August but mostly, especially the Fourth Quarter, has been knocking it out of the park. We do know that today and for the week it is a holiday shortened week and what that means for volume. Take a look at the volume chart i am showing here in my terminal. Given that it is a holiday shortened start everyone but me is on vacation, volume is down 50 from the average. The biggest drops in volume, healthcare, real estate, and utilities, the safety sectors are not being traded today. Youre getting a broadbased risk on sentiment. For me in San Francisco it is all about amazon and Consumer Discretionary is really leading the way. All of the other sectors are only up about one half of 1 . But take a look at amazon leading gains after posting another big holiday season. Billions of items were shipped, tens of millions of amazon devices like the echo. Were sold. And if we flip up the board is mostly risk on with crude and copper rising. Haven, alsofe catching 8 10 of 1 . That is a look at u. S. M
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
More on the case that started tuesday. And who is laughing now . Netflix cofounder Mark Randolph says blockbuster left at the companys original movie by mail service. We will hear his latest thoughts on streaming wars and tech culture. First, it finally happened. Wework is pushing back its ipo. What was once one of the most anticipated debuts of 2019 is now postponed to october. They are looking to calm doubts. At this was the post to be a 47 supposed to be a 47 billion company. Now that number is about 15 billion and perhaps smaller. Joining me to discuss, phil haslett. And, in new york, crystal tse, who has been covering this troubled ipo. What was the problem today . Is it valuations, financials, or governance problems . All of the above. The simple answer is they have a lot of things to address before they can go to the investors again and ask them for their money. They were looking for a 47 billion valuation, and now we are hearing it could be as low as 12 billion to 15 billion. T
Much is about where the consumer is physically, but how does that square with data concerns . We will ask the foursquare ceo. For many of the National Security teams that monitor threats on the u. S. , the apparent drone strike saturday was the realization of their worst fears. The attack raised concerns by u. S. Security officials and experts in terrorism about the rapid evolution and technologies that may have allowed these inexpensive devices to pierce saudi defenses, flying long distances to drop bombs. Im joined by alan. Alan we are still not 100 sure exactly what devices were used. The rebels in yemen, which took initial credit for the attack, said they used drones. Later, u. S. Officials said that they were Cruise Missiles and possibly drones as well. A Cruise Missile is a kind of a drone. At the very least, Cruise Missiles used to be kind of the weapons used by large military organizations, but as the technology has gotten cheaper and easier to use, we now see kind of it mergin
Are going to see people try to arm themselves with right information but no doubt about it this will change the economy in the coming years. Cheryl im excited because ive been talking for a few days and i know you talk today heavy hitters in the industry, cant wait to see it and i cant wait to see mornings with maria which is obviously starting right now, have a great show. Special debut sunday night at fox news 8 00 oclock, this morning we are gearing up for another big news day, good morning, everyone, im Maria Bartiromo, live this morning from washington, friday september 20th, 2019, top stories right now 6 00 a. M. On the east coast. Mark zuckerberg taking washington, facebook ceo met with President Trump and lawmakers yesterday and hes headed back to the hill today as he faces calls to sell instagram and whats app, back to negotiating table deputylevel meetings resume in washington this as President Trump prepares for tariff exemptions, exemptions on select goods. Is futures looki