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Jun 3, 2016
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i'm ramy inocencio. betty: thank you. let's get back to the surprising jobs data. u.s. employers adding only 38 thousand workers in may, the fewest since september 2010. saw i.s. m services coming in lower than estimated. so where does the fed from here? here is bond investor bill gross earlier on bloomberg. bill: it is enough of a shock to delete june into the lie for july.- to delay june into or two hikes is in the cards. the want to re-normalized rates. but numbers like this cancels in combination with brexit. so we will look forward july. :etty: here with us now is nick us. fund futures,that the way they are trading now, would agree with bill gross. 6%.re thinking what is going on? nick: tear up the playbook. the thoughts we had that they would warn about june and talk about it in july and july was a lock -- it was all wrong. we have to reset and try again. betty: did anybody know that anybody know- did this report was going to come this bad for the jobs market in the fed? we have been hearing the co
i'm ramy inocencio. betty: thank you. let's get back to the surprising jobs data. u.s. employers adding only 38 thousand workers in may, the fewest since september 2010. saw i.s. m services coming in lower than estimated. so where does the fed from here? here is bond investor bill gross earlier on bloomberg. bill: it is enough of a shock to delete june into the lie for july.- to delay june into or two hikes is in the cards. the want to re-normalized rates. but numbers like this cancels in...
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Jun 14, 2016
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let's head to the markets desk with ramy inocencio. ramy: looking at financials right now.nderperformance today. let's look at the xls right now. xlf downession lows -- at session lows, down for the past four days in a row. the lowest since april 13. let's take a look at some of the reasons this is happening. ,his company right here synchrony financial down more than 15% come on the 16% here. almost 16% here. not the biggest percent loser, -- the biggest drop ever since it started trading about two years ago. capital one financial is down more than 7%. american express down by nearly 5% with capital one financial down the most since february. bloomberg intelligence came up with a note earlier that said this marks the first warning sought -- warning shot when it comes to credit. the first company that has said it is raising its forecast for losses. some asset managers also falling. following on the order of 2-2 .5%. across the board, financials are in negative territory. david: that is ramy inocencio at the markets desk. back to chicago at the morningstar conference. morgan
let's head to the markets desk with ramy inocencio. ramy: looking at financials right now.nderperformance today. let's look at the xls right now. xlf downession lows -- at session lows, down for the past four days in a row. the lowest since april 13. let's take a look at some of the reasons this is happening. ,his company right here synchrony financial down more than 15% come on the 16% here. almost 16% here. not the biggest percent loser, -- the biggest drop ever since it started trading about...
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Jun 16, 2016
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time for options insight with ramy: -- with ramy inocencio. : joining me is the managing partner from options pit joining me from the cboe. brexit polls -- odds checkers are saying the other way. you say people are going to be buying in fear and the vix has been up and down. .uest: the vix has been way up i think it is well-known that it has had an outsized move relative to the moves on the s&p. we have not seen much of a selloff at all on the s&p 500 but the vix has gone from fort -- ato a high near 23 massive move and it points toward some sort of embedded strong move in the market. i think we could see a poll favoring the leaving. there's a lot of money if you look at online oddsmakers and the way hedge funds are set up, a lot of people betting on stay. we see a couple of polls leaning toward leaving and that could cause a real problem and could be the precipice to allow the market to flush and a real selloff. if they do decide tuesday, if britain's days in the eu, we and up with a flip -- with a fiscal cliff tight moment where the vix goes
time for options insight with ramy: -- with ramy inocencio. : joining me is the managing partner from options pit joining me from the cboe. brexit polls -- odds checkers are saying the other way. you say people are going to be buying in fear and the vix has been up and down. .uest: the vix has been way up i think it is well-known that it has had an outsized move relative to the moves on the s&p. we have not seen much of a selloff at all on the s&p 500 but the vix has gone from fort --...
