A trillion Dollar Company again. There is your round number. Romaine real estate and consumer staples. Youre going to bet on that or on apple . Littleht, lets dive a deeper with our markets reporters. Abigail, what are you watching . Wacky you called it earlier. I would agree. This is slightly risk off. This is a quarterly chart. Yellow is gold, white treasury futures, and those are bonds, and then in purple, we are looking at emini futures, and the main diversions point when the fed lowered rates back on july 31, old shot higher, treasuries took off. That is pretty much in play. Old is higher. Treasuries higher, outperforming the nasdaq 100 gold is higher, treasuries higher, outperforming the nasdaq 100. The First Quarter of the year when you have divergence like that among risk assets, you really want to think about it, especially considering last september, saira, with the nasdaq with its first monthly down quarter ahead of all of that volatility. The went to continue with quarter,
The fed has to show there on top of issuing, and then the broader issue is later on this year, maybe having a permanent repo facility that could address this and possibly expending the balance sheet. David a month ago when we heard from chairman powell, there was a lot of talk about uncertainty with respect to trade. We have more uncertainty now with the attacks on saudi arabia. We will hear more about geopolitical uncertainty. Carl they have been very focused on geopolitics and trade tensions as a reason to increase Downside Risk in the economy and having to lower policy to respond to that. If anything, those tensions have gotten greater in the last couple of weeks, not only with trade tensions continuing to build but also what we see in terms of Oil Price Spikes and geopolitical tension. David thanks so much. We will be watching with you in under two hours. Now we go to london in mark champion. It isarabia said unquestionable iran is behind the attacks. What comes next . Mark a very
His personal lawyer, Rudy Giuliani, and the u. S. Attorney general william barr, to look into his little look into his political rival joe biden. This is according to the rough transcript, not the exact transcript, and it has just been released. Lets get to chief washington correspondent Kevin Cirilli for more details. It looks like it is a rough transcript, and not all of the details. Kevin precisely. Right now we are just getting a link to the transcript of President Trumps call with the ukrainian president. Lets go through some of those headlines crossing the bloomberg terminal now. The transcript shows trump pushing him to reopen the biden probe, and President Trump at one point asking his ukrainian counterpart to look into joe bidens son. President trump also reminding zelensky that the u. S. Sends aid to ukraine, and that this is not a verbatim, but this was based off of notes and recollections of officials. A statement now coming from White House Press secretary Stephanie Grisha
Your top holder of u. S. Treasuries. Julyse holdings fell in 2. 2 billion. Certain that it is something that will come up in the fomc meeting tomorrow. What they think the u. S. China trade war means in terms of policy as well. Caroline lets dive deeper on the action. Abigail lets continue the conversation on energy that you all were just having and brent oil into the picture. Higher on theke attack on the saudi oil facility. What goes up must come down. Today, down about 7 . Huge whip saws. Come onthat supply has faster than expected. When we put this into the context of a longerterm chart, much ado about nothing. The with the exception of huge move down in 2016 and the big one up in 2018, between 40 and 60. Now right back down into that range suggesting that if there is a huge disruption for oil, we may have it continue on in this range. Sarah i wanted to take a broad look at the market where we stand. One way to do that is an etf that tracks these ipos, the ticker ipo. Performance h
Abigail . Abigail you were talking about energy outperformance. This leaves the russell 2000 and a positive spot in the near term, but the longer term, maybe still a bit cautious. A big fourthquarter selloff relative to the 200day moving average, the momentum indicator on bottom. When it goes above 70, overbought, below, oversold. The russell 2000 has been slipping downwards, and that slowly but surely says the buyers have been exiting in a very orderly manner. Right now, the russell 2000 back above the moving average, so in the near term, that is bullish, but it is sloping to the downtrend, and we have a series of parish lower highs, something to think about going into the end of the year and certainly into 2020. Renita . Renita taking a look at some of the big laggards, health care. Merck is dragging down most health care stocks, down during the session, and this all happened in wall street, including goldman, sounding the alarm to a potential drug pricing headlines in the coming wee