Now. We are at session highs however modest they may be the dow wiping out early losses after white house economic advisers wraps up expectations dont look now, the russell 2000 has entered a death cross well have more on what that is, what it means later, kelly, this hour sounds scary. Lets get more on todays big intraday turn around from bob who is watching the action at the New York Stock Exchange. China trade talk moving the market you heard about mr. Kudlow speaking early one of the comments he made, delisting chinese economy not on the table. A bit lart on, this moved the market more importantly here chinese is ready to do a deal on the parts of the negotiations both sides agree upon. This is part of that 80 deal that we have been talking about for many months. Not only did u. S. Stocks move, chinese stocks move to predictably u. S. Cyclical groups moved into positive territory. Serks mis were negative, materials, industrials, banks. Yields moved up. This 80 deal we keep talk abo
Rishaad what an afternoon it was, just one gentle slope all of way down to record a loss 3 . Let us put this into context. The csi 300 benchmark in shanghai, shanghai shenzhen stocks. What happened to that beijing that is what investors in china were asking themselves after this date of largecap shares plunged, rattling the market, one which has become rishaad margin debt below the bubble peaks, has been increased seeing for six straight months. A lot of investors nursing their wounds this morning. Haidi. Haidi absolutely. Getting the Bigger Picture look. Coupon that before 2015. A 3 jump or fall in any of these chinese indices was almost a calm day. How farteresting to see it has, and how little volatility we have had from the worst in 2015 until now, so we are looking ahead to the shanghai and hong kong open, taking a look at how sentiment worsened and if it provides a little bit of support. A lot of analysts saying there is no point in them going in right now because it will make no
What does that mean . Hello and welcome to bloomberg daybreak asia. Im haidi lun. Betty i am betty liu at the mobile headquarters in new york. Weve got one i clearly watching what is happening in the korean peninsula. In the meantime, we are watching what is happening here in tax reform and u. S. Markets. It looks like tax or formal possibly passed by the end of the year and markets will move higher,. I want to pull up a chart that shows perhaps a little bit of a warning sign. It just shows you the valuation of snp stock versus the euro stoxx 600uro companies. You can see how the valuation so muchinues to widen, so that it has some investors saying even if stocks rally, maybe there is better value in other parts of the world, particularly europe. Maybe it is europes time to shine next year. Haidi absolutely. It is interesting, this idea of momentum and sentiment driven rally we have seen. Haveore record highs we seen overnight as we get closer to closing out the year. Usuallyet period
A coward by donald trump actions after the president says he would have tried to help even without a weapon i think i would have tried to have helped. And American Media giant, comcast, puts in a bid for sky challenging an existing offer from Rupert Murdochs 21st century fox. Good morning. Welcome to bbc newsroom live. Im reeta chakrabarti. Heavy snowfall is hitting parts of the uk, causing road and rail disruption in many areas. Police say driving conditions are treacherous in places as a band of wintry weather and very low temperatures sweeps westwards. Hundreds of trains are cancelled, many schools are shut and forecasters say some Rural Communities may be cut off. 45 children were led to safety after a bus crash near Deeping St James in lincolnshire though no injuries are reported. The met office has issued amber warnings for large parts of the country as cold air sweeps in from the east. Up to 10cm of snow is expected today and as much as 20cm is predicted in some parts of Eastern
Good evening, everyone. Welcome, a landmark deal in the tech industry. We told you friday it was likely to happen. Today it did. Get to that story in a moment. We begin tonight with deal buzz in another sector the media sector as first reported by cnbc, 21st century fox has been in talks to sell most of the assets to disney. Even though the talks have ended, it sent stocks, disney was up 2 viacom, discovery and cbs also rose. David faber broke reporter 21st century fox has been holding talks with disney. Now, the talks have taken place over the last few weeks. Given the complexity, its its seen as a tough deal. The two sides are not currently talking, but given the o again off again nature of the talks, they could be revisited. For fox, the willingness to engage in talks, is a growing belief that scale in media is of immediate importance and theres not a path to gain that scale in at the same time through its believed that they could compete more effectively in the marketplace and also