Action with our markets reporters. Abigail, what are you watching . It has been a few days since we looked at the s p 500 technicals. 50 range between the 200 and day moving average, in that range. Lets look at a year and a half long chart. The history is telling for what is happening now. On the volatility happened in the winter in the spring, we saw similar, caught between the two averages. A battle between bulls and bears. Neither having more information. The bulls did win for new alltime highs in september. The bears took it in the fourth quarter, going below both of those moving averages. Back below the 200 day moving average. All this suggests we could see this range testing back down on the 200 day moving average. Volatilemake for a september. I am closing it out and looking at the bloomberg dollar index. It is rising to its highest since december. All the positive comments but the u. S. China trade war, which is helping boost Risk Appetite . President trump said talks were sche
To what we were seeing november and part of december as we saw some rotation. On a relative basis the dow having a much smaller gain than the nasdaq. Leadership in largecap technology. Its a bit broader. We see Consumer Discretionary also helping lead gains. I want to talk about the weather affect. Take a look at whats going on with some of the commodities. Gas rising to its highest in about a month. A 14 surge. Its quite chilly in the northeast. Temperatures hover well below normal. Coffee is also seeing a boost. Things that are hot. Some crop issues in columbia. Slowing brazilian exports also helping and cocoa also seeing a boost. Shirts are hitting a record in london. The u. S. Actually burned the most natural gas ever on record on monday. Natural gas consumption surpassing even the socalled polar vortex. 143 billion cubic feet was mondays usage in the United States and this is having a Ripple Effect within stocks so out Gas Producers are outperforming. Retail generally is seeing a
Carol welcome to bloomberg businessweek. Im carol massar. Julia and im julia chatterly, and were inside the magazines headquarters in new york. Carol in this weeks issue, what happened to americas most Iconic Company, ge . Julia the dangerous in the caribbean. Carol and taylor swift takes on the scalpers. Julia all that and more on businessweek. Carol we are here with the editorinchief of bloomberg businessweek, joel weber, talking about the olympics getting underway. This story looks at the unification front between north and south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shor
And south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shortlived. The games are going to happen and we will be right back to a different mood. Carol you have to think about it too, because it is a great sports story. Everyone likes to watch the Olympic Games, but it is also a financial story. South korea has paid billions in getting ready for these games. How do we make this a business story . There was a lot of Business Opportunity in this, and they are willing to put it all on the line with this decision. Carol it is kind of shocking, though. Go back a month. Thinking about the
Whether, talking about the windex olympics getting underway. This story looks at the between northont and south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of lists this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shortlived. The games are going to happen and we will be right back to a different mood. Carol you have to think about it too, because it is a great sports story. Everyone walked choose likes to watch the Olympic Games, but it is also a financial story. South korea has paid billions in getting ready for these games. How do we make this a business story . There was a lot of Business Opportunity in this, and they are willin