i am abigail doolittle. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews. let's start with a day by day look of the top headlines. monday, investors looked with interest as the world's most profitable company took orders for its debut on sale. saudi aramco has received orders of $75 billion for its debut bond sale. it is one of the most anticipated of the year after major investors briefly shunned the kingdom after the killing of jamal khashoggi. at $75rs standing billion. that order book continues to build. yesterday we were talking about saudi aramco selling $10 billion. now people are talking about at least $15 billion. all that demand is starting to seep into pricing. that is where we are seeing amazing stuff. portion, year price guidance around 125 basis points over equivalent u.s. treasuries. when the deal actually prices today, it is very likely the aramco bonds are going to come inside the saudi sovereign, something we rarely see in capital ma

they call it the doolittle read.d cole, who in this photograph that you'll see second from the right was doolittle's co pilot in the lead b-25. cole died that week or last week at the age of 103. cole recently talked about the mission that changed the course of history. jennifer griffin has that live at the pentagon. hi, jennifer. >> hi, shepard. the doolittle raiders said the japanese were so surprised that some were waving at them thinking they were friendly. richard cole was jimmy doolittle's co-pilot leading the surprise counter attack. the raid was a suicide mission. 16 bombers with 80 men on board to bomb tokyo and break the will of the japanese. to keep the mission secret, president roosevelt announced they took off from shangri la. all but one crash landed in china. the raiders thought they would be court-martialed, not honored. asked how he became doolittle's co-pilot, cole said it was fated. >> it was strictly by luck. they wanted volunteers for a dangerous mission. i had to put my name there. >> two months

i am abigail doolittle.his is "bloomberg best," your weekly review of the most important business news, analysis, and interviews. let's start with a day by day look at the top headlines. on monday, investors watched with intense interest as world's most profitable company took orders for its debut bond ale. >> saudi aramco has received orders worth $75 billion for its debut bond sale. the deal is one of the most anticipated of the year, showing investor hunger for high-quality credit after major investors briefly shunned the kingdom after the killing of journalist jamal khashoggi. >> right now we have orders standing at $75 billion. that order book continues to build. yesterday we were talking about saudi aramco selling $10 billion worth of debt, but now people are talking about at least $15 billion. that is the whisper number. meanwhile, all of that demand is really starting to feed into pricing. that is where we are seeing amazing stuff. on the 10-year portion, we have initial price guidance around 125 bas

it was named as the doolittle raid, names after the mission's commander.d carried out the first attack on the japanese mainland after pearl harbor. the daylight raid was so a dishes that they met little resistance and we are greeted by waving civilians who assumed it was a drill. the japanese were stunned. another the damage inflicted was relatively minor, president roosevelt's message back home was clear -- america was fighting back. dole and doolittle did not have enough fueled to land at a chinese airfield as planned. they ditched their plane in a thunderstorm with cole par shooting into a tree where he spent the night before being reunited the next day with doolittle and escapes across china. in a review of the raid years later, cole told the air force information office, if anyone was scared, it doesn't show. lieutenant colonel richard cole, the last of the famed doolittle raiders died on tuesday in san antonio. he was 103 years old. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? most pills don't finish

the doolittle raiders were killed in a captured and for survived years of solitary confinement all butrash landed they thought they would be court-martialed and not honored how he became the copilot he said it was fate. two months after he received the nation's highest valor award was about as it becomes known the leader of the squadron in the historic raid spirit they agreed to meet every year until only two remained in 2013 they uncorked a vintage cognac for a final toast sumac the air force will name the new bomber "the reader" in honor of the doolittle raiders. fox news. jon: our nation owes them all a great debt. the space x capsule designed for human flight suffers a setback and anomaly occurred during a routine test causing smoke off the coast. the crew successfully flew without a clue to the iss last month brooke official said the first flight with astronauts could be as early as this summer but now the schedule is under review. you may think american politics are no laughing matter but you haven't seen anything like this find out what happened in the ukraine. former vice presi

this was actually dick's first mission and he was jimmy doolittle's copilot. after the attack by the japanese on pearl harbor, this mission wasn't just of tactical importance. it was a major morale boost for our nation. the air force chief of staff david goldfein said those 80 intrepid men changed the course of history. they executed a oneway mission without hesitation and against enormous odds. the mission was, as you might imagine, perilous. doolittle's raiders took off from the u.s.s. hornet with barely enough runway to get airborne. doolittle and kohl's aircraft only had 467 feet to take off in an aircraft that wasn't designed to launch from an aircraft carrier. the airplanes inadvertently took off 170 miles further from japan than they planned so they had insufficient fuel to make it to their landing fields in china. as a result, dick then 26 with limited experience jumping out of aircraft had to leap out of his b-25 into unknown territory. he later reported he gave himself a black eye when he pulled the ripcord and finally landed in the branches of a tre

