Also, officials from the countries of russia, turkey, oman, qatar, saudi arabia, egypt, ukraine, france, england and spain expressed their sympathy with the government and people of morocco. The 7magnitude earthquake last night in morocco has left 822 people dead, out of 670 people injured, 205 of them are currently injured. They are reported to be critical, according to the announcement local media reported that most of the victims live in hardtoreach areas, which are difficult for rescuers to reach. The epicenter of this earthquake was in el derb , southwest of morocco, at a depth of 10 kilometers. The report indicates that in the past 120 years, the earth has started to age strongly in this region under the debris of the remains, but it has not yet spread to all the earthquakeaffected areas, and in some areas, people are searching for their relatives. We have no country, minister of health and medical education in response to the news about the circulation of the 21st corona virus,
Also, also trading at a record. Small caps lagging recently as investors try to flush out with the prospects are for tax reform, because this is seen as a group that is particularly receptive to any kind of tax cut. Everything since last years elections, you saw outperformance initially and through the long fade. Particularlynce, in the last week or so, this is i should imagine the russell 2000s performance relative to the s p 500 so we are still positive post the election, near breaking even or even with the s p 500s performance in august. One proxy we are watching for tax reform. As for what is leading large caps, technology is the big winner, up over 1 . They are performing well in the session. The only group down on the day is telecom. Health care bouncing back, i will talk about that today. Bounceig cyclically led we are watching in todays session. Take a look at one stock that is a standout, whirlpool. You can see the lake up leg up. That appears to be connected to the Internatio
Of 1 . The Treasury Curve off the back commentsllen steepening just a little bit. Alix a little bit of a risk on feel except in portions of the currency market. The yen gets a good bid. , stephansshocker just a touch over 60 basis points. South of south of 58, 57, a lot of people denying what the yield curve could mean. My question is at what point did the yield curve become real for the deniers . The is it the number or speed . Crude prices are more expensive now than in two months. An interesting phenomenon. Time for your morning brief. The u. K. Delivering its autumn budget. The data dump, jobless claims, durable goods, and it 2 00 releasing the minutes from the last Monetary Policy meeting. Breaking headlines for you, Rockwell Automation rejecting the unsolicited proposal trump emerson. Rockwell rejecting the emerson. Ed bid from we heard potentially we would hear a bit come in as emerson tries to change its business. Cavalli put success of the deal says a than 20 as he different s
Lets see what happened overnight in asia. The flnikkeiclosed down. Hang seng down by 5 points the shanghai composite up by a third of a percentage point. In europe in some early trading, looks like the dax is up by a third of a percentage point. The cac is up bay half py a half percentage point finally check out crude Oil Prices Crude Oil yesterday down by 1. 4 on some questions about u. S. Supply and also doubts about whether russia is going to be cutting output whether it will stick with that. This morning down 1 couple big stories were watching japans softbank offering to purchase shares of uber at a valuation of only 28 billio 4 . Thats a huge drop of the most recent valuation of 68 billion. Ubers board approved the investment in october. It would expand the board and cut the influence of founder travis kalanick. Big question about whether people will tend near this offer. The consortium is led by softbank, and they plan to take a stake of 14 in uber if they dont get it at this pri
Overnight in asia, youre going to see whats happening. Well talk more about whats happening here with the futures. Overnight in asia the nikkei down by 1 2 a percentage point the hang seng up by. 2 . The shanghai composite down by a similar amount in europe this morning with the green arrows there, youre going to take a look and see that gains across the board dax up by 1. 25 . Cac up by. 9 . Crude oil prices, take a look at that, too. Last week for the week they were down by 60 cents down this morning another 55 cents to 57. 82 for wti. You think you can keep bringing things in here and yes. Driving your yes. To thats exactly what i think. Because you can. Because i can. That definitely is i try to spread cheer. Grat grasso messaged me, imt on youre trying to create tension. You bring me like back you know remember your thumb was sore and i got you some epsom salt. And today you brought coffee. Thats a way to do it. Hes the man. Im half italian, half sicilian. That means dont cross hi