Whether opec will be able to influence cuts. Traders fear the cartel me to be able to persuade action. The worst year since 2013 collateral damage. Global news 24 hours a day powered by more than 22 center journalists and analysts in more than 126 countries, this is bloomberg. A cycle of the markets, afternoon trading getting underway in hong kong and shanghai, you are seeing shares higher after the positive surprise to the option i for china tokyo and the rest of the region, as well also seeing gains across the region. This is bloomberg. This is blueberry technology. Coming up, at t and time warner grilled on capitol hill over the proposed merger, we put the megadeal under its microscope. Plus the unicorn that sword. Soared. Australias hottest tech company one year after it went public. So much for burning the midnight oil. The key to ultimate success is sleep. Arianna huffington joins us to discuss her latest venture, and the rise of think news. U. S. Stock benchmarks jumped the most
Fortt, we have vanity fair special correspondent and contributor nick vilton, and we will get to our guests in a moment, but nasdaq is back in the green for the month, and s p is 2023, and over to the mary thom sopn we just got the Dow Jones Industrial data, and the housing data is rising, and so that gave a lift to the market in the large part because people are starting to expect the latest poll showing that a brexit is likely, and that helped with the data off of the highs of the day. And we are watching monsanto, and the Company Expects to the reject the bid from bayer and seek a higher off, and the stock is up 3 . Lets check the dow movers today, and their reflective of the gains that we are seeing in the broader markets. It is tech as well as financial stocks leading the dow higher as visa and microsoft are taking the top spots, and the check with the i. T. Financials and health care. And these are the worst performing sectors, and one trader is telling me that what we are seeing
That debate begins now. Dr. J, at 1 06, is apple a buy or sell . Still a bigger buy than a sell at 106. It rarely does with these announcements. I dont know that theres anything that jon fortt has said thats really that earthshaking about this particular announcement. The big one, of course, is going to be in the fall with the iphone 7. Nonetheless, people that were late to this one instead of buying at 134 bucks a share or 138, still right around 106, 107. I think thats a reasonable do, not quite as good as it was a month ago. Well break away for two seconds for breaking news. To eric chemi regarding fan dual and draft kings. Thats right, scott. Actually an agreement came out just now between the new york Generals Office and draft kings and fan dual where the two companies will not operate in new york state any more. Obviously, this is a big story a year ago. Both companies valued over 1 billion but have seen fees pile up. They decided to make an agreement to not continue fighting for
Coming up later on the show, speak to the former u. K. Chancellor at 10 30 u. K. Time. First, today is the day and just a matter of hours we find out whether the fed will raise rates for the First Time Since 2000 6. A Bloomberg Survey of 113 economists have found just over half say they do not expect a hike today. That ties in with comments from Lloyd Blankfein and ray dalio. What to the markets think . Lets check in with jonn ferro. Jon no consensus. Nobody knows what is going to happen. That is the first time we have a live meeting of the Federal Reserve. When they sit around the table today, what are they going to be looking at . The good, the bad, the unknown. Unemployment down to 5. 1 percent. Potentially bad the inflation numbers. What is the outlook for inflation . How certain are they that in the mediumterm inflation goes back towards their target . Completee is a unknown. How did they factor in the global situation. What is happening in china . How conscious are they of the 15
Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd