Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
It disappointed greatly. About 500 and continues to rise. Delta also had a knockout quarter thanks to do messick demand, lower fuel prices thanks to domestic demand, lower fuel prices. Smile direct club is getting into direct company should with its main competitor. Guy european stocks are up a little bit. Oil acting as a little bit of a drag. Definitely the focus on the u. S. Banks. In terms of volume, we are ok today. German tenure backing away from the zero line. Cpi data out of the United States seems to have given the arrow a little but of a bounce. 1. 11, butl north of only just. Vonnie wells fargos quarterly profits slumped. Citigroup beat expectations on 49 fixed income surge. For more, lets bring in allison williams, bloomberg senior bank analyst. From, say, share Morgan Stanley and other banks . Alison we will soon see. At this point, the numbers are so strong. Jp morgan is the leader in that business. 80 from aup 75 to year ago, depending on if you adjust the number. That wa
Roku tumbling on a downgrade, wells fargo, deere also getting undercut. The Investment Committee is ready to go, Halftime Report starts right now it is good to have you with us on this monday, our Investment Committee joe chernova, jim lachb that will, Jenny Harrington is the ceo and portfolio manager, rob seechum is back, one of forbes top 100 financial advisories stocks are on pace for the best year since 2013. Tech, small caps also posting their best month since the summer, we enter december with a lot of momentum, derailed for the moment by an ism manufacturing report that throws into question that the industrial economy is bottoming and a headline from wilbur ross that says tariffs will be increased if there is no deal by december 15th. Thank you very little. Yeah, well, we came in position we strong and aggressive for further appreciation, but you have to Pay Attention on a day like today to your point when you get the ism manufacturing, it reverses a lot of the optimism we were
As always, you can find background and analysis on all our top stories on the bbc news website. Log on to bbc. Com news or download the bbc news app. Now were crossing live to singapore for Asia Business report. I the iphone goes pro. Apple unveils its latest range of devices but will its latest range of devices but will it be enough to beat the competition . Battery powered porsche sports cars electric models makes its frankfurt motor show debut. Good morning, asia, hello, world. It is a wednesday. Glad you could join us for this midweek edition of Asia Business report. I im rico hizon. We start off with apple because the Technology Giant has just unveiled its newest devices at its headquarters in california. But this year, the threat of new tariffs loomed over the companys Product Launch event. And even without that, some say apple is not innovating fast enough. To justify its some say apple is not innovating fast enough. Tojustify its high prices. We were there to get up close with
Apple has launched three new iphones, a new ipad and the 5th generation apple watch. It also revealed that its arcade Gaming Platform and Apple Video Streaming Service will cost 4. 99 a month each. Features on the new phones include faster processors but focus mainly around the cameras, with the top model having four, one on the front and three on the back. Interesting, but many would argue apples future is now about more than the iphone. Sales at the tech giant rose 1 to 53. 8billion in the last quarter but iphone sales represent less than half of com pa nys overall sales for the First Time Since 2012. Our north America Technology correspondent dave lee was at the apple event in cupertino and got to try out the new devices. This is the iphone 11 pro which this is the iphone pro which is the more expensive version of the new set of iphones. This one is the max version, the bigger version, of the three. You notice, compared to the iphone 11, you notice, compared to the iphone, there you