Us. Charles schwab reporting the stock is on pace for its biggest gains since july. The ceo is moments away. Later on, well get reaction to what we learned so far from the banks and what to expect as this week gets started. First, take a look at the markets. Stocks are in the green as we kick off a busy week of earnings. Oil kind of muted right now. Todays move higher coming as we prepare for whats historically been a bullish period for the market. Lets bring in cnbc senior markets commentator mike santoli. You think seasonality is playing a role . Its definitely in backdrop. This is about when it kicks in, midoctober. Its the start of the year with tailwinds. Also friday, you had this kind of buildup of anxiety in this nonspecific way. The volatility index ended at like 19. 5, even though we had a halfpercent decline in the s p. Obviously a lot of the geopolitical issues are on peoples minds as well as, you know, i think just in general, you know, whats going to happen with this insta
Comment has been set and noticed for this meeting. The phone number to use today is 415 a6550001 access. Code 26638999497. When the item is called, ill star three to enter the queue. Commenters will have up to two minutes to provide comment unless otherwise noted by the chair. Please speak clearly, ensure youre in a quiet location and turn off any tvs or computers around you. We thank you for your cooperation. Places you on item two. Roll call director henderson. Here. Henderson. President director hinsey. President kinsey. President director. So present. So present. Director kahina walking right in. Thank you, chair. Ekin right in time here. Egan present. We are expecting director hemminger. Although however, director yekutiel is not expected today. You do have a quorum and for the record, i note that director hinsey is attending this meeting remotely. She is reminded that she must appear on camera throughout the meeting and in order to speak or vote on any items places you on item nu
Tom good morning, this is bloomberg daybreak europe, im Tom Mackenzie in london. Asian equities getting after softer than expected u. S. Jobs data revives bets the fed will cut rates this year. The Israeli Military asked some civilians in rafah to move out of the city as preparations for a Ground Invasion move forward, after israel closed a humanitarian crossing into gaza following a,s rocket attack. Xi jinping touches down in paris to begin a three nation european tour, as french president Emmanuel Macron seeks to reset ties with beijing. Lets check on these markets. U. S. Stocks ending last week higher with gains coming through friday. The nasdaq up more than 2 , the s p adding gains of a little over 1 , another big week in terms of the central bank story. The bank of england and their decision on thursday. Before that, the rba of australia coming through with their decision tuesday. Earnings in focus with disney out of the u. S. , ubs out of switzerland tomorrow. European futures in
415 a6550001 access. Code 26638999497. When the item is called, ill star three to enter the queue. Commenters will have up to two minutes to provide comment unless otherwise noted by the chair. Please speak clearly, ensure youre in a quiet location and turn off any tvs or computers around you. We thank you for your cooperation. Places you on item two. Roll call director henderson. Here. Henderson. President director hinsey. President kinsey. President director. So present. So present. Director kahina walking right in. Thank you, chair. Ekin right in time here. Egan present. We are expecting director hemminger. Although however, director yekutiel is not expected today. You do have a quorum and for the record, i note that director hinsey is attending this meeting remotely. She is reminded that she must appear on camera throughout the meeting and in order to speak or vote on any items places you on item number three the rigging and use of cell phones and similar sound producing Electronic
Guy every single sector bar. None down in europe. A lot of this out of the u. S. Clearly we see the big market to the fed that is being priced into europe. The ftse is down. You certainly have the pause in effect coming through into the u. K. Market. Taylor wimpey is one example of that. We are seeing affects positive effects coming through of a right pause into european, and more specifically u. K. , equities. The question is, what happens if pi goes up next time . Does the bank of england hike . Who knows. Alix in the u. S. , we are data dependent. We get existing jobless claims coming in under 200,000. We are seeing equities pick up to the downside on existing home sale numbers. The s p 500 is down 1 . Major sectors in the red. Amazon down 3 . Seven Straight Days of losses, its longest losing streak since february. What is different in the bond market in the u. S. Is the front end is rallying. You are seeing buying in the twoyear. Yields are lower and the backhand moves with you guy