i'm abigail doolittle.nue with one of france's largest banks announcing plans to check its workforce. -- shrink its workforce. wille french bank says it cost $600 -- cut 600 jobs around the world. the ceo is looking for ways to cut costs. 1200 positions at the banking and investors solutions division says about seven or 50 jobs appearing in france. is there any geographic relevancy to what is jobs are going -- to where these jobs are jobs? -- to where these are going? >> as far as the trading site is concerned, it is a pullback from rates. from prime services. deutsche bank and commerzbank are said to be facing skepticism from members of the ecb in whether a combination puts the banks on a safer footing. what are they concerned about? >> was a concern -- they're concerned about big banks. deutsche bank is the biggest investment bank in europe. combining it with commerzbank, would create the fourth largest bank by assets in the euro area. they want to make sure they don't get any bigger problems on their han

the attack known as the doolittle raid was plan aned an led by doolittle.he age of 103 was the last surviving member of the doolittle raiders. in 2014 he told cbs's anna werner he signed up for the raid after seeing a message for volunteers. >> the bulletin board said does anyone want to sign up for a determination mission and you putture name down. >> yeah. >> why did you do that? >> there were already other people's names there. maybe it was an inspiration. >> reporter: while doolittle's raid was not necessarily a tactical success, it did serve a larger goal. >> the raid on japan did very little in terms of physical damage. it did have an enormous psychological impact on the american people. >> reporter: and for that cole and his comrades were awarded the congressional gold medal in 2014 when just four of them were still alive. but like so many of the generation that achieved victory in world war ii, cole did not want more recognition than any of the others who risked their lives. >> i don't want to take credit for anything but doing my job. >> the memori

jimmy doolittle, and his copilot. richard cole came home. doolittle got the medal of honor.s. many americans do not know about it. that gave america morale at a time we had none. at a time the japanese were racing through asia. we had no response. doolittle and his crew had a response. enormous morale booster. no military damage in japan what a booster. richard e. cole, may he rest in peace. he just died. neil, it is yours. >> stuart, thank you very much. we're following developments right now to avoid wars in the future with north korea south koreans are concerned that the north koreans are wandering from the script and increasingly hostile comments from both sides coming from both sides of the pacific. you heard julian assange, charged with computer hacking. he could face a lot of years in jail for this. we're following this very closely. as the attorney general of the united states william barr is raising questions about what

it would come to be known as the doolittle raid,amed for james doolittle.mbershat swept in carried outyo and first attack on the japanese a mainlafter pearl harbor. the daylight raid was so audacio that the pilots met little resistance and were greeted by wg civilians on the ound who assumed the japanese were stunned. ande although the dam inflicted was relatively minor, president roosevelt's back home was clear, america was fighting back. cole adoolittle did not have enough fuel to land at a chinese air field as planned. so they ditched the plane in a thunderstorm with cole parachuting into a tree whe he spent the night before being reunited the next day with doolittle and escaping across china. in review of the raid years later, cole told the air force informn office of his fellow airman, if anyone was scared, it didn't show. lieutenant colonel richard cole, e last ofhe famed doolittle raiders died on tuesday in san antonio. he was 103 years old. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? most pills don

. >>> in alameda marked the anniversary of the doolittle raid over tokyo. dozens gathered.d was a turning point in the war four months after pearl harbor. three raiders were killed. eight captured and four survived years of confinement. the pilots took off from the uss hornet in the pacific. >> this hornet the 12 is the place where we store the gold medal that was given to the doolittle raiders. >> richard coal was honored to. he was the final surviving member of the raiders. he died last week at 103. >>> john singleton is hospitalized after a stroke. he checked himself into the hospital after having leg pain. he's in the intensive care unit. he was nominated for two oscars for best director and best original screenplay for boys in the hud. >>> attorneys for roman pollan ski pegged to compel the arts and sciences to make him a member in good standing. he was expelled last year. he appealed. >>> palo alto based tesla will pair down the board of director. it will cut the board to 7. a move that will make the group more confident. the board has come under scrutiny when musk tw

lieutenant colonel richard cole was jimmie doolittle's co-pilot. died last week at age 103. the raid was a suicide mission. 16 bombers with 80 men on board taking off from the aircraft carrier hornet 650 miles east of japan to bomb tokyo and break the will of the japanese. it boosted moral back home. eight were captured, three killed. all but one bomber crash landed in china. the raiders thought they would be court-martialed, not honored asked how he became the co-pilot cole said it was fate. >> strictly by luck. they wanted volunteers for a dangerous mission. and i had put my name there. >> two months after the raid doolittle received the nation's highest valor award. >> president roosevelt awards jimmie doolittle the congressional medal of honor as the leader of the squadron of bombers that record over japan in the historic raid. >> he received the distinguished flying cross. they agreed to meet every year until only two remained. in 2013 they unkorkd a bottle of of wine for a final toast. the memorial will be tomorrow. the air force says it will

