Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Let us quickly check on the markets. Quite a lot going on. I am looking at the stoxx 600 in europe which is gaining a touch on the backs of gains in Energy Companies and a bullish outlook from one of the sectors bellwether. Looking at the dollar. And the fed and what we will hear from powell. Therude oil including impact of the opec meeting. We need to wait a little more to see how long we will cut production. A lineup our lineup today is looking pretty good. We feature some of the top names in banking and economics including Tidjane Thiam. We speak strategy and outlook on the Global Economy. And jim oneill. He speaks u. K. And emerging markets. Later, we will also speak with John Studzinski from blackstone. Let us get straight to the bloomberg first word news. Nejra in the u. S. , the Senate Tax Bill is headed for a debate. Should it pass, Republican Leaders will have to hammer out a compromise. Two republican members of the senate what your say they may not agree to vote the measure
Again, its a hit and miss. We will pick up the system and its going drop south 4th 00 to 8 00 to 10 00. Going up to the lake county and parts of sanoma county. You can see that in fremont and theres not a loot, but a little bit too. Once this system begins to go through, it just gives us the light rain. The heavier rain is on the way. Thats going give us a mostly cloudy day and light rain picking up this afternoon and tonight. The evening commute will be a bare more than the morning commute. Here is the man he is looking at his screen. That makes us nervous. Yeah when you do this for a living you say everything looks fine, but then something pops up. Right now were looking at the latest when i know it comes to road sensor s and the data that we get from the east shore freeway. It says 41 minutes. That just went up from 40 minutes. Things change by the moment. Average speed is 28 miles an hour. Now, we did have an aearlier accident on the carquinez bridge, so we have slow traffic as wel
Astronomers. Did you feel that . It happened. I hear thats super dangerous. Good morning and welcome to early start. As 5 00 a. M. In the east. Up first, it was an afternoon of horror for Holiday Shoppers in suburban portland. Police say 10,000 people were inside the Clackamas Town Center when a gunman opened fire. Mass chaos followed. Three were dead, including the gunman, and a young woman left critically wounded. The mall is supposed to be a place that we can all take our families, feel comfortable that this is a great place, especially the hole diday seaso like this. These things arent supposed to happen. Lets get right to the scene. Dan, what can you tell us . Reporter well, the main question this morning, and its really the question anytime you have one of these shootings, is who was the shooter, what was the motive, and were any of the victims targeted or was it simply random. At this point we dont know any of that. When we do know is it started about 3 30 in the afternoon, the
I am olivia sterns. Also coming up, it is complicated with carney. One year into the relationship, we see why he is behaving, like some say, like an unreliable boyfriend. And we look at how luxury can thrive in the digital age. First, we begin with our top story. Bnp paribas has been slapped with a record 9 billion fine for violating u. S. Sanctions. Frances largest bank will pay nearly 9 billion and says he deeply regrets the past misconduct that led to the settlement. Manus cranny has the details. Tell us more. Well, they said sorry. I think that is the first instance read they have also tried to reassure the market about what 9 billion means to us, to the shareholder, and to the staff. Gethe shareholder, you will a dividend, 1. 5 euros. Not as much as you thought the market was looking for two eur os. We are in no rush to raise capital. We can shoulder this burden. A variety of issues, but a sensible he looking at ostensibly, how much money did you make over the sanctions . How much