you so much, ramy inocencio at the markets desk. turn -- stay with the markets, moments away from the close. climbing.nally what about the volatility witnessing? i want to bring in our bloomberg charter. this is the s&p over the last decade question mark is that right? it tracks 10-year performance on the index. the reason i did that, and strategist with the bank of america-merrill lynch came out with a projection and said if you go out to 2025, or by then, 3500.p 500 will reach sounds pretty good if you are in the low 2000's. if you go back to the numbers since world war ii, you find out that 3500 number does not look all that great by historical standards. betty: it doesn't. why is that? if you run the numbers and you find out that the average 10-year performance in terms of annual gains, seven point 5%, sounds much better than what we have been getting the last few years, we have not come close to that, in fact this year it looks like we are headed for bouncing 4% on the 10-year, and then if you look at these talking you're proba

has the ramy inocencio latest.ot of that has to do with volatility, volumes that are not happening today because of the christmas holiday. part of it has to do with oil and dynamics crude, still pushing higher. nymex crude, fourth day in a row of gains, the longest winning streak since april. has risen by 9%. the caveat is it is still it lows not seen since february 2009. with that, oil stocks have been rising with the rise of wti earlier this week, but you can see our majors are all taking a beat. exxon mobil down more than 1%. chevron down the most, 1.3%. tonic of the lives down over 1%. phillipsy -- conoco down 29 percent. sun edison shares have actually been rallying today. they were up about 10%, and now they are up by 8%. the good news, the company says it is in talks with possible financing sources for a credit facility, and some of the proceeds would go to repay its existing line of credit. with that fund, shares year to there.e down 8.70% pep boys staying on the radar. boys up by 13.5% month to date. stern

betty: ramy inocencio at the markets desk.is flying off the shelves at warm up -- at walmart is controversial. there are the largest seller of firearms in the country. have avoided getting tied up in the controversial debate over firearms. we are joined now to talk about more. are they the largest seller? shannon: they are. and inve 4600 stores over 2000 of those they sell guns. nobody else has that many locations selling tons. you could say that they are the biggest seller of which a wipers or anything else, but in guns, walmart is the biggest. betty: how have they been able to avoid getting caught up in this? shannon: when i look back over the years, it is all about business for walmart. despite what is going on right now in the political climate, we have had another mass shooting, walmart says it is just focusing on the business. when guns aren't selling so well, it pulls back and went they are selling well, they put more in the stores. earlier this year there was a decision to stop selling a military style rifle and despit

david: that's ramy inocencio, the market desk.ncome, sharesd railing the most in almost 40 years today after the company vowed to reverse declines in its bond trading business. particular,ng in 16 we expect a return to normal profitability. joining us is catch up or the con scheme katia porzecanski, to talk about that. in the last quarter, they lost $80 million. david: liza's this bank in particular having so much trouble? katia: they really specialize in niche things, like distress trading, energy trading, they do leveraged loans and leverage lending. particularareas in that are affected by anticipation of the fed hike, and also energy prices down about 55% in the last quarter, with a fiscal quarter that ended in november. david: any sign that things were going wrong? banking was upnt quite a bit, that helps them overall have gains for their whole business. but even within investment banking, their debt underwriting was down 50%. they took on a lot of leveraged loans, and we saw they were part of this consortium of banks that are

i'm ramy inocencio. scarlet?ght, shares of freeport-mcmoran are falling for the first time in six sessions and the reason is cofounder jim moffat is stepping down. so, was this a surprise? no reasons for his exit were provided in the release. reporter: freeport has been under intense pressure, including from carl icahn, to and become more profitable. they have had three straight quarters of losses and obviously they are one of the companies hit hardest by commodities on the oil and gas and copper. atkinson tookrd over as ceo. how much influence did moffat retain? was he calling shots? reporter: he was a real leader. i do not think that he sits quietly in board meetings. the mo theo in -- he is in freeport-mcmoran. he was a leading light in the company. scarlet: he is a leading light and they have also been taking steps to get to free cash flow in 2016,status including a project nearing completion. what is next in terms of what fcx does so carl icahn does not have that much more leverage? he's pretty entrenched. h

