abigail doolittle is with us now. we're halfway into the trading day, and i guess you haven't been particularly looking at spanish asset classes -- obviously the european closes just happened, but 10-year yields have moved a little bit, abigail. what is happening here in the u.s.? silent: we're looking at decline -- solid declines for the maybury -- major averages. so far, the tragic, breaking news from barcelona, not seeming to have too much of an effect on stock-trading action here in the u.s. what does seem to be training -- impact trading in the u.s. -- uncertainty. if you look at an intraday chart of the s&p 500, you see a decent decline that came behind a speculation of rumors that gary cohn, the national economic council director, could be resigning from that post. later in the 10:00 a.m. hour, axios said that number was 100% false, and not so long accident, the white house that gary cohn -- not so long after that, the white house said gary cohn will not be resigning. last leg lower might reflect the tragic eve

here to discuss is bloomberg's abigail doolittle. do investors ever care about apples june quarter? t's funny. shawn harrison at longbow research says it does not matter at all. it is all about iphone 8 in that super cycle. however, the devil is in the details, so let's take a look at those numbers. investors are looking at when $1.57. if we happen to the bloomberg and take a look at the eeg function, and white we have the stock price. in red we have the best etf's. we see the estimates have been coming down. this really in a way most makes it a low bar quarter while the stock is going higher. this divergence may reflect the importance on the iphone 8 that investors are giving the company a pass relative to what the head. relative to what ahead, we are preparing lots of reports about the idea that iphone 8 could be delayed and shawn harrison said that's a possibility. he lowered his numbers back in june. half the analyst on the street have lower their numbers. the consensus is calling for 43.5 million and a third quarter and he's at 42.8. he says it's not a big deal if they miss beca

abigail doolittle standing by. abigail: we are looking at solid gains. mayor session highs.aq. -- there are session highs. to buy into potential holdbacks are there signs we could see volatility and low and behold after last week's holdout, this week's gains. oppenheimer is saying by the

abigail doolittle is with us now. ail: the analysts are basically saying we have seen all of the slowing growth. what he is talking about is what we all see. basically the fact that there are so many stores everywhere that the new stores do not have a great chance of growing or being profitable. if we happen the bloomberg and tape it would just take a look at the function, this is a map of the u.s. and it shows us all in the u.s., look at this. it is pretty it -- it is pretty incredible. represented here on this map, you can see how they would all eat on each other. targets and airports. it is the main issue fighting against starbucks. the food and beverage innovation has peaked and labor investment apparently may need to be put in play. as a number of challenges. elsewhere.out can everyone is looking forward thinking they could be a growth grabber. it is 14% of revenue, 6%. should some time on the -- on a phone or cheap if it is likely to happen. this is a five-year chart. you see shares have appreciated last fively o

abigail doolittle is here with the latest. igail: we are looking at nice gains for the major averages. we'll tied a rally for the s&p 500, up five days in a row. nasdaq up .8%. the s&p 500 and the nasdaq on pace for their best weekly performance since the middle of july. on the month, let's take a look at the monthly performance in the bloomberg by taking a look at g #btv 2087. we will see for the month of august, we have both the --daq in white and that the let's see if that can be reversed by the end of the day. if not, it will be the first monthly loss for the s&p 500 since october of last year. interesting to see how that plays out. taking a look at one stock that has boosted all three averages this month, apple. today, we see an intraday spike. the eight this month. the company sent out invitations for its product launch event. they will be talking about three new iphones, the apple tv set-top box and the new apple .atch the stock on pace for its best year since 2010. we have lots of winners here with the exception of five

abigail doolittle is here with us right now. we have taken a little turn. abigail: we're looking at small declines. you can see the dow, s&p 500, and nasdaq are fractionally lower. we had a better than a 1% rally for the nasdaq, it 1% rally for the s&p 500. battle between the bulls and the bears, basically even. interesting to see whether these small declines lead to something more. we will be reporting on that as the day trades on. something we don't have is a 5% decline. it is pretty interesting. the other times were back in 1963. 500 shows the s&p as a witness was going without a 5% decline. we can see much bigger gains this time around than in those past times. just think that we are having this rally without any sort of volatility to the downside. we may not have any major volatility to the downside relative to the s&p 500, but retail is a different story. it is a bit of a train wreck. all's is weighing on corners of retail. also beauty also trading sharply lower, down by about 4%. foot locker down 4% also. when w-- it is not a risk on day. the 10 year

