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the ecb discussion of possibly tapering markets through markets for a loop. federal reserve officials saying a rate rise is likely to you have that an economic data that came in better than estimated. durable good, factory orders, and the isn nonmanufacturing. the measure of the services economy coming in at an 11 month high. that is where you saw the leg up this morning. seeing on the two-year yield, 0.85%, at its highest since june 2. we see the change in perception again about what could happen with rates this year. that is reflected in fed funds future and the probability priced in for rate hikes before the end of the year. after back up at 61% falling closer to 50% several times and it was below that even as recently as august. we are seeing those perception increases with yields going up, we have seen financials benefit. bank stocks have rebounded today again, jp morgan, citigroup, wells fargo, they have moved not necessarily a one to one correlation with what h ....
holding talks about its options including an asset management ipo. what will it take to restore confidence? and a spinoff, energy goes public, pricing at the top end of the range. in europe s biggest ipo. we will be speaking to the company ceo. isoline: the ftse 100 higher. the outperform or because of the flash crash of the pound. aversion to all about the great british pound once again. little bit talk a about what is going on with the fair value in what is happening with the pound. the pound having an impact around the world. and it will have an impact on the ftse. if there was ever a chart, there it is. the flash crash of the pound rippling around the world. you do not have the british pound sitting up your very often. down by 1.23%. that is where we are trading. seeill be interesting to how this ripples around the world because of the performance. we will find out whether the ftse enters a bull market today. at the moment, fair value suggests not but we are getti ....
i m wilfred frost alongside courtney reagan. good morning. good morning to you. you had quite a busy 24 hours. we have, indeed. we ll get to those specifics in a moment. let s hit the markets. it is 5:00 a.m. on the east coast. but first breaking news. the u.s. military launching tomahawk cruise missiles against radar sites in yemen. this comes after incidents earlier in the week when the ship was fired on by a rebel controlled area. we ll have headlines on that for you throughout the day. markets, as you can see right now, pretty soft. we re down over 100 points for the dow. 108. the s&p down 14.5. nasdaq down about 30 points. significant weakness off the back of yesterday when we were broadly flat. we did have the minutes from the fed, they didn t change expectations. we re still looking at a 66% chance of a december rate hike. so, in the end, a relatively mixed day. but broadly flat. down about a half percent to 1% for the week as a whole. the nasdaq is the lag ....
they said they reached a deal with the pharma company to protect hundreds of spanish athletes. york, i am mark crumpton. emily: i am emily chang and this is bloomberg west. the japanese messaging app would like to make its mark. the. could. deliver the biggest tech ipo of the year. clinching the nomination. hillary clinton is 28 delegates shy of clinching the nomination but there are signs that california may be feeling the bern. mostome of google s promising moonshot s maybe hatched in its life sciences unit. our lead. just when you thought the tech ipo pipeline was dried up, the japanese messaging app is aiming for what could be the biggest tech exit of the year. the on demand meal kit startup, blue apron, is said to be taking its first steps toward an ipo. thansiness has raised more $100 million in a tech ipo this year. ceo david is our guest for the hour and alex barinka joins us with more. let s talk about line. a coupleinally filed years ago at a potential $9 bi ....
against the dollar on a vote to exit. and terror in florida. what impact will the deadliest mass shooting in american history have on u.s. and european politics? morning; we are less than half an hour away from the european open. we know asia is having a horrible session, but europe had a pretty bad session friday, although it looks as if the theme will be carrying on in europe. this is the fair value calculation we had this morning. euro stocks down by 1.47%. london called lower by 1%. down.wn, dax matt, looks like german equities are going to feel it s pretty hard this morning. were off by 2.5% on friday as well. matt: that s right. a continuing risk off theme. where is that money going? partly, it is flowing into currencies that are seen as safe havens, which includes the japanese yen. you can see we are down below yen, whichove on the is a big move, i remind everyone. asia, equity markets continuing the downturn we saw in europe on friday, and the u.s. as well. but ....