Skip to main content

tv   Bloomberg Markets  Bloomberg  April 28, 2016 3:00pm-4:01pm EDT

3:00 pm
david: u.s. gdp growth is at its weakest level in two years thanks to a consumer. hiking in june. the state of waste management. a ceo joins us on earnings and growth opportunities in his business. does america still run on duncan? many itemsed on boosting demand and where the company is looking to expand next. one hour from the close of trading, let's head to the market desk where julie hyman has the latest. so much central bank and company news as well. julie: an embarrassment terms of news. fall. seeing stocks
3:01 pm
it is interesting because facebook, which has been keeping the nasdaq afloat earlier, is no longer doing so. it is doing more poorly than the s&p 500 at this point. the dow has to stand up to the downside today. you look over the course of the session. you saw it unchanged around midday and it has come back down toward the low. the company dragging it down has nothing to do with earnings. of theaccounting for 50% one index's lost today, ibm, hope depot, and apple. falling more sharply after carl icahn said he had exited his take in the country -- company. -- for see the pullback
3:02 pm
the s&p 500. an earning strap of about 5.5-6 percent. >> four times worse than the s&p 500. part of it as facebook, relatively waited in the s&p 500, not the doubt. company has been incredibly steady today. facebook is trading at a record after its profit sales beat estimates. other s&p 500 components do not factor into the doubt. saint jude is rising after agreeing to be acquired by avalanche. buying see hanes brand an australian underwear maker and benefiting from that pharmaceutical rising,
3:03 pm
initially, the company came out with earnings yesterday. shares have been falling and they are now at 5.5%. there is a lot in the s&p 500 higher that are giving it a boost. david: julie hyman at the market desk. mark crumpton has more from the news desk. mark: federal prosecutors say three people connected to the san bernardino shooters have been arrested in a marriage fraud conspiracy to the u.s. attorney's office of the central district of california says though over -- those arrested include the brother and the sister-in-law of the shooter. the third arrested is the wife of henrique marquez junior, a friend who have been charged in his alleged role in aiding the violence. prosecutors say the three lied to obtain immigration benefits. a senate committee has approved a $220 million aid package for
3:04 pm
michigan as the city struggles to deal with a water crisis from lead contaminated pipes. it could come up for a senate vote in may. the commission is holding its first public hearing. investigating if residents faced discrimination during the switch to -- for drinking water. a man arrested in an investigation had specific orders from islamic state carry out attacks in rome. andorities arrested the man his wife and were allegedly planning to move from their own to islamic state territory along with her two children. time is coming out -- running out for puerto rico to solve it biggest crisis ever in the bond market. unless they can strike a deal to do for $422 million in payments in the next three days, it is in danger of a technical default. the island is a u.s. commonwealth and congress is working on a rescue plan. lawmakers are not close to an
3:05 pm
agreement. news toy four hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. david, back to you. david: julie mentioned stocks are back today, going only so far to offset disappointment at the bank of japan. the reserve is leaving rates unchanged with and i for a possible increase in june are my first guest is it in a positive light. chief market strategist of investments -- investment and dollarin 200 investment platform to let me ask you to react to the central bank news we have gotten here. not a lot of expectation and not that much will change. what does it mean for markets? seems like the fed has backed off over the past few weeks. the global market rally started with the pitch -- capitulation on september 11. if you look back on that, it did
3:06 pm
not seem like that big a deal but the market moved off from there. we have the meeting, the first one in march and then it was the new york economics club that surprised everybody. the fed really pulled back and we expected rates not to rise today. but the real news is what is happening to the dollar. we would say it is a policy mistake for the dollar to continue to go further. by janet yellen stepping back, i would take june, a rate hike, and not only the equity markets, but look at bond yields going .own a win-win for investors across equity and bond yields. to continue toed be cautious in moving forward. what other risk reasons are you seeing? the global economy, as janet yellen has been concerned with, there has been some criticism that issue the world posse
3:07 pm
central banker? the answer is yes. stepped intolly the fray and a positive way. bottomed inna august when they were doing their devaluation. a list like they're doing everything they can with monetary fiscal stimulus. that is probably these two whyes, the fed and china, commodities have popped in general, why every part of the market in emerging markets have come back. it has taken the pressure off. the biggest concern we have seen is u.s. corporate earnings. looking negative seven .5%, until we get clarity on corporate earnings. i think janet yellen is noticing as well, she will have a positive economic backdrop -- backdrop. is looking at two rate increases.
