Call it a 25 million what if why new comments from President Trump have the media folks getting social media on their side over exxon. And later on, steal a xwas gebaa taco why fans have a new reason to tune into the world series and why prices are sky high for the seats. It is thus, octobuesday, octobe this is boais worldwide exchan got too much time on my hands all right, good morning, good afternoon, good evening from wherever you may be im Brian Sullivan throwing out a little styx and here is another song quote see if you get it. 2020 24 hours to go and maybe the markets want to be sedated that after yesterdays 400 point haircut for the dow and 1. 5 drop on the nasdaq the markets nervous about the nancy pelosi imposed stimulus deadline in 24 hours and maybe also starting to think about much higher taxes if we see a blue sweep but right now, the futures are reversing just a bit not indicating that they will gain back what we lost, but dow futures are up 150 and of course context alw
Pointing upward the wall street journal is calling the last four months a melt up and thats what it looks like. Dow up by 83 points. S p 500 looking to open 12 points higher. Treasury yields as well. Were at. 572. Theres a mix of what theyre thinking and what the equity markets think, right melissa okay we have a we will work on the audio and hopefully get that a busy week ahead. A twoday fed meeting with a policy announcement. No major change is expected. That will tell you that but investors will watch for clues about what the central bank might do next and then on the corporate front earnings season kicks into overdrive 167 of the s p 500 companies will report. Well hear from 12 dow components and among the names likely to get a lot of attention, apple, amazon, boeing, mcdonalds, 3m, exxon and many others. This is if you like earnings, if youre excited by earnings this is going to be a big week. So far this season we heard from 128 of the s p 500 companies so well more than double t
Court today trying to get his Sexual Assault conviction overturned. The comedian is serving a three to 10 year prison term in pennsylvania. Cosby claims a 2004 encounter with a young woman at his home was conventual consensual. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Argentinas president Mauricio Macri losing a primary vote by a landslide with the october election looming. Markets are taking notice. Default risks are soaring. Northern argentina, u. S. Stocks are dropping on thin trading. At and executive spent tens of thousands of dollars on a new name. All that in the next 30 minutes. Abigail doolittle, we are halfway
Lisa and in the meantime, preparing for that washington d. C. Ceremony for july 4. David and if you dont want to watch that, you can watch the boston pops. Lisa right now we have a rather muted tone in markets. Nasdaq futures indicated slightly lower. In europe, a little bit of a gain. The euro gaining over the dollar. Cave on the part of italian leaders to European Union leaders on the part of their budget. David leaders getting something done. Lisa maybe. For now. David we are joined by lananh n guyen and michael mckee. Even as we are speaking, we have European Union Leadership Meeting once again in brussels. Michael well, they are supposed to start meeting, but they may be watching our show. Lisa but slightly. [laughter] michael they are struggling to come up with a compromise. Germans and french seem to be working well with the dutch to come up with leadership for the various commissioned posts, but the italians and others in the periphery havent cooperated. They dont want to just
But to educate call me or tweet me jimcramer this market cant make up its mind it goes down on the chinese stock market getting hammered and rallies on news President Trump is dropping tariffs on aluminum and steel on canada and mexico and gets slammed again maybe as soon as this weekend. Dow only losing 99 points. S p back sliding. 58 , bit the nasdaq budging 1. 4 . Hideous. Which move is telling the truth . The rally or the selloff . That decision depends on how the game plan for next week plays out. I think this weekend will be the moment we start hearing about the president forming a coalition against china. I call it a coalition of the willing, but hes perfectly fine with coercing the unwilling. Thats why he gave europe and japan a six month stay of execution on the auto tariffs and excepting canada and mexico from the aluminum tariffs. When we come in on monday, were going to see the same dynamenica we saw this week well reward companies that dont source china thats what the pres