marketead over to the desk ramy inocencio has the latest on the holiday week. markets started in the green but now the dow is losing steam. the s&p 500 is up by only about a quarter of a percent. we did see this number, up by about five points. looking here it is actually interesting to see where we are. the dow going negative earlier. china suggesting it could add more stimulus and metal stocks, but energy stocks are following as oil is falling. let's take a look at the s&p year to date. we are looking for a loss for the year right now at least. we are down by about two and one third percent with eight trading days left. the index has finished higher in the past three years but we are at least for now on track to break that. alix: we typically see what people call a santa claus rally into the end of the year. at looks like right now we are not on track for that. your denny research coming out with that us saying that a year-end rally for the s&p is actually in doubt. we do have eight trading days left this year and the s&p has only done that in the last eight

ramy inocencio with our spdr sector report.ike continued to outperform will the strong dollar slow it down? returns itsssfully rocket to earth. one giant leap for space travel. ♪ david: welcome back to "bloomberg markets." i'm david gura. nike shares are north of 36% this year -- up 36% this year. they are working in athletic and casual. we want to bring in matt company, who covers the for us at bloomberg news. what is driving this growth? 35%, 36% is sizable? it is china, part of it is north america. one of the key drivers, they want to double the business for 2020. there's a lot of competition for the women consumer. lululemon, that type of yoga wear apparel -- the other big thing is they, going forward, they want to do more of their own selling, so more through their own stores, their own website, which again could be dicey because they could go customers as foot locker. we hear about the atrophy of customers going to the mall to shop. how is that affecting nike? people are not buying as much apparel, people are not doing as

-- let's get to ramy inocencio with first word news.bai, a huge fire broke out at a luxury hotel moments before the stroke of midnight. the address hotel is down the street from the location of the new year's fireworks show. the blaze ran up at least 20 stories, near the burj khalifa, the world'ss talles skies -- world's tallest skyscraper. iraqi tubes are working to restore order to ramadi after driving out most islamic state forces. they rescued citizens who had been used by the militants as human shields. they are removing weapons from the city as rain slows the operation. islamic state still controls some pockets of the city. the fbi arrested a man for allegedly planning a islamic state-style attack in upstate new york. he has been charged with providing material support to the terror group. more than 8.5 million people signed up for individual health plans for the affordable care act government-run shopping market this year or had coverage renewed. that's according to a u.s. report that tallies enrolees for 2016 coverage. it's esti

i want to bring in ramy inocencio with more. ramy: good afternoon, betty. right now we are at session highs. we have been sticking to those for most of the day, especially after some data that came out this morning, including better-than-expected u.s. consumer sentiment and the drawdown in u.s. oil inventory, a surprise drawdown, really. let's look for the board is right now. let's go ahead and take a look at the daily intraday chart right now, if we can do that. this is the one-year right now. the dow is up more than 100 points for the sixth time in eight sessions. at the same time, the s&p is well on its way to the second three-they rally. take a look at the s&p year-to-date, hopefully we have that -- we are now in the green for the year. there we are, about 0.25% of. if we can hold onto that, we will be on for four years of gains for the s&p. this is just happening today. some really interesting developments today. so much of the day's market events have happened because of oil. nymex crude is up three days in a row, and it is still climbing, up 4.25%. t

thank you, ramy inocencio.ying on disney, chairman and ceo bob iger sat down with bloomberg is morning. he spoke about star wars and espn, and what is most important for the company in 2016. robert: it is bigger than big, bigger than what we thought it would be yesterday. yesterday morning, we cannot with estimates for the weekend , over0 million domestic $500 million total global box office. sunday ended up stronger than we anticipated. so it is more likely to be in the 247 range domestically, even hiring internationally. we expect the total global take for the week and to be in the neighborhood of $528 million. andd: take us into 2016 beyond. what are the big project you are excited about, theme parks, movies? i am trying to absorb this film that we just put up, and appreciate it a little bit. the biggest priority for us in 2016 is shanghai disneyland, as a company. we have a very strong movie slate on the disney front, on the pixar front. we have a sequel to "finding nemo." we have a sequel to "cap in americ