joining us is abigail doolittle to break it down. why are stocks reacting favorably?in play. bloomberg intelligence analysts told me that where there is smoke there is fire. we don't know who the chinese automaker is but it is a matter of pricing. he also said it is nothing new. we look to the past. he is been shopping -- they have been shopping out and doing all the right things. if we take a look at what is happening here on the bloomberg -- this is a look at truckhrysler's production. it is going in the right direction, going up over the last several years. this is something that makes them attractive to a chinese automaker. plus, their footprint in the u.s. putting all this together, it looks like fee at-chrysler is again in play. fiat-chrysler. >> how does this compare to gm? >> when we look at ford and gm they have solid truck production but they are not all in the way chrysler is. for not being dinged being electrically minded. if we hopped back into the bloomberg and take a look at this great chart, it shows that we have huge performance over the last 12 month

here is abigail doolittle to explain to us this movement. they did post a smaller than expect a loss as you mentioned so you think that would be good, but they missed sales by 3%. this is the sixth time it has happened in the last eight quarters. a decline in traditional watch consumersnvestors and are going toward the wearable fitness watches. that is a segment for fossil. they have been doing well there, too. but growth was less than expected. plus, on the margin side, they had to pay upward. if we go into the bloomberg and look at the intelligence chart, this is a chart of the gross margins since 2013. we see it is clearly going in the wrong direction. 58% gross margin back in 2013 now closer to 50%. they have given up nearly 800 basis points in gross margins trying to help juice that were business without much success so far at least. at least to the point investors like. if you are also's fossil's ceo are cheap rent strategist, you should see this coming. abigail: there had been a watch cycle decline, plus they are seeing a drop in mall

abigail doolittle standing by. abigail: we are looking at solid gains. mayor session highs.he dow, s&p and nasdaq. -- there are session highs. to buy into potential holdbacks are there signs we could see volatility and low and behold after last week's holdout, this week's gains. oppenheimer is saying by the dip is seems to be working. oil and the energy sector. we have oil trading slightly higher up about 0.4% after a bigger than expected drawdown for oil inventories and a small build from that oil reacting favorably up for the first time in three days or it -- three days. the s&p 500 not so much. down five days in a row. streak.losing perhaps helping energy stocks. and look at some of the industrial metals. big gains for copper, zinc, nickel. dollar, just about flat, giving up some gains. we have pretty decent movers. the top percentage mover for the s&p 500 is freeport, very solid. told methese, mike, that this has to do with the strength in iron. bank -- a dramatic -- nejra: somewhere shorting the metals because of concerns of china. here is hot equities are looking aroun

emily: this record close also grabbed the attention of abigail doolittle. .he joins us from new york igail, when you look at the nasdaq, there is actually a lot of volatility today. >> did was pretty amazing, because the nasdaq opened up by about half a percent, pretty bullish, and by midday was down about 7/10 of 1%, a huge swing of more than 1% on the straight -- on the day. the reason this matters is because volatility breeds volatility. it typically moves toward closing volatility, and don't inget with the tech pullback june, this is an indicator that something similar could be ahead . the nasdaq finished flat, but not surprisingly fitting to that volatile action were some big movers on the day, including upside on that very strong june quarter report, lus the outlook much better than expected. down after wells fargo warned around the generic space, and viacom also lower. apparently time warner cautioned forecasts that wait on those shares. the nasdaq finishing flat, but a lot happening beneath the surface. emily: apple allowing with a high today. we spoke with tim cook yesterday

abigail doolittle is with us, halfway into the trading day. we are seeing a little movements. igail: we are. we have seen a major reversal. .9, nowaq at nearly higher. we also have the dow slightly higher. one movement behind this, erasing the risk off around that north korean missile is apple, a big reversal on the day. we see that the stock has been down but more recently, hitting another record high, despite that risk off tone we had earlier, up about .6, investors perhaps a few forward to the release of that iphone 8 and "the wall street journal" said yesterday it could be released on september 12. she do see shares rally. harvey andrmath of what it is doing to the energy complex, oil is down about 1.5% for a second day in a row. this comes as some of the refiners in texas has -- are shot, and this is weighing on one segment of the energy complex, the midstream, the pipelines. we see enterprise products down sharp in the energy sector down once again in oil trading voyeur. however, gasoline is another story. let's take a look at a five-day chart, climbing higher, up about 1

kicking things off in new york is abigail doolittle. his comes from the technical research firm, a terrific chart, a four-year chart of the dow transport, and lots going on. we see that over the last four years, the dow transport has been stuck in this range. back in 2014, we have the dow transport in a high well before ,he nasdaq s&p 500 and the dow a tell on the bit of macro risk off that we did see at the beginning of 2015. now we have the dow transports not putting in a new all-time sustained high, back in the mini range. it looks like it could put in a measured move back down to the 2009 uptrend and louise says this potentially bearish outlook could change, but the potentially bearish outlook is supported by the weekly number moving down just as it had in the past prior to another big decline. you can find this chart on the bloomberg at g #btv 368. vonnie: that is one floyd mayweather chart. i think this one especially for you, vonnie. this is talking about islands. in talking about the diversions we have been seeing in bond inlds i

