Official approval. Speaksstanleys boss exclusively to bloomberg, warning the fed against cutting rates. Ive supported the latest fed rate cut and i suspect they will do one or two more. But then it is time for a pause. Shery more from that exclusive interview with james gorman ahead. Plus in Bloomberg Technology global link, aps incremental tweaks to the iphone lineup. We will ask if that is enough to lure buyers. Thats get you a quick check of how the markets closed in the u. S. A bit of a rocky session for markets. Gains and losses but throughout the session getting a bit of a boost. The dow up three tents of 1 . The s p 500 unchanged. Media reports talk about chinese purchases of u. S. Agricultural goods. Greato have not so optimism when it came to bail trade negotiations and those concerns wait on tech stocks with the nasdaq unchanged. We have Energy Stocks higher with oil fluctuating after the National Security advisor was let go from the white house. Lets get you started with a q
Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the downside today. Today. Trading it was one of the big winners last year. Merck is facing a potential classaction lawsuit contending they made a deal with the generic drug maker to delay competition for their cholesterol drug. Finally General Electric continuing their slide here as it has been battered over the past few days ill and the breakdown related to the Legacy Health insurance business. We are
It. A weaker dollar start sliding this morning. Disney detailing plans to pass on the new law by giving a 1000 cash bonus to 125,000 employees. Bigness after similar announcements from Jpmorgan Chase yesterday embraced as well. The latest win for American Workers this morning. General electric, ford, comcast on the name set to report fourthquarter numbers today. Expect to 29 cents per share. Markets this morning look like this. The nasdaq surged 52 points yesterday after shares jumped 10 . S p 500 at an alltime high. Markets continue to be on fire. The nasdaq with a threequarter of a percent move in unchartered territory yet again. Features indicating the markets will open like a symbiotic unit gains once again. Dow industrials up another 55 points right now. Nasdaq up 10 points this morning. Major indices look like this. Down a quarter of a percent. The other major spot on the session. Markets closed mostly higher. The best performer in there as you can see in china. Shanghai composit
Ecb prepares to deliver its latest policy decision. Jamie dimon found a pessimistic about the future of europe. The eurozone may not survive. That is a very complex thing. That is a pessimistic view of europe. Pessimistic,term yes. Unless they change. Francine good morning. This is bloomberg surveillance. Im Francine Lacqua in davos or the World Economic forum. We are in today three. Tomorrow, we are live from the forum. A whole host of interviews coming up later today on piereillance including carlo padoan and Goldman Sachs ceo Lloyd Blankfein. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian the chair of the u. S. Federal reserve said the u. S. Economy is close to the Central Banks objective of full employment and stable prices. Janet yellen also said she is confident it will continue to improve and it makes sense to gradually reduce Monetary Policy support. As of last month, i am most of my colleagues, the other members of the fed or in washington
Thats ensure max protein, with high protein and 1 gram sugar. Its a situp, banana bend at the waist im tryin keep it up. Youll get there. Whoahoahoa 30 grams of protein, and one gram of sugar. Ensure max protein. To the criticism on saturday in iowa. Here is that moment. Is a little doctored video going around, put up by one of bernies people, saying that i agreed with paul ryan, the former Vice President ial candidate, about wanting to privatize Social Security. They doctored the piece, and its acknowledged that its a fake. Ive been a gigantic supporter of Social Security from the beginning. Sandra so how did that go over . [laughs] look, everybody in the democratic field basically has the same sort of position as joe biden on Social Security. As i said, in the past he has expressed interest in some of these plans to try and reduce the rate of growth of Social Security. Not cut it, but actually reduce the rate of growth because it is a contributor to budget deficit projections going d