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Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. Alan parker will stay interim until scharf joins the company the Conference Call is under way and well bring you developments on that. He had quite a run at visa and left for geographic reasons really. Yes, he did able to stay in new york, his family still going to be with him. One daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell ....
Also, also trading at a record. Small caps lagging recently as investors try to flush out with the prospects are for tax reform, because this is seen as a group that is particularly receptive to any kind of tax cut. Everything since last years elections, you saw outperformance initially and through the long fade. Particularlynce, in the last week or so, this is i should imagine the russell 2000s performance relative to the s p 500 so we are still positive post the election, near breaking even or even with the s p 500s performance in august. One proxy we are watching for tax reform. As for what is leading large caps, technology is the big winner, up over 1 . They are performing well in the session. The only group down on the day is telecom. Health care bouncing back, i will talk about that today. Bounceig cyclically led we are watching in todays session. Take a look at one stock that is a standout, whirlpool. You can see the lake up leg up. That appears to be connected to the New York , United States , City Of , United Kingdom , North Korea , Charlie Hebdo , Angela Merkel , Bloomberg Julia , Randall Stephenson , Fu Julia , Julie Hyman , Fu Julie Hyman , Nestle Julia , Jerome Powell , Bloomberg Julie , Tom Wheeler , Kim Jong , Rex Tillerson , Roy Moore , David Gura , Brian Nowak , Paul Ryan , David Westin , Seen Group , Technology Big , Group Day ,
This morning. Robin winston is tracking the roads as you head out the door. And will tran is at the scene. Lets go to will first. Thanks will. We will check back with you through out the morning. The morning. Through out with you check back we will thanks will. Thanks will. We will check back with you through out the morning. darya mark and we continue our Team Coverage as robin tracks how its impacting the commute this morning. Major hot spot on wb 580 at eden canyon fatal accident blocking all lanes. Traffic being diverted to the offramp. Take 680 north or south or bart robin and we first told you about the deadly crash through our mobile app. We sent a push alert at 4 50 this morning. Make sure you download the kronfour news app to always get the latest breaking news. Its free for iphone and android devices. james its cooler this morning as temperatures drop to the 50s and 60s. A deep marine layer is pushing clouds and fog into ....
In beijing europe is weak and claims a little higher than expected. The twoyear is at a nineyear high our road map begins with retail movers macys and kohls moving in different direction. Plus, more media m a intrigue the future of at t and time warners deal is in question as the department of justice asks for changes and the two sides may end up in court. And futures are slipping. Markets are awaiting more on tax reform today, as we digest a number of earnings movers. So lets kick it off with jim, who is at west point today, ahead of a big show tonight, jim. And were looking at some early weakness this morning, some attributing it to the increasing difficulty between reconciling what weve gotten from the house, what is being marked up, and what the senate is eventually going to tell us on taxes. Well, im continuing to be very skeptical im looking for a repeal and replace here in other words, i just dont think that theyre going to be able to get it together anytime soon but you know wh ....
From there in london. The markets appeared to be settling down and we are joined by outstanding guests today. Led by bill gates. He would join us to talk about biotech and drug pricing. Alix cromwell we be joining us more regulatory hurdles facing the banks. But first, we have a slight rally on the table for today. Jonathan features are firming up about. 2 and the ftse is an positive territory and raising all of the post brexit gains. He dax is up as well i want to talk about what is happening in other asset classes. Boris johnson does not run and cable jumps, the pound a stronger marginally. We will discuss why. 1. 52 . Unchanged at we are heading for the strongest quarter for crude since 2009. To wrap up all of the stories, lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Anna redwood is in london on the race to succeed Prim ....