Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im court couney reagan in f sara pleasure to have you with us. We did see declines yesterday of about a half percent across all three of the major averages. Today we are bouncing back a bit. The dow up by 20 points or so. Worth noting that all 11 sectors of the s p were lower yesterday. A broad selloff. Telcos taking the brunt, down more than 2 tenyear treasury note above 2. 4 this week if we have a look at it this morning, its still year yields slipped a bit 2. 44 yesterday 2. 42 today. Looking at whats going on overseas asian equities mixed overnight we saw mixed market in china south korea down a half percent. Shanghai up about a third of a percent. And we saw in japan the nikkei led by financials and automakers the messaging service line up 17 on earnings. That was one i wanted to point out. We also got data out of south korea where the gdp grew 1. 4 in the Third Quarter. Thats the fastest pace in seven year
Steady as shery goes report. There was not a lot of weakening. There was an interesting anecdote that jumped out at me. In the new York District trucking analyst noted there is a shortage of Truck Drivers that firms do not have enough Pricing Power to raise wages. It gives you a microcosm of what the economy is healing with right now. A lack of workers were unable to raise wages because Consumer Spending still remain soft. David any signs of inflation of note . Not much. It was mostly described as it remains light. Not much of a pickup in inflation and hectic going forward. As mrs. Dealing with Pricing Power. Not much signal in terms of a shift. David thank you. We appreciate it. Now we will see how the markets react to the headlines. Julie it did not look like it would be market moving, and indeed, it does not look like it has been, the beige book headlines in terms of the equity action. Taking a look at the bloomberg on bonds. ,ot thing much of a reaction which is not unusual. All th
Oklahoma. Its still unclear what ingredients are responsible. Airports getting busy, many dont have to worry about Winter Weather. Much of the east coast will see recordwarm temperature this is week like 70degrees on Christmas Eve. Holiday forecast is coming up. Detroit beating new orleans saints, it was the saints quarterback drew brees making headlines this morning becoming fourth quarterback to throw for 60,000 yards in his career. All that coming up. First breaking news. National polls on the 2016 president ial election blake berman in washington right now with all the details. Good morning, blake. Blake donald trump, ted cruz and everyone else. Here are the numbers. Trump is at 28 and cruz hits highest mark yet in any National Poll to date at 24. Marco rubio and dr. Ben carson continue to be the only others in double digits. Now while trump continues to lead the republican pack, listen to this, maria, his appeal nationwide appears to be a different matter, this poll show that is 5
Welcome to sportfolio, bloombergs weekly inside look at the business of sports. In july of 2010, hollywood producer peter guber and his partner bought the Golden State Warriors for 450 million. It was the highest price ever paid for an nba franchise. Since then, they have gone from perennial losers to bona fide championship contenders. The franchise has recently been revalued at 800 million, nearly twice what they paid three years ago. Did anyone see this coming . I sat down with and found out what he knew in 2010 at the rest of the world didnt. It hadnt been properly developed. I dont know that we knew anything more than the average fan, i was a fan for 20 some odd years and i thought there was a tremendous opportunity if someone were to really pay attention. When you bought the franchise, concorde was ok, but now you have almost double the waiting list for season tickets. Winning helps, but it can explain all of that. We have done something that you are doing any business if youre co
Shareholder is describing carl icahn. He is called a rater trying to cash. Im ron burgundy and i will read anything in the teleprompter. It seems the anchorman has been everywhere, lately. He has the viral marketing blitz, a new business of buzz. Breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. We dont know yet, but one candidate who may be fading is forbes ceo mullaly. There were concerns about his lack of technology experience. They want a new ceo, ideally, before the end of the year. Tom giles, good to see you on the east coast. It is like bloomberg east here. This is a big deal. They are busting the phones to find out what they heard, tell us about it. It turns out we found the name of the person, he is the coo of qualcomm. A well regarded company and has done well in terms of the stock price and growth. They are a leader in wireless technology, specifically the chips that a lot of phones you and i use. Microsof