Equity board. S p 500 futures negative not even a 10th of 1 . Minors leading the losses. Switch of the board. All eyes on crude. Inching to the 50 mark. Wti 48. This is what i am looking at in the fx market. A dollar on the front foot. Switch the board and get to this. 14483. One pound, camp. The remaining 37 in the leave. The referendum is ahead on june 23. That is when we are now where you get one pool and you get the spike. Lisa it wasnt one single pole, there was building up to this. Jonathan a bit of momentum may be. David now lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Mike is an anchor of bloomberg surveillance radio. Cooks first trip to india. Matts house and joins us. Lets begin now with mike. This is the feds april meeting that and minutes of the fans april meeting are out today. , what are we looking at . Michael they have been trying to talk the markets of present time and we are finally getting some reaction. Inves
Roundup for the month of may. The s p 500 climbing 1. 5 . Surprising and to the day, the dow a significant laggard. Utilities leading the way, kind of a strange and unpredictable start to the week. Exactly. Oliver i want to start off talking about another weird stocks move. Look at the shanghai stock futures this morning before we came in. Speaking of starting off on a weird foot, a bit of a flash crash that happened in china attributed to selling on a hedging account. Obviously a big deal because of the dirt in the liquidity in the market. I think that investors are worried about the regulations the government is having on daily trading but here you see whats happening. Very little liquidity in the market, you have the kind of tips. Moving into the u. S. An interesting kind of move in the later half a day. Particularly semiconductors ending up. A big reversal, down 50 basis points at one point during the day. The only sector with above average volume, two other stocks least threees of
Found his candidate. Bernie sanders hitting california hard, forcing Hillary Clinton to cancel events in new jersey and rush to california a day early. Were just one week away from this critical primary that could really define the democratic race once and for all. Melissa back to the markets. Only handful of dow components in the green on the final day of may. The dow down 149 points at session lows, down 90, 88 to be exact. Phil flynn, price futures group, fox business contributor is watching action in oil and gold and lori rothman on floor of the new york stock exchange. Talk to me about todays selloff. What was the action . Most of this investors positioning themselves what is more and more likely fed Interest Rate hike this summer. Will be june . Fed funds futures pricing 21 that is happening or july. What is most sensitive to fed actions theyre behaving just like they did before the december rate hike which as you know was the first rate hike in that time in 10 years. Look at the
Event in brazil, the world cup. And iconic italian team thinks about a sale. The big business. Hiring freeze. Tomorrows jobs report looks like it could be awful. Why jack frost might be the most important player in the American Labor market. Good morning, thursday in new york city. You are watching Market Makers, i am Erik Schatzker. I am Stephanie Ruhle, jack frost i hate you. Out there. Were going to take you to the newsfeed. Top business stories around the world. The u. S. Imposing some sanctions in the wake of russia s oteri moves in ukraine. The Obama Administration issued bans on individuals threatening ukraines sovereignty. Ares of costco following, posting a quarterly profit that missed estimates. Costco cut prices to attract shoppers and that hurt. Being cuts coming at staples, the Worlds Largest Office Supply chain plans to close stores in north america. Staples faces competition from retailers such as amazon. Usa might be off the trading block. The ceo of Deutsche Telekom to