i am abigail doolittle.s the federal reserve factoring in trade tensions into its projections for the u.s. economy? this week in zurich, the fed -- the new york fed president addressed this issue in an exclusive conversation with bloomberg's catherine hayes. >> i do think of the tariffs as a way, it's a negative supply shock. it has a various effect on the economy. it affects inflation. it will boost inflation over the next year. it affects demand and growth in the short run. it also has negative effects on the value chains in our economic system. thinking about that question, we just have to keep assessing, evaluating, what are we learning from the data? also the broader set of developments we're seeing. i don't think there's any threshold or specific point. it is just assessing where we are in inflation in terms of our goals, because we need to get inflation back to 2% and keep it there. at the same time, making sure we can sustain the economic expansion as long as possible. we need to assess and evaluate.

i am abigail doolittle.e we should look for deals. mark: at the end of the day, it is the most risky countries, whether it be turkey or argentina. it is also aligned with a lot of rates, so it is getting difficult to find good deals. mark, if you wind up having china data and the trade war, how do you buy southeast asia there? mark: exactly. if you look at trade in asia in general, that they factor for most countries is china. china is importing less, all of these countries are going to be hit. we have to be cautious looking at each and every one of these to see whether they will be affected by the situation in china. david: mark, give us a sense of the timeframe, especially the u.s.-china trade dispute. in there other opportunities south east asian countries where they have supply chains that are altered? mark: we're looking at places like vietnam, bangladesh, where a lot of chinese factories are moving their production. so you have ok, exports of low-cost goods from china to the u.s. are going down because

here's abigail doolittle. abigail: we are looking at a bit of a rebound for global equities.e a look at the s&p 500 and the nasdaq in the u.s., the first update in a holiday shortened week -- first up day in a holiday shortened week. also true for the stoxx 600 in europe. the msci index on pace for its best day in about two months. the big source of relief, the 10 year yield. bond yields around the world falling. in the month of may, that has been pressuring investors worried about economic growth. right now we do have bonds trading slightly lower, with the 10 year yield up one basis point , providing enough relief for emerging markets, which are more sensitive to rates and currencies. when we going to the bloomberg, there's reason to think we may see more ready for stocks even though the s&p 500 is technically confirmed for a continued drop. what we are looking at for the the 200 dayd is moving average here. this confirms the 10 year yield to drop below about 2%, but in the near term it is very likely we could see the yield back up to about the 50 day moving average, right b

here's abigail doolittle. ail: the s&p 500 and the nasdaq both opened lower. 1%,s&p 500 now up 3/10 of the nasdaq up 7/10 of 1%. this has everything to do with the headline about president trump, said to delay auto months.for europe six all of this ahead of the headline the shanghai composite having an update, up 1.9%. at ourlso take a look next board, we see that the nasdaq futures tells the story of volatility. overnight slightly higher, and on the open down, reversing that loss now, up 8/10 of 1%. reversey we had a big on last week's selloff. let's take a look at the automakers on that tariff headline. we have a nice rally for not just the automakers here in the u.s., but certainly the european automakers. fiat chrysler, daimler, and bmw all higher. let's take a look at beyond meet. we have a spike -- beyond meat, 10% as a spike up about they will expand about 20,000 stores. they are now up about 250% on an ipo. really pretty amazing. guy: thank you very much. abigail doolittle on the markets. bank,barrow of

abigail doolittle standing by with some details. it is of course the final day that institutional investors with $100 million or more have to put in their filing. lots of big names just coming out right now including soros, icon, tiger. here,ing to our work verizon, alphabet, amazon, and others. tiger global has more than doubled. now the third biggest position for tiger global. in 21rs sold stakes companies, from a macro standpoint, early 13f's suggest we have telcos. of course, we are waiting for the big one. here's a chart of apple behind me. lots of volatility over the last year. right now in a correction. everyone will be waiting to see what warren buffett berkshire hathaway did with their position. caroline: let's get you a quick check on the latest business flash headlines. shares of tesla fell today. they reduced delivery estimates across all electric car models. tesla still trades at a huge valuation premium. beyond meat. the post-ipo rally resumes again today. shares rose by double digits to a record high. beyond meat got

abigail doolittle is with us. abigail: it is looking rather bearish on this last trading day.t is the first and worst down a month in the year. you can see the s&p down 1.2%. lowest, notlso its on pace for the worst week, but still we see decline. 1.7 percent.down china down only a quarter of 1%, so the tariff threat is not rippling through their during that session, and the overall trade war, perhaps seeing a little bit of relief. chart, we at this have the shanghai composite which led this year's big rally. the other index is here, the dax is here, and the s&p here. the point is china led all the in april.eaking back it is starting to pickets head back up. the s&p 500 technically is confirmed for a drop down to at least 2650. let's take a look at the gap on pace for its worst day since 2016 after they missed estimates. consolation rands and kansas city, both of these names are getting pressured by the tariff threats by the president against mexico. and another piece of this story the bond rally, we are going to see that earlier in the session it did hit a record low, -21 bas