. >>> and the last of the doolittle raiders has died.tenant colonel richard cole served as commander jimmy doolittle's co-pilot, leading the daring bombing raid of japan after the attack on pearl harbor. richard cole was 103. >>> when we come back tonight, the avengers are here. with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? carla is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause

abigail doolittle is here with more. abigail: ge shares are popping up.y beat top and bottom line estimates. on the industrial cash flow use, they beat estimates there, burning cash of $1.22 billion. that was also better than last year, $1.6 billion. all of this after ceo larry culp warned this could be a very brutal year for cash burn. 2020 is expected to be a recovery, but that is the story. those shares popping higher. also some winners in the health care space. beating,k and pfizer merck beating in a big way. they boosted their full year outlook. pfizer also beating, boosting the strength of their to do with the health care unit. lisa: thank you so much. that is bloomberg's abigail doolittle. coming up, fewer clicks, lower ticks. apple shares dropping in premarket after total paid clicks grow at the slowest rate in years. more of next. this is bloomberg. ♪ lisa: google slumping in premarket after first quarter results showed slowing ad growth, rising at the slowest pace since 2015. joining us now, bloomberg's paul sweet. what is showing here is the la

talk with stepping up doolittle. -- let's speak with abigail doolittle.gail: the s&p 500 down a quarter of a percent and the nasdaq down .6% come on pace for downorth day -- nasdaq 16%, on pace for its worst day in more than a month. the last day of the trading month of april is having a risk off tone confirmed by bonds. we look at the intraday chart. seeing it go up and down. we had the 10 year yield up more than one basis point. right around the start of trading for stocks, which is to the downside, it moved down one basis point sang bonds -- saying bonds are rallying. as for some of the earnings movers, let's look at ge that is down. industrial cash flow was better than expected with a burn of $1.22 billion. still, a turnaround year. quarter witha their consumer health care unit helping out. this is the big dra down, on par its worth -- for its worth day. they put up $28.9 billion. it had to do with slowing at sales. analyst are really scratching their heads. turning it over to what is happening around the world on the month of april, we see in orange

here is abigail doolittle. gains, the do have s&p 500 at an all-time high, the nasdaq also hitting a high. there is a bit of a risk on considering haven bonds are low. the 10 year yield up four basis points ahead of the fed decision on wednesday. if we take a look at the chart of the s&p 500 to put that into context, back in january that was the all-time high. volatility last september and all-time high, the big selloff. the interesting thing is over the last 18 months, the s&p 500 flat near those all-time highs. interesting to see whether or not stop investors continue to push the index higher. let's take a look at what is working. 1.4%.nk index of the chip sector not doing as well. if we take a look at the three-day chart of the philadelphia semiconductor index , we see a decline down 2.5% considering it as a leading index. finally, to end on a bright note, the dollar higher again. this is a chart we've been looking a lot. we see a beautiful uptrend. especially higher lows and the equidistant hop. we could se

here's abigail doolittle.gail: we are looking at very small moves for the major averages ahead of the big earnings season kicking off tomorrow. the dow up slightly, and the nasdaq down slightly. on the week, the dow is down 8/10 of 1%, its worst down week in about three weeks. we have a mixed message there. take a look at the dax, up 3/10 of 1%. not a lot of conviction, but not a risk off picture considering we have german bonds trading lower, but still a negative yield. really pretty remarkable. where we may have a little bit of a risk off cents, let's take a look at oil. european crude trading down in sympathy with wti, down about 0.5%. wti down a bit more after the iea is saying global demand may fall. today, butle bit overall, the risk picture on the day neutral. where we do have some important strength, the banks. let's take a look at the banks in the u.s., being helped out by the 10 year yield, similar to the german bund. treasurers trading lower on the day. the 10 year yield up three basis points at 2.5

we get up past the first raids , we have a we talked about earlier, a couple guys mentioned the doolittle raid, a significant morale boost as well, the enterprise squadrons followed the hornet out there and help escort doolittle's readers to japan. but, weeks later and after that we have the first carrier versus carrier battle in the coral sea, so on lexington and yorktown there out there and what became history, the first time the opponents are going out without being inside each other from each aircraft in the yorktown and lexington groups, they counted the light carrier, the show, or under the waves but the battle went on for a couple days. these are some of the heroes of the battle from the dauntless standpoint and among here are two successful scouting teams, johnny liska and his pilot and they were given credit for destroying five enemy aircraft from adonis dive bomber, not normally something you would ink about in terms of fighting the japanese. one of the other folks you see here was credited with shooting down planes from the rear seat with this 30 caliber machine gun and by the

doolittle the high heat to close it out final score 14 after the giants now to its birth for 3 gamesg tomorrow night. coming up on kron four sports at 10 those full warriors highlights, the champs, complete there is sounding response and finish off the clip >>and in elk grove is known to be a popular spot for families to gather to fishy may feed the animals, a beefy little too much however, as lonnie tells us the increase human traffic is causing some problems with littering and some overweight ducks. the phone is a signature feature of elk grove regional park. it's a popular place to feed the ducks and geese and to go fishing. but the concern is community services district plans to put a halt to fishing temporarily to that. i was beauty lear officials here on his lunch hour these fish to since he was a kid, it's an important thing to me and i think i mean as a little kid who didn't love to go fish. he's not looking forward to the impending fishing ban just be a travesty not to be able to fish or but park officials are concerned about an ongoing problem, discarded fishing gear left o

