Radio and television, worldwide across this nation, the beginning of the new year for business. The tuesday after labor day marks a new beginning for wall street. Abramowicz,d lisa what a beginning we marked with new volatility. Touching new lows moments ago on nasdaq features. Jonathan nasdaq features down more than 1020 . We are still up on the year by more than 30 . Some of these companies are performing well for a good reason. They have done fantastic through 2020. Really strong transformational forces accelerated by the pandemic. It is about the price of the story, what price are you willing to pay. Am what an odd market to see 10 year yield in three basis points, three year bond 1. 43 as well. Substantiallyoil lower, it has been off the radar for weeks. Texas. West here are correlations tangible. As you mentioned earlier, tons of supply coming on, that is all that new fiscal debt. Get 50 are going to billion of treasury, it is a record amount. This leads off of a heavy supply of
Routes in the u. K. Is incredibly difficult. As a result of which, to be in a for Francine Lacqua this morning. Lets have a look at the markets honest, this is something that then. Was probably always going to happen. Tom as an american, i would the stoxx 600 is down by. 2 . Suggest that may be possibly we opened in positive territory because the Railroad System is lifted with talk to come. So darned better than ours. Flybe we will talk much more about that today. That puts the virus front and sentiment from center. Its get to first word news with the trading day. Viviana hurtado. Countries are ongoing headlines are weighing on things at u. S. Futures are pointing negative. Tightening travel restrictions to contain coronavirus. There are reports japan will quarantine all people arriving this is the picture on oil markets. From china and south korea. Focusedthe brent price, australia has also added south korea to its band list. On the opec plus meeting in declaring a state of vienna. I
May. Ease trade tensions. This is the euro stoxx 600,. 8 her, eurodollar 110. 2 1. 1024. 1. 78. S. 10 year yield up at theup, the president Info Institute for economic research. It is not having much of an impact on eurodollar. We will see what that means for the health of the european economy. Thatn Business Confidence 95, in line with continent estimates. Lets get to the first word news in new york city with Viviana Hurtado. Green to buy is a tiffanys for over 16 billion and the deal is for 3500 a share. Lvmh isnt as dominant in jewelry as fashion or cosmetics. The taiex gives it access to 160,000 hearings 160,000 diamond chains and the deal is expected to close 2020. Michael bloomberg is running for president in 2020, joining a mix of race and brings a moderate policies and experience and business. The 77yearold says President Trump is an existential threat to the u. S. And its values. Michael bloomberg is the founder and majority owner of bloomberg lp, the Parent Company of Bloombe
Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua in london. 0. 6 . 600 gained there is a fine thing going on in the market. If we look at last week, there was a huge volatility reserve. Have yields rising equities rising at 12 eurodollar, 1. 2492. The yen, we have a lot going on in the japanese market. Coming up on bloomberg , we have an interview with the Standard Life ceo, Martin Gilbert, after shares were hit this morning. , we are joined by the ceo gen. We also speak with diego entini, formerly of amazon and lets get to first word news with nejra cehic. Nejra president zuma has resigned, ending a 10year run hard by scandals. He disagreed with the ancs decision to throw him out, calling his treatment unfair. They must ric choose a replacement for him in 30 days. In mylife should be lost name command also, the anc should never be divided in my name. To thetherefore come decision to resign as president of the republic with immediate effect. Nejra Pre
Where theres you know, theyre used to a lot of cold weather. Theres a lot of soul searching going on inside the ioc. We have curling we have curling i watched that in person. It was very tense really tense once it was the eighth frame, they went up five points you sort of knew what was going on we had a guy sitting next to us doing his own play by play which helped in terms of some of the rules. Did you edit the Cross Country tape were you okay on this . I didnt fall so its like downhill kind of did you go up any hills its more like ice skating. All right welcome back. Lets check the markets after yesterdays 400point rally for the dow. The blue chips are up 10 since the lows of february 9th the nasdaq up more, its recovered all of its losses. Nasdaq 1 from its high that it hit back on january 29th the dow is still off by 3. 5 from the january 26th highs. Look at whats been happening this morning in the u. S. Equity futures. At this point, you can see where we are the nasdaq off by 1 th