let's check in with abigail doolittle. ail: there is certainly a risk often for global equities. take a look at the s&p 500 and nasdaq and the u.s., down 0.5%. we saw a reverse from lower to higher yesterday. maybe that will happen again. the nikkei falling 1.2%. investors shunning risk assets. it has confirmed the head and shoulders pattern we have been looking at in the bloomberg terminal. let's take another look at that chart on the year. some traders and investors buying well when there was macro uncertainty, adding to those positions, but those traders uncertainty whether the rally deserved to be in place, so taking profit slowly so as not to disrupt their profit taking. the pattern is now confirmed,'s adjusting we could see the s&p 500 fall 22650 -- confirmed, suggesting we could see the s&p 500 fall to 2650. selling thatestors high-quality name. the premium holder of michael kors having a down day. the big story really the rally and bonds. it confirms the selloff we are seeing in stocks. take a look at the monthly ch

we will get to abigail doolittle and ian king is still on the phone dealing with these results. are saying iphone demand in china has improved or at least stabilized. these numbers from qualcomm tell a different story. abigail: in terms of the quarter they just reported, they did beat top and bottom line estimates. the third-quarter earnings guidance of adjusted earnings of ,.70 to $.80 at the end interesting to what you just saw a, the divergence between apple, their strength with qualcomm having a weakness, it goes even deeper. when you look at that fourth quarter guidance -- that first quarter guidance, you break down the royalties, those are impressive. it tells you the handset business, the core business, is weaker. the expectations they've been talking about in terms of declining movement. they are all about the high end handsets. the high-end handsets for qualcomm not doing very well and likely to be made up from some of their other businesses. that divergence probably has a lot to do with the high end .andsets that qualcomm emily: we now know the number apple is paying q

i am abigail doolittle.s dominate the gustssion this week with approaching the topic from every angle. here is a sample of the conversation with mark mobius regarding where investors should look for yields. it is in the emerging markets we have better yields. it is in those most risky countries where dass whether it be turkey or argentina, that is where you get yields. unfortunately it is aligned with risk. it is getting difficult to find good yields in these markets. seems like part of the sales six months ago is southeast asia but if you have run a data rolling over and trade, how do you? the trick, theat biggest trading partner for those countries is china. if china is importing less, these countries are it. we have to be cautious in looking at each and every company and those countries to see whether they are affected by the situation in china. sense of the timeframe you think about when you start with investing, particularly when it comes to the trade dispute. if this goes on indefinitely, -- forthe opp

emily: bloomberg's abigail doolittle, continuing to watch the market. thank you.rexit day came and went on march 29 and the u.k. remains in the eu for now. the lingering uncertainty of what comes next is a prime concern for the president of india's second largest ip provider, infosys. he compared brexit to another infamous global event, y2k. take a look at this exclusive conversation. >> it is something that is of huge concern to a number of our clients and therefore a huge concern for us as well. we work very closely with our clients and what they are telling us is that the uncertainty is really impacting them, impacting their investment plans. the big concern for our clients, they don't know what impact it will have on their business, what impact it will have on their people, and what impact it will have on their end line. it is uncertainty and the uncertainty about the uncertainty. no one knows if there is a fixed date. there has been a comparison drawn previously to y2k. but most of us know when y2k would come to a head. in this case, nobody knows if it will b

markets.e a look at his avid give doolittle. abigail: the exit -- here's abigail doolittle. ail: the s&p on the nasdaq both down about 9/10 of 1%. the stoxx 600 down 1%. china down 5.6%, the worst day since 2016. interestingly, there's not a huge haven bid. the two day chart of the 10 year yield, and last friday we had that strong jobs report, we actually had a rally for bonds. that was an early's out -- an early signal of the volatility. a bit of a rally for bonds, but not truly fearful. as for some of those technology laggards having to do with the possibility of an escalated with war, looking at apple -- the possibility of an escalated trade war, take a look at a year to date chart. we had aspects of the risks trade selling off. if we look at the bloomberg chart in the terminal, we see that the stocks, china and oil all selling off. oil up more than 40% on the year. composite now down -- up, i should say, less than 20% on the year. the question, the s&p 500 about flat. are other aspects of the risks trade setting off more volatility to the downside for the s&p 500? guy: fa

it has been a tough month here is abigail doolittle. igail: the last date of the trading month shall -- shaping up to be a rough day. 500 is now down 1% of the german dax down 1%. it is to some part in reaction to the huge rally we are seeing global bond. take a look at the german 10 year yield, down to basis point. investors paying the german government to park their money. that is the degree of uncertainty out there. here in the u.s., yields rallying on the week, that is pressuring the s&p 500. here is-day chart of the s&p -- four-day chart of the s&p. tensions ratcheting up. bond fears pressuring. there is one area of the previous. we almost had talks in the market a week ago, but now down just slightly. to give you a sense of why it is not than more, the worst performer is down 1.7 cents, this area outperforming on the this area%, outperforming on the day. this is a look at the s&p 500 monthly gain. ofatility in the beginning 2018. big worth quarter down. just to do across asset check on the month, it is risk off. the essence 500 is

