Earlier losses closed at a record high. Thats kind of where our road map starts as it often does investors shrugging off Global Growth concerns. Stocks set to rally at the open. And records still within striking distance. Plus, broadcom eyeing symantec, my reporting added to bloomberg yesterday which broke the story. And mine. And jims give you more details. And pot shakeup, bruce linton out, telling cnbc he was fired from the Worlds Largest publicly traded cannabis company. Somewhat extraordinary. No. Wait. Having him on talking about being fired. Want him back all right lets talk about stocks. Looking to set a new milestone this morning s p 500 on track to open at an all time high. That would be the second time this week. Yesterday the index posted its seventh record close of the year take that, Global Growth concerns, take that, what did we get from edp this morning . Adp, 38,000 jobs less than expected created so what . So what i think melissa had some great commentary in last show
Welcome to bloomberg surveillance bloomberg surveillance. Im mark barton in london. Festival of Central Banks, we have the ecb to come, the bank of england, the fed here. Down 1 5 of 1 . Uro, little change unchanged since the last ecb season, october 26. Hasnt fallen to one dollar 1587 on November November 7. Sterling up by 1 10 of 1 today. Today, but its politics thats affecting sterling today, having risen since fps last night. Theyre changing their governments planned legislation, so they guarantee they will get a meaningful vote on the final deal to leave the eu in negotiations for 2019. Coming up today on bloomberg surveillance, we will discuss markets with paul donovan, hear from the s p governor thomas jordan. But get to bloomberg first word news with Sebastian Salek sebastian the fed has raised rates by 25 basis points as widely expected. We also have a growth forecast next year, but maintaining projection of hikes 3 hikes in 2018. Saiding chair janet yellen this underlines tha
U. S. Trading session. Post fomc trading session. We are seeing red and declines which we have not seen for some time. The nasdaq is down more than 0. 5 . After the fomc decision yesterday, it was hawkish in tone and the fed indicated it the balanceing off sheet in october and december is likely for a rate hike, we did not see much of stocks. We saw a record highs but now we are seeing declines. Two weeks ago called for new record highs despite the fact that there were declines about time says this is healthy consolidation. Its can tell its consolidation of the record highs. We have a great chart that shows a money record closing highs we have seen this year. Dow, 42, s p 500, 37 and the nasdaq 49. Consideringeme are there is still more than three months of trading action left for the rest of the year. The s p 500 and the nasdaq are on pace for their best year since 2013. The nasdaq is up about 20 this year which is extraordinary. Where we saw the fed have an immediate impact. This is
Recalibration of where Economic Growth is heading. Guy and more evidence of what we have been talking about, low Economic Growth coming out of germany right now. This is Investor Expectations Going Forward and it is the expectations line that really catches my eye. The survey, 51. 8. The expectations, 6. 8. A significant miss Going Forward in investment expectations. Tom one of the big mysteries is euro over the next months and we will be looking at the bombshell Morgan Stanley report as one of our themes this morning. Right now to our first word news on germany. police shot and killed a man who attacked passengers on a train with an ax and a knife. The attacker was described as a 17yearold room afghanistan who applied for asylum. The president of turkey says he narrowly escaped death in the coup attempt. He left the seaside resort just minutes before the coup stormed in. He also said renegade soldiers took over the istanbul airport hours before loyalists maintained control. Theresa ma
David and how is he going to pay for it . The United States is a little bit behind the u. K. They are on their second female Prime Minister. Alix glaxosmithkline ceo andrew witty and tom fanning will join us to break down all their earnings. I turn to you and say it is all about fx. Jonathan what captures risk sentiment that are then dollaryen in the fx market . Tn back with a 105 handle. Firmer, apple helping do that in the United States, and equities firmer in europe as well. Fifth straight a day of losses for crude, down 244. 37. Down to 44. 37. You might forget that today is fed day. A lot to discuss. Alix what matters more, the boj or fed . Lets check in with our Bloomberg Team for indepth coverage of all of our stories. Carl riccadonna on the fed as it wraps up its policy meeting as well as Matthew Cantor men on in europe aschael Deutsche Bank signals deeper cuts, and megan murphy in philadelphia. Jonathan lets begin with coverage of global Central Banks. We will have a more inde