Weve had confirmation of a monster deal. Ryanair, europes largest carrier, committing to the 737. Maxs. Oing to buy 75 737 this comes on the heels of that grounded,being un after the huge grounding following those two crashes. We will be talking to the two ceos of these companies at the top of the next hour. Alix this is your super bowl. I just want to point that out. Some data dropping right now as well. Ism men effect ring data for november ism manufacturing data for november. Mike mckee has that. Michael it is slightly less than we expected. It comes in lower than the prior month. The services pmi comes in at 55. 9 from 56. 6. Not much of a change. Still growing strongly, which is important because this is a Services Economy. New orders were down a touch, as is the business facility. 51. 5 from 50. 1. In the Manufacturing Survey earlier this week, we saw employment fall into contraction soritory for manufacturing, Rising Services employment is still good news for the auto for the ov
Evening. Ernoon, good this is bloomberg surveillance. Im francine here in london. Of course, its monday. To everyone out there. A lot of the focus is on what we heard from President Trump yesterday. Ideal way to actually reopen an economy is well. Uarding lives as well look at italy as today is the first what they call phase two. Actually day that its starting to slowly reopen. His is what your markets are doing. The focus is not just on european stocks, but on you can see european stocks down some 2 . Crude oil. Because of the rolling of the contracts and what we saw just a to le of weeks ago need spend a bit of time in terms of oil and what they see. President trump also blasting china. We troo i and figure out what that means for trade. Ell be speaking to our Brenda Murray very shortly. Now lets get straight to new york city. Bloomberg first reviews is we begin with the daily falling from the u. K. To italy. Hats as leaders across europe grapple with how to ease lockdown restriction
Within the s p 500 on a points basis. Goes back to the idea that the mega cap tech stocks continue to hold their own even with the cautious commentary. With more market analysis, lets bring back Credit Suisse chief equity derivatives strategist, mandy hsu. We are hearing from these different executives about the lack of guidance, lack of visibility. What is the take away for someone like you . What are you hearing from the commentary . Mandy i think the biggest take away from earnings is how little they matter for this earnings season. A lot of ceos are unable to give clarity, unable to give going forward. Much was from last quarter, which as you know, was very different. The most dislocated metric is still correlation, how high correlation is. Extremelyast week, an busy period of earnings, correlation increased back to the march levels, a sign that investors are still pricing this to be a macro environment rather than single stock focus. Romaine do you think there is anything that cou
Pinp rally pushed the dow into record territory. Today a mere 6point gain did the same thing. Record highs. D s p close at but the moves didnt come easy. Stocks wavered between gains and losses. But in the end helpe c from trade optimism, earnings moment up and deeson Economic Data. Today as i mentioned the dow rose at 6 points, now mat 27681. Nasdaq up 40, the s p added 7. T in f all major amples higher for the webb. The s p finished the fifth consecutive week of gains. But the big question for investors now is can stocks move higher . As bob pisani reports, the answer my lie in the bond market. Reporter beyond the ral in the stock market we have seen a rally in bond yields. The yield on the. S. 0year treasury notariesen sharply the past seven days invenors ha seen that move in bonds since before the 2016 president ial election. Now this recent spike in yields mass pushed bank scks back into ahi leade position with regional banks like coamerica and key cor hitting highs omile utilitie
Touch of. Music channels available to people to take action and most are turning to do some thinking for the next generation the idea is the environment series of global 3000 on d w and online. Is a new trade disputes brewing between the u. S. And europe the w t o is expected to greenlight significant u. S. Import tariffs on european products as punishment for e. U. Subsidies to air bus will have latest. Also on the show russias throwing venezuela a lifeline as american sanctions but by doubt the kind of a thorough regime stay afloat if the us remains hostile. And will show you how small or travel destinations are responding to the sudden bankruptcy. Holiday package of thomas cook. This is your Business Report im Stephen Beers in berlin thanks for joining us the World Trade Organization has given approval to the United States to impose tariffs on European Union goods worth 7500000000. 00 in response to illegal e. U. Subsidies for plane maker air bus thats according to sources close to