ramy inocencio at the markets desk courtney donohoe has more from our news desk. courtney?nt obama will give an update today on what the u.s. is doing to fight islamic state. u.s. officials have insisted there are no specific credible threats to the country, but the san bernardino shootings have raised concerns about a potential attack. at obama will hold a meeting the pentagon and traveled to the national counterterrorism center on thursday. in baltimore, jurors will hear closing arguments in the freddie gray manslaughter case. a police officer has been jerked with his death. police say the officer denied him medical care in the police wagon. officer's attorney says he did not know that freddie gray was injured. ad cruz has jumped to 10-point lead in iowa. according to the bloomberg politics-des moines register poll, ted cruz leads donald trump, 31% to 21%. ben carson is in third with 13%. meanwhile, the poll shows that hillary clinton has solidified her lead over bernie sanders in iowa. -- the democrat 9%.s bernie sanders by a previous poll measured the toact if joe biden

now let's check in on the first word news with ramy inocencio. new developments for bashar al-assad. russia is the getting closer to letting him compete in presidential elections in 2017. western and russian officials admit u.s. opposition is weakening. the election would follow a transition period starting this january. russia has also agreed that millions of syria to have flee the country could also take part in the vote. it is still rough going for thousands of people trying to return home after the christmas severe wintere weather is causing delays and cancellations in chicago and new york. carriers haveays scrubbed more than 1000 flights today. o'hare international was again hit hard with 228 cancellations. in baltimore, the trial of the second of six police officers charged in the death of freddie gray has been postponed. it will start january 11. caesar goodson was driving the van in which gray suffered the injuries that ultimately killed him. the first trial ended with a hung jury. republican front runner donald trump may be going on a sp

let's get a check on the first word news with ramy inocencio.ve arrested two people that they had described as terror suspects. military training gear and islamic state propaganda. the upcoming prison term of a former israeli prime minister has been reduced. olmert will serve 18 months as opposed to 60 years. -- six years. oklahoma residents were shaken awake this morning by a 4.3 magnitude earthquake. there are no reports of damage or injuries but it is blamed for power outages affecting thousands of people. bill clinton is hitting the campaign trail for his wife asked week. he is said to start stumping in new hampshire a month before the february 9 primary. mrs. clinton has called him her not so secret weapon. this comes as donald trump accelerates his attacks on the couple. global news 24 hours a day powered by our journalist around the world. now let's head to the markets desk where julie hyman has a check on today's retail movers. consumer discretionary has been the best performer this year. xly tracks then. up 1.2% this year. retail has ou

betty: thank you, ramy inocencio. check first-- let's for news. mark? mark: prosecutors in nevada have charged a woman with murder, child abuse, and felony hit and run after she reportedly drove a crowd on theo las vegas strip. she is being held without bail in connection with a's crash that killed one person and injured dozens. police say her three-year-old daughter was with her in the car, but was not hurt. the obama administration has imposed sanctions in connection with russian and ukrainian companies invading u.s. penalties. 34 people and entities were cited. americans will not be able to do business with those listed. in the u.s. assets they have are now frozen. the sanctions were established after russia's annexation of crimea last year and support for eastern ukrainian separatist spirit at least nine students have been killed and several wounded by a mortar shell that slammed into their school in northeastern syria. syrian tv says and islamic state group is responsible for the attack. the number of refugees crossing into europe this year is now

let's head over to ramy inocencio. ramy: our markets

let's go to ramy inocencio. ramy: we are adding on to gains that we saw from yesterday.hrugging off the fall we

marketead over to the desk ramy inocencio has the latest on the holiday week.e green but now the dow is losing steam. the s&p 500 is up by only about a quarter of a percent.

i want to head to the markets desk with ramy inocencio. want to talk about crude oil right now. it is at a session low right now. nymex crude is falling off a cliff. right here. right at 10:30 a.m..