that was abigail doolittle.ng with oil now, tropical storm harvey is making landfall once again in the heart of the gas industries. is the bloomberg editor for energy and commodities. this just seems to begetting getting worse and worse every few hours. >> we are in the rear transition now. the worst seems to have passed in houston. is out innally houston which is some good news for that city at least. it is never good news when your refineries go down, but the refineries in corpus christi will start to come back. for now, it is like a rolling blackout on the gulf coast for oil refineries. alix: some companies have announced that they are trying to get those refineries back on track. >> what we are seeing in corpus christie is best in corpus christi is encouraging. we will have to see what happens with the gulf coast near the texas-louisiana border. we are seeing a huge influx of saltwater which will not be great for those refineries and could cause extended outages. right now, the forecast does look a little bi

vonnie: abigail doolittle, thank you for that. president trump turning up the pressure on lawmakers to deliver on his agenda. he promised to build a border wall, even if it means to dire consequences. if we have top: close down our government, we are building the wall. let me be very clear to democrats in congress who opposed a border wall and stand in the way of border security -- you are putting all of american's safety at risk. vonnie: washington chief correspondent kevin cirilli joins me. it was a long speech. a lot to say. what is the buzz in washington, are people taking the threat of a government shutdown seriously? >> they are, uncertainty gripping washington, d.c. and reverberating around the beltway and into the business community. starting to plan for what is certain to the uncertain political september. lawmakers want to tackle tax reform and tackle the corporate tax reform in particular by the end of the year, republicans and the administration say they want to. they first have to raise the debt limit, they have to do

abigail doolittle is here with the latest. abigail: looking at moderate to solid gains for the averages even with that news in the last half-hour. we do have the dow and the s&p by and the nasdaq all up 3/10 of 1% or more. two things really stand out about these gains. the markets are completely disconnected from trump politics, considering that colorful press conference, yesterday and the geopolitical concerns of north korea is a bigger concern. they have cool down -- cooled off, but it is interesting that markets are to some degree disconnected from president trump's politics. this is a intraday chart of the s&p 500 and we see that the index took a small leg lower at that headline crossed, about the fact that president trump's strategy and policy council is said to be disbanding following a controversial press conference. if we take a look at the 10 year yield, it is actually falling for the first time in three -- showing that we are seeing a bit of a haven bid among these headlines and moving parts. here we have that up-and-

abigail doolittle is here with us know. we are halfway into the trading day already, abigail. let's of rhetoric, lets a chatter out there. what's happening to the markets? abigail: the bulls are in charge at this point. we have solid gains for the dow, s&p 500, and nasdaq. in fact, this follows a big move up for the major averages on monday. a big move down last thursday, but the volatility, and very interesting is the fact that ben ammons said this pattern fits what we've seen before when we've had risk off scares like we had last week, geopolitical tensions, so often the equity markets. we then see 5 updates. let's see it tomorrow follows through. one of the big points today, apple pointing in yet another intraday record high, second consecutive intraday high in a row. the fifth this month, just about halfway through. really pretty impressive. look at this, apple year to date up 40%, on pace for its best year since 2010. this after the company recently did offer guidance that is supportive to the stock for the current quarter, plus ahead of the release of the upcoming iphone

care to discuss what this report may bring is our abigail doolittle. talking about how june quarterly results would not matter too much for apple. what about has luck? abigail: it is a great -- what about tesla? abigail: what a great comparison. delivered 22,000 vehicles, less than what investors were looking or. they said this has to do with demand and our bloomberg intelligence analyst said relatively to -- relative to the second quarter, it has everything to do with numbers being pushed down. if we take a look at the -- eeg function, this is what second-quarter earnings estimates have been doing and you can see the are clearly going in the wrong direction. on anmakes the point that annual basis, back in 2015, investors were looking for five dollars per share in earnings. now they are looking for a loss of more than six dollars and all of this as the company spends for the model three, spends for the future. you can imagine there are some pretty big bold bears. vonnie: that is kind of the point, that they spent a lot of money. one would expect estimat

david: thanks so much, abigail doolittle.oming up, some advice from someone who used to occupy an office in the what -- in the west wing, that is ill daily. we will hear from him next. this is bloomberg. ♪ david: welcome back, i'm david gura. more: president trump has another warning today for north korea. the president tweeted military solutions are now fully in place, locked and loaded, should north -- as north korea act unwisely. hopefully kim jong-un will find another path. north'se out after the official news agency accused president trump of drying the north -- driving the north korean political it toward nuclear war. german chancellor angela merkel is weighing in on the tensions with north korea. she spoke to reporters in berlin. >> i think i'm firmly convinced that an escalation of the rhetoric will not contribute to a solution of the conflict. i also don't see military solution to this conflict, but i see constant work as we've seen in the un security council with the members of the security council with resolutions