3:08 pm
we think one or even less. the market probably has room to rent from here. wewhat about the gdp numbers got this morning, disappointing in the lowest we've seen in two years. what do you worry that tells us about the state of the economy today? is backwardt looking at we certainly always get revisions. they tend to be positive. i think consumer numbers are too implieday stronger than with housing, full employment at rates, anterest virtuous tailwind behind them. i think is the spending was really bad. i think that is also backward looking. science of manufacturing, the manufacturing survey, new orders are looking positive. the worst of the recession is passed us and that is good news. deals, among the 25 billion dollar deal, looking at that sector in particular, at
3:09 pm
health care, is that something you like? >> health care is a positive. m a day last year was much stronger. i think a lot of concern about overregulation might behold and back some of the positive impact. last year, all this am and day, target both popping and price. what i am seeing now is again, really dropping in price. that is a concern. a lot of the plays are getting long in the tooth. i think health has a ways to go. i think energy sector is right for m&a. m and the day is always a positive. david: how about tech? earningsok of the season underway right now, is tech a bright spot? >> i cannot comment on particular companies, but tech
3:10 pm
as a whole, we are not seeing q1 with strong earnings, but look forward, it looks like a earnings will come back. a lot of risk means company specific. you can have great momentum and a few names and some of the bigger names have weaker earnings, drag it down. i think technology is the place where, you have to be in technology. david: what julie was talking about a moment ago, looking at my chart comparing the s&p 500 over the last five years, from february on, you see outperforming of the s&p. what does that tell you? are look back and there times when the s&p 500 has been running for five or six years, very strongly, and i would say you have to do versus -- diversify in mid-caps and small caps and i think potentially small caps for the next few years could be the place to be but you certainly want to diversify into that but also, one of the best forming asset classes is the riskiest.
3:11 pm
theging markets, across bonds, global bonds have been doing very well, corporate. it has really been a very good tailwind for investors and fixed income. but i like small caps. thank you. coming up next, analysts are bullish with trash. up, ceo of waste management on his company and why analysts still like the stock. ♪
3:12 pm
3:13 pm
david: a look at the major index here, the dow, the s&p 500 down
3:14 pm
about two thirds of 1%. the nasdaq down .75%. after at the end surging the bank of japan overnight refrain from adding a stimulus down 3%. time for a look at some of the biggest business stories in the news right now. setting an initial public offering at 5.4 million shares. that is according to an sec filing which says the independent provider of alternative tobacco product season ipo price of 13-15 dollars per share. the turning point file to the ipo back in november. angle american will sell its phosphate is news for $1.5 billion in cash. it is their first major move since announcing cutting int and turning back struggling business. an agreement to buy the transaction in a second agreement later this year. it is part of an overhaul plan after a slump in global commodity prices saw them become
3:15 pm
the last year's worst performer in the ftse 500. highest date u.s. executive of 2000 16 goes to a 63-year-old doctor. year.illion last shot to the number one spot on the bloomberg pay index. on the lister two with 162 mayan dollars, followed by the bloomberg ceo who received nearly $162 million. business flash update. shares of waste management are better thany at her estimated results in the first quarter. $3.2 million over 4.5 in the same time in 2016. we're joined exclusively from houston. good to have you with us. let's start with recycling and
3:16 pm
the role commodity prices are playing in all of this. ast effect will that have you see it on recycling volumes? >> in this quarter, we lost a little money and recycling. it has not been unusual as we have seen the downturn in the commodity prices. it is across all of the commodities and we have all seen it, from copper to aluminum to oil. the thing about waste management is it is only about 10% of the businesses. the rest of the business is doing spectacularly well. we start to go through our current contract and say how can we make profit -- happily make it profitable for us and also the right thing to do for you. come out of it, what we will have is a business that is long-term sustainable and good for our profits and the environment. >> if i am a consumer wondering why it will cost more money, what do you say? >> yes, we need to make a decision as a country for what
3:17 pm
we want to do. the average customer in the united date pays about 15-20 the wastemonth for removal services. compare that to the cable and electrical and the water bill. is it ok to panic should two dollars a month to recycle? it is not that big out of the consumers pocketbook. our community's need to understand the individual cost is not great but the cost to the environment can be great. do theigure out a way to right thing and keep it profitable so we can invest in assets we need to recycle right. david: no longer collecting glass recyclables. is that a negotiation happening in other cities where you have contracts? >> absolutely. is the second heaviest component of recycling. if you want to measure things by recycled, having classes a good thing.
