Technology. Julie hyman is with us to explain the markets. Lie we are seeing the biggest drop in maybe a little over a month, but that is because we are not seeing big drops. We are seeing small, incremental moves. Today, it is a matter of riskoff sentiment. Just to put the drop in perspective, we have got an interesting chart on the bloomberg. I do not know if we can call it up here we go. 500, the s phe s p fell at least 2 going back a decade. As you can see, it has become much less frequent. You see the magnitude of drops. We have not even had a drop in 2 , and it has been since last year since we have had a drop of 3 . Sell us have become much less common than any kind of magnitude. Lets go back to the semiconductors. Apple is cutting orders of the. Phone 8 and the iphone 8 the stock is down. 7 . All of the apple suppliers are trading lower. As for the earnings side of the equation, we have got the pressure as well. The staples of producing well, Phillip Morris is the worst within
Industrial average are unchanged. The nasdaq moving down a little bit. Inre is very little volume equities. You might expect that after a holiday weekend. Function ofhe svs that breaks down volume in the index by industry. For example, in yellow, industrials, they are trading 37 less volume than they normally would on any trading day at this time, over the average of the last 20 trading days. That everything is down. The only thing trading up to the 20day moving average almost is utilities, because you see the big defensive stocks gaining today. Downl stocks, oddly, are after this. You very little ball volume. What about other Asset Classes . Matt equities can sometimes be boring. Be amazing. This is an intraday chart of the euro. 1. 567. The euro coming down against the dollar. Were waiting for mario draghi to pull out his big bazooka, whatever it takes to whatever you think he is going to do, he will do more. In the fed is going to raise rates. Money coming out of the euro and into t
For a monday morning. Here at post nine on a day where were going to put the month of november to bed. First up, sue herrera has news at hq. Going to try it again. Will file for an ipo according to sources quoted on dow jones for 2016. That ipo will go off the board apparently. The valuation of the exchange operator, more than 2 billion. You might recall the first attempt by bats to ipo was in 2012 but it was derailed because of a software glitch. Theyre going to try it again some time in 2016. 2 billion is the estimate on the Exchange Valuation and theyre expected to file the prospectus as early as september. Joining us this morning from palo alto, the cofounder of elevation partners, roger, good to see you. Always great to be here. The cyber monday. The new normal for Holiday Shopping. The survey found that more people shopped online than in stores other the weekend. Accord to adobe, people spent 4 billion online thursday and friday. Up 14 year on year. After a more than 20minute out
Former Black Knight CEO Anthony Jabbour could receive a $40 million bonus if a deal to sell the mortgage technology company to Intercontinental Exchange Inc. is completed.