Appetite for treasuries. Jay powell insists it is not the return of qe. Tension sores in the middle east. Turkey says its forces will move into syria at any moment. Shery lets get you started with a check of the markets. U. S. Futures under pressure, fell. 1 after the s p 500 for two consecutive sessions. Semiconductors taking the biggest hit, they fell the most in about six weeks. We have trade headlines sparking concern about tensions intensifying between the u. S. And china. That is upsetting some of the comments coming from fed chair powell, who left the door open for rate cuts. The dow lost more than 300 points while the nasdaq fell 1. 7 . Lets see how we are setting up in asia. Sophie australian markets have lower, asx 200 opening snapping a threeday gain. Bhp shares among the biggest laggards. Studyssie dollar trading after overnight gyrations on the trade brinkmanship. Confidence numbers for october are due in a halfhour. Nikkei futures pointing to a lackluster start. South kor
Chancellor Angela Merkels government will demand the u. K. Pay for the privilege of its banks having access to e. U. Markets after it leaves the bloc, according to officials from two key german departments. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Crumpton. This is bloomberg. Vonnie it is noon in new york, 5 00 p. M. In london, and 1 00 a. M. In hong kong. I am vonnie quinn. Shery i am shery ahn. Markets. Bloomberg from bloomberg World Headquarters in new york city, here are the top stories that we are following. The state of American Business will speak with u. S. Chamber of Congress President and ceo tom donahue. What he sees as the top challenge facing the Business Community. Another market bombshell, or potentially from china. They may pull back holdings of u. S. Debt. Ofld this be the beginning the end of the bull market for bonds . Ford in the hot seat. It has become the latest carmaker to be accused of diesel emis
Welcome to the Halftime Report. Bull run, more records with the dow looking to post its best week of 2017 with us for the hour today, josh brown, stevewise, carrie firestone, the ceo of asset manage president and with us from minneapolis today is Pete Najarian lets begin with stocks, the intraday report high for the dow, s p and nasdaq. Energy is a big story as it puts in its big week since september of 2016. Josh, its been a reflation kind of a week. Materials, industrials, financials. Yeah. Is this the way its going to be now big week for the qs risk off got killed this week. Tlt down 1. 7 . Gold, gld down 2 bost , and in meantime you have a huge breakout in Semiconductors Take a look at the smh this tells you everything you need to know about Companies Spending money, not just people, but but projects and r d, and well get to some of the bigger winners later on. I just think when you look at the advance and declines, scott, thats what i want people to focus on not just the fact that
Were going to speak to woodman ourselves in an exclusive interview to talk about the outlook for the company and that gopro drone crash over the weekend. At the padres diamondbacks game as a matter of fact. Toll brothers losing Early Morning gains after a weak number for new home sales. We have a debate, bull and a bear, talk about whether these housing stocks are worth buying right now. But we begin with amazon Shareholders Meeting taking place today in seattle, talk of a potential stock split. Believe that when we see it. Deidre is at the meeting there. What happened today . Reporter hey, guys, well, wrapped up just over an hour ago. A lot of happy investors. Amazon stock run up 40 in 12 months. This was interesting. One shareholder noting that amazons stock is approaching a thousand dollars a share. Noted that its less and less accessible to a younger and middle class investor, so she asked jeff bezos why it seemed amazon was going the way of berkshirehathaway, and whether he consid
Of average. Take a look at what this is doing to the markets at this point. Well, you know, weve we came back yesterday. You can see we are looking for a slightly lower open as of now. European markets already in session. And on the closing end of their day you can see kind of a mixed session over there. This is where we may see the most move is in the tenyear note yield. You might expect of course the expectation the feds going to move now in june has fallen dramatically. Will it even be july. There it is, the yield now 1. 72 . Weve been sitting of course a good 10plus basis points higher than that until this number came out. Weighing on the may payrolls of course were job losses in construction, mining and manufacturing. Even without that verizon strike, payrolls would have only increased by 72,000. You may recall verizon had 34,000 employees on strike. The Unemployment Rate though fell to 4. 7 . Now, that is due in part to people dropping out of the labor force. Average Hourly Earni