presenting go ahead run is he going to be the hero today proffer strikes out to end the game sean doolittle the with a high heat to close a now final score for to washington. the giants now off to pittsburgh. for 3 games starting tomorrow night also happening tonight, sharks in a tight spot, san jose down 3, one against the vegas golden knights one more loss put an end to the season, the park is about to drop in 20 minates. rooney alive, the shark tank k how are the sharks embracing this desperate opportunity. >>hey mark well i think you have to embrace it head on as you said they started off strong with a win against the vegas golden knights in game one but then went on to lose 3 games in a row, including a shutout in game 4. so tonight, it's when for so long to this season. now if a bid for the stanley cup or an incentive enough then you think a possible grudge match might be the golden knights were also responsible for ending san jose's championship bid. last year knocking them out in the second round this time around the sharks have been able to find an answer for vegas. his early strik

doolittle. the pictures don't seem to go together but they do. right now he's helping a hurt chip monk get back on his feet. four years ago it was a humming bird with wings so damaged, the humming bird couldn't fly. he has named him buzz, and this big dude nursed a little bird back to health. >> i had to wait until he molted and regrew new wings and that was eight weeks. he became a part of the family. >> this is a story about not judging a book by its cover. buzz as he called him, this is the best part of the story, recovered, flew away for the winter but every spring, buzz comes back. it's quite the journey, from grovetown, georgia, to south america and back, and buzz remembers cardanaz so well that buzz lands right in his hand to say hello. proof an act of kindness really does go a long long way. >> that is really unbelievable. a hummingbird, they're so quick, they won't come near you. >> and not a chance of catching them if they don't want to be caught. >> rob mayeda, tell me about this weekend weather. >>> we have wind to contend with late t

. >> reporter: 77 years ago to the day, doolittle's raiders took off on one of the most daring military one-way mission to japan. >> they bet big, and it worked because nobody thought such an attack was even possible. >> reporter: dick cole was the copilot of the lead plane and the last survivor of the 80 men who struck back at japan at a time when america was still reeling from the attack on pearl harbor. after dropping their bombs on dokyo, cole and his crew bailed out over china as their plane ran out of fuel and crashed. he lived to be 103, and as age whittled down their number, the surviving raiders decided to hold their last public reunion in 2013. >> all good things have to come to an end. >> reporter: they played to a packed house and people stood in line to shake dick cole's hand. >> i had no idea you guys were such a big deal. >> we didn't either. >> reporter: today, in a hangar at an air force base in texas, dick cole packed the house one last time. david martin, cbs news. >> glor: and that is the "cbs evening news" for tonight. i'm jeff glor. we will see you tomorrow. have a

many gathered at the museum yesterday to commemorate the doolittle raid on tokyo.t four months after pearl harbor and gave the nation hope. >> this morning, this is the place where we stored the gold medal that was given to the doolittle raiders. >> the lieutenant colonel was honored at the event. he was the last survivor before he died last week at the age of 103 years old. >>> joe biden gearing up to announce his presidency. he said it will be a battle for the soul of america. we will tell you what that means. >>> a very special easter service at san francisco's highest peak. we will have a live report from mount davidson. itreat them all as if, they are hot and energized. stay away from any downed wire, call 911 and call pg&e right after so we can both respond out and keep the public safe. pg&e wants you to plan ahead by mapping out escape routes and preparing a go kit, in case you need to get out quickly. for more information on how to be prepared and keep your family safe, visit pge.com/safety. >>> here is a quick shout out to my dear friends. this is all of t

this is abigail doolittle. abigail: there is a risk on town.e a look at the dow and s&p 500, up more than .2%. we have bigger gains in europe with the german tax up seven point -- the german dax up .7%. waiting for cues around earnings, but taking a bullish stance. something is happening that is interesting on german bones -- bunds. longest moving streak of the german bund since the end of february. setting a risk-on town. bank of america is trading lower down 2.3%. theinterest income grew in first few quarters, but could fall, now that we have the fed in pause mode. deposit did fall and the banking sector up .4%. .e have bonds falling we will see the relationship between the 10 year yield in white, and the banking index and will going all the way back two -- going all the way back to 2015. bondsear, the downside of started to rally, weighing on financials. guy: abigail, thank you. let's get back to jonathan golub. he is joining us from credit suisse. we are getting the china's gdp number out. this will beink important? jonathan: it is the most

joe: it is time for smart charts with abigail doolittle.nderstand you are dissecting this year's rally. abigail: joining me to do that is the head of technical analysis at oppenheimer. you called the correction back in 2015 and 2016. take a look at your s&p 500 chart right now. the bottom panel is similar to another chart i was taking a look at another segment. ari: we are still bullish. there is one missing piece of evidence, and that is to see a surge in the percentage of stocks above their 200 day moving average. that is the indicator based on the new york stock exchange. on bloomberg, currently at about 50%. we would like to see a jump in this indicator toward 60%, ideally even 70%. historically speaking, that has been followed by above-average returns. marks the start of a new bull market. you saw in that 2015-2016 period, again, there's your bear market. the big surge in the first quarter of 2016, that mark your new bull. is that one of the tells on what got you bearish fact that? and then, one of the things that stood out to me here

