Kong independence and shouting stand for freedom, stand with hong kong. A federal Appeals Court heard arguments on whether it should order of the justice departments prosecution. Attorney sayss there is no role for the judge to play now that prosecutors have abandoned their pursuit. Probe muellers russia powered by more than 2700 journalists and analysts in over 120 countries im mark crumpton, this is bloomberg. Amanda welcome to Bloomberg Markets. Top stories are the that we are following from around the world. U. S. Equities rise after yesterdays selloff. Paring those gains in speculation since the rally is overshooting economic prospects . A look at income inequality. We will speak with a professor his Rice University and about the civil rights protest and his research. Findings on an investigation into the downfall of the exchange. It cost 125 million in losses for 76,000 clients. A quick check on the somets, we are backing off of the gains we saw it early in the session. The big p
We have seen some push pull here. Some of that weakness still russellg with the was 2000. 8 . 10year yields continuing to rise. Breaking out of what was earlier 82month trading range between 54 and 78 basis points. Now, incredible the break and we have seen the last two days. Further weakness in the bloomberg dollar index. We are back to weakness that we have not seen since march 11. You wonder how much of that is the feds continued stimulus into the markets. I want to talk about the data that make up this morning. U. S. Jobless data showed continuing claims failed to decline again and instead rose above the forecast of 20 million, to 21. 5 million. The market is reacting to the news as a cast doubt on the hopes of a strong economic rebound. For more, we are joined by nela richardson, edward jones senior strategist. This is one of the first times for the market that it is reacting to the poor Economic Data. Been in your opinion, has driving the weakness of today after what has been a s
Highs, off 1. 6 . You can thank the autos and oil companies. Several companies in the permian cutting back on production even then there was no vote on quotas today. Index ofhe energy 2. 3 . Some companies are not faring so well. Norwegian cruise line among them, down 21 . Norwegian cruise lines looking for money desperately to keep going. It raised 400 million and is looking to go to market as well. Yuan offshore is trading off of its weakness. It looks like the Trump Administration for the moment, is going easier on china. Kailey leinz has a deeper dive into the market action. Kailey it has been steady buying today, and really for the past four days, when it comes to the equity markets. Futures,ok at s p 500 we saw a steady decline, and then a steady upward trajectory. Things are pretty orderly, and volatility is relatively subdued. The vix at 831 handle. On pace for its best nineng streak in months, back to 23 a barrel, as that supply and demand picture looks better. Higher by. 6 to
Iran, leaving the deal intact for now. Releasepresident did new sanctions among 14 people and entities involved with the Ballistic Missile programs, and a crackdown on government protesters. President has repeatedly denounced the Nuclear Agreement negotiated by president obama, and in october, declined to certify that it was an interest of the u. S. He has stopped short of. Crapping that deal altogether south africas ruling party is calling President Trumps comments on african immigrants extremely offensive. The deputy secretary general of the African National Congress Told reporters that developing National Countries do have problems. It is not as if the United States does not have difficulties. There are millions of Unemployed People in the usa, people who do not have health care or access to education, and we would not make commentsto so derogatory about any kind of country that has social, economic, or other difficulties. It isand el salvador said expressing the countrys resounding
Whether there are injuries. Well be updating you on this fire throughout the newscast. In the meantime back here at home moving forward after pieces of local history burn. A thursday morning friday gutted irreplacement abl irreplaceable parts. This is where they believe the fire started. Tough calls here. What to demolish and what to rebuild and they dont know the cause of the fire. A big part of history. So much destruction. The smell of burnt ash. I was devastated. Remnants of thursdays three alarm fire. It was like going to a funeral. That ripped through doug alexanders pub and seven other businesses. The fire marshall has to do his investigation. Most of the buildings here date from the 1800s, irreplaceable history. We noticed that. Really sad. Just down the street a town hall strategy session with an not so easy session. Where to go . Extensive rebuilding and remodelling and hopefully limited demolition. And maintain historical integrity. We dont want a 2015 building sticking in t