Frederick dear in a little bit. Markets, to get you ready, futures just a little bit softer. Down 1 10 of 1 on the s p 500. The euro is weak or by 1 10 of 1 and the treasuries on offer for an eighth straight day. Yields up. Alix it is not even a basis point. It is sterling that is the story for me. The downside off 4 10 of 1 . Not waiting for that u. K. Budget. Gold is slightly lower but not picking up steam. Now it is down by 1 . Not necessarily supporting the oil price. I jon want to pick up on sterling falling for a Third Straight day ahead of the u. K. Budget which many are saying would do little to support the pound is a currency. In the next hour, joining us live from westminster with moore is bloombergs and a redwood. And a red word. What we expect from this . He is changing jobs but just because he has moved the timetable. Here,e are expecting from credit is describing it as fiscally mutual. It is not doing anything to support the currency or the preamble around the budget. As
A few minutes. Get a cnbc first interview with him after yellens official nomination. This was, of course, expected. Market reaction, nonetheless. Lets take a look at where we stand as we approach this final stretch. One hour to go to the closing bell. Dow jones up 68 points here. This is actually near the highs of the day. Nasdaq and the s p 500 also showing mixed reviews here. Nasdaq in negative territory, although it, too, off the lows as there is wide expectation that Janet Yellens leadership will be a continuation of ben bernanke and the stimulus in place. Standard poors up 6 1 2 points on the day. The announcement from the white house gets under way in ten minutes, we are told. So, just a few minutes from now. In the meantime, lets talk about this market and its response to the shutdown in washington, maria. Joining us now on our Closing Bell Exchange peter anderson, Keith Fitzgerald and bob pisani and rick santelli. Good to see everybody. Lets start with the reaction in the mark
Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I think most traders feel it was an oversold bounce with two pretty rough days. Janet yellen may have helped on the margins. Lets take a look at sectors moving. Hewlettpackard, they gave commentary, better than expected. On the guidance. Meg whitman said theres a lot of work to be done but confident in the progress weve made. Those comments came out just before noon. We saw these names frequently traded, beta names. Biotechs have had a rough couple days. Some big names to the downside again. China ne
Board plans to meet to discuss a sale of the bulk of the french builder of power plants and trains to ge. Matt campbell joins us now with the very latest. We heard about the deal yesterday. It was a great bloomberg exclusive which you helped to break. Give us a sense of where the different parties are standing. What seems to be taking shape is a significant transaction that would leave a small part of alstom behind. The transport business which makes Rolling Stock would actually be separated from Everything Else alstom does. Transport is about 20 to 25 of sales. Alstom ismajority of being taken over by General Electric according to people familiar with the situation. But of this is official yet we expect an announcement could come soon. Even in the next few hours. The fact that the unit is being left to one side may allow a political way out for the french government. This is a trophy asset for the french government. They are not tacking over the trains. There was some hint the french
Across the asia pacific beginning in the week with a pbt . E of well break it for you here on bloomberg. Were seeing the aussie dollar lower. Check out whats happening across the board. Youre seeing red arrows at the a. F. X. 200 there. The drops. Gold is advancing among the precious metals. Weve watching some of the tech makers including nintendo. Taiwan opening. Well keep a close watch on the asse rsks t today after that companys opening on friday. Looks like a decline for those markets. Well be watching that very closely. Precious metals they are extending earlier gains. National gas futures declining. We had lackluster earnings numbers and a reminer that the u. S. Markets are closed for a national holiday. Rish the data out of china will be moving and all the tech news that is moving out of japan. Take a look at nintendo shares. Plummeting at the open. This after forecaster surprised the japanese game maker losing the battle with the xbox. And john is right here to explain. Whats g