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Jun 6, 2016
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let's go to the markets desk where ramy inocencio has the latest. is from the ground up, it is up. let's take you to wti crude. more thany a little 2% right now. it has been jumping for the marked -- for the most we have seen in the past seven months. this is the first 2% rise in the past three weeks. we did see earlier when janet yellen was talking, a leg down. we have recouped most of that over the course of the afternoon. we did see this problem on signs supply isl oil receding. militant attacks in nigeria of course as well as the weaker dollar pushing interest on commodities priced in dollars. it fell off of what is happening, let's see the other oil makers. halliburton up more than 4%, phillips also 2.7%. these are food commodities. take a look at what is happening with wheat, corn, and soybean. they are all up. , this is getting a november high. the reason is whether-related. a lot of rain in russia is slowing down the planting season and raising concerns there may be fungal diseases. with corn, whether is also an issue. up 2% here. it is a 10
let's go to the markets desk where ramy inocencio has the latest. is from the ground up, it is up. let's take you to wti crude. more thany a little 2% right now. it has been jumping for the marked -- for the most we have seen in the past seven months. this is the first 2% rise in the past three weeks. we did see earlier when janet yellen was talking, a leg down. we have recouped most of that over the course of the afternoon. we did see this problem on signs supply isl oil receding. militant...
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Jun 12, 2016
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i am ramy inocencio. begin with david westin's exclusive conversation with general motors ceo mary barra. david: it must frustrate you a bit that the stock prices have kept up. mary: there is an industry effect going on right now. a lot of people, specifically in the u.s. market, a large percentage of our profits are made, there is a big question of are we at peak, or are we heading for a trough? another issue is what is happening with sharing and autonomous. people are seeing it is a cyclical business, and as we come out of the cycle, what will be different? we are really disciplined, and we have been talking to investors to make sure they understand that we are well prepared. it is a very different general motors, and the fundamentals are strong. we understand we are a cyclical business, and we are prepared for it, but we are doing things to get rid of the bottom of the cycle by having businesses like gmf and onstar, to have a profit generation model rather than the core business that fluctuates with th
i am ramy inocencio. begin with david westin's exclusive conversation with general motors ceo mary barra. david: it must frustrate you a bit that the stock prices have kept up. mary: there is an industry effect going on right now. a lot of people, specifically in the u.s. market, a large percentage of our profits are made, there is a big question of are we at peak, or are we heading for a trough? another issue is what is happening with sharing and autonomous. people are seeing it is a cyclical...
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Jun 11, 2016
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i ramy inocencio.s for watching bloomberg television. ♪ narrator: the contemporary art world is vibrant and booming as never before. it is a 21st century phenomenon. a global industry in its own right. "brilliant ideas" looks at the artists at the heart of this, artists with a unique power to astonish, challenge, and surprise. in this program, american painter and filmmaker ellen gallagher.
i ramy inocencio.s for watching bloomberg television. ♪ narrator: the contemporary art world is vibrant and booming as never before. it is a 21st century phenomenon. a global industry in its own right. "brilliant ideas" looks at the artists at the heart of this, artists with a unique power to astonish, challenge, and surprise. in this program, american painter and filmmaker ellen gallagher.
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Jun 21, 2016
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let's go to the markets desk to check in with ramy inocencio. let me take you to what is happening with food commodities. across the board, generally falling across the board. the bloomberg commodity index is in session lows but turning around from last week. corn futures are down by 5.5%. it is also on pace for its biggest two-day plunge since august. the reason is because of better weather in the midwest, rainy and cool weather there. also, faster harvesting happening in brazil, the two countries of some of the biggest exporters of corn. soybean futures are down similarly on the order of about 2%. food to energy commodities. wti crude is losing some steam, down .8%, pulling away from the $49 a barrel mark. interestingly, tomorrow, we are expecting a pullback from supply. they are expecting a fall of 1.5 billion barrels. interesting to see if that happens. in terms of natural gas, that is rising .8% right now. we were talking about a heat wave in the west, record temperatures in california and arizona. that having an effect as people use more ai
let's go to the markets desk to check in with ramy inocencio. let me take you to what is happening with food commodities. across the board, generally falling across the board. the bloomberg commodity index is in session lows but turning around from last week. corn futures are down by 5.5%. it is also on pace for its biggest two-day plunge since august. the reason is because of better weather in the midwest, rainy and cool weather there. also, faster harvesting happening in brazil, the two...