here's abigail doolittle. abigail: we do have a risk off tone after three updates for the s&p 500.et's take a look at the s&p 500 and nasdaq today, both down. we also have declines in europe, the german dax is down .9%. the shanghai composite is down 2.5%. one of the sparks for this bearish tone on the day is the fact that china is in no rush to negotiate with the u.s. over trade. they are getting tough to president trump's tough talk. president trump does not like that. when we go into the bloomberg and see what is up on the year, until two weeks ago, the s&p 500 up 18% on the year. so, mainly gains for the indices, but take at -- take a look at these in white. investors are more bearish on a length basis than they were in the fourth quarter of last year. we have the nasdaq and s&p 500 on track for a second weekly loss in a row, the first time we've seen that since big declines last year. a little shift in an inflection point for what we see around stock investors. next week will be critical. confirming this risk off turn on the week -- tone on the weekend day. if we look at other

here's abigail doolittle. abigail: we have a bit of a risk on fair global markets.he nasdaq outperforming the dow and the s&p 500. its first update in three days after losing 1% or more. a bit of a rebound. the question is it a dead cat bounce or the beginning of some kind of uptrend. right now we have the chip stocks seeing a bit of a retreat -- reprieve after huawei. take a look at this. in the month of may down 12.3%. the stocks had been on pace for its worst monthly performance since november of 2008. at that point yesterday we were back to those comparisons. it's going to be interesting to see whether the reprieve lasts. as for the strength today not just for the stocks and the chip sector tech overall. thestors stepping back from huawei news and the backlash around the blacklisting of the supply chain and the ripples we are seeing from the chip sector. today perhaps looking at it with cooler eyes. up 1.4 percent. earlier yesterday apple from its high in april or early may had been down more than 15%. almost a bear market. today a little give a reprieve and we

taylor: i want to get a check on the global markets with abigail doolittle. ail: we are looking at a selloff on this thursday. take a look. here in the u.s., the s&p and the nasdaq down 1.3% or more, on pace for the fourth down day and a row and the worst four days since december 24 of last year. investors selling stocks as trade tensions escalate. the cac in paris down 1.9%. emerging markets also selling off, leading the way, down 2.5%. here in the u.s., something very interesting is happening. the s&p 500 has absolutely moves through its 50 day moving average. we have a tell on near-term momentum buying in yellow, the 200 day moving average last year during the volatility down to fall.that average last right now we are below the 50 day moving average on the s&p 500,'s adjusting we are likely to see the s&p 500 go down towards the 200 day moving average near 2780, so more selling could be ahead. yen, we are seeing investors seeking safety. the vix back above 20 as uncertainty and volatility returned to the market. as we take a look at a four-day chart of the

let's check the global markets with abigail doolittle. ail: we are starting to see some interesting whippy action here. earlier the nasdaq and the s&p slightly down, slightly up. sarah sanders of the white house is saying there is optimism that perhaps there will be a trade deal. resturopean indexes lesson -- is less impressed, so just slightly higher. let's take a look at the emerging markets, down for a third day in a row. this is the worst three day stretch for the emerging market index since early december. this tells you some investors are still skeptical that a trade deal will occur. as for some of the big movers in the u.s., really moving the s&p 500 to the upside and the up.side, diamondback energy a strong quarter and outlook. trip advisor down 14%. they missed and offered a mixed outlook. devita health down 8%. it appears that reimbursement issues are at play. let's bring it across asset class, and bring emerging markets into the picture. this is a 30 day chart. oil, and blue the s&p on a rally,as been outpacing the other areas o

let's find out about markets now from abigail doolittle. igail: we are looking at a global rally for stocks. take a look. up 1.3%.q flying away, 4/10 of 1%. emerging markets rallying up .5%. some calling it a goldilocks report. the reaction we see would suggest investors think that is the case. we are looking at a mixed week. we take a look at the weekly performance for the major averages in the u.s. and mymonster gains limits, the downside, the upside. we are looking at a downside for the dow and nasdaq. the as and be 500 fractionally higher. it would be the first down week since march 27. movers, for the rubbermaid maker among other products surging up 11.4%. monster beverage best since 2017. of -- up. a strong global pursuit helping their business. amazon up 3.1%. this of course on the news that warren buffett's berkshire hathaway has acquired its stake. let's take a look at the german bund. we see similar to the u.s. after that payroll report that are than expected, a rally for bonds. something that this has to do with the fact that the

let's check global markets with abigail doolittle. ail: there is certainly a risk off tone for global equity markets. this, of course, on the trump tariff threats. we see big decline for the majors in the u.s. the nasdaq down more than 2%, and tech getting hit a little harder on the possibility that if china were to retaliate, president trump is proposing it could be against the tech sector. the german dax down 1.6%. the shanghai composite, with all of this starting in china, putting up its first day in a week, down 5.6%, its worst day since 2016. this is not entirely surprising. let's take a look at a technical chart of the shanghai composite we looked at over the past couple of weeks. we have the shanghai composite over the past five years. the momentum indicator, the rsi, going from overbought to oversold. then just meandering around 3000. this year a greater than 30% rally, and then capped off the level of resistance, going from overbought to oversold. there could be some more selling action for the shanghai composite. there's not

here's abigail doolittle. abigail: we are looking at a big down day for stocks around the world.he u.s. near session lows, the s&p 500 down .2%. the nasdaq -- down 2.2%. dow alsoq down 3%, the near 3%. the dax in germany down 1.8%. the shanghai composite, which has been in a correction for weeks, down 1.2%. that is really where it all started. this has a lot to do with trade tensions, plus a big unwind of this year's rally. if we go into the bloomberg and see what has been done technically over the last year, both of these indexes trading at a range. neither the bears nor the bulls winning at either end. it will be very interesting to see whether support does hold should the bears test those levels. ofht now the ferociousness the selling power does suggest we could see that. the big decliners in the u.s., the tech sector. 21% of the s&p 500 down more than 3%. apple back below its 200 day moving average, suggesting we will see that happen for the s&p 500. this having everything to do with china. 20% of the revenue comes from china, plus their supply chain very caught up in china.