abigail doolittle has a check of the markets. ail: we are looking a very small moves for the major averages on this monday trading session. the dow and the s&p 500 ever so slightly lower, failing to hold onto the gains we saw around the open, but the nasdaq is ever so slightly higher. of about .2%. down,p 500 being dragged the nasdaq has less exposure, being held by biotech. it's worth noting, it's been about three weeks since we have seen a record high for major averages. it is showing in a breakdown. this measures the number of new 52-week highs for new york stock exchange listed stocks. we see right at the end of 2016, very high and the yellow circle, around 500. now less than 100, which means investors are less enthusiastic. something to keep an eye on, considering there hasn't been these records in three weeks. that take a look at stocks are helping those, apple's trading higher as the wall street journal reports. it is said to hold a product launch event on september 12. shares of home depot getting a .id on the harvey storm

here to talk to us about the declines is abigail doolittle. is this purely a earnings sell-off? abigail: absolutely not. they beat earnings per sales and has more to do with guidance. for kohl's, they put up a solid second quarter but maintain guidance to $3.80 they've had a number of quarters now. a bloomberg intelligence analyst is saying this is not enough. if we hop in the bloomberg and take a look at all day tchart of -- chart of can kohl's. shares spiked higher and investors digested the big beat and had not issued guidance. around here they issued guidance the stock tanked. investors want more and reading into this the second half could be weak and perhaps a weak back to school along with a weak holiday season and in fact one thing they should be perhaps giving kohl's credit for is it we look at this chart, it's a bloomberg intelligence, same store sales or comps charts, we see here the comp was less bad than what investors are looking for. down just so slightly but even so we have the stock down in a big way. it's all about the futures, investors thinking this management

time for "options insight" with abigail doolittle. ef options strategist at interactive brokers. thanks for taking the time. we love having you here. it is pretty amazing -- the last report i was doing, the s&p 500 is higher. a week ago, on pace for its worst the kind of the year. what do you think is behind that? >> another day, another half a percent. what's the difference? the market is in his groove right now, and it seems bulletproof. seasonality should be working against the market now. historically be awful for the market -- august and september tends to be a tricky period for the market. but after a couple of pickups, they lobbed a couple of missiles over japan, and here we go. abigail: speaking of bulletproof, you remind me of a conversation i had after this earlier this week where he talked about this divergence or the separation between old-timers on wall street -- those who have been on wall street before 2008, 2009 -- and after. aboutare a lot who talk how it is a natural and those who have been on the wall street board le

let's turn to abigail doolittle on what that might mean. .esearch analyst let's answer that question about the diversions with another question from the terminal, will we get a correction before the end of the year? one of our users saw your coming on and typed in that question. >> this is the dow. this has been an incredible bull fromt, up almost 250% 2009. it is still going up. place, ands are in moving averages are rising, so long-term aspect remains positive if we look at their weekly . a you look at march, we have mac d momentum that suggest consolidation, but that takes place against the backdrop of a positive, ongoing bull market. >> let's look at the dow transports. could you talk to us about what you are saying? >> this is a problem for dow industrialsecause and transports are supposed move in tandem. the question is that the one moving higher may have to come back and have a correction. barely above the prior highs, and once again, tried to get up and did not. weekly momentum not only a negative divergence from march, but a sell s

first, here's abigail doolittle. abigail: a big miss for them month of july.n attual number came 570,000 homes. this is not entirely surprising. we are certainly seeing this expectedn a less than new home print for the month of july. not much of an effect on major averages. nasdaqdeclines for the well off the lows. the nasdaq s&p 500 have been it is worthto .5% .oting we had a rally investors giving some of that back today on uncertainty. a look at one stock related to 5%,es, down affect -- about on pace for its worst day of the furloughs miss top and bottom line estimates earnings by 3%. they are benefiting for not as much as home depot. results were a bit disappointing. it is having an effect on home depot, down more than 1%. it had been lowered by 1% slipping higher by nearly 1%. to of the for the entire sector. in case you were wondering, there is a small risk matching small the clients for stocks. this is a chart for the 10 year yield. at 7:00, it took a dip lower two basis points. a risk as investors are digesting president trump''s comments trade and a