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Jun 3, 2016
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ramy inocencio has more.- fifa,k at fee for warmer officials awarded themselves raises and bonuses totaling $80 million over five years. the payments of your to break the law, that evidence will begin -- be given to prosecutors that are investigating the allegations. the details of those contracts were released one day after police raided the office. instituted at has crisis center as the country raises -- faces the prospect -- prospect of flooding. thousands of firefighters and military personnel are involved. a week of heavy rain has led to heavy flooding across a large portion of europe, where 14 people have died and even more missing. in the united states, hillary clinton continues her visit to california ahead of next week's primary. she will speak in colder city, as willis and bernadino -- as well as san bernardino. blisteringed a critique of donald trump on foreign policy, saying he is unfit to be president. california is one of six states holding contests on the seventh. global news, 24 hours a day, p
ramy inocencio has more.- fifa,k at fee for warmer officials awarded themselves raises and bonuses totaling $80 million over five years. the payments of your to break the law, that evidence will begin -- be given to prosecutors that are investigating the allegations. the details of those contracts were released one day after police raided the office. instituted at has crisis center as the country raises -- faces the prospect -- prospect of flooding. thousands of firefighters and military...
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Jun 12, 2016
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i am ramy inocencio.ime to play the week's most interesting interviews on bloomberg television. let's begin with david westin's exclusive conversation with general motors ceo mary barra. she runs the largest auto company in the united states. david: it must frustrate you a bit that the stock prices have not kept up. mary: there is an industry effect going on right now. a lot of people, specifically in the u.s. market, a large percentage of our profits are made, there is a big question of are we at peak, or are we heading for a trough? e.m. to that is one of the issues. and i think another issue is what is happening with sharing and autonomous. people are seeing it is a cyclical business, and as we come out of the cycle, what will be different? but i think we are starting to really change perceptions because we are really disciplined, and we have been talking to investors to make sure they understand that we are well prepared. it is a very different general motors, and the fundamentals are strong. we under
i am ramy inocencio.ime to play the week's most interesting interviews on bloomberg television. let's begin with david westin's exclusive conversation with general motors ceo mary barra. she runs the largest auto company in the united states. david: it must frustrate you a bit that the stock prices have not kept up. mary: there is an industry effect going on right now. a lot of people, specifically in the u.s. market, a large percentage of our profits are made, there is a big question of are we...
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Jun 23, 2016
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is time for the insight with ramy inocencio. have the chief market strategist at bull's-eye options, joining me from the cvo week in chicago. very good to speak with you. markets are up, session highs, seeing a lot of rallying and optimism. we are not allowed to talk about the u.k. and the referendum because of their laws, so let's avoid that. i want to push ahead what might be the next milestone event you are looking ahead to to see what to get tape -- what could dictate the markets. >> the next event, the earnings obviously. we have two weeks, so it is important to talk about what the market didn't do as opposed to what it did. in the last week we saw a spike since vix, the highest february. and then, in reverse. we had a reversal of volatility, gold, new highs, and personal treasuries. that is optimism in the marketplace, and you have got to trust what the tape tells you. that is a positive. market selloff last week and they ended up going 1%. there is more this week. ramy: you are looking at eem, and emerging shares market,
is time for the insight with ramy inocencio. have the chief market strategist at bull's-eye options, joining me from the cvo week in chicago. very good to speak with you. markets are up, session highs, seeing a lot of rallying and optimism. we are not allowed to talk about the u.k. and the referendum because of their laws, so let's avoid that. i want to push ahead what might be the next milestone event you are looking ahead to to see what to get tape -- what could dictate the markets. >>...
