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Transcripts For BLOOMBERG Bloomberg Markets 20160204

Viacom . Straight to the markets desk, where julie hyman is looking at the final read of durable goods orders in a market that seems relatively calm today. Julie relatively calm, that is the key word. ,e are seeing a drop of 5 bigger than the initial reading of 4. 5 . That is a little bit larger than the original read. Excluding transportation falling by 1 . When these numbers initially shock,t, that created a ,ne of the first pieces of data more of a bumpy one on the economic front. It seems calm her on a relative basis. If you look at the stocks i am moving at the moment, a couple of the big earnings stories. , telestrating lower. The big story is not just Conoco Phillips trading lower. The big stories not just the earnings report. Cutting Capital Spending after reporting its biggest quarterly loss in almost a decade. And why this is so important is a lot of the oil majo ....

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