A few minutes early, again we are seeing a trend from the shift of the old economy to the new economy. We have the january manufacturing coming and at 51. 3 and we are still comfortably above that level. We were looking for a number of 51 point six. They are easing back of the more than expected. Not manufacturing though. 55. 3. That is better than decembers 55 number. That includes services as part of that component there. Gaining a little more pace. This is the rebalancing that policymakers have been looking for. That manufacturing take into account construction. Lets have a look at going back to 2000 and eight. The numbers have fluctuated. The version ofs this which takes into account more of the small to mediumsized enterprises. Reflect morealso of the state owned enterprises. Uptick take place, those s mds just a little weaker than they had been expected. This number has not being reflected today. At a mixed bagok out there. There is one company probably responsible for all that i
See. Workshop hathaway, Warren Buffett said he needs a quiet 2017. Betty it has been everything but quiet in the equity markets these days. Out, but it to close want to point to you a chart. G btv 9668, which is what we have seen for huge amounts of price swings in the equity market. If anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s p fearing s p. Right, butett is 2018 is a totally different story. You just saw on the righthand side with how big those differences are in the highs and the lows. You can see that even on friday, the s p rising by 1. 6 . The dow swinging back with these huge gains 350 points. The nasdaq also rising by 2 . It will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u. S. Yvonne it seems like we bucked that trend selling on friday. The relief are a lot of equity traders. A lot o
Jerome powell will be sworn in at sworn in as the 16th fed chair. The german Angela Merkel allowing extra time for talks with the spd to form a new grand coalition. As you point out, less than a half hour away from the start of cash trading. Futures are getting crushed. Take a look at the percent missed price that we see, according to the bloomberg. We are looking at euro stoxx 50 futures opened down. The castrate open down. 7 . Ftse cash trade open down. 7 . S p futures are included here. S pers are watching whether futures will get a bounce back. So far, they havent. Still in the red by 1 10 of 1 . Take a look at 10year yields. I have treasuries in my terminal. This is three days of the 10 year yield them and you can see it is climbing ever higher. At one point a few minutes ago we were trading at 2. 88 . When is this yields going to get high enough that the fed rate that are priced in andor investors decide that wed rather have risk for yield . Decide they would rather have riskfree
And im Courtney Reagan in for sara eisen thanks for joining us today. This monday morning after the super bowl, if youre up, you might be a little tired. But may also want to be somewhat elated if jim is watching i hope hes asleep after a big night of celebrations. If hes not, congratulations to him and all eagles fans. Lets get to the markets a roller coaster ride last week particularly when we saw the dow sell off 2. 5 . The nasdaq and s p both down 2 . For the week as a whole, the dow was off more than 4 nasdaq down 3. 5 and s p in between those two dow about 127 points, nasdaq 12, s p, 9, clearly much more muted than that massive selloff we saw on friday. Worth pointing out on friday, all 11 sectors were lower for the week Energy Materials were the worst. Health care and tech also pretty bad. And yield has been a crucial factor for markets over the last couple of weeks. The fact that yields have been rising have spooked some investors. They got to 2. 85 on friday clearly, its still
The doe says it may be time soon. Two and through. Scandal forces steve went from the home of his empire. And, a synonymy of earnings reports. I am pretty confident with the capacity in our business. We will stay disciplined within the capital framework. We are interested in being the most profitable. On bloomberghead best. Hello and welcome. I am Ramy Inocencio. This is bloomberg best. Of the mostreview important Business News, analysis, and interviews from Bloomberg Television around the world. Investors enter the week on edge after the dow dropped 2 , then on monday the plunge continued. The Dow Jones Industrial average losing 1175 points, a four. 6 percent decline, now off 1. 5 . Last week we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. It suggests the first time was about Risk Management and position reduction. About earnings, and it has been about earnings for the last week and investors are notng m