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Jun 3, 2016
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first, to the markets desk where ramy inocencio has been tracking the fallout from the jobs report. e trying to make a comeback, trying to mount a recovery. ramy: we are definitely off of session lows after we got that payroll number of this morning. we are just meandering someplace in the red right now. this is where we stand, the dow was down by .4%, the s&p down .5%, the nasdaq down .8%. the follow-up from those payroll when the38,000 expectation was 160,000 when it comes to growth. , and assector health has been throughout the course of the day, financials continue to be the biggest laggard. 1.7%, followedby by consumer discretionary as well as energy. on the flipside, as is usually the case, in the inverse relationship, utilities climb the most. consumer staples being defensive as well as telecommunications also being defensive of 5.3%. with all the downs we are talking about today, there are still some winners, at least some positive stocks moving higher. about five andby one third percent. they provide wi-fi chips to apple. broadcom is saying it is seeing a 20% growth in terms
first, to the markets desk where ramy inocencio has been tracking the fallout from the jobs report. e trying to make a comeback, trying to mount a recovery. ramy: we are definitely off of session lows after we got that payroll number of this morning. we are just meandering someplace in the red right now. this is where we stand, the dow was down by .4%, the s&p down .5%, the nasdaq down .8%. the follow-up from those payroll when the38,000 expectation was 160,000 when it comes to growth. ,...
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Jun 29, 2016
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let's go to the market desk where ramy inocencio has the latest. lls for for stocks. oil is dropping as much as -- jumping as much as 4%. ever course is upgrading its ranking of transocean. transocean now 5.8%. ever court is raising this by one dollar to $12 a share. 4 billion barrels with the expectation. oil is pushing higher. car sector and the drivetrain sector. american axle and manufacturing up 6.8%. this is the biggest jump in a month. rbc capital markets is updating this to outperform. it is lowering the price target to $16 from $17. the company has less exposure to brexit, this will propel. let's look at dynegy, electricity provider. it is up 7.6%. this is because suntrust is saying a recent share in the past three weeks makes it an attractive entry point. -- 20 2%ve lost 20% since june 8 or nine, so it is upgrading from buy to neutral. and looking at darling international, up 7.4%. this is the biggest jump since march. and darling ingredients collects and recycles used cooking oil from -- cooking oil from restaurants. it puts it into the b
let's go to the market desk where ramy inocencio has the latest. lls for for stocks. oil is dropping as much as -- jumping as much as 4%. ever course is upgrading its ranking of transocean. transocean now 5.8%. ever court is raising this by one dollar to $12 a share. 4 billion barrels with the expectation. oil is pushing higher. car sector and the drivetrain sector. american axle and manufacturing up 6.8%. this is the biggest jump in a month. rbc capital markets is updating this to outperform....
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Jun 29, 2016
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let's check in with ramy inocencio ramy:. ramy:we are at session highs of 1.5% or more across the board with the major indices. ever since the brexit, markets to 2.5% since 2% june 23, right before brexit actually happened. the dow is up 1.5%. nasdaq is up nearly 2%. let's take a look at the intraday chart. the s&p, we see we have been on the up and up for the whole entire day. up for0, getting a leg the dia inventory. we have been higher. will show you the imac function, the s&p's 10 sectors and their health, and is good today. green across the board. even up 0.2%. this is, an energy-led rally. commodities are jumping, financials in second position, up 2%, health care, industrials also following similarly. let's talk about energy a little closer. i want to show you why it is moving. it is because of what is happening with nymex crude. it is up 10% off of session highs. you can see we crossed the $50 barrel market in the past 15 minutes, 30 minutes or so. this is on the back of eia inventory. that is, we saw a bigger than acc
let's check in with ramy inocencio ramy:. ramy:we are at session highs of 1.5% or more across the board with the major indices. ever since the brexit, markets to 2.5% since 2% june 23, right before brexit actually happened. the dow is up 1.5%. nasdaq is up nearly 2%. let's take a look at the intraday chart. the s&p, we see we have been on the up and up for the whole entire day. up for0, getting a leg the dia inventory. we have been higher. will show you the imac function, the s&p's 10...
