Bankers. All straight ahead on bloomberg best. Erik hello, im david bureau. Look into bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. We kick it up with a manic monday. A new year ended numeral a coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than a percent. More than 8 . Do you think the Circuit Breakers actually contributed to it . Theyre going to say it intensified the selling. As it got closer to 5 and after 5 , people wanted to get out as quickly as they could. It took seven minutes to get from 5 to 7 . It is hard to forget the worst start to the year for european markets. Mark parker wrapping up the traits. The worst year prior to today fell by 1. 7 . Looks like we are going to close around 2. 7 lower, a third of last years 6. 8 has been wiped away in one trading day. Not a happy new year. The dow industrials closing 276 it took
Consumers new to 10 billion creators our platform. The debate heats up as chinas growth cools down. How much of the worry about a hard landing . We have a colossal credit bubble in china you can look at topline gdp and conclude where china is going hard or soft. A sunny forecast and Bernie Sanders blast bankers. All straight ahead on bloomberg best. David hello, im david bureau. Welcome to bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. Our top story kicks off with a manic monday. A new year and a new roller coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than 8 . We saw a 6. 85 drop in the shanghai composite. A lot of concern about the manufacturing data that came in weaker than has been estimated. Today was the first a result of Circuit Breakers pushed. Do you think the Circuit Breakers actually contributed to it . Some of the Market
Expected. A bit of a poll back from where we were in the service industries. 56. 2. The thing you want to see is growth in new orders. They are still strong. Not where they were. They had grown to 55. 4. For fridays jobs report, an encouraging sign. It looks like the Manufacturing Sector is holding. The Service Industry sector is holding. The was economy is a bright spot in the world. The u. S. Economy is a bright spot in the world. Glitzy of this somewhat positive news helped the market find some legs lets see of ee if this somewhat positive news helpeds the market find some legs. Nowhere near the kind of volatility we saw the first four days of consecutive losses since 2003. While equities appear to have stabilized, there is a quick snapshot of whats happening in the dow industrials. That is not the case in treasuries and oil. The 10 year continues to drop lower. Cap messing yields like this since october we have not seen yields like this since october. Oil crude continues to sell of
On planes trains and truckers . Its cold, baby its cold and getting colder. Snow hitting east and midwest today. We have the forecast and we have sue standing by out from the elements at the new york stock exchange. Hi, lets take a look at the ten year note. Everybody is talking about that right now. It dipped below the 2 mark. Right now we are trading at 1. 937 in terms of the yield. Lowest we have seen obviously in the new year and actually in the ten year since october. We have Bertha Coombs at the nasdaq. Russell and nasdaq getting hammered today. Bob pisani is here with me at the new york stock exchange. We were down about 180 points or so. We have come back a tiny bit but the market is under a lot of pressure today. The three lows the low euro low bond yields and low oil all weighing on things. I want to show you major indexes right now. Tyler is right. Good time to hit on transports. They are getting hit. Russell 2000 small caps weak. Under performing the s p 500. I want to show
The staff would appreciate if you pull up the chairs and leaned them against something. And so now for a for the feature presentation, it always makes our hosting job here a little easier on the day that the author is due to appear. Spin it however you want to. [laughter] okay. What seems amazing some of his closest friends is and how im using both turned out. Its how he found time to write it. For one thing, he represents a pretty demanding and far from securely democratic district, new yorks third Congressional District that includes a chunk of long island as well as a small proportion of queens also having served in congress for 14 years hes become a Ranking Member of the houston a critical leadership and twice chaired the Democratic National committee and kennedy. But he does enjoy writing and apparently developed a knack for doing so on his cell phone which is where he composed a good part of the book. Why a comic novel, as he told the Washington Post instead of screaming and yell