Points. Russell, the underperformers. Lets dive deeper into the action with our reporters. What were you watching . Abigail small moves for stocks, record highs, bigger moves for bonds. The 10 year yield down five basis points, the biggest move down, the biggest rally for treasuries. Lets into the context of a paul. By he said if the 10 year yield breaches the downtrend in yellow, that he would turn bearish. Could see the 10 year yield go up to 2. 15 . Mike in the Corporate Bond market, all eyes have been on this monster offering from add ve to purchase its to fund its purchase of allergan. It is the fourth biggest deal of all time. The biggest. Of the deer of the year the biggest of the year. If you look at the spread of investmentgrade bond, fell to a 20 month low of 104 basis points yesterday. That is according to the Bloomberg Barclays u. S. Aggregate corporate index. This obviously bodes well for what the bond market is really gearing up for. And that is what could be the biggest
Program two years ago, but lower courts blocked the move. Police in hong kong more the city is on the brink of a total breakdown. For a second day, they fired tear gas in the financial district and battle with protesters. Clashes continued late into tuesday evening. Protesters have called for more disruption to the citys Transit System on wednesday morning. While fires are burning at emergency level intensity across australias most populous state and into sydney suburbs. Authorities have warned most people in the path of the flames that there is no longer time to bleed. Flee. The world me a Logical Association classifies this as a , is atophic fire morning the top of the danger scale in australia, and probably anywhere. 10 of fireextreme days, how they measure the fire increased in recent decades across many regions of australia, especially in southern and eastern australia. Mark she adds it has been the second warmest january to october on record for australia as a whole. She notes th
We will bring you the latest on the showdown in the house of mouse. Im Katie Greifeld in new york, welcome to bloomberg markets. There is a lot of red on the screen behind me. You can see the s p 500 off by 1 . It does not help tesla absolutely dropping like a stone this morning which we will get to. Even worse if you look at the nasdaq 100. Your big tech benchmark off by 1. 4 . All the while you have a selloff in the bond market as well. You can see the 10 year treasury up eight basis points. We are just about at 440, the highest level of 2024. We have some breaking Employment Data in the form of jolt. Mike mckee is here to break it down. Michael if you want support for the idea the fed will be on hold longer. This is february data. The number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. The initial report wa
They want. Sure. Im head of federal public policy. You you have not heard of it before, website that thats people to businesses in places. Currently currently about a hundred and 42 million unique monthly visitors and 32 countries start 11 years ago. And as a part of that process connecting people it has also become a site for aggregating and assigning ratings. So for example we are here in washington dc right now. I think that the rayburn cafeteria has about a two star rating on yelp. Yeah. So whether it is restaurants or dry cleaners or plumbers or businesses in general or places in general they have a yelp page generally speaking and ratings that are there. And and it does not just apply for yelp. You have sites like trip advisor for travel and hotels and things around the world. You have a sock stock a site that has come up for doctors and finding out the best doctors the mighty around you. Google does it as well. Even facebook as well. If you go on to a business page you will see
Between 2005 in 2010 the Judicial Council notes parties recorded 2881 antislap motions in trial court throughout california 81 anti slap motions in trial court throughout california were roughly 481 motions per year. An appeal an appeal was filed in only 375 cases. Put another put another way nearly 90 percent of the cases no appeals while. And that is sort of given that there were about 6. 2 million civil filings and superior courts during that time the 2881 the 2,881 constitutes about i dont know,. 046 percent of all lawsuits. And thats just california. I think thats a good question. I that is for california. We dont know. This bill is a federal bill. We dont know anything about how many of these lawsuits are being filed in other states and federal court. Is. Is a good question to ask for before we pass legislation thats going to circumvent the rules enabling that and also expand the jurisdiction of federal court. How big of a problem is this goahead quakes one thing to keep in mind