still with me, greg peters, jim keenan, and kathleen gaffney.eenan, in august of last year, for this maturity, for this credit rating, that tesla issue was a record low yield of 5.3%. and it has fallen out of bed. is it a tesla issue specifically, or does this speak to something broader in credit markets? jim: in general, you have seen volatility increased dramatically since you had that issue. it is a combination of aggregate volatility built in the equities, and what that has meant in spread volatility. so the credit markets, and certainly the high yield markets, have been weaker since that issuance. on top of that, you have seen the yield curve move. so there has been a duration component to that aspect. obviously, you have seen some issues with tesla with the unfortunate events of the crash and regulation picking up between that and uber. there are a combination of events that have weighed on that credit. when you look at the issuing itself, it is obviously a very, very significant, probably $45 million market cap company that is growing. so

su keenan with a look at the overnight action.resident trump has thank you china and russia of devaluing their currencies and breaking from his own treasury chief views, tweeting this. let's get over to washington and our editor. why the focus on currency devaluation? it is a common stance this is an old argument when it comes to china. >> china's currency has long been a whipping boy of the u.s. for trade issues, but there are a couple of curious things about this. the treasury department on friday issued its report on currency manipulation that did not name china as a currency manipulator. been rising against the dollar in recent months. russia is even more curious. the ruble has been falling, but some of that may be due to sanctions the u.s. has imposed on russia and companies -- russian companies and some of the oligarchs in the country. russia does not rank in the top 15 of u.s. trading partners. the white house did not have any further clarification of what president trump was getting at or whether the signal some it may bee

su keenan is with us.u: if we look at earnings in terms of how it affected the regular session, what is interesting as they are coming in stronger-than-expected. it is expected bank earnings season will see the market bounce, and we saw that in terms of the general markets. will was interesting is we saw bonds and stocks as the yen moved higher, in some suggest remains the stock rallied, perhaps not as strong. let's look at the big movers. , lot had to do with earnings, with netflix and subscriber growth and investors saying what they wanted to see. united health exceeding the highest estimates, and beating its full-year forecast. newsmazon getting positive as the supreme court looks at the sales tax issue, which could be very positive for its online empire. let's go to ibm right now, which's falling after hours after the reported orderly margins that came narrower the next abated. sales have stagnated, in the cfo promised that margins what to stabilize the first quarter. the stock has been down almost as

betty: su keenan there, thank you so much.ime for first world news. >> what has is it provide details of talks but confirms that department the president's top economic advisor larry kudlow but apple produces the majority of its products in china and lists the nation as its third-largest market, so it is naturally concerned about any lasting disruptions to trade. court is set to uphold president trump's travel ban after justices heard arguments challenging the policy. the rule on measure that indefinitely dance more than 150 million people from entering the united states -- opponents say trump overstepped his authority and was motivated by anti-muslim bias. the travel ban blocks are limits people from iraq, syria, libya, yemen, and north korea. china has raised the quarter for funds to invest in overseas securities for the first time in capitalars, easing curves and further opening its $40 trillion financial sector. the quarter was pumped to over $98 billion as of tuesday from 90 billion and that is the first increase since ma

all right, thank you, su keenan with the latest on deutsche bank and that change.et's get to first word news with haas haslinda amin. -- with haslinda amin. haslinda: jerome powell said the outlook for inflation and jobs supports the gradual rate hikes, but the lack of wage gains shows the labor market is not right. and since becoming chairman, powell said policymakers are aiming for 2% inflation and will retain the current strategy of slow but consistent hikes. >> it remains the case raising rates to slowly would make it necessary for monetary policy to tighten abruptly down the road, which could jeopardize expansion. raising rates to quickly would inflation stay below our objective, and the gradual rate increase is intended to balance these risks. the united states says north korea is willing to talk about nuclear weapons when president trump meets kim jong-un. sources tell us washington has confirmed kim is ready to discuss the issue, following indications from seoul. -- talks have been having there are is talk they have been holding secret talks. the venue is y