let's get the details from abigail doolittle. abigail: we had a risk off day on this monday.e a look at the s&p 500 and the nasdaq. you will see declines. the s&p 500 down 0.5%, well off session lows after two down weeks in a row, the first time we have seen that for both the s&p and the nasdaq this year. the nasdaq down 1.4%. 1.5%. down, too, if we go into the bloomberg and see what is happening sector wise, we see a bit of a risk off tone, not quite what it was at the open. sectors that are outperforming, utilities and consumer staples. those are defensive sectors, so investors going that way is rates are about flat relative to bonds. energy rallying, with oil trading higher. 1.6%.he big loser, down that is true over the last few weeks, now down about 8% since we had risk off over the last 11 sessions. let's take a look at what is happening on the day. serious declines here. ,pple a big drag, down 17% hitting its 100 day moving average for the first time this year. chip suppliers also taking a big hit. if you go back into the bloomberg and take a look at a chart we've looke

here's abigail doolittle. abigail: shaping up to be an interesting day.e a look at the dow and the s&p 500. these had been higher, similar to the nasdaq. the nasdaq actually flipping read right now. investors not having a lot of conviction post fed. we also see the ftse 100 down for tenths of 1%. let's take a look at a two day chart of oil, down for a second day in a row, down 4%. wti crude having its worst day of the year, the worst two days of the year for oil. that is off of the ism manufacturing report yesterday. often, stocks and oil trade together. that it is also weighing on some of the s&p 500. eog resources down 1.8%. to the upside, qualcomm trading higher after earnings. they did beat estimates, but a bit of a relief quarter with that apple litigation out of the way. metlife beat. those shares are up 4.7%, beating profits under the new ceo. finally, one winner over in london, royal dutch shell. missedup 1.8% after they shale, but beat on earnings. 4% onndex up closer to the year, so some relief here. guy: the gas side of the business really driv

joining us now is abigail doolittle. ail: there is certainly a bearish tone to markets on this thursday. the s&p and nasdaq on pace for down day in a row, all of this on increasing trade tensions fears. the dax in germany also lower 1.5%. all of this started with the shanghai composite, down 1.5%. that index, in an official correction from its april levels. this risk off is confirmed by the yen. let's take a look at the five-day chart of the dollar-yen. it is falling, down 1.7%, the first time we've seen this since december 24 of last year. investors fleeing toward the safety of the haven yen for they decide what's next around trade. let's take a look at a chart we've looked at frequently over the last few months. we are looking at the year-to-date chart in yellow, oil in white, the stocks in aren't, and the shanghai composite in a correction. the s&p 500 hitting an all-time high during that time period, but now starting to wane. tech, materials, financials, and industrials many of the companies making up these sectors. m

abigail doolittle has the details. ail: we will be looking at one area of strength, but we do see declines for the major averages in the u.s. the dow down about 4/10 of 1% off its lows, and the nasdaq down 1.2%. this have to do with technology falling. we also have declines in europe. asset -- from a cross asset standpoint, the bund is trading lower by two basis points. really remarkable that investors are paying the german government to hold their money. overall risk off, but on the day, not risk off, as those bunds try to little lower. our markets producer, who pointed out that last week was the best week for corn since july 2015, up 10.2%. not so much to do with trade, but midwest farmers unable to trade corn, so we are really seeing a bid for that commodity. vonnie was talking about we diss for the chips. stoxxocks down -- the down 6.2%. let's take a look at the weekly chart. we were looking at this last week on a different hour of bloomberg tv. the sox still above the range. this goes back to 2015. we see the battl

abigail doolittle will translate for us. abigail: you're right. as they go to the s&p 500.igher as you can see. well off the highs, the nasdaq -- giving up those gains and housing data disappointing perhaps being weighed in. we have the dax in germany down slightly and emerging markets off slightly. based all of this, we have a bit of a haven bid for bonds. reminiscent of last 201 stocks started higher. bonds were also higher and that, you can see the 10 year yield is down three basis points. in germany, down one basis point. pretty amazing they're using -15 basis points. that really again provides a .ense of uncertainty out there in terms of what is moving in the u.s., tech is one of the top sectors held by microsoft a lot $21.5 billionred being bought by global payments, but take a look at another big day for stocks. we look at a chart we have looked at before. it is an interesting picture. we're looking at the s&p 500 in blue back in 2015, we have seen volatility, when stocks rollover, that is bearish on the s&p 500. used today and up and away. look at leicester's big vo

let's check global markets with abigail doolittle. ail: we are truly looking at a global selloff or stocks. the s&p 500 and the nasdaq both down more than 2%. the nasdaq more than 3%, its worst day since early december. investors really continuing last week's selloff, the worst of the year, into this week. it is not just in the u.s.. the stoxx 600 down, and emerging markets down 1.6%, being dragged by china. china officially in a correction, down more than 10%. the s&p 500 on this bearish action over the last six sessions or so. let's take a look at a chart we've looked at often. this is really telling the story of a battle between the bulls and the bears over the last 18 months or so. neither side winning right now. the sellers are pushing the s&p firmly below the 50 day moving average, perhaps toward the 200 day moving average, maybe even back below the 2800. take a look at the rsi, absolutely plummeting towards oversold conditions. it will be interesting to see whether the buyers pick it up. for what is dragging in the u.s., let's l

let's check on markets with abigail doolittle. igail: we do have a bit of a relief rally for global equities in the u.s. look at the s&p 500 and nasdaq, both up when five percent or more, after falling 1%. greater than 1% yesterday, and down three days in a row on the week. the dax in germany up .63.the shanghai composite basically finishing flat, fractionally higher. it is important because back in april, head of the s&p 500's all-time high, the shanghai composite was turning down. we have had volatility. if we look at a chart and the bloomberg, a weekly chart of the s&p 500, is could be a concern that goes back to 2017 into 2018. if you recall january, a terrific month for the s&p 500, then the volatility taking the stairs higher in october, kicking off the volatility to big down weeks -- excuse me, three big down weeks, taking the volatility sharply lower, sharply higher, and right now we are looking at three down weeks in a euro. the question is -- three down weeks in a row. the question is if we are continuing a pattern we saw

here is abigail doolittle. igail: we were looking at solid gains for the major averages in the u.s., we had decent gains in europe. look at the mixed reaction with the s&p 500 going from up more than .5% to down fractionally. the nasdaq fractionally higher. it will be interesting to see how the afternoon plays out as we are in a new time of risk off. and the dow transports leading the way, down 1%, and in the asian section, -- session, the nikkei was down fractionally. the dow is not on the board, but it is doing something interesting, which is another down week. we are going to see five down weeks in a row for the dow. the worstt two are two down weeks in the dow, but the length of this losing streak, the longest on a weekly basis for the dow, going back to 2011, so we are in a risk off period. some of the biggest drags for the s&p 500 on a weekly basis, apple, and many of the chipmakers. qualcomm down 18%. each of these stocks now down three weeks in a row. apple close to a bear market, so a very bearish tone.

now it is time to get a check on the markets with abigail doolittle. abigail: we have gains in the u.s. on this wednesday. take a look at the dow, the s&p 500, and the nasdaq. -- the dow the s& and the nasdaq modest gains, the s&p 500 up for the third week in a row. i think every one has to know this has to do with apple, but take a look at crude -- down 1.8%, having to do with the inventories report and the disappointing i is an report, a global growth and economic demand is slowing. stocks are trading higher. to the apple board, because we will see that we have the shares of apple trading higher, helping out the nasdaq -- all three majors, but the nasdaq the most because of the heavy weighting, of six point -- up 6.7%. other apple suppliers are higher on the positive report from apple, june guidance was good, suggesting they could return to growth. this puts them in a position to take on microsoft from a market cap standpoint. we have microsoft, amazon, and apple in that race for a $1 trillion market cap. microsoft recently above that $1 trillion, com

markets.ck those abigail doolittle is with us. ail: here in the u.s., bonds have been trading lower earlier, yields higher. now they are reversing. over in europe, we see the german dax still closer to the highs of 0.5%, with bunds still trading slightly lower. the question is whether this big rally we have seen over the month of may is a sign of slowing. if we go into the bloomberg, let's take a look at a very interesting chart that we took a look at with dan russo yesterday on smart charts. dan russo says this is a tell only markets. what we are looking at is a ratio of chips, typically a onding indicator used volatility. certainly leading on the volatility, that big downturn in the fourth quarter. take a look at the huge divergence between the stoxx and the s&p 500. really a tell, perhaps, that there could be more weakness ahead for the broader markets. as for the stocks on the day, we do have a gain, a bit of a reprieve there. some of the big movers on the day for the chip sector. take a look at this. qualcomm, texas instrument

joe: it is time for smart charts with abigail doolittle. ofgail, another day volatility for stocks. the s&p 500, finishing off the lows. let's look at everything happening for equities, especially the chip sector. we do have some near-term volatility as joe was talking about. the s&p 500 in the month of may down 6%, the worst down month of the year. you are taking a longer learn look with this weekly chart. this is going back about five years on a weekly basis. yellow line is the 200 week moving average. it is interesting to me, at first glance, a secular trend. a little while since we turned over, dancing with the 200 day moving average. think we willdo break through. model, our 20 factor coming into today, for the first time in a while, there were more bare stocks than bullish stocks. i would not be surprised to see the 40 week moving average and 200 day moving average break to to downside i'm starting think a 50% retracement from the december lows to the may 1 highs. below 2800, confirmed for your number of 2650. a correction, healthy. there could be some reason to think it might