. >> reporter:77 years ago to the day, doolittle's raiders took off on one of the most daring militaryrations ever. 16 bomb owners a one-way mission to japan. >> they bet big, and it worked because nobody thought such an attack was even possible. >> reporter: dick cole was the copilot of the lead plane, and the last survivor of the 80 men who struck back at japan at a time when america was still reeling from the attack on pearl harbor. after dropping their bombs on tokyo, cole and his crew bailed out over china as their plane ran out of fuel and crashed. he lived to be 103, and as age whittled down their number, the surviving raiders decided to hold their last public reunion in 2013. >> all good things have to come to an end. >> reporter: they played to a packed house, and people stood in line to shake dick cole's hand. >> i had no idea you guys were such a big deal. >> we didn't either. >> reporter: today in a hangar at an air force base in texas, dick cole packed the house one last time. david martin, cbs news. >> that is the "overnight news" for this friday. for some of you, the new

let's check those with abigail doolittle.gail: we are looking at mixed markets around the world. very small moves for the s&p 500 and the nasdaq, both consolidating after yesterday's record highs for these indexes. investors trying to figure out what's next as they digest earnings. plus, this year's big risk rally , but there is a clear risk off picture in europe. the ftse 100 down 8/10 of 1%. we also have emerging markets lower. a bit of a risk off cents. that. is confirmed by the fact that -- that the trading euro is trading lower than the 1%, the first of time we seen that in a month, telling you that some investors and traders are on the sidelines. a little bit of a haven bid there. in terms of what is moving for the s&p 500, basically flat at this point. anadarko petroleum the best performer for the s&p 500, up 11.4% on its bidding war between occidental petroleum and chevron. occidental one of the worst performers for the s&p, down 3.4% after it put up its bid for anadarko. as for norfolk southern and at&t, and earnings

here's abigail doolittle.gail: there's a slightly cautious tone on this monday to trading action on a global front. the dow and the s&p 500 both down. the dow's worst day in more than two weeks. the s&p 500 on pace to snap a seven day winning streak, and the german dax down about 4/10 of 1%. risk appetite relative to stocks has cooled off a little bit. we are seeing a big rally on the year, the best start since 1998, at of the first quarter earnings season that kicks off later this week with the banks. the euro up 0.5%. bonds are lower as well. where we do have a risk off picture, boeing weighing on the dow. take a look at this today chart, down 4.9%. bank of america merrill lynch has grown cautious on the shares, downgrading the stock to neutral from buy. they see a longer 737 max recovery than initially thought. it could take six to nine months to get that plane back up in the air, and this could create inventory issues, among other issues. boeing is dragging on the s&p 500, but also dragging on the s&p 500,

here's abigail doolittle.gail: we are looking at small moves for the major averages here in the u.s. investors treading water before the real kick off of the earnings season with some of the big banks. , the&p 500 up fractionally nasdaq down fractionally. both of these on case for weekly declines. outpacing for the downside on the day, the em index, down 8/10 of 1%. interestingly, it is not a risk off picture. haven bonds flowing back, too. investors waiting for more information probably out of the earnings season, which tomorrow will kick off in earnest. as for that em weakness, this is the shanghai composite this week, four days on the weak, down for percent. it is on pace for its worst week of the year. perhaps trade uncertainties weighing to some degree, but it is up 30% on the year, so it also could be a consolidation of gains. take a look at some of these laggards dragging on the s&p 500. cisco a big point drag. not a particular point of news to our knowledge. posco down 1.4% -- costco down 1.4%. , a bit

let's check does markets with abigail doolittle.gail: a bearish tinge to trading this monday on a global perspective. the s&p 500 and nasdaq down about 2/10 of 1% or more. the ftse 100 down fractionally, and the shanghai composite and china had been trading higher earlier in the session, and ended up finishing our after its worst week of the year last week -- finishing lower after its worst week of the year last week. not really weighing on the nasdaq, lower about 6/10 of 1%. let's take a look at some of those movers on the nasdaq, and to some degree the s&p 500. nvidia down 2.8%, down a third day in a row. amazon and facebook also lower. facebook have another global outage. there are analysts advising buying those. apple up ahead of the trial with qualcomm. you would climbing higher -- yield climbing higher, telling you there is not a safety play for german bunds. supporting the small pullback we are seeing for stocks, take a look at the bloomberg commodity index, down about 6/10 of 1%. as investors are waiting for clues on the str

let's check markets now with abigail doolittle.l: in the u.s., look the tech-heavy nasdaq, .7% -- up .7%. slightly after being close yesterday for easter monday, but the shanghai composite, chinese stocks down once again on pace for their worst -- in fact, having their worst month. at ave been taking a look chart putting this in the perspective of global markets. this is a year today chart showing the chinese shanghai composite really leading the way in white. we are looking at the emerging markets and blue. in yellow -- in blue. in yellow, we have the -- the shanghai composite is really leading the way after the march 1 deadline had been moved forward. action.wobbly trading percent500 about half of its all-time high. some of the big gainers of the s&p 500, this is extraordinary. hasbro is up 22%. they posted a surprise gain of 2%, showing they can will be on that disruption of toys "r" us. we have twitter and kohl's having the best stocks of the year. they put up a strong quarter for sales growth. 8.6% as thep relationship with am