3:18 pm
difficult for us to sort and there is really not a market for the outlet for glass. it has become the least profitable part of the -- of recycling. while that is true today, we need to do something with our customers and a lot of customers for now are opting to exclude glass from recycling. one commodities come up a little bit and we find other things to do with glass, from a recycling point of view, i would expect them to come back but in the short-term, what we do for customers, if we do not want to see the prices go up, now the prices do not have to go up to recycle those other materials. david: what is the mood -- the relationship? if recycling is going down, do you see a pickup in solid waste? to go somewhere. if they are not going to your local recycling center, a lot of times they are going to our landfills. the good thing about glass is we can crush it.
3:19 pm
we cover with anywhere from one foot to two feet of material so the waste does not blow around and escape the working space. we good news about glass is use that for daily cover to is great andte, it odor free and ultimately is being used in the landfill. can create electricity out of that and create lng out of that that we used to fuel the very garbage trucks we send back out to pick up the waste. david: you said 10% of waste management. i wonder if you are tracking the rule, if that is something you care about and something you can have an impact on the business? >> absolutely. we know only tracked the rules today, we have been tracking it for three years. we saw it coming and we started going to our customers in the electricity power generation business. we started going to them and
3:20 pm
tried to work with them to figure out how we can ahead of the regulations. we have got a great contract with duke energy, doing everything they need to do to remediate, and then going beyond. what we talked to our customers about is how to we help you either manage it on site or take it to one of our facilities where we can manage it, but make sure we are managing it in a way that is environmentally friendly and at the lowest cost we could possibly get. david: thank you. the president and ceo of waste management. investmentsks the necessary to grow the economy and we hear from the president of -- global to hear his outlook. ♪
3:21 pm
3:22 pm
david: this is bloomberg markets. stocks losing out -- altitude -- standing by now with how the
3:23 pm
option's market is. david joining me today is , joining me from the cle in chicago. they're sort of been a round-trip in the last 12 hours or so. we were talking during the break and in your nose to me today, you talked about this. i just want to show quickly for overnight,e futures, the drop we saw after the bank of japan, the recovery we saw in the regular session and in the drop down again. talk to me about the action we have seen. >> you take the stairs up and the elevator down. yesterday i am on my couch watching playoff basketball and all of a sudden, the -- they come out in disappoint. they took the dollar yen although it down to 109 in a blink of an eye.
3:24 pm
is a risk trade because it happened so fast. throughout the course of the morning, we opened a little lower, a spike in volatility here, and then we come back up a and like you said, over the last couple of hours or ,o, coming back down to retest we will kind of see what happens at that point. >> when you have a sharp movement where it is activated or whatever it might be on the bank of japan, not taking any for you and curious other options traders, where you seeing a lot of people get bet the bank of japan would act to put more stimulus out there? >> i think you did because, i thought they would have learned from last month because we have the same thing happen, where
3:25 pm
they came out and they kind of disappointed because they were keeping it steady. we know that things are not really working out there in japan. anyone who thought that this time would be different was certainly wrong. to get to earnings because that was the other big theme of the day. you are looking at amazon numbers. what is your trade? >> i am part man man. this is a role of the dice. piggybacking off of my trade last week, we were talking about, i was short on netflix and amazon was moving into the space. jeff bezos is like the guy who comes to your wedding and proposes to your girlfriend, steal yourng to thunder. announcing amazon prime video would be a standalone subscription on the same day netflix was reporting earnings. report, as part of the guidance, it would be really good and really bullish surrounding the amazon -- amazon users out of the
3:26 pm
cloud service, that kind of disappointed last time. with amazon, i see three or 45 better great and all of a sudden, there is a diet. i am rolling the dice on this one. it earlier looked a little better. i had a 62660 call spread on. to may 20 on those, $17 per leg up $23 of the upside. let's hope it gets a little better for me from here on out. julie: we will see. david, self-described part madman. i'm sending it back to a sane man, david. david: i don't know about that. now the lows of today'session. more after the break. ♪
3:27 pm
3:28 pm
3:29 pm
david: from bloomberg's world headquarters in mintel -- in mintel -- in midtown manhattan.
3:30 pm
mark: the security council is condemning wednesday's heavy airstrike at a syrian hospital run by doctors without borders. you were killed in the latest attack in the hospital in the country. it is time to shine a spotlight on the issue. the council cannot be enforcement in itself, but the point i made today is these things are being recorded and these people need to be held accountable, that there is accountability. mark: i -- activists blame aside. planesthat it's worth carried out the airstrike. post-it -- protesters who fought
3:31 pm
in france today over proposed reforms to the european nation's labor rules. the demonstrations forced cancellations and delays at two airports. france and the lower house of parliament next week. a grand jury today indicted a business owner and semipro football player on a second degree murder charge in the shooting death of retired new orleans saints defensive end will smith. hazel's also indicted on charges of attempted murder because police say he wounded smith's wife, who was in the passenger seat when gunfire erupted. they got into a dispute after the car was involved in a minor crash on april 9. the department of education launched a new website to help people with student loans find the best repayment option. federal student loan debt exceeds 1.2 trillion dollars and about one and seven borrowers default on their loans within three years of beginning to repay them. the new website is student loan's.gov/repay.
3:32 pm
global news 24 hours a day powered by our journalists in more than 100 and 50 news bureaus around the world. david, back to you. david: it's close in 30 minutes. abigail -- abigail doolittle is live with the latest. abigail: a volatile day for the nasdaq. the index opened and then spent most of the day higher and then in the afternoon if her to fall and then down sharply as you mentioned. if the index closes lower, it seems likely it will be the fifth decline in a row, the longest losing streak since the thisning of january area stands out ahead of today. the dow had been in a multi-day winning streak and it charts out as a diversion between the two averages and could beg the question as to whether or not the tech heavy nasdaq will serve the better tell on whether or not the rally out of february lows is taking a cause or is starting to sputter. dragging up with averages is
3:33 pm
apple shares, which really took a tumble midafternoon after billionaire investor carl icahn told cnbc that he had sold his inke, one he had owned back february. he told him that apple is a great company but that china is a risk. the comes after disappointing quarterly report yesterday. weak guidance has apple very close to the recent lows of $92, suggesting it will be interesting to see whether or not the buying support holds if those levels are hit. david: thank you, abigail. discussing,i were the u.s. economy expanded to half of 1% in the first quarter, the weakest rate in two years. the president and founder says growth is expected to stay stagnant and he made the case this morning on bloomberg . >> i think there was a slowing down of the economy in february
3:34 pm
signal thethat would data as it began to come out and the question has to be where is the growth going to come from next quarter and the rest of the year. the consensus is still for an acceleration but i think we will see that come down. the investment is not bear that would be needed to make the economy go faster. in particular, capital expenditure but also new business formations. one of the key ways to get an economy going is you have optimism and it will start a new business. they might do it from their personal savings or their credit card. they run of the credit card and start the new business. that is not going on now and that is holding down future growth. it has to come into earnings then. how can companies make earnings and profit if there is not enough new businesses being warmth. matt, you have been following this. matt miller: 271 companies
3:35 pm
reported using the bloomberg earnings analysis function here, and what we see is that earnings growth is down almost 6% same quarterhe last year and sales growth is down as well and analyst do not expect a rebound until q4. even then, they will probably lower the expectations and push that out further. what gives with a profit? buyer they so week? >> i have been critical of the credit policy. the fed created a system where bonds were favored and that automatic the disadvantages other forms of credit, so the normal way an economy grows is a new business needs inventory, so they go to the bank and borrow function isit that not happening because so much of the new credit, over 75% over the last five years, of the new credit in the u.s. economy has gone to bond issuers. it is primarily the government
3:36 pm
spared aorporations lot of m&a activity but not so much gdp activity. >> you had senior positions on capitol hill. to -- know washington washington well. we're in an election year. what could leadership do to help growth in the country? >> the starting point is to want it. i have been critical of the view out there that this is good enough. the economy has only been averaging 2%. ever since 2010. it is a weak expansion and it looks like it is even slowing from that point. the starting point is i want is this is to do better, there needs to be more profit within the economy, more small businesses, and that had to come from the chief executive and the president. david: do you hear candidates talk about this in a way that resonates with you? >> trump is saying it explicitly
3:37 pm
that we want to make america great. he has not given the details of how you would do that here and i think it can be done. not much permanent damage has been done. it is more the idea that we have created a not inviting environment for new businesses. that can be turned around. hillary clinton has not really said how she would change what the current call seas have been. we have to be candid. they are unfavorable toward business on the idea that this this is need to be regulated and pay more taxes. and that is causing a low confidence within the economy. >> a lot of americans out there would say that the government is pro-business and kind of forgetting about them. having said that -- >> that is a critical point. the government has in big business. wall street loves it. best the fed should buy more
3:38 pm
bonds. favorable to is big business but that by definition hurt smaller businesses because there is only a certain amount of credit. >> flood policy would you recommend to the candidates out there, for the smaller business and the economy? >> clearly on tax policy, a better tax policy and on the fed, he doesn't need to be holding so many bonds. they can allow the investments plating off. some will say, doesn't that mean on yields will be hired? we have to get ready for slightly higher on yields to get more credit to go into other parts of the economy. loans, cny loans, personal loans, all of those need to go up to get small business going. david: coming up, the ceo of dunkin' brands joins us on which product -- products that customers love the most.