let's get to abigail doolittle. we will get to abigail in a moment. guy, you have been watching the ipos and it has been a successful day on the u.s. side of things with the nasdaq and nyse posting very successful debuts of trading for these companies. guy: i think both are fascinating. very different stories, very different business models for the one we've been talking about over the last few days. these are more understandable business models with lyft and uber. avantor is in the chemicals business, a different one that uber is in, that some would argue. the copy one is really fascinating. huges a business that has numbers of sites across china, has chosen to raise money in the united states. is this going to be a competitive threat to the likes of starbucks? this takes us to a different narrative as well. looking at what u.s. companies can do in china if this trade narrative becomes more difficult, how will chinese consumers view businesses like starbucks? we will wait and see. apple is another one we could potentially be talking about there. let'

abigail doolittle has been keeping an eye. ail: there's been a reversal in that headline run president trump planning to delay imposing tariffs on european auto imports by six months. fractionally. the day starting off with a risk off tone, but now the nasdaq marginally higher, and the dax really reversing, up 4/10 of 1% on that headline. some european automakers in particular doing particularly well. emerging markets up 1/10 of 1%. we take a look at the haven yen over the last 20 sessions or so, we are going to see that some investors were going into this haven currency well ahead of the selloff we have seen for stocks this month. over this time period, the dollar down 2%, the yen rising by 2%. some investors are still seeking safety. that is true for bonds. if we take a look at the 10 year yield, it is lower, telling you there is a bid for haven bonds. that is weighing on all of the banks. this is one of the worst sectors for the s&p 500. guy, back to you. guy: thank you very much. oil is trading lower today. the iea cutting

david: thank you so much to abigail doolittle. southern ceo and brooke sutherland, bloomberg opinion columnist. outperforming the volume as well as the isn manufacturing. is that what is driving that? we are working on a new plan that combines growth and efficiency. you become more efficiency but you also pursue growth. rates: how do truck impact your ability to raise prices? of truckcutting-edge rates has softened recently. the non-asset-based transporters have seen some softening truck rates. historically speaking, truck rates are high and trucking remains tight. and have afrom that big business which plays into the trucking sector. keith: you mentioned -- brooke: you mentioned your new land that adheres to the principles of precision railroading. you've seen that adopted across different railroads. at what point does that start to swing the pendulum toward rail and take more share away from the truckers as an industry jim: ? that is our goal -- industry? jim: our goal is getting freight from the highway to the railroad. we have

abigail doolittle joins us now. ail: we are looking at tiny moves up and down for the major averages after the big today --loff, the worst nasty big the big two-day selloff, the worst since january. a bit of a divergence globally. the shanghai composite in a correction from its april highs, the 10 year yield down four days in a row. there is a solid bid for bonds, but only down nine basis points over those four days, so not a panic bid for bonds. if we go cross asset class and take a look at the sectors, we see a small move there as well. we have an even split here. ,eal estate up 6/10 of 1% utilities down 8/10 of 1%. most of these sectors moving less than 1/10 of 1%. finally, as we take a look at seess asset class list, we the bloomberg commodity index barely moving, the haven yen barely moving, the euro barely moving, and gold. we are looking for investors to break the stalemate. it will be interesting to see what it is. emerging-market still underperforming, though. guy: absolutely. still ahead, we will talk about

abigail doolittle has the details. abigail: here are the global markets.ooking at s&p 500 and the nasdaq, the s&p up .02%. a greater move for the nasdaq up half a percent and we'll look at a moment why. the dax in germany up slightly and we do have the markets in japan closed for golden week and china for labor day. this is a good look what we have going on around the world. as for what is helping out the nasdaq as opposed to helping all three indexes, apple, let's look at a chart, we'll see big gains on the year, of 34%, up 35% and now today up more than 5%. this of course on the march quarter report that was better from the top to bottom line. iphone sales also topping out, not a lot but coming in at $31 billion. important guidance for the june car, suggested they might grow again and some analysts are on the sidelines, considering there was a run this year and they want to see more and it's helping out the happenle overall and let's look at the stocks along with the apple suppliers, up half a percent and sky works up 7.7% and we had a good report out fo

now let's get out to smart charts with abigail doolittle where we walk through the latest market analysis looking at the dollar. we are looking at bank of america, merrill lynch. before we take a look at oil, or the dollar, let's take a look at oil. oil was lower ahead of that turndown. here is your chart of the oil. >> we had a very nice downturn in oil prices. the bottom ofrked the head and shoulders base pattern. this was completed here in january, which allowed us to project for rallying oil prices. midbreakout .2 about the 60's. the oil prices have reached about $65 a barrel or so. we think that is the potential area where that begins to develop. last week's price action is very interesting. pressure on suppliers to ramp up, et cetera. this forced price action to eight new 10 day low. it is about a 13 day low. the top begins to form in the oil market and if this trendline breaks, oil markets -- oil prices could be at risk for a greater decline. thinkl: a lot of people the trendline is to show a trend. if we do see a reversal, where do you think we could see oil go in the near to medi

