Thanks, simon. We begin this hour with trading troubles in the market. The three big areas were focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. Dom . Theres strong and theres a lot of them on both sides of the equation. Sure. Lets talk about the macro Bigger Picture scale first. First of all, you have at least whats perceived to be some economic strength or resiliency. Maybe not robust growth. Still, in the eurozone and the u. S. , yes, i know the eurozone is stepied at best and may be slipping back to recession but its holding in there and the u. S. Holding it better than most economies out there. Thats kind of the bullish case if you want to see it that way. Take a look at china though. Slowing growth there. Growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of chinas economic woes really deepen as the market it your miles condition. Lets take a look at whats happening
Composite was down half of 1 . Nicole crude oil done at present yesterday. Down 1. 5 . Lauren shares of apple set to open in more than a decade good analysts and estimates ahead of its Earnings Report today. Dude ceo elon musk over promised and under deliver again . And sports can make him one of the world series is history and pitcher cory clover shuts down the chicago cubs. We will have the highlights for you. Nicole wednesday 5 01 a. M. October 26. We welcome you to heaven, your first look at todays markets, the latest breaking news in what to expect that they had. Lauren donald trump pushes hard are both in the battleground state of florida. More now from adam shapiro. Good morning, nicole. Good morning, lauren. Donald trump continues to energize his base and will be added later today to washington d. C. And north carolina. In florida he had several things, one of which was upon the care and some of the promises. Its either affordable and people are having a hard time obtaining ins
Year. But keep in mind we are still about 20 lower than where we were one year ago. The question, of course, now is where do we go from here . Lets bring in our all star oil panel now. Lima croft of Rbc Capital Markets and john. Two things, number one, you called this nigeria thing back on january 27th. Yes. Congratulations. Thank you. Is the output cut thats happening in nigeria enough to sustain higher prices long term or just short term activity . One thing about nigeria is we had supply outages in the past and they lasted a long time. What i keep telling clients is if nigeria goes off line, its sticky. Theyre intent on shutting down production and they have the capacity to do. So its the biggest upside ris nkt oil market. Is there any other sector where you have a group called the avengers having an impact . This is what theyre calling themselves. Its really a men take two. There was a group that kidnapped oil workers, shut down facilities and parade them around on tv. They do thin
Pairing of the losses which, not that long ago, were lower than 1 . We did get the weekly crude inventories report. Distillate, hope that there will be a future drawdown in crude as well. We saw Oil Prices Move lower after that. Ago and ahile little while ago, moving to unchanged. The other Market Movement of the day has to do with the British Ground british pound. It is moving lower compared to the u. S. Dollar. Volatility surrounding a possible u. K. Exit from the euro. If you take a look at the history and look at the range of the pound in previous times of 2008,ng crisis, 1982 and that is what some traders are looking at as guidance for what could potentially happen this time. Alix lets check in on the bloomberg first word news. Mark Chris Collins of new york and Duncan Hunter of california are now on board. Hunter says we dont need a policy hawk as president. We need a leader. Democratic frontrunner Hillary Clinton hopes to advance or leave on senator Bernie Sanders end. Mrs. On s
Just about 4 31. Good morning. Im tracy davidson. And im chris cato. 80s . Where did that come from . Throwback to summer. Meteorologist Brittney Shipp is here with her first alert first day of fall forecast. It feels like fall this morning. It came from an area of High Pressure that is building over the area. Theres a live look behind me, a traffic camera, now we show you the temperatures, 44 in the poconos, at 50 in allentown, 50 degrees in pottstown, 59 in wilmington, 62 in dover and 61 in wildwood. Temperatures in Atlantic City in the low 60s to start off the morning. Your city planner shows were going to see a warm day on tap. 9 00 a. M. , mid60s. By the time you head for lunch 73 but temperatures keep climbing into the 80s for today. So 80 degrees for philadelphia, 81 in northeast philly, 78 in pottstown, 79 in allentown. Well see temperatures pushing into mid70s in the poconos and 76 degrees in wildwood. Your headlines show we have a fall warmup in the 80s today and tomorrow but