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Lot of money when you die, youre doing it wrong according to the author of a new book. Power lunch starts right now we welcome you to power lunch. Stocks lower the dow is down less than 50 points right now 3m and mcdonalds are two of the biggest contributors to that decline. Both reported results this morning. Well have details a bit later in the meantime, bob gets us caught up on whats been happening on the market today. Robert hello, william. Good to see you. We have one third of the s p reporting. Two stories. One is the reopening story is not going that well. The other story is cheer up. The Second Quarter was the bottom which is it . Sherwin williams knocking the ball off everybody is painting their house. The Home Builders are billing it dr horton, great numbers orders were way above expectations then theres the other side, companies saying we are not providing any guida ....
Of taking harsh new policy action against beijing and lets get to Kayla Tausche in washington kayla . Melissa, todays policy announcement by President Trump was essentially a doubling down on pretelegraphed policies that the administration had already announced. Today from the rose garden, President Trump said that the u. S. Would be terminating its relationship with the world health organization, that it would be suspending entry into the u. S. For certain students and researchers that it finds to be affiliated with Chinese Military arms, that it would be starting a study of the Chinese CompaniesAccounting Practices and exactly what their rol ....
Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year ....
Already in the25 books. Not a great quarter but we are ending the week on a slightly positive note. O far, the s p 500 is up. 75 the nasdaq is up. 6 . Smaller moves from earlier this week, and all told, the s p will be down on the week. To 37, so some better performance for that asset class. I want to point to the brazilian real. The Justice Department minister has resigned. Lets get a deeper dive into the markets with taylor riggs. Moves you mentioned the in the equity markets, and you are seeing similar moves across asset. The bloomberg dollar index getting strength. The 10 year yield, you are getting a drop in yields. In a 11tal markets said of the week, you typically see stocks go higher. Also getting in a 11 some weakness in highyield. Starting to see the equity market strength is not translating into the highyield market. You are getting some movement in the bloomberg commodity index. Yesterday, a lot of movement. That i ....
Time now for global exchange, where we bring you todays market was a news from all around the world. From beijing to riyadh, to paris, london, and washington come our bloomberg voices are on the ground with this mornings top stories. We started in riyadh come over saudi arabia released its latest in riyadh, where saudi arabia released its latest budget. Emco has significant value aramco has significant value. We have done everything by the book. We are very pleased with the feedback we are getting from investors initially. We will watch how the market reacts. I am very optimistic because the Company Value is very significant, and we will let the markets cover that value. Eldin, comegamal anchor of bloomberg daybreak middle east, joins us now. Sef Share Trading starts at 10 30 in the morning wednesday, 2 30 in the morning eastern time. I know you are going to stay up for that, a ....