abigail doolittle is here to save us, and despite all the awkwardness over the weekend and threats of may be receiving international lows, we are seeing an upmarket. abigail: we have a rally on our investors think it's unlikely to affect the corporate outlook. we have the s&p 500 and the dow and the nasdaq all having the best day in weeks, if not months. the s&p 500 on case for its best day since the middle of april of the end of april, pretty impressive rebound after last week's selloff. this is something we have seen quite often. this is g #btv 912 and here is last week's big selloff on thursday, the first 1% down move since the middle of may, followed by the first 1% move off since april. andretty impressive rebound this is pretty typical. whenever we see 1% declines for the s&p 500, they tend to be followed by strong rallies, plus the pullback, they tend to respect the s&p 500 uptrend and stay above the 50 day moving average, and that the blueprint is once again being followed. the one thing he would like to see is small cap in my rebound as well, small cap is up 2% this year, wel

let's get a check of where markets stand with abigail doolittle. igail: very small moves for the major averages in the u.s. dow, and nasdaq have been fluctuating between small gains and losses. fractionally higher. the nasdaq fractionally lower. the nasdaq at one point had been down .5%. index, the chip index underperforming. the nasdaq down about 20% your investors at bit of the stalemate. two weeks of declines for the dow in the s&p 500. now, the nasdaq is on pace for its fifth the weekly decline in a row. the first time we will have seen that since 2012. as take a look at some of the chip stocks really pulling on that. looking at amd. investors could take profits, and it is a tell on the s&p 500. it could be a lead. let's hop into the bloomberg. this is g #btv 9413. a3-year chart. up top, the nasdaq in relation to the 200 day moving average. we see the up trend. that tells us the long-term buyers are in control. on the bottom, look at this. membersnly 40% of the of the nasdaq are above the 200 day moving average and appears to have support. somet

. ♪ >> live, i am abigail doolittle. joe: scarlet fu and julie are off today.e are 30 minutes from the close of trading in the u.s. >> very late training -- trading. >> the question is what did you miss? >> president trump of old a campaign rally in out -- phoenix outset -- arizona tonight. next crisisthe layout? we asked a leading firm during the financial crisis. if you're counting down to the next iphone, we have everything you need to know about the device and how it is reliable second-best strategy. we will explain. president trump's is time time adjusts in afghanistan yesterday was lauded as powerful and uncharacteristically presidential. of thet see glimpses fiery candidate trump essie takes the stage in a rally in phoenix, arizona. he makes controversial remarks on immigration to his presidential campaign pier 1 what we can expect, the bloomberg is this week editor-in-chief megan murphy. thank you for joining us. when you see these rallies, which are unorthodox in the history of presidents as president trump is in so many ways, what is the purpose of it

let's bring in abigail doolittle to talk a little bit about what is happening here. s the context is it has been going gangbusters for a while. abigail: you are right about that. the stock is at session lows right now. more that youoff guys just outlined relative to the writer. -- rudder. they are pretty optimistic. it represents 51% and 38 percent year-over-year growth respectively during good growth, but expectations. sachs have been beating, but they also say the lack is priced in, and i could be why the stock is fluctuating. scarlet: when you look at the revenue contribution, gaining is a big part of it. when you look at gaming consoles, we know how that is going, but there is contribution from the data centers as well as central currencies. abigail: you're right about that, scarlet. gaming has been a huge part of it, 68% of overall revenue, and --ative, about 7% on those autos. that has been a surprise over the last few quarters, helping for then some big beats company, and now it is critical that the company is still into gaming. a bloomberg intelligence analyst

abigail doolittle has the latest. igail: before we look at majors, let's look at shares soaring ahead on the news that the company will consider options after takeover interests. the stock has spiked into that and right now, we will be bringing you more. the shares of this utility company up more than 25% this year, so let's now take a look at the majors. we are looking at a rally, risk on for stocks in the u.s. we had the dow, nasdaq and s&p 500 sharply higher for the best day in more than a year. look at nasdaq, up or than 1%. being held by technology shares from the likes of apple, microsoft, also that and more. -- aand more. there are reasons to think it may not last if we look at this volume term on the bloomberg. this is showing that the average volume represented in the it's about today -- in the blue line is about today's volume. in fact, below the average by 23%, so something to keep in mind. buyers are out there but on lighter volume. in addition, this is typically a seasonally deep time for the s&p 500. g #b

abigail doolittle is with us now and we are halfway into the trading day. e lackluster. abigail: investors seem to be a little jittery

we start with abigail doolittle. consumer confidence for the month of august.he actual index is coming at 122.9, higher than july and very much higher than what we had in the lows. the recovery continues to tread theer and we have a beat on consumer confidence number. we of the worst drop in about a lows earlierf the in the day. than .8%. down more incident with the north korea missile going over japan. he considers that to be a knee-jerk reaction. situations and he thinks this could be similar. concerned if it broke below that range. 500, we look at the bet, all of these chairs are and well biggest drags off the lows as well, dragging nonetheless. risk off days, these are the names of some that risk off. financials really being dragged on by the rally. we see the 10 year yields down 10 tracking financials. we have jpmorgan and citigroup down sharply. eye on the sector. just rounding it off in case you higher question, gold is and a dollars shopping against the yen. and the vases up 13%. still below 13. risk off his relative. mark: north korea file -- fired the