3:39 pm
3:40 pm
3:41 pm
david: in the last quarter, dunkin' brands -- how will the company stay ahead in the market? nigel joins me now. thank you for being here. we see a shift to beverages. what is the implication for revenue growth? we have always been famous for our beverages. people talk about our iconic coffee. it is not only in our stores. we had a record quarter in terms
3:42 pm
of our coffee sales and supermarkets. people love the dunkin' brands. we are a powerhouse coffee brand. are realizing that across america and clearly, what we saw in the first quarter is a lot of consumers attracted by the fact that we spread our haveings and we also baskin-robbins inspired iced coffee, which has oh's been popular but seems to have a special resonance to the brand. we are excited about beverages for the rest of the year. it is a competitive marketplace and everyone is seemingly getting into breakfast, convenience stores, the burger chains, you name it. we want to differentiate ourselves and we have lengthy of products to differentiate ourselves against all of the competition. >> let's talk about your grande a burrito.
3:43 pm
a savory offering there. wasn't unexpected or one you are counting on? >> we were counting on it and we have a sophisticated testing program. it does not mean it always works that it worked very well. came out of the gate very strong. always time offers are difficult. if you buy too much, you're left with it and in many ways, would rather run out in the last week. we have heard some stores are out right now because it has been so popular. in the good news, it will be back in the future. david: i know this is a big trend in the sector, how long will it be until you have it >> we have gone through a steady process of testing in ordering. you have to be a perks member, and -- that is our loyalty.
3:44 pm
we tested it and moved it to a few stores in boston. this is a test, not a rollout in new york city, where we got over 1600 stores. in may and we tested and at the same time, we wanted a more contemporary feel and a new platform. new york is the big test. if that works, we roll it around the rest of the country later in the year. it is great for consumers. they can save all their orders. comenstance, a mom may over the weekend for their kids or the weekday and she has to go to work and is busy and is in a rush. you can save them all individually and in the press of one button, you and bring them back in, you do not have to talk to anyone, go through the pick it up.h or >> obviously, one of your
3:45 pm
competitors is pinning a lot of hopes on that, meaning mcdonald's. to important is it for you get ahead of mcdonald's here? >> it is not so much competing with mcdonald's. consumers need convenience and they're looking for speed. vision wet a digital are following. -- something unlike whatever we have done. on top of that, we can lock on future delivery, curbside not even tested yet, but this is very important. happening, what is delivery is critical. we have tests in 11 countries at the moment. kuwait are doing things very successfully.
3:46 pm
the consumer is more demanding and wanted there and then. the consumer does not want to light up, so this is a critical part of the strategy, and our franchise -- franchisees love it. it will make it easier for them and will help us find labor more easily. .here are so many benefits this is a very important test. announced u.s. and canada will be stepping down and what is your timetable for the role? >> icon in the industry. he has got a lot of experience. on the franchise side and the company side in the various companies he has worked for, he has been a good friend and supporter. he is around for another year and will help us in the search. we hope to have -- to find a good candidate and replace him. a great plan and a great company. a fun environment. we have got some great products
3:47 pm
and the biggest attraction all day every day as you can get donuts and coffee at work. >> cheers to that. ceo of theairman and dunkin' brands group. a look at some of the biggest stories in the news right now, it is official, comcast is buying dreamworks animation, 3.8 billion dollars, that represents a 51% premium to dreamworks close in april on able to. dreamworks will now fall under comcast universal pictures. jeffrey will become the chairman of dreamworks new media. sally pharmaceuticals may replace as many as five of us to records as soon as tomorrow according to a person familiar with the matter. and planst strategy for the arrival of the new ceo. ceo of a drugmaker is placing the outgoing ceo and will also become chairman. the company behind american idol has filed chapter 11 bankruptcy
3:48 pm
protection. it has blamed financial woes. co-owned by apollo global management a toy for century fox, owes its credit new before hundred million dollars. that is your bloomberg business update. coming up, the close of trading. .ook at the dow down 1% the nasdaq is down 1% at 48 points. the s&p 500 is down 17 points .nd a look at the end surging it is up here 3%. more bloomberg markets is coming up. after the break. ♪
3:49 pm
3:50 pm
david: julie has more from the market desk.
