Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T
Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically
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