the marketsad to desk with ramy inocencio. ramy: i want to look at sneakers.res are on the move. up by a quarter of a percent. this is costco. up 6.2%.h line is really rallying after bank of america merrill lynch raised their rating on the stock. bank of america says that 2017 is going to be a growth year for the retail because of better margins and more products from nike and under armour. foot locker also moving after bank of america raised its stock to neutral. in other retail news, abercrombie shares are up by nearly 6%. this comes after changes in the executive suite. fran horowitz will be taking over as president and its first chief merchandising officer. leftormer president has the company. the company itself has suspended its search for a new ceo. under armour is another stock to take a look at. it has fallen. down about 3.5%. this comes after susquehanna cut its price target to $86. they say margins may be under pressure because of sales and bad weather. take a look at how under army armour and nike are outperforming the market. nike is up by 35%. und

ok, ramy inocencio at the markets desk. the nasdaq where avid it -- abigail doolittle is there for us. apple is something you are watching? and gopro.ple a bold call -- one says that conditions are "right" for apple apple to consider a gopro acquisition. this would put apple in the drone phase of er. it has been tough this year for gopro. nasdaq, a system ticker, 21 under its dollars per share. it raised $21 million, higher than the map ipo and the square ipo. ready? ,etty: thank you so much abigail doolittle, there for us at the nasdaq. , an outbreak of nora virus, resulting in the temporary closure of a boston branch. the ceo apologized to customers. look at our quality of ingredients over time, we have made great strides with better quality food, more organics, more local and sustainably raised foods. this was a very unfortunate incident and i'm deeply sorry this happened. betty: joining us now to discuss this, bloomberg reporter greg jim auto -- craig. ok, so craig, the stock is up today. stock iseem like the working? >

let's go to ramy inocencio. ramy: we are adding on to gains that we saw from yesterday. markets shrugging off the fall we saw. existing us home sales falling. we are all in the green. .4%.&p 500 up oil is also moving higher for the second day in a row. let's go into my bloomberg terminal. energy is the biggest gainer up by 1.75%. and part of the trend has to do with energy. but are not 100% correlated they do move in tandem lately. ramy: they have been moving quite closely. the fall in oil has had a knock on effect. nymex crude is pretty much at session highs. it looks like traders are looking ahead to tomorrow when the eia releases its latest inventory report. inventoriesting likely rose one million barrels last week. morgan stanley said, not so fast, a rebalancing might not happen until 2017. as oil rises, oil stocks are getting a boost. by 1.3% breaking a three-day fall. and apple is falling today. .13%.now down bylowered its price target five dollars because of production cuts in apple's supply chain. for itsstock is headed worst annual fall since the financial crisi

buy.is a lot of k cups to ramy inocencio has the latest. to date rebounds on friday and we're back down again. ramy: investors are giving up some of their gains, but today the stronger dollar is a bit of a wait on the markets. the s&p down by about 11.7 points. i into my bloomberg terminal, want to show you the health of the s&p. , andan play along at home you can see the energy sector is the biggest lag or. --lagger. it has accelerated losses, down about three and a quarter percent. you can see all the other sectors from consumer discretionary to financials and health care down by only half a percent or so. the energy sector definitely taking a beating. you can check out all of securities. based on the weight on the s&p, exxon is down by about two and a half percent and chevron down 3.2%. definitely energy taking a hammering. betty: because oil is back down below $40 a barrel, right? and: oil is falling again, this is for the second time in a row it is below the $40 a barrel mark, all because opec pushed aside the output quota of 30 millio

he is ramy inocencio.barclays is considering deeper cuts at the bank's securities unit. jeff bailey is considering reductions that would mean the elimination of another 12% of the unit's bankers. those cuts would be in addition toaid in existing program -- an existing program. moody's is moving closer to lifting rush out of junk, but derivatives traders are delivering a different point of view. by credit implied default swaps suggest russia should be four steps lower than one pointne score, short of investment grade. -- mockingay part ii 2 -- and the horror feature was second. tom: thank you so much. futures up 3, which barely describes what we are seeing in commodities. we got lucky on a sing the best chart. i made this a week and said we had to do this on monday for jeff saut. iron ore -- you say so what? shanghai iron ore -- all i have moving you is, with the average, jeff saut, that is the ugliest technical chart known to mankind. when are we going to see a catharsis in iron ore and commodities that si

