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Stocks not doing much. Revenue forecast, certainly concerning. Well talk to jim a lot about that, and well talk a lot about snowflake. That stock is down dramatically this morning, both on guidance and the news that its ceo, Frank Slootman, will be retiring. Suboptimal. Yeah. Suboptimal. Lets start with the inflation data, sort of get that out of the way before we move on. Whats your take on this pce number . In line is cool. Thats the way i look at it. I think that there were a lot of people who thought after the cpi this one would be bad too, and when you look at the progression of the s p futures, david, it really is incredible how negative people are underneath. I mean, when frank was on, frank holland, this morning, he saw the futures just sinking as if the it was a foregone conclusion that the number would be too high. We keep seeing that, which is, i think, one of the puts underneath the market, is the actual negativity of ....
One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs w ....
Editorinchief of bloomberg businessweek. In the business section you take a look of a chinese company. A large variety of further clothing. Feather clothing. Manufacturer in china of this kind of apparel. It epitomizes so much of chinese struggle, this is a brand that they wanted to take global, these codes are very popular now coats are very popular now. People are seizing on this. This is a brand that you would think would be a hot item, fashion forward, manufacturing. It has struggled to capture that and globalized the business. What epitomizes is the struggle but so Many Chinese Companies have where they have access to markets in asia and the u. S. But does not have the cache of western brands and 10 i did a line of massmarket appeal. Cannot get over the line of massmarket appeal. Oliver lets talk about another Asian Company which is forever sothebys. Lets talk abo ....
Welcome to countdown. Im anna edwards. Just on 6 00 in london, bright and early, lets get to some of the latest market moves. The fed commentary driving that. Ive got a chart that shows where the dollar has been. In the red boxes, can see the effects from the hawkish commentary weve been getting from the fed. Ill draw your attention to the comments we had over the weekend from the fed vice chairman Stanley Fischer saying that economic goals are close to being met and the market readjusting once again. Little more chance of a fed rate hike perhaps being factored into the dollar. Lets bring up the risk radar and show you currency markets. 94. 89, ar index at lift of 0. 4 . The work function on bloomberg suggesting a 22 chance of a rate hike in september. Not much change versus friday. Weve got dollaryen in there as well. The yen under pressure. Further chance of easing being flagged by governor kuroda. He talks about a sufficient c ....
The u. S. State Department Says north korea proposed holding peace talks to formally end the korean war sometime before its Fourth Nuclear test in january. But both sides failed to agree on conditions for the meeting. Spokesperson john kirby said on sunday that the Obama Administration considered pyongyangs proposal. He said the administration asked north korea to include denuclearization as part of the talks, but the country rejected it. Kirby did not say exactly when north korea made the proposal. Pyongyang has repeatedly asked washington to end what it calls a hostile policy towards it. The u. S. Position is that it will not start any dialog unless north korea takes concrete action towards denuclearization. The fighting in the korean war ended in 1953, with an armistice instead of a peace treaty. Experts on nor ....