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Jun 22, 2016
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david: time now for options insight with ramy inocencio for top -- ramy inocencio.erjoining me is scott and he joins me from the cboe and chicago. thanks for joining me. taking a look at the markets, they are moving toward the flatline. slightly negative on the day and exit is happening one day from now. where is your money when it comes to brexit? : i have to believe at the end of the day they are going to stay. but if you look at what the vix has been doing, you are seeing it fairly elevated. that put the question into what is going to happen here. but i think at the end of the day, they are going to stay. in terms of volume and debate amongst the traders, there's more talk about who's the greatest ask about player of all whether brexit is going to happen or not. but watch out, the volatility index might be telling us something. ramy: looking at the industrial groups, at least six or seven industry groups are down on the day in terms of the 20 day average volume. going back to the vix, have you gamed out what might happen if there is an exit? are you going to see
david: time now for options insight with ramy inocencio for top -- ramy inocencio.erjoining me is scott and he joins me from the cboe and chicago. thanks for joining me. taking a look at the markets, they are moving toward the flatline. slightly negative on the day and exit is happening one day from now. where is your money when it comes to brexit? : i have to believe at the end of the day they are going to stay. but if you look at what the vix has been doing, you are seeing it fairly elevated....
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Jun 23, 2016
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david: ramy inocencio at the markets desk. are we heading for a downturn in commercial real estate? pimco predicts that u.s. prices may fall as much as 5% to two titans regulations, debt insecurities, and publicly traded companies. but do our reporters share the same view odor thank you for joining us. you have done pretty well. in? e top in or almost reporter: rates are up 9%, investors had a good ride. and the one push back i got was that thought rates were going to rise, and here we are in june, 0.16%. we have had a strong environment for commercial real estate. low demand and supply characteristics. if they continue at 1.6% where it is, if we have 2% growth in the u.s., they should return in 2016 and beyond. months of the next 12 with the single-digit returns, there is an expectation. it was 6% today, so that is quite good. david: where is the market heading, where are we in the cycle? reporter: we are in the midpoint of the cycle. real estate prices have been to recovery since 2009. supply not had that much return. supply
david: ramy inocencio at the markets desk. are we heading for a downturn in commercial real estate? pimco predicts that u.s. prices may fall as much as 5% to two titans regulations, debt insecurities, and publicly traded companies. but do our reporters share the same view odor thank you for joining us. you have done pretty well. in? e top in or almost reporter: rates are up 9%, investors had a good ride. and the one push back i got was that thought rates were going to rise, and here we are in...
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Jun 7, 2016
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scarlet geomet we would check in with ramy inocencio. about a 10th of 1%, similar to the s&p, about as solid as it has been, in negative territory, and we will get to this and just a little bit. flirted out, we had with the 18,000 mark, and we are well off of that in the s&p 500, falling away from that 2130 mark, which was the record high setback in 2015, right now 2112 and some change there. bloomberg,r to my let me show you the s&p sectors, and energy is up the most, and that is on rising crude, pushing past the $50 mark, telecommute dacians up 1.4%, health care down, and this is in large part because of a couple of pharma biogen and alexion, both having trouble with drug trials. and some of the companies we have an watching today, one has been valued pharmaceuticals -- the biggest fall in three eant pharmaceuticals, and adjusted eps, about two dollars less than what it saw back in march. also, bending club postponing their annual meeting two june 20, and i just want to show this little flatline right here. this is actually where tradi
scarlet geomet we would check in with ramy inocencio. about a 10th of 1%, similar to the s&p, about as solid as it has been, in negative territory, and we will get to this and just a little bit. flirted out, we had with the 18,000 mark, and we are well off of that in the s&p 500, falling away from that 2130 mark, which was the record high setback in 2015, right now 2112 and some change there. bloomberg,r to my let me show you the s&p sectors, and energy is up the most, and that is...