romaine: time for smart charts with abigail doolittle where we walked to the latest market analysis.oing a deep dive on the banks. abigail: standing next to me is a true bank bull. it is positive to have a bullish bank person next to me. you have charts that really tell a story about why investors may want to buy this. let's look at your first chart of the financial sector relative to the 10 year yield. the 10chart relative to year yield, the top shows the s&p 500 financials. the bottom shows the 10 year yield also with a 200 week moving average. what we are seeing our similarities to 2011 and 2012 which is where the -- a lot of people associate lower yields with weaker banks. you can see banks are rallying. also cyclical similarities here. financials high or low. here in 2019. i think the next phases we are going to break through that downward slope and trendline and on s&p -- s&p financials go back to the 510 range. it is basically that high. abigail: do you think there is a chance we could see the 10 year yield break before that 200 week moving average? steve: there is always a ch

vonnie: abigail doolittle, thank you for that.entina's peso is the worst performer against the u.s. dollar today, tumbling for a second day. the chances of a potential default have risen to more than 60% now. doubts continuing to rise that the president will not be able to fend off populist foes in this upcoming election. things have been looking at -- looking a little dicey. with us is damien sass our -- damian sassower. what has changed? reporter: there may be a return of the reason white argentina is in this plight. ,he way she handled her economy if we see a return to that, we are seeing default probabilities rise of that. markets are definitely getting a little skittish here. classes have some asset price to this in so late? why did it take so long to catch up? damian: the big story here is persistent dollar strength. we have seen implied vol collapse globally across all asset classes, but also forward curve compression, especially em's.gh-volume it is creating the opportunity to hedge against a sharp dollar up move pretty in

let's check global markets now with abigail doolittle.gail: there's a bit of a risk off tone on this friday. take a look at the s&p 500 and nasdaq in the u.s., a small pullback. europe, the ftse 100 down about 3/10 of 1%. it all started in asia. the shanghai composite down for a second day, down 1.2%, having its worst tumble of the year. again, a bit of a risk off tone. really behind it here in the u.s., take a look at the stocks in the u.s. stocks indrop for the more than a month. some of the big decliners including intel. yesterday they beat first quarter estimates, but shares are on pace for the worst day since 2008 after they cut the outlook around data center weakness. that is rippling through the chip space. xilinx also had a disappointing quarter. what we are looking at here is a year today chart of the shanghai composite invite, and yellow the s&p 500, and purple the dax, and the emerging-market index. be interesting to see what the next session does bring. we may have a bit of a choppy trading week ahead, or next couple of weeks.

here's abigail doolittle. abigial: definitely looking at a down day.he nasdaq on pace for its worst a in more than a month, down 1.3%. you're the big culprits on both of these indexes dragging alphabet down 8.5%, the worst day since 2012. this after they missed sales estimates on advertisement growth. apple shares on pace for the worst day since early january. with the miss from apple on sales growth, investors may be spooked for apple. take a look at apple relative to sales growth. we are many quarters of growth but now we're looking at the klein. this goes back to 2018. we going to the first quarter of this year, which was the december quarter, down 5%. here the estimates. down 6% for march and also for the june quarter, down 4%. not expected to see a recovery until 2020. the question is if they can make these numbers. six months ago we were supposed to be seeing growth all the way around. the alphabet sales miss probably spooking investors. as for the global markets, let's take a look. not so risk off. the dax down moderately. the china shanghai com

here's abigail doolittle. abigail: we are looking at very small declines for stocks in the u.s..he s&p 500 and the nasdaq down about 2/10 of 1%. the s&p 500 on pace to break a 70 winning streak, but it is not a winner -- a seven day winning streak, but it is not a risk off picture. the 10 year yield up to basis points, telling you haven bonds are down. a little bit mixed. where we do have some movement, let's go into the bloomberg and take a look at the s&p 500. very influenced by the fact that the 10 year yield is moving slightly higher. energy trading higher, in sympathy with oil. down bottom, we see utilities, real estate being pressured by the fact that rates are higher, making dividends look less attractive. industrial down about 9/10 of 1%. both boeing and ge lower on the day. bank of america merrill lynch cutting boeing to neutral my saying that getting the 737 max 8 back in the air will take longer than expected. both of these gaming stocks lower as the ftc is to examine issue with in game rewards, especially around aleut boxes -- boxes.loot up above the $72 mark for the

let us get to abigail doolittle. not a huge amount of movement.pgail: take a look at that, 1/10 -- .1%. held back by the small-cap russell 2000. it is doing well at .8%. the dax up a little bit up .3%. all of these indexes higher on the week. the dow and the dax up seven days in a row. we have emerging markets climbing as well. this as we have that goldilocks andrt plus president trump, let us look at the 10 year yield. an interesting action. prior to the jobs report we did have bonds pulling back a bit. investors thinking that that will help the federal reserve stay on this course, and president trump saying that he thinks the fed should cut rates and stop shrinking the balance sheet. we see yields falling on the action. let us take a look at the dow. this stock dragging on the dow jones industrial average. it is its first day as a publicly trading company and it spun out from dupont. jp morgan putting and underweight on that. energy helped out by oil and helping with petri -- bp trading in london. we have been watching the new zealand dollar. 2.

