Guests today. Angela shes going to be talking credit factors affecting the stock market in this environment. Jack lew is going to reveal if china has made any progress or the market is more vulnerable to selloffs. Thats another bloomberg exclusive. Lets check in with our team for indepth coverage. Michael mckee is on janet yellen watch. Anna edwards is talking about brings it. Amanda kern is with the start of u. S. china talks. Janet yellen will be speaking this afternoon. Lets get the latest with michael mckee. What you going to be looking for most importantly . Mike since the jobs report, markets have pushed any fed Movement Packet to december. Thats gotten some blowback from fed voters. And bostonnd fed says a rate hike is still on the table. We want to know if she is on the same page and of so for when. She may not be as dovish as a lot of people think. She may take june off the table. She wants to preserve her options for july. She can go back in time to the 1990s when the economy
Dom chu is here with perspective. I dont know is the bottom line. I do know im not getting paid twice as much anyway, so but lets look at this. If you look at the s p 500, we screamed those Member Companies for stocks that have not participated in the rally but could be trending a little bit higher here. Remember, these are all stocks that have been big down movers over the course of the past year plus. 500 s p members, we looked at those ones within 10 of their recent lows, just hovering right around their recent lows, 52 week or otherwise, within 10 of their 50day average price, just to give you an idea of trend, and still below their longterm average price trend line. Again, still below the longterm trend, but going a little bit higher, maybe dead cat bounces, maybe not. But only 27 stocks in the s p fit that bill here. Among some of the highlights, most of them, the vast majority of those 27 are in the health care sector, whether or not it is pharmaceuticals or biotech, two bigger
Exchange. David faber is in los angeles. More from david in a moment. Meanwhile premarket steady ahead of busy week of earnings. Nikkei takes a spill overnight catching up to the yen and Oil Steady Near 46. Our road map begins with Warren Buffett speaking out in omaha. Were going to bring you highlights, no deal for halliburton and hughes calling off their 28 billion merger. And simon hobbs live from cuba on a Carnival Cruise ship. First up buffett weighing in on the markets, fed and earlier this morning on cnbc. This is what he told becky about the president ial election and the economy. If you ask me whether electing the wrong president can permanently damage the u. S. Economy, the answer is no. I mean, weve had 44 president s so far. This country will move forward regardless. And theres no need to make America Great again. America is greater than its ever been at this point, but its going to become ever greater. Talked about koch, talked about ibm, talked about jeff bezos, called hi
Bonds reacting to a soft empire index, the strongest year on year cpi. What does that mean . Our roll back. Two different stories on global volatility and banking. Citi beats but goldman misses. Netflix shares are extending losses after they reported quarterly subscriber growth that came in below expectation. Walmart hit with roll backs. They beat the street on the bottom line for the Third Quarter. Revenue, a bit shy of consensus. Goldman posted a business for q three. In the earnings release, the chairman and ceo said, we experienced lower levels of activity and declining asset prices during the quarter reflecting renewed concerns about Global Economic growth. Once again, guys, trading remains a sticky issue for a lot of the banks, down well into the double digits. Investment banking up six. We will talk to David Solomon later this morning. Investment banking is interesting. You saw debt underwriting overshadow a really sharp drop in Capital Markets. That feeds into the story of ipos
We begin with morgan which saw its quarterly profit jump more than 20 . Thats the good news. But the biggest bank in the u. S. By as sets missed wall streets earnings estimates. By comparatively five cents. Reporting profits of 1. 32 a share. Revenues 6 lower than a year ago at 23. 5 billion hit by volatile markets and continued low Interest Rates. They missed estimates, too. Shares were initially lower after the report as you see right there on that graphic. We take a look now at some of the big issues the countrys biggest banks are facing this quart. Reporter jpmorgan the first of the financials to report and with a miss to beat not a way to kick off a busy week of earnings. Bank of america, citigroup, wells fargo and Goldman Sachs out with their earnings in the coming days. All banks are likely to feel the effects of the macro headwinds we saw in the Third Quarter and those that affected jpmorgan, as well. First low rates, likely to squeeze margins even if they cause a short term up