Live from moscow watching all of the international and Daniel Hawkins review thanks for joining us this hour. Now and perhaps his most threatening twitter outburst yet the u. S. President s war in the world he would obliterate iran if iran attacks anything american the threat followed iran saying the white house was suffering from a mental disorder over u. S. Plans to extend sanctions on the country this is mr trumps view. But measured did you want to see your tweet message and oh ok with the messages when theyre ready to have to let us know. When theyre ready theyll let us know very simple to go hear me where they do whatever doesnt make any difference whatever they want to do im already have an exit strategy for iran if were. Going to need an exit strategy. I dont need thanks in strategy i have a some u. S. Lawmakers have reacted strongly to the idea of war representatives from both parties voted to repeal a 911 year old law that would allow a military strike against iran without the
Costs and passing them on to their customers. Quite a reluctance among firms to do that in the past. Now a little bit more willingness and ability apparently to do that to it janetnecessarily resolve yellens mystery over low inflation but it is a glimmer of hope for people hoping the inflation rate will rise closer to the feds 2 target. All of this is happening in the context of an ever tightening labor market. This is something we are hearing over and over from just about every fed district. Its getting more difficult for companies to fill open positions, find qualified people and thats restraining their ability to grow. One tidbit from this report that i have to share with you is from the dallas fed. Worker shortages were reported throughout the oil and Gas Supply Chain and in construction. Similar reports came from care,cturing, health airlines. Some banks reported labor was becoming a bigger issue than Regulatory Compliance. You guys have heard a lot of in recentg from banks years
Death. And we begin with todays whiplash on wall street. Stocks were up much of the day, but fizzled. The dow shot up after the opening bell, 440 points, but after a lateday reversal, the dow ended the day down 205 points. Global markets were mixed, and asian indices were picked but european markets saw gains. Ali velshi is here with more, and walk us through this day. You cant keep track of this stuff. Last night, when asian markets openeds and they were down, this was a powerful rally for most of the day, and then once again, the dow losing it hundred points or so. 1. 3 . Heres the issue. When these things happen, when this find of volatility gets in the market, you see people who say, oh, my god, i dont have the stomach for this, i have to sell. And every time markets start to go up and back, they take the opportunity to get out. They saw the opportunity on friday, and saw it come back a little bit, and sold out. Youll see this coming up and down in the next few days. This is not so
Points s p backslid, nasdaq declined. Stock market is a market like any other market. When theres too much demand, stocks go higher when theres too much supply as in the last couple of hours of the day, stocks go lower today you can see supply and demand dynamics in action. Often forget thats what its about. Demand side of the equation. Right now all about tech, transports, huge demand for Semiconductor Stocks, gaming stocks, data center, ecommerce, social media and so far. Airlines, freight and railways where is the supply coming retail sector. Bordering on travesty. So much merchandise for sale in the retail aisle of the stock market theyre marking it down as if the whole store is closing. Sell sell sell sell sell sell sell sell sell sell sell sell sell. Its a total Liquidation Sale oils are headed down too this is another story weve seen before too much oil in inventory and no place to put more of it. Oil Companies Keep selling futures struck at 50 a barrel nothing has changed. Crud
David lets get an update from outside of the Business World with emma. Emma in spain, the government may begin the process of suspending catalonia within rules. Spain rejected the president s response to demands he clarifying his position on independence. Earlier today, he told the Prime Minister he has a mandate to declare independence but wants to have negotiations first. In austria, voters have turned to the right for 31yearold foreign minister to become the world east youngest leader of a government. He claimed campaign after a victory after the campaign took on migration. It may make austria a more prickly ally for germany. And in iraq, troops have moved over to take over oil fields from kurdish forces. It sees the refineries. And the Regional Government last month the kurds held a referendum that backs independence. Global needs, 24 hours a day, powered by more than 2700 journalists in more than 127 countries. Im emmanuel macron. This is bloomberg. Emma chanda. This is bloomberg.