here is abigail doolittle. abigail: we are looking at a bullish friday.he dow up seven times of 1%. the nasdaq up one-times of 1%. a little divergence there. up german dax also higher, about half a percent. a risk on day considering we have haven bonds falling on the day. the 10 year yield up five basis points. at jp looking at disney, morgan, and chevron actually a drag, but disney hitting an all-time high. justrgan, as you were talking about with alison williams, put up a strong quarter. at its highest level of the year. anadarko petroleum clearly soaring after its 33 billion-dollar buyout from chevron, which is lagging on the day, typically happening with the acquirer. , therento the bloomberg is a divergence for the dow on the week. what we are looking at in white, the dow, and yellow, the s&p 500, in blue, the nasdaq. mainly gains. the s&p 500 on pace for its best chart since 1987. the doubt down about 4/10 of 1% -- the dow down about four times of 1%. fiveg fuel to the fire, a a chart of the shanghai composite. chinese stocks on the week having thei

let's check those global markets with abigail doolittle. abigail: the s&p 500 fractionally higher.still have the chips index down 1.3%, the worst week right now in more than a month on weakness from intel. take a look at the russell 2000. we have a real divergence between the chips being down, small caps higher on the day. in europe, the german dax higher on the day, up about 3/10 of 1%. on the week, there is a risk off tone. let's take a look at some of the asset classes. the shanghai composite on the week down 5.6%, its worst week since october of last year. fears around stimulus being cut plus a huge rally this year, investors seeking chips off the table. -- the euro-yen is down 9/10 of 1%. index," upe "fear for a second week in a row. it may suggest some volatility ahead, especially with the shanghai composite down on the week. for the s&p 500 over the last year, this is a chart we looked at many times. we had a massive range between roughly 2600 and 2800. the s&p 500 right now nearly record high it put in last september. we also have the rsi that has been above overbought terr

here's abigail doolittle.gail: a bit of a mixed picture on this monday. -- the s&p ending as 500 and the nasdaq fractionally lower. we will be looking at some bank earnings on the day. the dax up fractionally, but the japanese nikkei doing quite well, up for the third day in a row, up 1.37%. investors waiting for more earnings reports, especially in the u.s. as for the shanghai composite, we are seeing an interesting losing streak as we take a look at a six-day chart. nikkei upave japan's for three days in a row, the shanghai composite the last three days the worst week for the shanghai composite of the year. initially sharply higher, then falling off a little bit. some traders and investors say this has to do with the fact that last week, china data was strong, and may mean less stimulus, so investors are selling those china stocks. let's take a look at goldman sachs and citigroup, both trading down, more so goldman sachs. revenues missed by a little bit, equities missed, and also backlog not so strong. citig

abigail doolittle is with us. >> we are looking at small declines. this after many days of gains. the s&p 500, if it finishes lower, the first down day in eight. a bit of a pause in the bullish action we have seen as investors continue to cheer the dovish attitude out of the central banks. financials reporting this week, and everyone waiting for earnings season. interestingly, these declines, as the dollar is down. many market watchers saying a down dollar will help stocks. not so much today. take a look at the bloomberg commodity index. days in a row, the longest winning streak since january of this year. inse commodities, nominated dollars, so a weaker dollar helps them. look at oil, natural gas, gold, and copper trading higher. lots of commodity strength. a fundamental driver for oil as crisis, 2%, the libyan weaker dollar, and saudi arabia saying opec is still try to cut inventory. for thebullish action commodity complex. that is helping certain stocks in the s&p 500. these are among the top stocks for the s&p 500 from a percentage standpoint. from a point standpoint, freeport

now is time to get a check on the markets and for that we turn to abigail doolittle. abigial: we are looking at small declines. the dow, s&p, and nasdaq down a little bit more than .33%. more underperformance for the chips index, down 1%. investors waiting for more color , plus trade talk and trying to get a better sense for global economic demand. for what is weighing on the stocks, let's take a look at individual movers. 2.7%, amd down 2.4% and texas instruments down 2%. not clear what is behind the action but we do have that antitrust trial between qualcomm and apple in san diego today. a macro backdrop against the chip sector. this sector up 30% this year. investors could be taking profits between the s&p 500 up 15%. of 15% on the year is quite good. not helping the s&p 500, let's take a look at some of the bank stock. 75% -- sachs down point down 3.75%. there is a drop in the investment banking backlog. citigroup down about .7%. basically an in-line quarter but investors seem to have wanted more. later this week we will have bank of america and morgan stanley. so

