Surveillance. What a week we had on the markets last week. This is the tension as we get onto monday. This is what im looking at in terms of stocks. They are gaining some 1. 6 . We are also seeing futures in the u. S. Pointing to a higher open. Things can reverse quite quickly and change quite quickly. Downan see the vix index some 10 and eurodollar, 1. 2276. If there is an infection beyond equities and the vix, it would be in credit markets. Also coming up, we talk markets and last weeks correction with Morgan Stanley. Later on, we talked to eric nielsen, chief economist at unicredit. Plus, we talk ecb and brexit. Lets get straight to the bloomberg first word news. Is readye u. S. Says it to engage in Nuclear Talks with north korea. Vice president mike pence dubbed the new strategy maximum pressure and engagement at the same time. The comments signal a shift in policy after they agreed to pursue a dialogue with pyongyang at the winter olympics. Budget director Mick Mulvaney has warned
Solidly higher, all in rally mode with the dow up more than half a percent, and the s p 500 up, and nasdaq up the most at 9 10 of 1 . For the dow and s p 500, the tech heavy nasdaq up for the first time in five days, putting in weekly gains, and this week we have had the pattern of bind the open and selling the close. Back to last friday, the pattern started last friday of the s p 500 higher midday only two fall. Todays trading higher during the day and finishing lower yesterday, recite a dramatic reversal with highs up more than a percent. We see right now the s p 500 flirting with that top trendline so it will be interesting to see whether or not buyers can hold on. One source of bullish tailwind, rates trading higher. That has been the case more recently when rates are trading lower the has been a tale stocks. Tailwind for that is the degree of sensitivity, but in the last five days we have had strength. There was also a bullish the apartment of energy report, and this was interesti
Space, berkshire results and the letter tonight and tomorrow. Europe is pretty mixed in the tenyear below 289 begins with stock futurer pointing to a better open. Investors continue to digest the potential impact of higher inflations and rates on equities, three weeks since the selloff began. General mills bets on pets. The cereal maker agreeing to buy natural pelt food company blue for a billion dollars. And on the heels of historic tax reform, turbotax maker intuit delivering but weaker than expected guidance ceo joins us exclusively later this hour. Stocks are poised to open higher, three major indices on pace for third negative week in four First Time Since november of 2006 the nas ended in the red. S p and the dow about 6 below alltime high. After another session which couldnt hold the interday highs. It has happened four days in a row. I think theres scepticism of investors being willing to wade back the flow of shows as of the weekending february 21st still major outflows of dom
The issuance of costly promises is virtually limitless. Shery Central Banks release Meeting Minutes with important clues for investors, while Neel Kashkari shares inside insight on the fed stock proccess. Wall street overreacts to everything. They overreact to the upside, they overreact to the downside. Shery plus, the earnings drumbeat continues loud and strong. What is pleasing is all parts of the business are performing well. There is still a lot more work to be done, but we are pleased with where we are today. Shery it is all straight ahead on bloomberg best. Shery hello, and welcome. Im shery ahn. This is bloomberg best. Your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Markets were closed in the United States on monday, but there was plenty of drama elsewhere, as a euro group put forth a nominee for the vice presidency of the European Central bank. Nejra the euro group has nominated luis de guindos for the
We will look at election meddling. We are closely working with the fbi on getting information. Suitlations to the recent and will sanction individuals. We already had sanctions against one of the significant people that were on their list. Did not change anything. Thank you, everybody, appreciate your help. Vonnie you have been watching the News Conference by treasury secretary Steven Mnuchin, primarily on the new north korean sanctions. They are on 27 companies and 28 vessels, and one individual. He said that it is to stop ebay said maritime activities that are effectively ship to ship transfers. Lets go to the treasury secretary. He is continuing to speak. Steve mnuchin we will continue to look at the abilities and the authority we have been given, huge bipartisan support in election meddling. Thank you very much. Vonnie the treasury secretary underlining the fact that russias sanctions are in the works. If they wouldim be in the works on russia so he brought it up. He said we are wo