eliminate popups. And then the new punishment for repeat offenders. And the ceo of the biggest supplier of Semiconductor Hardware expects the industry to keep booming. We will get perspective from Applied Materials Gary Dickerson later this hour. Billionaire peter thiel is calling it quits in san francisco. He is relocating his personal funds and their 50 member staff to los angeles. According to the wall street journal, the tech worlds bestknown conservative and trump supporter has discussed resigning from the facebook board. Peter thiel set off a firestorm when he supported don
1. 8 million undocumented immigrants brought into the u. S. As minors a path to citizenship. The measure was six votes shy of the 60 needed to advance. The bill was crafted by moderate republicans and democrats billing themselves as the common sense coalition. Health Officials Say the flu vaccine is not effectively protecting Older Americans and others against the bug that is causing most illnesses. The cdc said the vaccine is only 36 effective overall in preventing flu illness severe enough to send the patient to the doctors office. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti and this is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, peter thiels Silicon Valley retreat. Why the tech worlds most conservative billionaire and trump supporter is pulling the plug on the bay and setting up shop in l. A. Plus googles new plan to , limit popups. We will weigh in on the new default the
Enter a Customs Union with the eu postbrexit. For the complicating theresa mays negotiations with brussels and her own party. All eyes on the United States jobs report. Traders will be paying attention to wage growth. Will it be enough to shake off the retreat in equities and treasuries . Was than minutes away from the european open. Take a look at futures. We are looking at a mixed trade in futures. Ella think they are positive in britain, negative on the continents. Andttle bit of direction trend. At the same time, we see u. S. Treasuries yielding more than they were yesterday, 2. 78 now. Just yields have come down a little bit, but still at a level traders havent seen in a long time. That could spook as some traders and it could be a reason you have seen a selloff in the features session. Will that carry through into the cash session . Will that yield attract investors to put cash back into the riskfree rate of u. S. Treasuries . What do you feel on gmm . Anna lets take a look at th