3:51 pm
julie: the dow is on track for the worst single day in nine weeks here at it had been going back to the 13th of this month since we had had a movement of one month or more in the major averages. the s&p, we're still not there but close enough. that we're having them now, it is a bit mysterious is stocks have been muddling along for most of the session. there does not appear to be a specific catalyst driving them lower here at we saw a big drop in the overnight session after the bank of japan did not invest more stimulus in the bank of japan economy and that u.s. stocks largely recovered. it is really the nasdaq that has seen most dramatic turnaround today. it has turned sharply lower in the dow has been lagging all day. the nasdaq 100 and particular and a turnaround today, you have it higher mid morning and then a tumble lower as the day went on. that afterpart of
3:52 pm
carl icahn told cnbc get exited his entire position in the company position, which was more than 45 million shares here it as recently as the end of december. he said he exited it in february on concerns over its chinese business. you see now it is down by 3% but it is large cap tax also point back, microsoft pulling back, how that, cisco, also dragging on the nasdaq. david: how about facebook? >> it is still up but here is the issue. it is 5% of the nasdaq 100, 3 .67 as the composite. only 1.5% of it. the event has been pretty steady here. it is not a huge contributor either -- in other words, take a look here. a supply chain metrics. if you look at apple, you would see here it has 335 suppliers. that number of companies
3:53 pm
potentially could be affected when apple has good or bad earnings. none of the companies is that dependent, particularly when you get down to the bottom of the first page, you do not see the same kind of rising with thing that you have perhaps with apple. david: let's stick with tech. amazon is reporting after the bell. i want to talk a bit about what we can expect. this company has been investing quite heavily, trying to extend that. what can we learn? >> what we will learn is you're seeing profit and that is good as a generalzon rule. because they invest so much, investors have had to get used to the occasional corner were profit does not look so good where there is little to no profit. this is a quarter where you see things trickle through to the
3:54 pm
bottom line. what that says is the investments in same day delivery, quick turnaround, entertainment, prime membership, they are starting to pay off and more and more people are willing to say i want my stuff, i wanted instantly, i want the freedom to order something online, and i will pay the $99 a year in order to get it. more more people are doing that. we want to see how many people are doing it. david call you look of the amazon?, something they are touting. there is an article about the device and how it was created, and the success of it. could that lead amazon to release more information on the products they are making? what will pressure them to do that? investors? >> you will see them increasingly have to be more transparent here it take amazon with web services, for example. this is how a lot of startups
3:55 pm
and midsized businesses and eve -- midsize businesses, how any company gets the power to go to midsize services. it became so big that amazon had no choice but to start disclosing investors in the financial in -- financial opportunity. you get to a certain point with prime and a coke, you start to hear more and more about it. david: there was quarter after quarter where jeff asus was trying to get them to accept profits at all. have we reached a turning point where his long-term investment, the stress on the long-term is starting to pay off? call theot ready to turn point. it could well be in hand. you are starting to see if filter through. these things do not work out. bit of a bomb. at the lobby other hand, a lot of interest in it. a lot of momentum. i am talking to more more people who like it and start to say,
3:56 pm
there is something to the personal digital assistant. i'm using it for more and more things. it is not just syria dictating texts.-- my the digital assistant, the idea is this will leave it -- leave its way more and more. david: that is all the time we have. that is it for bloomberg markets. coming up next. less than four minutes before the close. , 17,000 3 --1.3% 17,807. the nasdaq down. ♪
3:57 pm
3:58 pm
3:59 pm
âi scarlet: we're moments away from the closing bell.
4:00 pm
u.s. stocks closing lower. the s&p 500 falling the most in weeks. the dollar plunging the most since june. joe: the question is -- "what'd you miss?" scarlet: we break down amazon earnings in just moments. joe: plus, the bank of japan surprised investors by holding off on more stimulus. scarlet: president obama praised germany's angela merkel for being on the right side of history with her open doors and on refugees. is it enough at a low point in her popularity? stocks in the u.s. finally found a direction around midday, and it was down with the dow losing 200 points. the worst day for the average since february 11. all 10 major groups dropped, led by tech. joe:

17 Views

info Stream Only

Uploaded by TV Archive on