And ibm. The bloomberg dollar index right now down nearly 1 at session lows. On paper, its worst day since march of last year. This after treasury secretary Steve Mnuchin said in davos that a weak dollar helps us, good for u. S. Trade. We see the dollar down on this following a big down your last year. Lets take a look at the fact that was secretary Steve Mnuchin was talking about. The bloomberg dollar index down nearly 1 , its worst year on record. The dollar index, its worst you last year since 2003. The point we want to make here is when we have declines, they come in clubs of twos. A twoyear decline seems pretty fitting even though it is early in the year. Lets take a look at the big movers of the day. Ge down. 2 . This on the news of the sec probe into the company. Recently announced a charged related to the legacy business. Texas instruments down on earnings. Ual, same deal, down on earnings. United continental saying they will be matching pricing. Investors clearly not liking th
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We have some weakness here. D. R. Horton, all lower after existing home sales for the month of december missed the survey a little bit. Daca have to do it tax reform. Investors not likin
That is prosperous, open to the world, but capable of recognizing and standing alongside those who have been forgotten and left behind by global initiatives. Mark he also conceded that the main challenge is to help prove that globalization is more fair to middle and working class families. Puerto rico, bracing for a wave of home foreclosures. Hundreds of thousands were granted a threemonth stay following hurricane maria. The majority of those expire this month. Officials say that many residents cannot hate what they oh. More than 30 of the island still does not have power. Global news, 24 hours a day, powered by 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Julie live from new york, im julie hyman. Scarlet im scarlet fu. Joe and im joe weisenthal. Julie assets are posting is the biggest decline in the major averages. Joe but the question is, whatd you miss . Scarlet Steve Mnuchins endorsement of a weaker dollar to boost exports set the curren
The open. Moment. G just a lets have a look at this chart here. What we have done here is put together the amount of money. We put the amount together and we put it on the charts. If you takeaways away from this. First is 15 days into this rally, that is where the money started to come in. Daysve seen the past few or so, so much not so much. It also tells us there is a lot of money. All a it could cause a little bit of disruption. Monday, tuesday and wednesday, not so much. That is one chart you want to follow. This want to mention morning, about an hour for there. Opened, a surprise First Time Since the crisis, so what we have done is taken a look at some of the indicators. Was a very2016 battier. 2018, how can we sustain that . See,rolling over that we hear is the global price index. Thatct, just zoom in on one and as you can see, does this mean it gets worse from here . It is something to watch. Looking at what is happening for south korea as well. Thanks, the governor has not been
Dow is outperforming even though the nasdaq is on the wane. A choppy performance, mixed session. Ordering moree than 600 50,000 people to evacuate miami as Hurricane Irma churns closer. This threatens to be, the most expensive storm in history as we were mentioning. Of the people who has not evacuated and is sitting tight, nathan, you are one of the few. A lot of people have left. Kind of physical preparations are you seeing around the city. Did everybody board up . Were they able to board up before they left . Where i am in downtown miami, its a lot of Office Towers and condo buildings. The way they were designed, they were supposed to be hurricane proof. We are going to find out real soon. Out, of houses further residential, people are boarding up, putting sandbags in place, x anticipating storm surge and flooding. Told everyoneve in miami that we need to have three days of food and water. We definitely saw Grocery Stores , people were buying anything they could. Bottled water ran ou