S p 500 higher. Groups leading gains include stayathome stocks, consumer services. Oil after inventory close to 41 per barrel, big drawdown way more than anticipated. The 10 year yield up. The dollar index continues to weaken. Plenty of strength in euro. We will talk Canadian Dollar in 10 of 1 after the decision from the central bank. Ministers agreed to boost oil output. This will be offset by members that did not fulfill commitments in june, such as iraq and nigeria. The saudi minister sees a ceiling. Ellen, this was the deal agreed to by members. Will that have any impact on members for those countries so dependent on china . Ellen that is a huge question. According to the saudi oil minister, not a single barrel will be exported extra in august compared to july. He perceives saudi arabia will consume extra barrels produced domestically and while the price people in saudi arabia pay for oil cost has gone up recently, it is not merely what the saudi government would get if they were s
As well as up. Romaine you really have to go back to the lows we were in in march. What was an improbable rally of 40 less on the major indices, even with the big selloff, if anyone used february and march as an entry point, you are still up 20 . Taylor in the last hour seeing this final hour of trading was crucial. To see yesterdays big selloff was or something indicative of more selling to come. This last crucial hour, really important to show us where sentiment is. Speaking of sentiment, look at this chart. I wanted to give you an update because we talked about the record low ratio on the put call back to the earliest this week back in nine years back to 2011. We got an update, the ratio is right in line with the one year average. Fear would be higher if the put call ratio was higher. You are not getting the type of fear perhaps we were starting to see yesterday. Lets take a look at the individual stocks that were moving, lululemon, i always want to see what is moving to the downsid
Of High Frequency data we were waiting on. Example, the sox index, why is that rallying . Abigail it has mainly to do with trade optimism. A good portion of the Chip Companies from china, a good portion of the supply chain. Investors hoping the important shift is coming out of the bottom and phase and if 5g goes ahead, that create a major upgrade cycle. However, it does look frothy, so it is important to keep that in mind. Are investors getting ahead of themselves . Last year was a bad year for managers. As we go into the end of the year, you have to think managers want to lock is one in so they can have a good year after a bad year. Vonnie thank you. Kevin. Kevin volatility never stops. Now to this weeks historic vote on impeachment. Lets bring in our Clinical Panel of genevieve woods, spokesperson for the heritage foundation, and basils michael, former executive director of the new york state democratic party. Genevieve, i will start with you. In terms of impeachment, and terms of th
Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional indexes are down further. The dax, for example, down. 6 . Down, as yous are would expect, with a big drop in netflix in overnight trading. Netflix said u. S. Users actually shrunk, shocking the market. Dragging on and adding to an already bad earnings picture. The u. S. Dollar is down. 1193. 55 and other currencies, especially the yen, are getting momentum. Coming up, we speak to the chief officer of a lecture looks electrolux. There are a slew of earnings coming out and it is moving the needle. Lets
Suspects in last octobers killing. A record 71 Million People have been displaced worldwide war, persecution, and other violence. U. N. Refugee agency said today that is an increase of more than 2 million. From a year earlier for the first time, venezuelans fleeing runaway inflation and clinical to hormone accounted for the asylumseekersof and 2018. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Buy from bloomberg world headquarters, im taylor riggs. Tolive in toronto, welcome markets. Nejra here that taylor here the top stories we are following from around the world. Trump once one. Wall street banks point to a datadependent central bank. U. S. Equities are holding near highs. Global yields covered down near record lows as we count down to the fed. Crying foul. President trump is on the war path towards currency manipulation. How effective is it in improving an economy . We