Lets head straight to the markets desk with julie hyman for the latest on this selloff. It has to dond with oil. If you look at the major averages we are seeing a deep decline of nearly 250 points for the dow and that is despite the fact that one very big company in the s p is actually on the rise. Market cap does indeed surpass apple. Up 4 today. Just around 543 billion dollars is where it is right now. That is not helping overall because as you take a look at the number of terminal, energy is such a big drag. Down near 3 are and financials are falling and industrials. So it is a broadbased decline. Energy may be leading but by no means is that exclusively accounting for the declines. Oil is down nearly 5 today and once again, we have a two day loss in oil. 2011 if west since hold at these levels. There is trepidation over the weekly inventory report. A couple of large cap oil companies. A 91 drop in profits. Exxon mobil reported a drop in profits as well. Earningspershare Beat Estima
Up. 8 30 in the u. S. , Consumer Price index. Finally. A look at inflation that is not affected by the weather. Inflection. A little 10 00, Richmond Fed Manufacturing activity and existing home sales. The bell,efore cocacola, mcdonalds, lockheed martin, verizon. After the bell, microsoft and electronic arts. Prince george turns one today. Very important. No question about it. Today have any idea what is coming . The Birthday Party was a huge hit. Lego party. When i was a kid, i had legos. I made them take my bucket of legos in the car for car trips. Not sure my dad appreciated that. N ive stopped many a toe o legos. Bonds, currencies, commodities. Market is turning. Futures advance, 10 year yield under 2. 50 . Euro weaker and hyper carbon euro weaker and hydrocarbon elevated. Vix churn. 12. 821, pretty good, equities have been resilient. Dow above 17,000. Yen weaker after two days of strength. Gold strength. Scarlet will talk about the german 10 year yield. Heres the dollar, spiking hi
Billion of losses in west africa next year. Sierra leone is likely to be the hardest hit nation. In the u. S. Comedy family of an dallas,ctim died in questioning the care he got. The family once to know why it emergency room released him. At t will pay the price for bogus claims on mobile bills. Million for unauthorized charges to customers. Among them, Subscription Services for horoscopes, ringtones, and love tips. Most of the money will go to customer refunds, tony 5 million will go to fines. Device media cofounder shane smith helped kick off sandy media cofounder shane smith helped kick off the vanity fair senate. The holy grail for every Media Company is mobile. Mobile is the wild west. It is where everyones scale is coming from. It is difficult to monetize and difficult to get our heads around. We are trying a lot of experiments. Experiments with providers. Mobile. E first of the summit continues with Stephanie Ruhle and emily chang. They will be live from San Francisco later on t
Were also engaged in reform and recovery. In fact, we face the offense concern to that express. Without reform there can be no recovery. In saying this, i must say the reform is better achieved in good times. I do not, however, find this argument particularly compelling. President obama is considering whether or not to close the prison camp at Guantanamo Bay in cuba. To do that he would have to override congressional octoberives and theres about 150 inmates contained and president obama pledged to close the Guantanamo Bay if a i will isty and john mccain has a message for turkey. You need to do more in the fight against the Islamic State. A id have credit to create buffer zone on the border of syria. What they want is what i want which is a buffer zone and no fly zone so i agree with the turks in that if you really want to change this momentum you have to have a buffer zone and no fly zone and that has been rejected by this president. Mccain says eventually Ground Forces will have to b
This is bloomberg surveillance. The morning after, switzerland will confront massive deflation. Goldman sachs, they are not jp morgan. How lousy was trading in the Fourth Quarter . Venture capital in 2015. Watch your internal rate of return. This is bloomberg surveillance, live from new york. Friday, january 16. I am tom keene. Joining me is Olivia Sterns and brandon greeley. Top headlines. In belgium a manhunt underway after police supported a possible terrorist attack. 15 people have been arrested. Police killed 2 suspects in a shootout and another was arrested. Authorities believed some suspects had just returned from syria. French authorities have arrested 10 people linked to last weeks terrorist attack, according to French News Agency afp. Aftershocks from the move by the french central bank. Fx firms are having problems. A new zealand dealer says it will shut down. A british fx broker alpari says it is insolvent. Equity markets are relevant too. Asian and european stocks down and