From the bloomberg terminal. Most improved player. President trump softens his criticism of Jerome Powell but the two disagree when it comes to negative rates. Traders price the fed going subzero early next yeek. Italy doubles down the government passes a much delayed 55 billion euro stem luis package but is it enough . Watch the b. P. Trade today. And america first. Or is it Americans First . Sanofi says the u. S. Will be first to get its Coronavirus Vaccine. It took the most risks in terms of investments. Well speak with germanys merck at 8 30 u. K. Too many. Were just an hour away from the start of cash trading in europe. Futures are pointing lower. 1 drops on the major equity indexes. Here you can see ftse futures a little bit worse than the continental indexes. Take a look also at the half percent or last drops that we see in u. S. Futures after big losses yesterday. U. S. Markets fell to a threeweek low and now were looking at a possible riskoff thursday as well. Anna . Actually
Shares tumble as the Education Company announces the departure of the cfo and also leaving, telling cnbc, there are good reasons for the change hes at a different and earlier stage of his career. There are good and personal reasons why hes made the decision he has. British recruiter hayes citing tough Market Conditions renaults chairman says there is a strong desire to make the automakers partnership with nissan work and there is no stress to appoint a new ceo in the near term. Welcome to the show a lot to get through lets start with the Monthly Oil Report to bring you some of the headlines there. Global oil demand rose by 955,000 Barrels Per Day yearon year to 101 Million Barrels in october. Keeping Oil Demand Growth for 1. 2 Million Barrels a day on higher trade growth. No change on the oil demand front. Global oil supply fell in december due to saudi cuts and seasonal decline of biofuels some interesting commentary around the geopolitical tension, iea also saying the oil market has
Showing outperformance for second day running. Totally different market. That is the key thing. These results, it has a different feel than basically the entire year until now. Up until that was all tack and all defense. Energy up, industrials up, materials up. Lets dive deeper into todays action. Scarlet im think about the reversal you were just talking about. Choppy Market Action on the week especially around momentum stocks. And this is around the 50 Day Moving Average. Earlier we came close to breaching that short term momentum indicator p take a look at this one and half year chart of the s p 500. Arranged all the uncertainty around the macro factors, stocks stuck in this giant rage and then the more narrow ranges between the 200 Day Moving Average in blue, the longer term buyers and in yellow the shortterm buyers. Last year the s p 500 stuck in between those moving averages, then making it about the 50 day, once below and then the 200 day average once that was sliced and ugly fou
Shame on you second, it was a wild ride the dow finishing up and then finishing lower, all this because of what else, the federal reserve, fed chair Jerome Powell and other officials tempering hopes of a rate cut dow and s p posted their worst days of the month. It was the nasdaq, some of your favorite tech stocks took the brunt of the beating the faang, bit microsoft, alphabet, down 3 facebook off 2 . You get the picture. Guy adami. Yes, sir. Fracas, fracas, what do we make of what the action was today . Is that how sensitive this market is to the fed thats the refor t rhetorica question the fact that we get to 2950 again and again and fail, i think it is problematic. We do it when the vix gets down to 15, pete can speak to that, levels where the last six to eight months the market has topped out i think the market is overestimating the power of the fed. I think unless we get a trade deal, which i dont think were going to get, i think we roll offer at these levels. You just gave a lot
13 points. The nikkei was down. Closed down by a half percentage point. You did see that stocks were higher in china. Hang seng up by 1. 5 then this morning in early trading in europe, take a look things are mixed stocks are slightly low ner germager lower in germany and france. Stocks in italy down by 0. 6 then you have crude oil. Crude Oil Yesterday ended up down back below 58. This morning its up, but still below 58, trading at 57. 57 to the story of the morning the closely watched senate race in alabama, Democrat Doug Jones is the apparent winner there, though republican roy moore is not conceding just yet john harwood joins us from birmingham he has that story. Good morning good morning. This was a very big victory for the Democratic Party first time they won a United States senate race in alabama in 25 years a big defeat for President Trump and his party. Look at the numbers. Twopoint lead for doug jones. Roy moore has not yet conceded he said gods in control were still waiting f