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Alley were seeing more push and pull this morning in this case the dow and the s p are green. Were getting decent bounces in names related to travel. Of course the covid cases out of florida at 11,000 plus is not good, but it has been off set by the data out of gilead lets talk about where were going in the coming weeks. You have been riding names like facebook and alphabet and is any of that betting tired the nasdaq 100 has bet the s p for ten straight months. At this point i think the s p this year is down 1 and the value index was down we started our careers at the same time. We saw the tech bubble we saw how bifurcated it can get. We saw how they still have value. Other companies doing exceptionally well it is not available compared to what we see in other sectors what is an example of that . Lets take leer if your family owned the business, you would say we made a billion and a half dollars a couple years ago and a few years from now we will again, but the market is offering to bu ....
What is going on out there. Continues for the s p 500. This is 1172 on the bloomberg. At what has been boom,on since the dot com 1989. Expecting the index to hit 2800 by the end of the year. This is the s p 500, the blue arc showing the dot com bubble. A little under half an hour away from the open of markets. Look at what is going on. David, is there any real theme today so far . Gains, except for korea. Gdp at of india, pmi out of china. Here is a flavor of the equity markets. Everything but korea. Samsung, downn to over 3 . Morgan stanley cutting their call on the stock. Blue line is your consensus price target. You take the median there. 2. 68 is the stock price right now. Here is the spread between the two. The other thing i want to point hiking rates for the first time in seven years. This is the chart. We have seen the three year yield and the repo rates widen. Bond markets are saying they better hike. Another thing happening thursday , opec setting to extend the output cut. Ope ....
Agrees to buy a company for 5. 5 billion. Right, half an hour from the start of the trading week. No trading in the u. S. , Martin Luther king jr. Day. In japan, machinery orders better than expected, the ppi,cer price index, factory gate inflation better than predicted by economists, but still in negative terrain for december. But see how the markets are tracking. David. David thanks. We are looking at a mixed bag. Markets just opening up, taiwan, malaysia. Have a look at singapore. One of the better performers performingthe best market in asia save for the philippines. Mixed. Ight times index,verything else canceling out japan pulling things down, australia, flipped the board, some other benchmarks at the moment. Australia, that comes down to the fact you are getting a decent bid when it comes to the mining stocks, japan, strong japanese yen weighing on that index. Assets. Ook across 1. 20, roughly at those levels. Dollaryen, sti ....
Bloomberg predicted that and that is what we got. But see what is happening market was. Batch market wise. Today the keywords in asia greece. A call for start on tuesday office start cautious start on tuesday after collapse. We do not have leads from wall street, it was closed on a Public Holiday so analysts are saying that europe is the focus. Asian stocks retreat because of concerns over retreating as of concerns over greece, it has fallen the most last week. South korea came out with bb ok decision to keep rates unchanged at a record low of 2 . They have been trying to portrait prices and you can frustrate at a record push up prices. Singapore down. 3 , opening down although fourthquarter gdp numbers beat analyst estimates but still lower than the Third Quarter so maybe that is taking a toll. Japan nikkei down from a sevenyear high because japan exited recession yesterday. ....
Live Team Coverage breaking down all of the controversy begins right now. Good morning, welcome to early start. Im christine romans. It is wednesday, july 15th, four a. M. In the east. Nice to see you, everybody. Happening now, reaction around the world over a nuclear deal with iran. Praise and criticism now that we know what is in the 109page agreement. President s obama and rouhani of iran emphasizing the gangsadvantages for their people as concern ownerin the streets. Iran would be allowed to conduct more advanced Nuclear Research and eventually produce all of the nuclear fuel it wants. For the latest lets bring in Senior International correspondent Nic Robertson in vienna. Good morning, nic. Reporter good morning, christine. The reason people would worry a ....