let's check those markets with abigail doolittle.gail: we are looking at very small moves for global markets. of 1%, 500 up about 2/10 but european stocks down about the same amount. the nikkei up fractionally, the em index down slightly. the s&p 500, though, for the sixth day in a row up, the longest streak since january. if we go into the bloomberg and take a look at what is happening, we are going to see that both the s&p and the dax are above their 200 day moving averages. we have a great chart in the terminal 2 take a look at. of the s&p 500, that was not true for the dax. but we see the s&p 500 above it for quite some time. the dax recently joining in, but that 200 day moving average for the dax slipping down. as for some of the big movers on the day, let's take a look at the u.s. 2.5% after that ethiopian crash report came out squarely blaming the company, but investors seeming to think the worst is priced in. facebook bouncing back after on a bloombergl exclusive of millions of records being on cloud servers. and then tesla c

let's check in on those markets now abigail doolittle, over to you.bigail: take a look at the s&p 500 and the nasdaq. the s&p 500 slightly lower, the nasdaq slightly higher. flipping between small gains and losses. the highs of the nasdaq had been up 6/10 of 1%, so a little bit of a bullish reversal. the nasdaq being helped by chips. we will take a big look -- a look at the big winners in that space shortly. indexssell underperforming. in europe, let's take a look at the german dax. over the last six days, the german dax trading higher, up 2.6%. the data out of germany somewhat disappointing, but stock investors really not caring. this is the longest winning streak since the beginning of april. the dax on a bit of a tear, joining the s&p 500 above its 200 day moving average. where we have a mixed mood, let's take a look at some of the media stocks. netflix yesterday put their first quarter report, this stock flipping between sizable gains and losses, right now up about 7/10 of 1%. they did beat first quarter, but some screamer -- but underperforming .

we will be joined by a partner -- let'snd and alice get to abigail doolittle. we are halfway into the trading day and it's a little off. the nasdaq down more than .5% now. .6% we have bonds rallying around the imf cutting its growth forecast to 3.3% from 3.5%. growth fears slowing renewed. take a look at the stocks. yesterday the stocks the leading closing at another at this point toing those losses down .7% take a look at some of the individual movers beneath the surface for the stocks. we have amd down. micron down. goldman is expressing concerns around the memory market and has reinstated coverage on kla with a sell rating. take a look at a great chart we have in the bloomberg. what we are looking at here in the stocks going back to 2013. in white we are looking at prices -- that's a form of memory. in 2015 we had volatility for the stocks. right now we are looking at simply a massive divergence between the stocks going higher. like that.ms to not it will be interesting to see how it results. helping out the nasdaq, performers a little better, the s&p 500 an

abigail doolittle is with us halfway through the trading day. abigail: take a look at the green on the screen for the dow, s&p, nasdaq. after a couple days of stalled action, clearly, the buyers are taking over. the s&p 500 on pace for a record closing high, close to the possibility of an all-time high. small caps participating today. the russell 2000 had been down three days, but today the small-cap bowls are out, so it is a rally. relative to the s&p 500, in the bloomberg, looking at the one-your chart, rsi momentum indicator. the s&p 500 last september hitting that all-time high, record closing highs. this quarter's big rally, which is not reversed, even though the uptrend is reversing. right now on pace for a record closing high and possibly an all-time high. this as we are stretching into overbought conditions, which is not a bad thing. technician do not mind overbought conditions. it is if they come back in. as for other sectors, consumer discretionary, tech, lots of green. investors wanting in on this year's low-volume rally on central-ba

here's abigail doolittle. abigial: a bullish tone in the major markets. all climbing higher. the dowclimbing higher, at session highs, of more than 1%. will be taking a look at a few of those winners propelling the major averages. it has to do with the big banks. take a look at the s&p 500 financials, up 1.5% on the day. ,he leading sector the s&p 500 and this has everything to do with jpmorgan. let's take a look at a three-day chart jpmorgan. up for a third day in a row, up 6.3%, the best three days of the year. they beat first-quarter estimates. fix trading, equities, investment banking. resultss liking those even though fix was down 70% year-over-year. a bullish result for investors. that's true for disney. take a look at a five-year chart for disney. after a long. -- after a long period of moving within a range, today disney moving to an all-time high. this after the investor day yesterday or the company gave details on that disney plus. analysts and investors cheering it with a new all-time high for disney and of the last five years, up 65%. as for other big movers on th

abigail doolittle is here to bring us up to speed. abigail: a bit of a down day but we are well off the lows. doneer the nasdaq had been 1.4%, still on pace for his birthday in a month. weakness on alphabet. the dow almost positive. we have seen a lot of intraday reversals. it will be interesting to see if that happens with the dow and s&p 500. i mentioned alphabet. s&p 500, nasdaq underperforming. alphabet down more than 8%. for theointing sales first quarter were they missed estimates by nearly 2%. add growth dropping. analysts scratching their heads, considering many of the tiers were strong, and that is putting some fear in apple. they have had to cut their forecast twice over the last six months. some investors worried about whether there is an issue here, the outlook concerning alphabet. goodn down despite a quarter. amd reporting after the bell. some fears for them after alphabet missing. overall we have strength in chips. up .7%. ams trades in europe. finished up 21%, a huge earnings beat. this is an apple supplier. perhaps th