En jon was point thag out. When you look back at yesterday, wow, it sure looked like that was what was driving the market on friday and what we saw yesterday in the morning, then we flip back over. Not saying its all clear, but what im saying is go off of fundamentals and facts, whether its the fang or other names, they were being sold off unjustly because what was the exact news out there of why everybody was getting out . I dont know that we got an exact story behind that. Unjustly. Look how much the stocks have run. That doesnt mean theyre overvalued though. When youve got growth and strength and the fundamentals, doesnt mean necessarily, just because theyve gone up 30 , that they have to krek at this point. Hes got a point here in terms of the reason on friday. At least aprompt mat rb was the Goldman Sachs call now, thats somebodys opinion they questioned whether fran was overvalued to answer the question thats at point here, it feels like this is over feels like we had a two three
This is bloomberg surveillance. Francine lacqua in london. They are leaving their key rate unchanged at 0. 5 . This is also interesting because they believe the forecast is little changed since march. We are keeping an eye on this. We were expecting a little bit of news. Nina region the more krone lower. We will ask him about veterinary chart. It is currently at 9404. You can see yen climbing once again. Goal climbing because we are seeing oil. It is the second day that oil is languishing in the bear market. Gene keady can see the stoxx 600 down 0. 4 . Now, the chief Investment Officer and partner at London Capital group. Theme kick off with the on norwegian krone there was some concern that the precipitous drop in oil prices, the fact that norwegian inflation is well below their target, could potentially make some more cautious in their outlook. The headlines are suggesting they cant their outlook little changed. There were some in the market betting on more dovish outcomes. These are
More components reporting earnings today. Europe is mostly green and german wholesale inflation is at a six year high. And got some reassuring comments in the saudis yesterday. We begin with a big day for earnings. Verizon, black stone, travelers all reporting this morning. Bill oreilly is officially out at fox. So what does the network do now without its biggest star and are even more big changes ahead . Bizarre letter and a soccer ball seems to be behind kleinfelds ouster from arconic. And amex is going to do its part, rising in the market and helped by an increase in card member spending. On the flip side, verizon and travelers each posting earnings misses and i think fast called it the ding in the dow. Goldman, ibm. Today might be verizon. Verizon is clearly a disappointment. Travelers i would tell you you have to see through the catastrophe. I like the number. I know thats not necessarily todays business, but travelers had a good combined ratio. Very good underwriting so keep that
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