bloomberg west abigail doolittle has more on this stock to watch. why royal caribbean?sessment for the second quarter. they raised the full-year guidance. our analyst says it has everything to do with strong tends -- trends in cruising. let's take a look at the ee function. $1.71 in earnings, beat by 2.6%. nearly $2.2 billion in revenues. stacy 8 out of their last 8 quarters, so everything moving in the right direction. they actually beat on rising estimates. it's not like it was a low bar quarter by any extent. if you take it one step further, something that looks solid here, this is where valuations is. we see is right in line with where it's been. it looks pretty solid. vonnie: it seems like it's not been that long since we had to get over some scandals related to cruising. abigail: the last time i looked at cruise lines last year they were in a tough spot. this year they are doing great. a number of the cruise lines of sharply. 44% at royal caribbean, up this year. we have carnival and norwegian cruise lines both of 30% on the year. some real strength. i did reach b

here's abigail doolittle. of the dow, looking at a mixed open in the u.s. the of the dow and s&p 500 lower. the nasdaq ever so slightly higher. it looks like the bulls are in a battle with the bears. it will be interesting to see how it plays out, especially as we are looking at weekly declines. fourth weekly decline for the nasdaq. first time that is happened since the middle of may. cautious,r has been saying he is less inclined. not a buyernky is of the dip. let's take a look at the movers on the open. looking at the retail space. a mixed bag. gas trading is a little higher. theyrday, the premarket, put up -- ross stores up in a big way, soaring 10%. retail is doing very well. finally, look at foot locker. getting pummeled. ugly quarter there. they missed sales by more than 5%. and they are closing 135 stores up from 100. that is telling us the story that e-commerce is taking a chunk out of the locker cost business. big loser on the day. we did have a big selloff yesterday. charts the year-to-date showing th

joining me to break down why shares are languishing and whether that is typical is abigail doolittle.ical? abigail: that is a good question. i don't know about that, but is volatility around the stock. up 800% over the last three years, driving that gaming chip. not to mention auto center along with auto and data centers, excuse me. this in the bloomberg, this segment breakdown shows what is happening here.it shows the revenue. mainly looking at strength here for the gaming. that is most of what is happening for nvidia, but we also have the auto suggest coming in, and investors are looking for a bigger growth there. they really have to hit the gaming numbers, too. it not entirely clear whether or not they will. as for the exact numbers, they are looking for $.82 and 30% year-over-year growth surprised to perfection. vonnie: any sense as to what the stock might do or typically does after their first big move. abigail: we have a great function in the bloomberg. what we are looking at here, 25% upside surprise in earnings, 8% upside in revenues, and the average price change after a quart

first, abigail doolittle is with us halfway into the trading day. rallying.e are for the dow,

abigail doolittle is here with the latest. abigail: not a lot with the u.s. stocks, fractionally lower but one very small gains and losses during the entire session. this follows yesterday's rally. the s&p 500 up about 1%. nasdaq up more than 1% following last week selloff. a bit of tug-of-war, it is not clear what side is winning from a stock perspective. if we break at the 10 year yield, when the yield goes lower, that says the bonds are rallying. when the stocks were selling off, haven bond rallies. asked outs have a rebound, not fully, the 10 year yield round tripping saying bond investors are not as concerned as stock investors over the recent volatility. speaking of volatility, not a lot for bonds. this is from the beginning of the year. in a blue, the vix. we have this long period of complacency but the last week, a last thursday 44% as fear and uncertainty returned. in white, merrill lynch move index. based on option, barely budged. bond investors are telling us the recent volatility for stocks may not amount to that much. david: for all of our viewer

joining us from new york is abigail doolittle. not a good day for these markets. l: it certainly was ugly, especially the nasdaq, finishing right at the lowest. down more than 2%. that tech heavy nasdaq. i asked street contacts whether or not this pullback we saw today was anything like the pullback we saw in june. june 9 there was a big selloff backhen the nasdaq pulled 4% from there, only to rally. today, more caution. a number of those contacts were more focused on the macro picture, not whether it had to do with tech. one made the interesting point that we have three down days in a row. what changed the trading action feels a little more emotional, which means we could see more downside. others on the street are saying we could see a bit of a correction, a long overdue correction. one reason we break down the nasdaq, there are other momentum sectors. the nasdaq biotech index and the sox, and philadelphia semiconductor index sold far more than the nasdaq and nasdaq 100. sometimes investors see that is a tell on bearish action, maybe this dip turns into something

a lot to cover in the next 60 minutes but first we have abigail doolittle.othing too