su keenan has more. su: we are getting at least 10 of the 30 dow companies. of earnings, the peak if you will, the last two weeks ended up, and that is the expectation here, that the earnings will prop up the market. let's go into the first bloomberg caterpillar. you can see these chart that btv . caterpillar reporting this week. the white in terms of sales is report sales from asia-pacific. they are down. aquaw is north america and is sales worldwide. what is expected is first quarter results should again be share.us, $2.08 a the 2018 guidance will be raised as demand is stronger than it active. analysts say this. and cost cutting years will aid margin gains. that is the theme we are likely to hear. let's go into the other companies expected to report. what we have again is a lot of the manufacturing giants, airbus and lucky will be -- lockheed will be reporting. we are not just looking at what they have to say about tax reform as we did before but now with these companies and ceo's have to say about potential tariffs and the next chart now. volatilityhowing

su keenan have the latest. are not seeing a lot of conviction and in the past year, we know what sector is leading whether it was telecom more chips. now it is oh, no, this. oh, no, that. oh, no, telecom was the story today. the dollar you mentioned finishing the best month since november of 2016. oil rising and treasuries gaining. let's go to the big movers. we have the split that you can see the size of the moves are significant. twitter showing that social media stocks are of big. content.or life those on the plus side but the down stocks really claimed the day. microsoft jumping suddenly in this session. as dropping in a big way morgan stanley comes in to hi me out the timeline. edgar opportunity for drugs will kick in. it had a lot of investors disappointed. let's go see where you can find these charts. despite this being sort of a negative day for stocks, it has been a rather surprisingly strong season in general. and more s&p 500 companies than ever are beating estimates. so far, with 80% of the index me

see home next season in which investment oh yeah and i bore in the much as well keenan kara . and had drawn the sides level in the twenty fourth minute but the tree stars on the night what courage and hoffenheim i. hope. for right now in the moment of the league eight nine games now in the road it had been an eight game streak undefeated now it's nine six of them three pointers but something to build on the champions league might yet still happen the rich are not on the course because we've been really focused i'd say this season is already better than the last. and if for martin to keep scoring like this the champions league will be a sure thing. that our entire back doesn't act like a record which will be the back of the dog and i would speak up. for those that are . in war i was there for over like i was on the. drink a promising prospect for quite sure of the world cup and for half an hour i'm in the borders league we have a grocer we're going to make history. brilliant patrick crowning another admirable display from hope and i. thank. god thank you. and says canaveral was

. >> there's the few things with keenan on. first for whatever time he deems appropriate. this is indefinite. it violates that something is finite. another key issue is there's nothing definable about 150 million people. classes mean something you can put your finger on. maybe they're exposed to a particular type of disease. but hundred 50 million people across eight countries there's nothing they can say is,. >> does religion ever come up in the text? >> religion comes in with how they have framed it. after the president issues the attempt at the travel ban he retreats three anti- muslim videos posted by far a politician. the deputy secretary sass later what is the president doing and what's his view the president has already address these issues. most recently through the travel ban. so they're saying this delivers on that campaign promise to keep out one religion from entering the country. >> is it fair to take this as a candidate and apply them to someone who makes a policy? that's a tough question. i don't think you need to get back to the statements. you have enough

let's go to su keenan with more on this. they raised the earnings and the forecast.rrow a line, was it something i said? it would cause the turnaround. it but they beat on the top line and on the bottom line. they raised their forecast and you can see the drop off there. take a look at the today intraday chart. side. on the this could be as good as it gets. the design was to rein in expectations. market ticket and said it is not going to get any better. and that decline was rather dramatic. you could see a dropped more than 6%, an amazing turnaround. as japan comes online, what has been the reaction to some of their rivals? let's take a look because they have actually turned lower. perhaps the concern is that there are some issues with metals with caterpillar expressed. it could be concern for the rivals as well. typically a rivals losses the other companies gain. in terms of how it was perceived here, there was some disappointment in terms of the reasoning of how margins are expected. seen as appropriately conservative seeing that there were issues. they tried to ma

