Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Optionality. It is hard to see with the positive category is for markets today. This is bloomberg surveillance. Manus live from new york city this morning, for our audience worldwide, this is bloomberg surveillance alongside tom keene and lisa abramowicz, im jonathan ferro. Builds up, stocks down in the fx market. Tk, eurodollar, 105. Tom you go wow when you see a number move. I did a hat trick. It is wow wednesday across assets. Where do i begin . I begin with the real yield and the effect on the fx market. I never thought i would see this this quickly. Lisa are people getting a little over there skis here . There was two outcomes. Where was the base case of a consumer that was running out of money and potential for a recession . It seems to be off the table and some of the expectations even as we see signs of true weakness. Jonathan melted in terms of the objective of what this Federal Reserve is. I think we are at that point where we are starting to fully internalize this high for l
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in
Talents resorts and cruise ships worldwide. Have you found the domain signing. Pictures d. W. In your room you can price to d. W. Dot com travel quiz. The World Economic forum gets underway in davos switzerland where the keynote speech indias Prime Minister Narendra Modi three thousand participants are sequestered in a snowball in davos until the end of the week. Welcome to your business he is the first indian Prime Minister in more than twenty years to speak at the World Economic forum in davos Narendra Modi the live of the keynote speech on the swiss ways old aim to drumming up invest. One of the worlds Fastest Growing economies modi highlighted the six fold growth of his countrys g. D. P. Since the last time an indian Prime Minister attended the World Economic forum that was in one thousand nine hundred seventy the i. M. F. Has forecast seven point four percent growth for india in twenty nineteen beating china with only six point eight percent modis speech also focused heavily on ho
A kurdish perspective right here also coming up the ronda konami former opens with a keynote but indias Prime Minister that is or more the wards of his ballerinas to free trade just hours after the trumpet ministration slaps newtownards on imports to the us is christopher cool but is in davos with the latest. Paper out indian Prime Minister delivers a selfconfident address here at the World Economic forum globalization is under attack Narendra Modi says the World Society has a lot of benefits from indias ancient traditions and teachings of colbran davos i do have more from the World Economic forum coming up. Blast in the next sixty minutes a pretty level goes up in dry shares hundreds of socalled Islamic State find just heads home from the conflict in syria and iraq we have an exclusive report from chechnya. And the nominees for this is a. Cademy towards being announced we bricktown be also hopeful and ahead of the biggest night in college. Kind of a warm welcome to the touchy about tu