aarlet: ramy inocencio has check on individual company movers.aking a look apple because of a slew of analyst calls out today. apple is seeing the biggest impact among s&p stocks today. analysts are finding problems with the company. shares are down 1.5%, although off of session lows. shares are all in to the lowest level in two months, down 6% in december. inlysts are saying, weakness their supply chain to make the iphone 6s. cut fors chart has been the phone. morgan stanley cutting their estimates for the phone shipments in december also, saying sales could have their first ever decline, a possible drop of 5.7%. barclays is also bearish, cutting its price target on the shares to $150. down about five dollars. ahead, a newl approach to selling men's underwear in order to attract a younger demographic. ♪ scarlet: welcome back to bloomberg markets. i'm scarlet fu. alix: i'm alix steel. meant to saynce goodbye to the generic three-pack of underwear by utilizing unique market strategies like podcasts and social media influencers. the company is hopi

i want to head to the markets desk with ramy inocencio. ramy: i want to talk about crude oil right now. it is at a session low right now. nymex crude is falling off a cliff. right here. right at 10:30 a.m.. that is when they came up with the latest inventory report. by --rd that -- grew points. brent crude also fell down 3%. terminal, thismy shows the shrinking discount rent which here and is a global benchmark over the last year. is the see now that it smallest at the last 11 months. this was at $.60 a barrel. this comes after the u.s. congressional orders. opec has said that the policy change really won't have an impact. it is a net importer. so this had a big impact on stocks. ramy: absolutely. you can see that we started out pretty well. only to pretty much lose steam alter the morning and now we are only just off the session highs. energy and oil stocks are the biggest wait all day. i want to take you on this other charge here. it compares interest rates here. equity valuations. 0%,ates have held at valuations have been climbing. they

let's head over to ramy inocencio. now are wellkets off the session lows, giving up all of the gains that we saw earlier. the turnaround started around 10:30 when the u.s. crude inventory numbers came out. it has been up and down for the markets. the s&p 500 is in the negative down .25%. it was positive for most of the day. the dow is raising its positive number, up about .10%. of s&p 500 --p materials are the biggest leader, up i 3.3%. this is because of talks of the potential merger between dow and dewpoint. the biggest percent gainers. energy is higher, number two. up by about 1.5%. utilities are up by .5%. let me get rid of the appointment reminder. let's take a look at crude, it is trading lower right now. down by .3%. it spiked at 10:30. that was when the crude data numbers came out showing inventory fell by 3.6 million barrels a week. yesterday, we saw oil hit lows not seen since february, 2009. we are on track to continue the decline. alix: the huge built in distal it -- 5 million barrels? this is a different c

betty: ramy inocencio has more from our news desk here at -- news desk. ramy: according to the telegraph, all 2000 police officers authorized to carry a gun will be on duty. an intelligence agency has warned that islamic terrorists may be planning an attack in a european city. china's financial capital of song i -- shanghai closed another year with dangerous pollution. pollution hit seven times the recommended level. back here in the u.s., more than 8.5 million people have signed up for individual health plans through the affordable care act 's government-run shopping market. the u.s. has estimated that nearly 10 million people will be enrolled in a ca lands by the end -- in aca plans by the end of 2016. a shakeup in ben carson's campaign. and there is a major shift in strategy for jeb bush. he has canceled planned advertising in south carolina saving his campaign about $3 million. bush is falling further in the polls. the nominating season is just weeks away. betty: thank you. it's been a year when many of us are making new year's resolutions. we thought

i want to bring in ramy inocencio with more. ramy: good afternoon, betty.

i want to go to the markets desk where ramy inocencio has your markets check.matic difference. ramy:

now to the markets desk, where ramy inocencio has a look at movers today.some of the laggards this afternoon. first in the tech sphere, micron shares are feeling the impact after disappointing earnings they reported last night. the intraday is down about 4.6%. micron reported profits fell 77% from last year, and revenue was also down by about a quarter on prices for its memory chips that are falling. in the home retail space, bed bath & beyond falling the most in newly a year today, 4.6% as well. it has come back from session lows, but it is still down. the company cut the earnings outlook by 9% at the top end, saying they expect fewer transactions in the preholiday quarter that ended last month. there's concern they are losing market share to the web and online competitors that can give a better deal. despite star wars being so amazing, disney shares have actually lost a bit of their momentum over the past several days. today they are down 1%. but look at the chart over the past week. down down by nearly 7.5%, 4% in the last five days, since the day before

