Three hours left in the trading session. The dow is down fractionally, 57 points down. 3m, verizon and chevron are your laggards. A couple of dow stocks are up, however, there is one massive move out there. Not in stocks. It is in gold. Gold is trading at a threemonth low, it is down 35 an ounce. As you might imagine, gold miners also getting wha inting they are deep in the red at this hour. Google unveiling a new phone at a product event under way in San Francisco. Google says the new phone costs 649 and has unlimited storage. Delta posted a smaller than expected drop in passenger unit revenues for the month of september. And sears popping within just the past two hours on reports that bids for the companys draftsman unit due by the end of this month. If you are a retailer or a shopper, this may be the most important number in the show. 81 shopping days left until christmas. A new report by the National Retail federation telling us that santa claus is coming to town this year. Courtne
I am Francine Lacqua. Lets get straight to the markets. That is where revenues coming from. For the first time in a long time, were going to start with currencies. 14. Pound below sayingchanges investors whatever happens, the pound will go lower. The stoxx 600 down 1 . I want to show you eurodollar as well. The ecb will have to consider going into more negative territory. Well get you oil and the right price very shortly. I think that may be copper. Lets get onto copper because this is where we see some of the biggest falls overall. Get to the bloomberg first reviews with nejra cehic. Nara . Declinesl has extended after iran says was ridiculous. Irans oil Prime Minister says it is unrealistic demands on his country. Shouldcost producers bear the burden of the surplus and has reaffirmed the kingdoms commitment. Donald trump has won the nevada caucuses. The nomination the when makes him the victor in three of the four steps that have voted on the desk for states that have voted on the re
We have a busy day ahead of us. We have some great guests. The mood in the markets is often haven assets. Tom we see some weakness across all. I love the guests we have. To dive into productivity. We are doing around the world in 120 minutes. Thanks very much. The European Union is getting closer to a deal with turkey to stop the flow of migrants. Jacked up thehey price at the last moment. The turkish government wants to double the Financial Aid to more than 6 billion. Turkey made the most serious offer yet to stop the tide of refugees into europe. Malaysia is marking the second anniversary of the death disappearance of that boeing jet. They are committed to solving the mystery. Ships are searching the southern indian ocean this year. Chinas president thrown to punish polluters with an iron hand. There is evidence that iron hand is loosening its grip. There has been a number of days where air quality was listed as hazardous. Balancelem is the between the environment and commerce and Mi
Lets quickly check on the markets. We have the boj not doing much, and you can argue it was a lot more hawkish. This was taken tin stride by the markets, yen higher, brent crude above 47, something we touched yesterday, a level we havent seen since september. This is the picture for Deutsche Bank, gaining 3. 3 . Wet me just take off with seem to be putting a member on what the scandal cost. First, lets get to the bloomberg first word news with nejra cehic. Nejra thanks. The yen has surged after the bank of japan maintained its record stimulus. More than half the economists in a survey predicted action for the central bank. Meanwhile, japans core Consumer Price index rose the most since april, 2013 after difficulties in breaking free of deflation. The Federal Reserve skips an Interest Rate hike, but left the door open for action in june. Fomc omittedt, the previous language that Global Economic and financial developments continue to pose risks, instead saying officials will closely moni
Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch kwoh of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here [ buy, buy, buy ] and a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] from the fed on wednesday saying it is time to raise rates. What are the terrific six . Not the tirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never should have been down as far as they got like entergy wh