times for options insight with abigail doolittle. g the time to talk to us about options and markets. the s&p 500 and nasdaq as we go toward the end of our guest -- end of august on pace for the worth -- for the worst monthly performance of the year. the options market is very quiet. probably from 12 million -- 12 million contracts. i think what people are looking for is post labor day, we do have some events coming up. the fomc meeting ending on the 20th and the debt ceiling as well coming up late september, early october. quiet now, not a great month, but the catalyst that might move equities around are going to play out over the next several weeks. aboutl: we were talking financial stress indicators and there's been a turn in the global financial stress indicator. bloombergchart on the and you and i looked at this in april. can you take us through it? guest: it is the best measure of cross asset come across geography volatility. to me isnteresting late 2014, this moved up sharply and remains in an elevated environment until april o

its time for "options insights with abigail doolittle. thanks for taking the time to joining us. time to join us. you talk about the madness of the vix option. >> everybody has been talking lowt how vix has been so for so long. ofrybody just came right out the gates, and started buying vix calls. you can see, there is about 12 and a half times the amount of calls being traded versus puts, which is pretty significant because there is 735,000 contract by 1:00 p.m.. that is in contrast to about 60,000 contracts for the put. the vix market thinks volatility will go higher and longer. trades of the biggest that happened was a risk reversal where somebody sold at did inhave strike, t those proceeds to buy in october 20 strike call. but this is still relatively cheap compared to historical standards. everybody is still waiting for that big buyout. speaking of the spike in the vix , this hasns activity been pretty standard to what we have seen. if we help on the bloomberg, you talk about record trading days, since august 10. this shows that just

first, abigail doolittle is with us halfway into the trading day.allying.e are for the dow, s&p 500, and the nasdaq. the best day for the three major averages since last monday. the tech heavy nasdaq is gaining by the most. we have a risk on tone. i was enough saying this is par for the course that we have seen areas of -- we have seen investors shake off geopolitical tension. let's hop into the bloomberg and look at this great chart. #btv 2006. we have the percentage of dow stocks above the 200-day moving average. buyers are in control good below tells us buyers are slipping away and sellers stepping in and the numbers of members above the 200-day living average starting to drop closer to 50%. last and today may not the advance to decline line is starting to sag. we will be paying attention to this, but this is something to think about going ahead with stocks higher today. driving stocks higher, lots of the high quality tech and internet names. apple, google, and amazon -- microsoft, and amazon. dow, nothing new here fundamental. we have excitement

abigail doolittle, thank you for that.et's check in the bloomberg first word news with courtney donohoe. courtney: tropical storm harvey is not letting up on houston. the fourth largest in the u.s. has been inundated by floodwaters and up to 20 inches of rain is in the forecast. harvey has drifted out into the gulf of mexico and is set to crash ashore want to get tomorrow on the texas-louisiana border. president trump is on his way to the region right now. refiners in south texas starting to recover from the storm. valero and citgo said to be on the verge of restarting refineries in corpus christi. the secondmakes landfall as expected, the nation's largest oil refinery could be hit. the loss of refineries in that region would leave only facilities in louisiana supplying fuel to new york and other demand centers. president trump is promising that taxes will get emergency disaster aid quickly. he said there will be "very rapid reaction from congress." still there are signs that there may be a political fight over the money.

reason we are going to take into it, we will talk about the reasons with abigail doolittle. ail, what is going on? is this a full on mania bubble? abigail: that's a great question, joe. it is one that's on everyone's mind. i was trained, one of my mentors was you johnson. in my first month, hugh handed me a book called "manias, panic, and crashes." unstable demand or bubbles. media the phases included attention, enthusiasm, greed, delusions. that is up for debate. time will tell. the cryptocurrencies came into conception as an alternative to the fiat currencies. i love this chart, g #btv 30. on the top, we have bitcoin absolutely surging. the point i want to make is that bitcoin was going along flat, flat, flat. up in a very strong uptrend, nearly parabolic. and look at this uptrend. it truly parabolic. almost 90 degrees. according to physics, it can't hold that slope. if we go back to silver in 2009 are 2011, we had silver go from less than $15 up to $50 and we remember the sales crash. joe: that was a bubble. >> you should rank your top 10 bubbles of all time. -- it beinge

joining us to talk about what is happening is abigail doolittle.ting nordstrom from the oak -- from the overall retail malaise? >> someone said they put up a good quarter and the sales by 1% and doing the right things, helped by their anniversary sale and all of this has led to a compise, sales gain did -- sales gain. they were up 1.7%. bucking the trend of the last couple of quarters and trying to move back perhaps to where the gains had been in 2015. they said it has to do with strength and digital. also saying something that separates nordstrom from the other competitors like macy's, and kohl's, guidance in the right direction, they narrowed the range and took up the low end. shares had been higher but other stocks not doing well and maybe overall the sentiment is weighing on the shares. vonnie: there was talk about taking of private, what is going on with that? >> management expressed a desire to go private, perhaps seeing the writing on the wall with the stock up 7000% and maybe wanting to cash in. the ownership tells the story well on nordstr