i'm joe keenan, m.d. i'm a psychiatrist. i'm also a member of back on my feet and code tenderloin. what we do is help people become the workers of this district. they're t right now, we don't have filters, we do have inhalers. i feel for you. i wouldn't want a building like yours going in next door. the second development company, they come up with the same proposal, they don't want to spin their wheels, either, i'm sure. these guys, i know that they have been great supporters of organizations that -- that i love, like code tenderloin. and, you know, i want workers to be able to support this city, to have a place to live, i hate the particulate matters, but we need spaces for our workers to live. >> president hillis: thank you. i'll call other names. >> as luck would have it, i'm the first name. andrew scott. i am in support of the project. i live and work in san francisco. i recently relocated my office from the financial district to 375 beale, which is on the block. we brought 60 employees, and only two of them drive, so we brought economic benefit without bringing traffic. upon

su keenan in new york. bloomberg users can interact the . gtd you can save future charts as well. tv . this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong, looking at the business flash headlines. were looking at the value of spacex. it keeps rocketing to new highs. $507ompany authorized a million funding round last week, taking the value of spacex to $25 billion. the bloomberg billionaires index says that would lift elon musk's fortune to $21.3 billion and spacex is set to become the most five able start up in america after uber and airbnb. haidi: airbus plans to win china's approval by the end of the month from china. final specification is imminent after the turbo fan power unit was signed off on by chinese regulators this week. it was anticipated last year am a but that was held up after china sho sought recognition in europe. rishaad: building planes in india joining lockheed martin and saab. it would team up to make the f-18 super hornet. planes, an 85%

for more on this is su keenan. more on this roller coaster ride.u: that i have to do with earnings and bond yields. , giving strong reports being the top line and bottom line. and there is the but. let's get to the snapshot. yields were a key focus. briefly we saw yields should about 3% before retreating to make a lot of concern and stocks dropping. , gtvu go to the bloomberg is where you find the charts. we see the yield correlation returns. blue is the 10 year yield rising and correlating with the dollar, which is rebounding. that is something a lot of market watchers are focused on. if we go into the big movers, caterpillar is at the top. is fascinating is shares were rising on it's very strong guidance. forecast, but2018 it was the conference call where they gave a it is as good as it gets message that they reached the high water mark for profits for the year. and it stock fell more than 6%. in google is another story where the earnings on monday were positively received, but investors focused on the increase in capital expenditures. the stock

let's go to su keenan with a preview. you a peek ofting earnings.arket. we did see stocks higher. there's an expectation we will have the same upward boost from these companies as well. first,ook at caterpillar gtd is where you can find these charts. this is caterpillar sales by region. the white line is the caterpillar retail machine. the north american is the yellow. the are quite is latin america. the expectation is that first-quarter results should be consensus, about $2.08 a share. 2018 guidance will likely be raised. also, you've got many years of cost-cutting expected to be added to the marginal gains. years of cost-cutting, the impact of tax reform, and the impact of potential tariffs, or something investors are focused on as we look at companies like airbus and lockheed. let's go to another rival of airbus, boeing. take a look at this chart. flight to volatility. there it is. this is oneice person changes in the stock. ,ou can just see the volatility especially in recent months. boeing is a major user of all kinds of metals, many of which c

su keenan is here with more.is still this trade war story moving markets. >> yes, we are toning down the rhetoric and stocks are bouncing back. is it a rally or short covering rally? what you saw was green on the screen. s&p higher for the third day. treasuries falling, the dollar theing, a reduction for need of a safe haven, but let's go into the most active. amazon moving higher despite trump continuing to pound on the company, saying the internet giant benefits from an "uneven playing field." other companies down because of tariff concerns are now up. longfin surging. this is the company tied to blockchain. it shows you the whole bitcoin situation is back in the forefront. let's look at the the bloomberg, a chart here. the most shorted stocks are the ones outperforming, which could indicate not so much conviction, but concerned stocks might not be going lower. let's take a look at oil. it came off its earlier rally on indications the supply is picking up in key hubs and that offset other positive bullish news

su keenan is here with more on all the market action.he comment ofon broken records, it was shot and all from these tweets from trump that leads to dramatic headlines and selloffs. yesterday we were up, and today we are down, so let's go into the market snapshot. volatility risk off was the name of this session. treasuries rose with a more hawkish tone than expected on rate types, and oil at the highest since 2014 on always geopolitical concerns. gold is a safe haven play and back in vogue. we see pullbacks index than the towers but does not reflect the big moves we saw any regular session. the bloomberg because earning season is about to be the new driver with banks. but we are starting to see here is the first of the most bullish projections.h you see less optimism with the companies and the s&p. we are now -- since the beginning of 2018 -- sing a less in stocks,ntiment and it is much lower anticipation about what the earnings reports are going to say. that is about to hit us as well. mentioned, part of the right we had overnight, gold

su keenan is here. su: amazon is going to open friday with a new record.et's get to the after hours board because we see tech flying. amazon is up in a big way, revenue growth 42% and 51 billion eps, beats the street. intel forecast also beat the data. , soes up 15% going into that should help tech on friday. microsoft sales up 60% due to strong club demand -- strong cloud demand. and starbucks falling as the company reports results, investors wanted more. let's go into bloomberg and take a look at amazon. jeff bezos got a lot richer as you see the market cap continues to dwarf walmart. revenuebottom line is that wall street is watching. let's look into the market snapshot, the big focus was on the bonds. the 10 year yield fell to the first time in nine days and that is something in focus. the dollar trading the highest since january cost demand for gold to sag a bit. let's go into the regular session and the big flyers. tech and earnings, which gates whichd up the market -- huge gains propped up the market. everybody is raising forecasts. let's go into th

su keenan has more on the markets.t is almost bipolar with trump sank and aggressive message about tariffs, but let's go to the snapshot of the market. treasuries retreated while stocks were up. so in easing of the safe haven demand, and crude reversed earlier losses again, closing above a three-year high. let's look at some of the big movers, because industrials were strong and financials were strong. boeing.g d in terms of the size of the gauge, wynn resorts also a big mover. this is a company really from allegations of sexual misconduct on its founder. --'s go into the bloomberg gtv is where you can find these amazing charts. talks about how profit margins are posing a greater risk. index,e this white line and the blue line is the index margin. what the concern is that are going to see a bigger focus on these profit margins as we get into the earnings season. haidi: financials are some of the biggest gainers. blackrock kicking off the earnings season, and citigroup and jpmorgan our next, are they expected to deliver

su keenan is here with more.e are looking at a bullish reversal. >> whenever you see a market close way off the low -- and let's go right to the chart, down 1.5%, not just yesterday, but starting this morning, coming back, the biggest two-day gain in five weeks. check out the intraday chart as you look at the bloomberg. were going to go to a bloomberg chart. this is the s&p 500 spread. wherever you have seen big drops andhe s&p, here earlier again the recent selloff, you see a huge spread between the high and the low. are called these reversal days and set up for positive action in the next session. let's go into the market snapshot. we saw the dollar fall. safe haven demand is back. a see a pickup in oil despite surprise, or this came as a surprise drop in u.s. supply. see the huge you because of this tit-for-tat and reassessing of whether this is a trade war or proposals that can be negotiated. we see boeing heavily hit, down almost 6%, slashing the loss by the close. u.s. steel was down 4.5%, almost came back.

su keenan has the details.ally they did it and the ceo of t-mobile saying it will have a huge impact on america. let's go right to the stock, which has had an impact already. the merge company is going to drag the rest of the players screaming to the -- they are talking about leadership in terms of this generation our next generation wireless. stock moving, t-mobile up as much as 2.5% friday, sprint up 10% friday. they close friday with a percent gain, which sprint has not had a profitable year and more than a decade. ae merger is viewed as bailout. announcing the combination, let's go here. this combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, and ovation and second to none network. there is confident for you. it follows years of will they, won't they deliberations between deutsche telekom and softbank, the german owner of t-mobile. softbank, the german -- japanese owner of sprint, and they have come together. masayoshi

. >> well, my name is joseph keenan. i am a member of the code tenderloin. five years i dropped out of society, and about five months ago, i met code tenderloin on the streets of san francisco. i am homeless, and i still am. i'm living at one of the shelters. through the engagement of learning how to code it's transformed my life. it's engaged me into learning that there's a community out there interested in helping me and providing me avenue news and paths to -- of hope. yesterday, i interviewed for my first job in a long time. it's a very high paying job, and, you know, i -- i wanted to share my story of -- of engagement and the power of learning to do something like coding. thank you. >> thank you for your comments. next speaker, please. >> thank you. g tom gilberti. recently i mentioned supervisor ronen and duffy cleaning 16th street b.a.r.t. station, muni station. mentioned supervisor yee with his importance in the 17th avenue, 19th avenue muni stop. this board needs to get reinvolved with muni. the people need it. the people need as much contact with m

su keenan joining us with more. let's take earnings and retail sales su:. it is a broken record.e see the sales market rise, and we are not likely to see that here, at least by asset charts. look at gtb where you can find these charts. this one is called broken because the s&p 500 has ended 20 quarters of its pattern of climbing during it -- earnings season. 80% from during earnings over this time. there was a perfect streak of runs, whatever reported, but it ended in february with the most spectacular meltdown we have seen from 2011. we are going into this season on shaky ground. take a look at some of the big names that are out this week in addition to the bank names. we have netflix, ibm, cash flow is a big issue there. johnson and johnson was good expand capacity to more than $20 billion, which could impact their ability to take over companies. they we have big eco-data, retail data will be coming out. we are expected to see retail positive here. the first time in four months your that will certainly have an impact on the market. take a quick look at the market snapshot becau

that broke a three day winning streak for the s&p 500, and su keenan is here with more.u: we talk about earnings, a couple of earnings disappoint things really faltered. --sell talk about risk off we also talk about risk off, bonds were up as -- phones were down as yields rose. typically when stocks are down bonds are a true risk off her, and you see it will take. into a safe haven bond what this could suggest is going to the sidelines. it also saw the dollar advance and the oil rally stalled. let's go to the big map verse because american express had blowout earnings, the size of the gain was substantial. and the bank of new york moving higher at 9% revenue growth and continuing it pattern of banks reporting strong growth. but apple is down in a big way. and a taiwan semi conductor, which will get into, signaling that perhaps the boom is over. let's get into the semi conductor story, the leading chipmaker for the smartphone industry says that the handset one is waning. they expect a billion less than anticipated, and across the board you see a lot of chipmakers dropped.

jeremy keenan a british professor and author has spent. the military engagement of the united states in the region. that had been in america probably something much more important at the time the nine eleven that was the publication of the thing that's known generally has the cheney report the cheney report i think was the first executive order that president bush gave when he came into power which was to look at the crisis of the energy sector in the states in one thousand nine hundred seven imports of energy oil that supposed to fifty percent level that was psychologically sort of crisis level. in a report focused on future american spies or oil and of course focused on africa has becoming the most important supplier of good quality oil that the turtle struck system. even more important to the gulf certainly africa but comes of critical importance to the political classes in washington. of strategic interests is a side to the north algeria and libya the largest oil reserves in africa and to the south those of the gulf of guinea. the vast

su keenan can walk us through. the margins are much narrower than expected. let's go to the chart. and if you factor out the currency adjustments, ibm is flat. but you go into the full-year chart, you can see ibm has had a bumpy road. beat therter sales average. but really flat when the u.s. dollar is factored in. growth in strategic areas and cloud analysts were up. this is the market snapshot. cappedlar rebound was because of the russian sanctions. the house and start would say men stronger-than-expected. moverso to the market and a lot of it is influenced by the earnings at the top of the chart. a big win after hours yesterday. the fact that they have been able to raise prices and increase subscribers really embraced. united health care, they beat the estimate. investors loving that. amazon potential he benefiting from a favorable decision on internet sales tax. let's go to the bloomberg. this chart has to go -- has to do with investors preparing for a downside. u.s. markets are priced for the best case scenario. the warning is that the increase in potential downsides at the end

joining us now is the policy advisor for the syrian campaign keenan ramani.ing. >> good morning. thank you. receive steve you like that the president of the united states is talking tough and it looks fast there will be a strike on syria. >> i absolutely support president trump in his promise for a military action. in response to this heinous war crime. women and children were gassed to death while they were being starved by the assad regime. president obama completely blew it in 2001 which assad killed 4,000 people, 400 children. president obama did nothing. signing a deal with russia. allowing a iran deal allowing it to go through. collusion is working with russia to allow syrians to be gassed to death. we need to stand up for syrians not only facing chemical weapons, barrel bombs. being burned to death and their bodies being burned in cream torians. this is holocaust remembrance day and 14r50u8 imperative when we say never again we really mean it. president trump, we urge you to please follow through on your commitment to hold assad and russia accountable

su keenan here with more. how significant is this? su: it looked like it would break below the support. it gave way. that is cause for concern and it means that, perhaps, the long-term buyers are drying up. we know the moving average, which is the sellers, clearly have conviction. a market snapshot. to safety.light safe place such as gold, which was higher in the regular session. you saw crude down a bit. we will get to that in a bit. the big story here is the size of the selloff in tech. let's go some of the big movers. you're seeing a big drop in amazon.com. that was one of the stories of the day as trump continues to layer on the tweets, which are raising concerns. intel under significant pressure, as was the entire chip sector. they will make their own chips by 2020. tesla getting it from every angle, and credit and bonds under pressure. concern about the crash and delivery dates. concerns about its ability to answer some of the major questions investors are asking. general election starting to -- electric selling off pieces. that

is the university of south korea live at 6:01 in columbia and somewhere in there you have got the keenanhool marching band and ainsley earhardt to went to the school. abby: ainsley, i think they are there for you this morning. ainsley: i love them all. i have 85 sorority sisters are here. cardboard cutouts of all of us. they really are amazing. it's great to be home, back on southern soil. my dad and my brother are going to be on the show today. my first co-anchor. i was a news reporter and anchor here at the cbs affiliate and curtis wilson who is the public information officer for the sheriff's department here he was my co-anchor. is he going to join us soon. we go to my sorority house and go to the horseshoe where my grandparents met. we go to the stadium where i grew up going to all the games. it's so much fun. we went to the journalism school. we also have congressman trey gowdy on the show. we have senator tim scott and we have senator lindsey graham and you know nikki haley used to be the governor here. henry mcmaster is thought governor. you can see him on the far right. he is goi

su keenan here with all the action today. the upside it was. >> she delivered strong earnings that were expected. are the future earnings strong enough to show order? on the lowest volume of the year so far. we did not see currencies take center stage. currency devaluation. the dollar held on to its losses. we did see crude popping higher in extended trading. it gives back earlier gains. let's go into some of the most active. there was a lot of activity going on. possible m&a. a big trucker and turnaround backed by carl icahn. takeoverinvolved in a by volkswagen. some are calling it -- amazon announced its halting a plan to sell drugs to reduce competition. check out tropicana moving in a very big way. the casino appears to be in a deal to be sold. carl icahn has been making deals with some of his properties in recent weeks. let's look at netflix, the big star in after hours. up as much as 6%. fairly strong in what was allrted to be a win-win around, coming in with a record number of subscribers, exceeding all estimates. ..4

keenan here with more. let's talk about qualcomm, which sees the chinese smartphone improving.belts, we will fly through these. rising on the positive outlook, they see fiscal sales at $5.6 billion versus the analyst billion.of $5.45 they believe the crucial chinese smartphone business is showing signs of life. recent reports had concerns over prices in china. have qualcomm stocks fallen 20%, year to date. this is a needed boost. expectedpredict -- $.70. twitter, here is a today chart. earnings validated the turnaround. startedas executives talking, warning the pace would slow in the second half, down 7.7% after gains a 14% earlier. analysts say twitter is dealing with credibility. it pales in comparison to the growth facebook is thing. most of twitter's user growth is outside the u.s. ebay, disappointing outlook is the title here. revenue growth takes the shine off the ceo's turnaround strategy. the stock fell as much as 7% after hours. you are seeing it rebound a bit, down only half that much. they are expecting revenue of $2.64 billion. investors closely watching to see if t

su keenan is here to break it down. very bullish. >> yes, if you look at the charts.sage received from china that they would retaliate. let's go into the s&p intraday. at the lowest point we are down 1.5%. quickly we came back. there was a rehearsal yesterday. it was much bigger today. gain in five weeks for the s&p. let's go into the bloomberg. -- the bigd these at move from the bottom to the top has been repeated many times over, this blue box at the far right. but it alsoal, tells us, volatility here to stay. let's go to the snapshot. the market does not like uncertainty, and that is the main headwind here. the dollar fell as the mexican peso strengthened. you saw bonds reacting as well. what is important, if we look at gold, is a lot of the safe haven plays reversed as well, money coming out of gold. let's go to the big movers, those impacted by a potential trade war as the white house ramps up the talks and suggest, there is room for discussion. we saw boeing come off of a that byof 6%, slashed 1% at the close. apple concerned about components, came back with a p

su keenan is here with more.hen you look at these stocks on individual basis, big percentage declines. su: biggest move, phillip morris point.6% at the lowest stocks were down, bonds also down. the yields rising above 2.9%. the dollar advancing. the oil rally stalling but holding near the three-year high. let's go to the big movers and check out the size. not only the moves down, but moves up. american express blowing it out in terms of their earnings. that translated to a strong day. bank of new york mellon a strong day, partly on higher interest rates. allergan dropping. but apple, another area of focus. chipmakers dropping, the handset boom declining. the catalyst for everything else dropping. they are warning the current quarter will be $1 billion less than projected, in part because of waning demand for handsets, but a high-end smart phone, hints, hint, the apple iphone. apple iphone sales could be very weak. let's go into the bloomberg at gtv. the philadelphia semiconductor index, these chip stocks have had

betty: thank you so much, su keenan, on the markets and big movers in oil and gold.simmering tariff spat with the u.s. and china. this is bloomberg. ♪ >> after a huge economy like the united states [indiscernible] to say, are supposed knock yourself out and open up aade lines even more, that is really, i think, clever response. >> [indiscernible] even though china did respond to this ready seriously after the first imposition of the tariffs proposal. but, china is refocusing on opening up its own market, and also china wants to deliver the message that china supports globalization. >> the most important thing is to do more trade than less trade. there is an entire sector still crippled with barriers and tariffs and reservations, and that is the service sector, including e-commerce in particular. we need to move ahead. the world is becoming more digital, we cannot have these barriers. names talkingig about the potential for a trade war between the u.s. and china. let's cross over to arlington, virginia and speak to cornell university senior professor eswar prasad to t

su keenan joining us. >> balls in the air, not a good thing for the market.does not like uncertainty. could be the third day higher for the s&p, but now we have the toning down of rhetoric being toned back up and it sets up for a very volatile friday. let's go into the market snapshot. lower, it was higher in the earlier session. you had a move away from save haven plays with the exception of oil moving lower. if you go into the bloomberg, easy squeezey is the title of a shot we will show you. among big movers, those the most heavily shorted stocks. hedge funds had bet would move lower. we can go into the bloomberg and have a look at this. what we have here is a big rise. it raises the question, do you have momentum stocks moving higher, or do hedge funds cover their bets because there has been a reprieve in the market? we have news these tariffs may be back on. you may have hedge funds rush to reposition these shorts. let's take a look at what moved today. a lot of stocks beaten-down by tariff concerns. this one was a big gainer. if we can take a look at the

su keenan has more on what looks like a pretty decent rebound. we are seeing this solid rally, and minute petered out at the end. su: some would call it a solid rebound. it's going to the chart. gains completely evaporated. this volatility plate the markets all -- plagued the market all year. complications in washington. look at the market snapshot. we did see stocks up high. any conviction. we did not see a safe haven moved to gold. oil was hiring in a big way, although it is trading lower in extended trading. take a look at what was moving. we did have tech showing big strength and health care stocks. apple was up higher on the new iphone, a red one they are going to introduce midseason. positive news regarding its therapies. deutsche bank, the new ceo. first big day on the job. the u.s. presence is very important. and taking a big drop in this volatile market. go into the bloomberg if you will. the s&p 200 moving average is something we are continuing to watch. that big drop we had in the last week fell below the 200 day moving average. as we