ramy inocencio has the headlines. ramy: the u.s. islamic state's operatives with close ties to the pairs of tax was killed in the iraqi city of -- paris attacks was killed in the iraqi city of mosul. the spokesman says the militant was among 10 islamic state leaders to die in the last month. --tish prime mr. cameron is prime minister david cameron is defending the way flood protection is paid for. he visited one of the cities flooded over christmas. he deployed the military after thousands were evacuated. he says there's enough money for flood defenses, but the key is to make sure it is spent wisely. a drone floating near the president's motorcade responded quick -- provoked quick response by the secret service. the drone's operator landed it as he was approached by agents. the man said he did not know about the presidential motorcade. no charges were filed. former president bill clinton is hitting the campaign trail for his wife, hillary clinton. stump in new -- hampshire, about a month before the february 9th primary. global news

in the meantime, we want to check in with ramy inocencio at our first word news desk.s been charged with sexual assault. shermer employee said that was drugged and assaulted near his home in 2004. since then, dozens of women have come forward with similar accusations. chicago police officers will be required to carry tasers when responding to calls. that is among the new department policies that are to come as the city faces murder charges. police in new hampshire say four secret service agents were involved in a fatal crash last night. investigators say that they were hit head-on by a car that crossed the centerline. the agent suffered serious but nonlife threatening injuries. the faa is investigating why a united airlines flight seattle slid off the runway this morning. the chicago airport has been plagued with flight cancellations and delays because of severe weather. dayal news 24 hours a powered by our 2400 journalists and news bureaus around the world. let's turn our attention to the top retail stocks of 2015. consumers may still be skittish about splurging, but

inocencio is outside with detail is on the retailers weather woes. what is the vibe out there? sale sign. >> yes, that is right. they put out this sale sign in the past few hours. sales of 25% off or more. we could see even bigger discounts if this warm weather does continue today. we are pushing about 50 degrees. it turns out that the actual average temperature is only 43 degrees. so we are several degrees higher. that doesn't bode well for columbia. ever since august 1, the share prices have tumbled by 37% and that is because of the warmer winter weather. people aren't buying the hoodies or jackets or sweaters. earlier i spoke with planet alytics. they have interesting numbers, based on year over year from this november at last november. boot sales are down by 7% and the winter weather accessories from loves and hats, they are down 10%. share prices have tumbled and bank of america merrill lynch has downgraded the stock from a buy to a neutral. right now it is around 45 degrees -- $45 mark. excuse me. several only rising by dollars. 45 degrees is what columbia wants to see. [

inocencio has the latest with a lot of green. ramy: the has been with us to the whole day.r session highs, keeping up the momentum from this morning. dance around 1% in the first few minu

markets now with ramy inocencio. ramy: happy fed day. futures are higher as we count down to the fed announcement of the rate hike. s&p futures are up about half a percent. all of this is possibly indicating investors feeling the economy is strong enough to take on some rate pressure. this morning, one jpmorgan says it is a dovish hike since we have a strong dollar and almost no inflation. let's take a look at the implied probability of a rate hike with the wirp function. you can see futures traders are pricing in a 76% probability we will get at least a 25-basis point hike. stay with bloomberg tv for will provide the s&p and the feds target rate which is in blue. you have interest rates near zero since december 2008. since then, the s&p is risen and stocks again $60 trillion. it was a right here if the spread actually narrows after the test starts this afternoon. as stephanie said come with an all-star panel to take on the debt. also down in the frenzy done in washington, we want to start with you down there. you can actually see what i

ramy inocencio has more on the markets. ramy: u.s. futures are mixed. the dow as what -- at one point was as high as 75 points, but now it is into the negative. this is after we saw markets close at their lowest levels last friday since september 28. the s&p fell. you remember then, 4% less weight, which was its worst week in a month. of course, so much of that had to do with the route and oil we have been about for the past week, the past month, the past year. let's look at nymex crude. it is falling again, now pretty much at session lows. its seventh day in a row of declines. this is the longest losing streak since 2014. reasons, irann says it will boost exports, the deputy mom oil minister saying there is no chance of delaying an increase once sanctions are lifted. opec is saying the overslept by -- the oversupply will continue. falling at also lowest lows, down at its intraday level since 2002 year to date it is down 34%, and we are on track for a second decline. there is a monday merger to talk about in consumer goods. newell rubbermaid and jarden

ramy inocencio is standing by. we are drifting lower. ramy: