down by $10 an ounce, but above, $13 $1300 an ounce. david: here now is your morning brief. sachs willgoldman lay out its plans to turn around performance in core bond trading. apple will be launching a new iphone. willuropean president deliver a state of the union address. we will get u.s. economic data on retail sales and inflation. let s get an update on headlines. we have emma chandra back. weakenedricane irma overnight after battering south florida. the storm had been downgraded to a category 1 with top winds of 85 miles per hour. it is northeast of naples and is expected to weaken further to a tropical storm today. the damage is unknown. turned into rivers in miami and almost 5 million people without power. severe damage in flooding in the florida keys. research has slashed estimates of total damages from $200 billion to less than a fourth of that. the u.s. has water down proposed sanctions on north korea. according to a european diplomat. the united nations security
130 people dead in november, 2015. islamic state cleansers possibility for that violence. emergency in power security forces to apply the highest level of protection in the run-up to spring s presidential and general elections. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. live from bloomberg s world is in new york, i am scarlet fu. joe: i am joe weisenthal. we are 30 minutes away from the close of trading. scarlet: u.s. stocks making a comeback. the day after the fed meeting and the fed said they were raising interest rates. joe: the question is what d you miss? scarlet: plus, is cash still ken harvard economist rogoff wrote a book about the sinister side of cash, and we might be seeing those effects in countries like india and venezuela. he will join us in the next hour. and 20 states to mylan and other generic drug makers of conspiring to raise drug prices. we will speak
comes in. let s take a look at the markets this morning. abigail doolittle this morning. abigail: not a lot of reaction to the existing home sales. trading largely unchanged, slightly to be up, similar to recent opens with the markets trading relatively flat and perhaps moving toward south of intraday volatility. the dow has flipped a twin small gains and losses, perhaps headed that direction right now. almost in a refill into these markets as investors are waiting for resolution about more information on uncertainty around the trump administration and what could be ahead. as far as one piece of news that could be coming out today, there s a pretty big expectation that president trump may sign twoxecutive orders to basically advance the construction of the keystone and a good access pipelines. the code access pipeline. on this we do have some of the energy related companies up including energy transfer partners. they have the 3.8 l you dollar dakota access pipeline project
and then to new hampshire. i think i am entitled to come cut the ribbon of one of the biggest hotels in the world. mark: tonight, an exclusive interview with donald trump and the mark halperin. it will air tonight. and hillary clinton accused donald trump of american workers. a new poll shows mr. trump has a new release in the sunshine state, which is a must win for his white house. donald trump leads hillary clinton in florida where a raise were third-party candidates are included. he is getting support from independents and showing in this poll is stronger than in other recent surveys from that state. if donald trump wins all of the states that donald that mitt romney won in his run, he will still need more votes to win the presidency. and setting fires to a camp that was later torn down in france. french authorities dismantled the camp, known as the jungle. it was seen as a symbol of the migrant crisis. people are being moved to other centers where they can seek asylum
one-day decline in almost a month. joe: definitely not too dramatic to getting to be a bit more of a selloff. won a look at the inversion stocks we were looking at today on the new doj. allergan was off by 15%. the worst performer in the s&p. you also have progressive waste solutions and apple. all of these guys are looking for some kind of mergers or inversions that could be stymied by the treasury rolls. mike mckee has the best that of the day when it comes to allergen, erasing almost $20 billion of market cap in one day , and the treasury trying to save $20 billion over 10 years. they erased it from allegan and are trying to help the treasury department get it over 10 years. i love the juxtaposition between those stats. joe: i want to talk about interesting stuff in fixed income, interest-rate world. bund 10 year yields falling to the lowest level in about a year. you expect to see the risk-on scenario, interest rates rising. not happening here. this is the ultimate safe