Stay updated with breaking news from Fast oil. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 ....
Rishaad looking at the state of the markets, in flux in this part of the world. On wall street, equities ending a winning streak, and this time we cant point the finger at the bond market. Earnings are the primary culprit this time around. A major blow as it has really had some missteps taking on amazon. Haidi a pretty mixed picture going into the proper asian trading session that is underway. We are still watching the bond market. A huge week as u. S. Markets came back from president s day. We had a round of treasury auctions. Take a look at this chart. Pretty staidlly a session. 2. 9 ,year hitting about inching closer to 3 . Twoyear, twomonth and threemonth, they went up to rates we havent seen since 2008. Something of a litmus test in terms of how quickly and how disruptively these yields could rise. It is not how high the yields will go, but how quickly the bond markets will selloff, that will have implications. We will have that 30 minutes away from the open in hong kong. Singapor ....
Leadership meeting in brussels which is still under way. We are going to take you live for all that. So many concerns yet seeing this rally. If we stay at these levels will probably be the biggest singleday reverse ideal in four years. Economist Thomas Piketty has a message for Angela Merkel. He says history will remember you for your actions this week. Hell join us live in a few minutes to explain why he believes not helping greece would be hypocritical. The big banks unveiled their living wills. These are the plans how they would handle bankruptcy during a crisis thats mandated by dodd frank. Dick bove will join us to tell us why he believes these wills are a negative for the u. S. Economy and calls it a dumb idea by the government. Another positive fitbit rating. Well talk to the analyst behind that call whether the company has already gone too far, too fast. Im not making ....
Well see if the fed numbers have any effect. In our road map this morning. Tesla slapped with a downgrade on valuation. Well hear about the companys future from the ceo. Microsoft set to cut more jobs. And apple watch sales plunge 90 . Well run through some of those numbers. First, futures are up sharply. Steps by chinese officials to stabilize markets and restore Investor Confidence failing to start the slide. A lot of the trading, brokerages people are obviously upset. Companies are being asked to buy their own shares in the national interest. Its getting interesting. I think that its terrible. I think that i want to be really clear about this because panic is a bad, not a strategy. Someone was saying on twitter, is it a falling knife . This is 100 signwayteinways coming at you. And this market is a little bit bigger than we thought. Its only 40 of the gdp but there are some horrifying statistics and these numbers are all p ....