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Jun 30, 2016
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. ♪ david: time now for options insight with ramy inocencio. ramy: dan is manager at kkm financial.to see you. i know we will be speaking about emerging markets. that, let'st to talk about the markets here in the united states. signify to you? do you think this is all overdone and we are in the clear? >> that is a good question. there is more headshaking going on here today. this is an impressive run up. the fallout from here as far as how the market will move forward, now, what is the economic ramifications. you have got a >> for yield going on. a positive, reinforced loop going forward. it did at this time as well. right back uptor this time. today underility pressure. down at about 16 and below that now. usually a time slower volatility. >> the futures are higher right now. i expect it will change the landscape for the short term. see a lot of central banks command in the fed chairman does not see a list. -- a risk. 11.5 join dollars of negative yield bonds, you see money flowing toward any chance. i think that will play out longer but ultimately, the pendulum keeps pushing towar
. ♪ david: time now for options insight with ramy inocencio. ramy: dan is manager at kkm financial.to see you. i know we will be speaking about emerging markets. that, let'st to talk about the markets here in the united states. signify to you? do you think this is all overdone and we are in the clear? >> that is a good question. there is more headshaking going on here today. this is an impressive run up. the fallout from here as far as how the market will move forward, now, what is the...
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Jun 3, 2016
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ramy inocencio, bloomberg news. robert kaplan says he is looking for solid growth in the numbers. tempted to >> we are getting to the point where it will make sense to move some level of accommodation in the near future. what does that mean you go for me, it doesn't mean june or july. i am getting to the point where i would be advocating that we take an additional step. anna: the fed's mandate are not the only thing the central bank is speaking about. -- he says the brexit vote is also a factor. >> with brexit, there is a lot of uncertainty. there is uncertainty about the results. there is uncertainty about what would happen in the case of a leave vote or a remain vote in markets. yes, under those circumstances, it is a factor that i would consider. anna: let's bring it to the --versation, didier duret a didier duret. great to have you on the program. perhapsuggesting that the brexit question, the eu referendum hangs over markets. that could be more important as a something that holds the fed back in june. which is more important to the fed? didier: the situation is the prevailing
ramy inocencio, bloomberg news. robert kaplan says he is looking for solid growth in the numbers. tempted to >> we are getting to the point where it will make sense to move some level of accommodation in the near future. what does that mean you go for me, it doesn't mean june or july. i am getting to the point where i would be advocating that we take an additional step. anna: the fed's mandate are not the only thing the central bank is speaking about. -- he says the brexit vote is also a...
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Jun 8, 2016
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back to business where ramy inocencio has the latest on how we are treating here. -- trading here. very small range bound kind of environment. markets are up near session highs, the dow up .4%. i want to talk about the laggards right now because there are some of those. sector.he fertilizer we can see the reaction with mosaic down 2.7%. potash down 1.5%. they were expecting better contracts out of china and bitter demand growth from latin america, but that is apparently not happening as they were expecting. another sector, the apartment reit sector. about bay communities flat, had been lower. cut its apartment reit outlook. some cities saw spring leasing mrsisses. betty: much more ahead on "bloomberg markets." is it worth it to become a chartered financial analyst? we checked the salary numbers. is it really worth it? ♪ betty: this is "bloomberg markets." time for the chartered financial havest exam -- candidates studied for hundreds of hours and spent thousands of dollars on fees and materials. is it worth it? joining us now is jenny surane. you don't into the numbers. -- you dove
back to business where ramy inocencio has the latest on how we are treating here. -- trading here. very small range bound kind of environment. markets are up near session highs, the dow up .4%. i want to talk about the laggards right now because there are some of those. sector.he fertilizer we can see the reaction with mosaic down 2.7%. potash down 1.5%. they were expecting better contracts out of china and bitter demand growth from latin america, but that is apparently not happening as they...
