After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
Since 2017. As the world bids goodbye to 2019, ringing in a brand new decade right now it is midnight in moscow russia. Well bring you celebrations all across the globe this hour. First Deirdre Bolton at the new york stock exchange. Green on the screen today. That certainly matched for this year, for this decade. If you look at the stocks really the standout stocks for the year, well start with that, before we Start Talking about the decade, apple is certainly one we have to highlight it. By far the strongest dow component, up more than 83 this year. A lot of analysts talking about the fact that of course many, many people own iphones. More important for apples future, the fact that their services really taking off especially music streaming. Then also of course the fancy new ear buds, ear pods, most people asked for christmas and still waiting for. Those are the demand goldman sachs, microsoft, other best dow performers for the year. For the decade, chip stocks, communication stocks,
Crown the world from all around the world. Our bloomberg voices are on the ground with all this mornings top stories. We begin in china, where the government signals a cash injection is on the way to ensure a strong start in 2020. At a meeting in china, the premier said the resiliency is continuing. The chinese economy is resilient. The Chinese Market is huge. We are determined to open up further. We will reach a winwin relationship with other countries, especially with our neighbors. Alix joining me on the phone is sharon chen, the beijing bureau chief. What have we learned from his speech . Give us a backup of the bilateral meeting. Sharon it basically signaled there are going to be product cuts with the amount of cash the banks have to keep as a reserve. Lending to the private sector is a huge part of the economy that china needs to shore up. It accounts for nine out of 10 jobs every year, and it comes after china already promised wideranging set of initiatives that will boost the n
Such a streak. U. S. Equities close at 1 00 eastern. Road map begins with the santa rally. Nasdaq with nine consecutive record closes, longest streak since 1998. Retailers bracing for that last minute rush on this final shopping day before christmas. But Delivery Companies also under pressure from the late push. And weworks cofounder may have big reasons to smile this Holiday Season a report says his 1. 6 billion exit package could get sweeter well fill you in. With markets in record territory, investors are in a better mood. The 2018 Christmas Eve period saw the dow tumble 653 points. S p down 27. Nasdaq 140 drop. Since then, those stocks have surged the nasdaq leading the major indices with a 44 gain since then we forget, december 26 we came in the day after christmas, and the dow and the s p rallied 5 it was wild a year ago. I remember vividly sitting on Christmas Eve, watching this show and i probably shouldnt have been doing that on Christmas Eve. I was, and it was plungingsinki t
What are you hearing . Reporter this may be moving the market. A roundtable with American Business leaders, current and former chinese fishessals and American Chamber of commerce. Out of the round table there is big differences with the trade relationship with china. One example from the u. S. Side. They say there was no real huge benefit to have this trade relationship with china, having china within the wto. Chinese officials during that roundtable saying no, that is not the case. In fact china, u. S. And world benefited from china being in the wto. Chinese made the case that china entering it benefited everybody. Roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. Global times says chinas precondition to the trade deal would like the trade tariffs rolled back simultaneously. But the negotiators from the u. S. Have not given a positive sons to that our chinese trade sources said china wants