Phil flynn has his eye on oil and gold at cme. Hillary vaughn is live in dallas today at a google roundtable event. Gerri to you first on the rollercoaster session. Reporter wow, wow. You said it at one point during the day we dropped 336 point on the dow the within that hour we turned green. Maybe expectation after rate cut, maybe two by the end of the year. Traders like that idea even though the Services Sector appeared anemic here. Dow, one week. We were down 840 points combined tuesday an wednesday. Now we are in the green today. But on the week, the dow is down more than 2 . S p down more than 2 . Nasdaq down 1 . We have got a ways to go to see our way through this thicket. Dow laggards this week, 3m, one of the industrials stocks getting killed bit manufacturing report earlier in the week. Price target cut by barclays and credit suisse. Bad news for 3m. Theyre down 5. 63 . Caterpillar same story. Industrial stock getting hammered by this bat news on manufacturing. Goldman sachs,
Welcome everyone. Its a very timely topic. The trump strategy with iran, maximum pressure is the theme of this stagnant situation. We will follow no one follows around as closely as we do and there isnt one where we wake up and see these incidents and the escalation happening in the region area this may well be a few more than a dozen incidents in the gulf targeting hackers and threatening the freedom of navigation. You asked the iranian abolition, this discontinued, 44 sanctions and around increase its enrichment of uranium. And eric, we have seen for explosions in two months targeting the afghan militia, program militia. In yemen, just this morning, the us confirmed that one of its drones were shut down. This is the second incident in yemen in, since june. So we need to discuss all of this as a very Diverse Group of experts and some i would, all of them actually i would call friends. Im going to start from the far left. With bottom, its, like right. Hes a senior fellow at the foundat
Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note at 1. 758 overnight we breached that 1. 7 level. A key level here. We have cnbc reporters everywhere this morning covering the Market Reaction to this escalating trade war willem marx is in london well get to him in a moment, but across the world to china. Eunice yoon is on the ground in beijing. Reporter china strongly opposes being labeled a currency manipulator. The central bank, which manages a floating currentry cy exchang rate called the move unilateral protectionist behavior that violates
He became the governor of north dakota. The numbers there, the numbers that hes done there, the job that hes done is unparallel, and his wife is incredible. So get ready for something, okay . Just get ready. But doug burgum has been incredible, and the countrys lucky to have him. That was donald trump over the weekend in new jersey, introducing the man who could be his running mate this november. Well have more from the former president s rally, including his praise for a fictional Serial Killer. Meanwhile, trumps former fixer is expected to take the stand today in the criminal hush money case. Well get expert legal analysis ahead of Michael Cohens blockbuster testimony. And also ahead, well have the latest from the middle east, as hundreds of thousands of people are fleeing from Southern Gaza because of israels looming Military Operation in rafah. Good morning, and welcome to Way Too Early on this monday, may 13th. Im jonathan lemire. Thanks for starting your day and week with us. And
A conference on women empowerment. The white house said today the white house adviser is visited visiting Prime Minister of eight. The white house did not answer questions on whether mr. Trump would join the president on the Upcoming Trip to asia. A rock n roll pioneer is dead here the Associated Press sites a conference in louisiana that said he died tuesday of natural causes. He was best known for his hits, moon very hill, and aint it a shame. One of the first 10 honorees to inducted into the rock n roll hall of fame. 89 years old. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york, im abigail doolittle. Fu. Let im scarlet joe i am joe weisenthal. Abigail the s p 500 on pace for its worst day since early september. Joe the question is what did you miss question mark scarlet miss . Plus, taxe just reform remains on the presents plate as mixe