Page 12 - Michael Bender News Today

Much. Ramy markets are up for a third day in a row come off the 11 month highs we saw yesterday. Take a look at these numbers. At 17 976. Up at 2117. Conflict with the 2130 mark, the record high for the s p set back in may. At 4972 at the moment. I want to show you what is happening in terms of the s p 10 sectors. Generally a broad rally. Material is up the most by two thirds of the present. Percent. Irds of a rise in signing a deal with economic asian workers of verizonfor pensions signing a de...

Stand. The dow is down. About a 10th of a percent. What has been weighing on all of our minds is over in the u. K. , the latest brexit poll coming in 44 stay. 9 undecided. We are off of the session lows. Lets happen to bloomberg. Imap, looks like six of the 10 sectors are trading in positive territory. Health care has been the biggest leader for the day, up when 7 . Telecommunications about. 4 . Energy is lower. The Energy Sector is down about half a percent. Care, it turns out medicare spending...

But we are about 30 minutes into the trading day. Lets head to the markets desk where julie hyman has the latest. Julie less exciting if you look at stocks. U. S. Politics are quite exciting , but we are seeing little change right now after the dow and s p close to record gains. Any gains today would be another record for the major averages, but we are not there at the moment. The s p falling back at the moment. The nasdaq gaining a little bit of ground, but we are seeing a mixed to little chang...

With the matter. Matt headlines coming out from imf chief Christine Lagarde, giving a speech at the new york fed. She is saying that small nations are at risk the of you banking regulations. Big banks have curtailed riskier often ints that are small countries. They are pulling out their operations, leaving small countries with a lack of credit. She will be giving us headlines throughout the next hour. Then we will hear from Christine Lagarde. Scarlet because later on, bloombergs exclusive interv...

Others wounded. There have been no claims of from isis ory other terror groups. This horrible event comes a day after donald trump delivered a attrained and sobered speech the Republican Convention in cleveland last night. He pitchedd himself to voters as the world and nations only hope. This morning at a rally, trump instantly reverted back to his familiar trademark free styling ways. Mike pence standing there behind him. He thanked his supporters and staff and also had some tough for his forme...

You are looking at a january to february increase of 2 . 3. 2 was what was forecast. The number itself was 2000 better than estimated. The mostetter than pessimistic estimates would have feared. Sales came inome below estimated. The fourth time in the last five months. All of that said, lets look at what is going on in the broader markets right now. Major averages seeing steeper declines than they did out of the gate this morning. It really is Energy Shares that have been weighing on the s p 500...

Saying. Tom the well focus on the i. M. F. Has to be the great phrase of 18 months, madam lagarde, the new mediocre. I dont think anyones changed, francine. Theyre still talking about the new mediocre. Francine right, except the immediate oaker is maybe getting a little bit worse than it was 18 months ago. Lets get straight to plorgs first word. Heres caroline hyde. Caroline another casualty of the panama papers, this time its spanish industry minister. He resigned after giving conflicting expla...

Shares are falling on that news. Speaking about falling, we are one hour away from the close of trade. Stocks are heading for a second straight day of losses. Lets head straight to the markets desk. Julie that today decline is that twoday decline is the worst we have seen since february. It seems as though it is really on Global Growth concerns coming back to the fore. We had mixed Economic Data in the u. S. Today from the adp jobs report coming in a little below estimates. The Services Industry...

Area. He Inflation Forecasts are the real key. The australian bombshell. There is a time to her three times every year where the wind shifts. This morning feels like that. With the australian shock of new low rates. Of deflationregime and disinflation fighting going on as we speak. Francine its something we have been trying to fight. I guess this is a shift in the wind. Realization that Central Banks seem powerless when it comes to fighting inflation. Lets go straight to bloomberg first word new...

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