Alix steel. Guy 45176, on the stoxx 600, how much lower do we go . We talk technicals later on with abigail doolittle. This is the story of the day in europe. The Dutch Fintech company, the payments company, uber is one of its clients and spotify is one of its clients. It is getting crushed today. 18 plus billion euros with the value wiped off, the share price on your bloomberg terminal, you can see it had a meteor cries which is very much now come undone. Is this what happens when a test tech stock misses expectations. As this happens when the front comes out of it because it is bruising to say the least. At stock as i say down by nearly 40 today. The miners are up today, prices have come undone, we have been watching what is happening with the china story, we continue to watch that carefully. Are we gearing up to people talking about potential for stimulus. It might have some competition for tax assets. Keep an eye on that story. It is never really quite work, where we go with that w
Replace and stage two is hhs secretary tom price revealing we have reestablished contact with kevin. In your interview with congressman jordan, he called the gops proposal obamacarelite . Ok. Im sorry, looks like we have lost you. Kevin cirilli, i chief washington correspondent. What heintroducing calls the American Health care act. He says the markup will begin tomorrow. He says the difference between this and the Affordable Care act, obamacare, is that this is a patient centered Health Care Reform package. He says it gives power back to the federaland government will not have a onesizefitsall plan. He says now this creates a vibrant free market and stage one is repeal and replace obamacare. A programming note. The u. S. Commerce secretary wilbur ross joins Bloomberg Television live at 7 30 wednesday morning new york times. Dont miss that interview. Thats it for coverage of the paul ryan press conference. Lets join Caroline Hyde and Bloomberg Technology already in progress. Dont know
Replace and stage two is hhs secretary tom price revealing we have reestablished contact with kevin. In your interview with congressman jordan, he called the gops proposal obamacarelite . Ok. Im sorry, looks like we have lost you. Kevin cirilli, i chief washington correspondent. What heintroducing calls the American Health care act. He says the markup will begin tomorrow. He says the difference between this and the Affordable Care act, obamacare, is that this is a patient centered Health Care Reform package. He says it gives power back to the federaland government will not have a onesizefitsall plan. He says now this creates a vibrant free market and stage one is repeal and replace obamacare. A programming note. The u. S. Commerce secretary wilbur ross joins Bloomberg Television live at 7 30 wednesday morning new york times. Dont miss that interview. Thats it for coverage of the paul ryan press conference. Lets join Caroline Hyde and Bloomberg Technology already in progress. Dont know
Then after further review, the money flowed right back. The dow closing down just eight points. S p declining 0. 31 nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty, or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. But heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the campaign season, bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost containment and pharmaceutical arenas, particularly biotech. These declines were so brutal, so pronounced, that we ripped up the show plan tonight and are going to spend a whole segme
In on the markets right now. Ramy. Head over to ramy im going to call the session on to middle because we have going between the red and the green. You can see that we are pretty much at the zero mark across all of our major markets. Less than a 10th of a percent down across the board here. Some of this confusion might be coming from some negativity and positivity from the u. S. As well as around the world. U. S. Factory output from march down. Output upactory and china gdp up 6. 7 , which is on target. Let us also switch to look at right now and the u. S. Dollar is lower across the board against these major currencies. 1. 42 for the dollarbritish pound and one dollar will get you ¥108 down there. I will also talk about oil because it is on the mind of everyone as we head into sunday as that is going to be the round of the doha conference. Down, but off of the order of nearly 3 here. When it comes around, if those countries do fail to make any kind of freeze, you might expect to see o