. ♪ romaine: time now for smart charts with abigail doolittle, where we walk through the latest markets. abigail, i hear you are taking a look at the effects of this week's trade induced stock volatility. abigail: some damage has been done to the charts. to do this with me as david. thanks for taking the time to join. , is bullishnd, ari on tech. but you are bearish on tech. we have a bull-bear battle. david: i hesitate to disagree with him but i will give the alternative thesis. i talked with my clients about a series of timelines you have to pay attention to. the nasdaq is one of the key ones. you start with the low in december, -- in december. you tested in march. even though the s&p 500 potentially has broken down earlier, this is such a violent swing that is the beginning of something, not the end of something. strongdrop would put a 7100. 7150, that would be the 200 day moving average. in my opinion, that is a good starting point. it is all about how we trade below this. we will see how the rest of the week plays out. at the bottom, looking at the advanced decline line. it is sor

here is abigail doolittle. >> we are seeing a bit of a rebound on this tuesday after the brutal selloffesterday. last week, the worst week of the year. sellers in firmly control. buyers are trying to step back in. let's take a look at the s&p 500. solid gains come up six tent of 1%. not holding onto those in the early trading. over the last six sessions into today, the s&p 500 down 4%. not reclaiming much of that. the dax up about half a percent. emerging markets down six of the last seven days. . we make it to do some sense of risk as we look at the eight day chart of german bund. yielding eight basis. points to the negative. . really pretty extraordinary investors. -- the government is borrowing money. down eight days in row. to some investors seeking safety as bonds trade off a little bit in the u.s. what has been mixed on the day, we take a look at the bank trade. we have mixed trading. facebook being hit by the whatsapp spyware report. small gains and losses. apple down six tent, exceeds me, up six times of 1%. sessions, thesix worst six days for apple since 2016. we see that apple

guy: let's get to alec -- let's get to abigail doolittle. >> looking at the nasdaq, of more than 1%,ne of the best days since the beginning of january. last week and monday were the worst days of the year. , the go into the bloomberg shanghai composite in yellow and purple. the blue, we have the emerging 500 in with the s&p april putting in the all-time high composite in a progression territory with him be trade that is well worth watching the shanghai composite for what could be next in syria had the pullback in the u.s. in germany, and certainly the emerging markets. look at what is boosting the s&p 500, a strong quarter outlook for cisco with walmart -- walmart up and investors cheering the fact that they won't be hitting the bottom line on tariffs, passing that along to consumers with amazon and jpmorgan shares higher after berkshire hathaway disclosed stakes in amazon at roughly 800 and 50 million dollars. showing us that it is risk on, take a look at the 10 year yield, this is probably also helping jpmorgan, the 10 year yield up three basis points with investors going into stoc

there is only one person to ask -- abigail doolittle. abigial: very kind of you.he nasdaq on pace for the best day since may 3. we also have stocks rallying in europe. the euro stoxx 50 up 1%. the dax up after yesterday's brutal selloff in the week prior the worst week of the year. investors fretting the trade tension between you as an china. the commodity complex is on pace for its guest -- best day since february. risk assets less liquid and this is confirmation of what we are seeing in stocks. also confirmed, at least here in the u.s., we did have bunds rally on the day. in the u.s. we have bonds trading lower and rates higher. that is helping the banks, one of the top sectors, which has sold off. we are seeing a rebound on the day for the banks. over the last seven days, a big drag on the s&p 500. the down the nasdaq. apple, take a look at this, seven-day chart coming into today. down 12%. the worst seven days since january 2013. that is when the company was in a bear market. today up .8%. not registering. if you going to the bloomberg and take a look at the c

halfway into the trading session, let's go to abigail doolittle. >> we have the dow and the s&p on pace for its worst day since the christmas eve selloff. the nasdaq on pace for the worst day since november. take a look at the commodity index. it is down .6%. nearly in a correction from its april highs. the commodity complex have been rolling off of its highs for almost a month now, even as the s&p 500 was making a new all-time high. less liquid commodities getting caught up by stocks, which are getting sold off. copper, steel trading lower. .otton and soybeans soybeans at a decade low. around trade tensions escalating between the u.s. and china, fears that it could dent global growth. china also the world's largest user of natural resources. confirmation of what is going on here through the 10-year yield. we have a big rally over the last seven days, rallying 150 basis points. -- excuse me, 15 basis points. percent as investors seek safe havens moving out of stocks and commodities. this has done some damage relative to stocks on a weekly basis. you can see what is happening. this year,

first, let's get to abigail doolittle. halfway into the trading day. moves aftery small triggers get to work after a holiday weekend. the dow up fractionally. the s&p 500 slipped lower. the nasdaq outperforming. to give you an idea of the pairing of gains, the nasdaq up .8%. transports are down. this fits the month of may for these major averages. on the month, the s&p down 4%. its first down month in 2018. dow transports down about 7%. here is a one-your chart. in white is the dow transports. purple is the railroad segment. yellow, we are looking at the truckers. in blue is the airlines. down 4%,ports underperforming the other major averages. the real drag is the trucking segment, this as we have freight demand not all that strong. this can be asay worry about the macroeconomy. other movers on the day to the upside, look at the payment processors. paypal, mastercard, visa. this is a big reason tech is outperforming on the day. perhaps some investors think there could be more m&a movement among these big names. finally, an area of weakness. asds roundi

