I mentioned microsoft reporting. You have four big names on thursday, amazon, apple, alphabet and facebook. Tech is the sector most likely it is see its earnings hold up. Care were theh sectors that posted profits and sales growth. All of that is priced in, which is why value stocks have outperformed in october for second straight month. Gina martin adams at Bloomberg Intelligence says Growth Companies are beating estimates more widely than Value Companies , but analysts are upgrading their forecasts more for the Value Companies and for growth. When value stocks do beat estimates, they outperform the. P 500 david weve been talking about the stimulus. Now it is pretty clearly off, at least until after the election. Our markets reacting to that . Scarlet we still see it in the equities because we are not getting we also see it in safe havens like the u. S. Treasury market. The 10 year yield is down for a third day. Also below its 200 day moving average, trying to get past that but we are
Shery theyre watching daybreak asia coming to you live from new york, sydney and hong kong. Annabelle counting down to asias major market open. Paul a risk off move as fears of further rate hike go further south for u. S. Stocks and bonds in the intervention alerts zone as we wait for japan cpi numbers. Beijing is said to tell state owned banks to step up in the pboc also chiming in to stop yuans slide. Goldman sachs planning a hiring spree to address regulatory concerns from authorities, including the fed. Shery u. S. Futures extending the declines we saw on the new york session were u. S. Stocks were down for a third consecutive session. Tech giants leading the decline the likes of microsoft, apple were down today. We have pessimism over the chinese economy, but it was really about the concerns that the fed would tighten policy. We had more data today showing the labor market remained resilient with those jobless claims. We had most treasury yields higher. Talking about the 10 year y
, i still bit coin see a Financial Stability risks. Often, risks threatening Financial Stability rise when there is exposure of the Banking System to fluctuating asset valuations. See anyally dont significant exposure of our Core Financial institutions to threats from bit coin, if its value were to fluctuate. See a threat to our Core Financial institutions. Undoubtedly there are individuals who could lose a lot of money if bit coin were to fall in price, but i really dont see that as creating a fullblown Financial Stability risk. Michael mckee, last question. I suppose i should be asking you a valedictory question, but i dont you can topple you have already said, some of a do a couple of cleanup questions. President trump all you were speaking said he thinks his tax plan will produce 4 growth. Do you think that is possible . Second, do you think that there is any fed blame or complicity in the flattening of the yield curve and do you worry that their might be some sort of policy mistak
Fuel extremism. Its a move likely to irritate china. A u. S. Naval aircraft or it visit vietnam in march, the first such port call since the vietnam war ended more than four decades ago. Defense secretary jim mattis and his vietnamese counterpart discussed the matter during mattis trip to hanoi. In the philippines experts warn that a volcano that has been directing for almost two weeks still appears to be swelling with magma under the surface. Thousands of people are staying in emergency shelters of the volcano continues to release streams of lava as high as 1500 feet. Officials are worried the eruption may last months, affecting the education, health him and livelihoods of people in the region. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york julie live from bloomberg World Headquarters in new york, im julie hyman. Sca
Social responsibility. Should they take the lead on possible gun control power lunch starts right now and welcome to power lunch, im Michelle Carusocabrera and stocks are carving out accident gain ahead of the fed minutes but that could change in less than an hour. Yields on the twoyear note hitting the highest level since the beginning of the financial crisis and watch the fiveyear because results of an auction moments away Home Building stocks are rallying today tripoint and kd home and pulte are leading the way and fueled by advanced auto parts, stocks are up doubledigits on the back of the earnings. We have eamon javers with breaking news at the white house. Reporter weve been watching this student protest in front of the white house this afternoon protesting against gun violence. Weve seen the president has a meeting later on today with a number of students who have been affected by gun violence and i spoke to a white house official who signaled new flexibility on the part of the