abigail doolittle is here half way into the trading day. how are we looking? abigail:ank it is a -- it is a bit bullish. the nasdaq higher, at session highs up 0.7% on top of yesterday's 1% gain. factors.litical earlier this with not having an effect. investors looking perhaps i had to strong rooting on the economy and yesterday, the gdp and adp supporting this bullish tail win d seeing economic growth. let's take a look at another segment of the markets doing well, commodities. up on pace for its best a days is june 30. much of a help by the energy complex. up on pace for its best day since june 30, much helped by the energy complex brent crude is up. and a commodities strategist said it has to do with the fact this storm, he said unprecedented storm and energy hub that is bullish for price despite the devastation in a that area. carefully hopper to the bloomberg, a great chart .ommodities, i love this chart while we have gasoline higher on the day, it is not exactly what it appears to be. this a year to date chart and what we are looking at is the september

abigail doolittle is here with us now, and we are halfway through the trading day. at is the story now? abigail: the stocks are mixed, but the bulls are more in charge than not. the dow is down slightly, but the s&p higher by one quarter of 1%, and the tech heavy nasdaq is -- .61%, and looking at the bullish reversal we saw yesterday, stocks opening higher yesterday only to close lower. one reason the s&p 500 has reasoned to turn higher, it had been fluctuating between small gains and losses -- energy. it had been the worst drag earlier, but now we see that wheels trading hider -- oil is trading higher, and we see going into the department of energy weekly inventories report, oil had been down about that 1%, aive 1%, -- 7/10 of bigger drawdown than expected. it is now near session highs. not a big game, but after a couple days of declines for oil, we see that investors are cheering oil up again, about one quarter of 1%. let's hop into the bloomberg and see what is happening. oil energy has been the worst sector, and we now see that energy is among the sectors that ar

one hour from the close of trading, let's get a check on markets with abigail doolittle. l: we are ending the week with a bit of a bullish pop here. the nasdaq had very small gains, flipping between small gains and losses. overall, we are working with weekly gains. the d.c. and president trump's policy, what he can do with the debt ceiling and keeping the government going. despite that, we have weekly gains. we see the dow, s&p 500, all higher on the week. the s&p 500 in three weeks, the nasdaq finished down this week and it would be the largest losing streak since 2012 and that was averted. we have weekly gains. helping a bit of a dovish tone there. let's take a look at the winners on the week from a percentage standpoint. jewelers popping up higher, they did put up a big beat and boosted their digital effort. track supply, trading higher ahead of hurricane harvey. we also have western digital of 9%. and a look at macy's, up 9% as well. not every week we see macy's higher. the company is under lots of pressure. he's very strong on digital. ,nd finally, rounding it out pro

abigail doolittle is with us now and we are halfway into the trading day. it looks a little lackluster. abigail: investors seem to be a little jittery with next trading action. looking at have been slightly bigger declines for all three of the major averages. 500 is down but investors seem to be a little uncertain. but investors seem to be a little uncertain. there were political concerns last week so investors are taking a breather perhaps even a bearish hangover. we have stocks down several weeks in a row, the nasdaq is down for its fifth week in a row, the first time that will have happened since 2012. lots of uncertainty and we break this helpstor wise, to exploit why the s&p 500 has popped higher. telecom and real estate are up top. yields art down ever so slightly. these are high dividend yielding stocks. they look more attractive when yields are lowers and that is weighing on financials, the second worst sector for the s&p 500. on the bottom is energy, down about 7/10 of 1%. yield is down about one basis point, represented in greenwich tells us that h

abigail doolittle has the latest. >> today has been a wishy-washy day for the markets, small gains and losses for major averages. right now we have small declines for the dow, s&p, and nasdaq. a decent amount of intraday volatility. the nasdaq had been up .4%, down .5%. some uncertainty ahead of jackson hole and janet yellen speaking tomorrow. we have another source of anxiety, oil, down 2.5%. this has to do with harvey, according to the storms in -- according to a commodity strategist here at bloomberg. with the refineries closed it means lower demand for oil and more supply, helping to explain why the price is going down. in the meantime, the demand for gasoline is going higher. we still need to use gasoline in the real world, and that is helping some of the refineries. valero energy among others trading sharply higher. is going higher and that is the difference between the input price for oil, which is going down, and the out what, gasoline. as that widens, that means more profits. helping to explain why these refiners are trading higher on the session. finally, oil is turning into