here's abigail doolittle. abigial: moderately risk off tone on this wednesday.ake a look at the s&p 500 and the nasdaq. small declines after yesterday's big rally following a two-week decline for those indexes, the worst of the year. consolidation of big moves to the downside and yesterday to the upside. the ftse 100 in london up fractionally on the day but making this picture more risk off, we have a bid for bonds. 10 year yield down three basis points. this is ahead of the release of the fomc minutes later today. this yield action having an influence on the sector composition for the s&p 500. when we look at the imap in the bloomberg, a great way to see what is happening sector wise, we see more sectors are lower. seven down sectors, four up sectors. communications, those are defensive sectors, they are also rate sensitive. when rates go lower, the stocks look more attractive. on the downside, we see financials bid lower. not doing as well as rates lower. we also see energy down. that has to do with an inventory report. let's take a look at a two day chart of

this week i'm abigail doolittle.. ♪ ♪ haslinda: from the pagodas of -- and the high-rises of singapore, from what were the killing fields of cambodia and what is -- to the pulsating heart of jakarta. >> out of 640 million people, you have you have 300 million muslims, 120 million christians, 150 million buddhists, taoists, confucian nests. ists.nfucian haslinda: thailand, malaysia, the philippines, and vietnam. asean is one of the world's most complex regions. >> we have such huge diversity, and such an ability now to create connectivity. haslinda: asean has a combined economy the size of india. the opportunities are massive, but so are the challenges.

i'm abigail doolittle.on's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." america's push against against huawei and 5g escalates tensions between the u.s. and china. chinese state media shows signs of a lack of interest in talks. markets are still on edge after two weeks of twists and turns. hp, a supercomputer maker with a deal of $1.3 billion -- we speak with the president and

now let's get a check on the markets with abigail doolittle. abigial: take a look at the dow and s&p 500, all hired but off the highs. the nasdaq had been up .8%, now it is up .5%. the s&p 500 briefly looking lower but if they hold on to the gainesville be the second update in a row. the 10 year yield down five basis points. some investors are seeking safety. this makes sense. if you take a look at the three-day chart of the s&p 500, within the context of a down may, the first down month in 2019, early rallies during off, not really holding on. will that hold true today? down .9%. pitting the uncertainty in may andrade and fears on brexit recent eu elections and other macro factors investors are worried about. if we going to the bloomberg and look at the 10 year yield, it suggests it could be more of a flight to safety ahead. this is the 10 year yield over the last year. we have the paint 50 day moving average, the yellow is the 200 day moving average and the debt we've been tracking your that average. that technical pattern targeted at 2%. the

we turned abigail doolittle. abigial: look at the declines in major averages. all down .6% or more. not a lot of conviction on the part of investors. earnings report, we had a disappointing i is them report yesterday, payrolls tomorrow. investors choosing to go to the sidelines and a peek at the energy index, 1.3% in sympathy with oil. -- on paper its worst day and its worst two days of the year. typically oil and stocks to trade in tandem and that is something to keep in mind considering stocks have been up. we have oil breaking in uptrend. if we going to the bloomberg and look at a chart going back to september, the s&p 500's all-time high, we see oil is white and the s&p 500 in blue. there is a directional correlation to last year's brutal selloff. a huge recovery this year. the s&p 500 back below that all-time high from last september. take a look at this from oil. the point is not to show a trend. it is to show a reversal. we're having a reversal for oil. he thinks that it is reversal happens, we will see oil go back down to $50 a barrel. let's take a look at some of the movers

abigail doolittle takes a look at how the performance stacks up with the economy. business is an interesting tell. their personal computer and mobile device company. up top, we have a high-growth segments, gaming and video conferencing. those are high-growth segments. if they are growing, that suggests confidence is high. in the middle, mice and keyboards. orientedis very m&a and inquisitive. that is another area of growth. where the growth is coming from, the biggest portion is from the americas and that we have europe , the middle east, and africa. both of those areas are affected by the economy. asia-pacific, bloomberg intelligence was telling me that the china economy does not matter. gaming in china is such a big area, especially since they are releasing this ban on new games. let's bring it back to the u.s.. yellow we are looking at the s&p 500 since 2016, white logitech, and in blue consumer confidence. the s&p up 45% and logitech up 40%. look at how logitech and consumer confidence track each other. the s&p 500 looks like you might be ahead of itself given

. ♪ ♪ optionsnow for out inside, and i am abigail doolittle. of benchmark investments. thank you for taking the time, and we were chatting for a moment and everyone is focused on the goldilocks payroll report, you are taking a look at economic data in a slightly different light. talk to us. kevin: you have gold, bonds up, stocks out, and vix down. that should not happen. one of the fascinating aspects is that you have a andanufacturing pmi's-, that actually missed estimates and that is at 55.51 it was supposed to come in at 57. that piggybacks off of the jobs number that we talk about. most jobs were added to the professional and business services are, so adding more jobs, yet it is pulling back on activity. got means costs are going to up for these companies. that does not bode well for the second half of the year when you see rising interest costs via labor. you think a lot of folks on the street our people are buying stocks are missing this in the second half of the year, margins could be squeezed by those rising costs and potentially cause