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Jun 16, 2016
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let's head to see desk where ramy: -- where ramy inocencio has more for us. ramy:
let's head to see desk where ramy: -- where ramy inocencio has more for us. ramy:
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Jun 13, 2016
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ramy inocencio has a look at the latest. ramy: we are seeing this downward trajectory throughout the course of the day. this is a snapshot with the dow and s&p off on the order of about .5%. ofare looking at a lot headwinds this week and next week with the fed. the june meeting and the bank of japan also meeting to talk about rates and the brexit is definitely on the mind of traders. let's look at my bloomberg and i want to show you what's happening on the s&p. creep up across the board. utilities are only marginally up higher. information technology continues to be the biggest laggard, down about .8%. energy had been higher but losing ground, down by .1%. to stick with energy because in terms of morgan stanley, upgrading u.s. toloration and production attractive and boosting brent oil to $80 a barrel from $60 and barrel, so people going long on oil should be interested in that news. looking at nymex crude, it is lower by .9%. stocks thatt energy are seeing the biggest point ayers and these are where they stand. stanley'se of
ramy inocencio has a look at the latest. ramy: we are seeing this downward trajectory throughout the course of the day. this is a snapshot with the dow and s&p off on the order of about .5%. ofare looking at a lot headwinds this week and next week with the fed. the june meeting and the bank of japan also meeting to talk about rates and the brexit is definitely on the mind of traders. let's look at my bloomberg and i want to show you what's happening on the s&p. creep up across the...
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Jun 22, 2016
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david: let's head to the markets desk where ramy inocencio is standing by. looking at gas and oil prices off the latest data for weekly inventories. let's take a look at what is happening with wti crude. we hit our session lows in just the past half hour or 20 minutes, but up slightly off of that, 1.5%. the reason for these slide that we saw was new u.s. supply data 900 out seeing a drop of 17,000 barrels. the forecast was for 1.5 million barrels. the reason for this was a jump in exports, which rose to its highest level since december 2012. i want to show you what is happening with the change in crude oil inventories through october 2015 all the way through to today. for the past five weeks in a row, this has been a weekly fall, but the most recent weekly fall is the most -- is the smallest in the past five weeks. natural gas also falling, seeing its session lows right now. this is its first down day in the past four days but from the eia, the agencies saying soft palate rose. the weather is also a factor. we were talking about record temperatures in the wes
david: let's head to the markets desk where ramy inocencio is standing by. looking at gas and oil prices off the latest data for weekly inventories. let's take a look at what is happening with wti crude. we hit our session lows in just the past half hour or 20 minutes, but up slightly off of that, 1.5%. the reason for these slide that we saw was new u.s. supply data 900 out seeing a drop of 17,000 barrels. the forecast was for 1.5 million barrels. the reason for this was a jump in exports,...
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Jun 26, 2016
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we will bring back ramy inocencio, who has picked out his top chart this hour. ot. ramy: it is interesting that puts it in perspective basically how bad the fall was in terms of the s&p 500 in response to brexit. we know that in global markets, we lost $2 trillion, not something to sneeze at. lost $710 billion on friday, that is are presented right here. reaction down 6.3%. the interesting thing here is it has happened no less than 51 times, the fall of 3.6%, no less than 51 times over the past three decades since 1986. interestingly, take a look at what happened that has been worse, taking a look at last year, we saw the august 2015 s&p 500 correction, on the order of 9%, no, 7% or so. september 2001, that was even higher. we go all the way down to the biggest orange bart chart, this is -20%, if you are around trading, that was black monday back in 1987. historically speaking, the seven or 10 billion -- the $7 billion or $10 billion was mind blowing to people. the $710 billion was mind blowing to people. betty: fantasy i have lived through all of that. here in n
we will bring back ramy inocencio, who has picked out his top chart this hour. ot. ramy: it is interesting that puts it in perspective basically how bad the fall was in terms of the s&p 500 in response to brexit. we know that in global markets, we lost $2 trillion, not something to sneeze at. lost $710 billion on friday, that is are presented right here. reaction down 6.3%. the interesting thing here is it has happened no less than 51 times, the fall of 3.6%, no less than 51 times over the...
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Jun 30, 2016
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ramy inocencio has the latest. : breaking news that hershey's board has in total rejected mondelez's offer. hershey said it confirmed it received a prillaman a nonbinding indication -- preliminary nonbinding indication of interest from mondelez, but no further discussion off of that. her she's is halted -- hershey's is halted, but last time we checked it was up 15% and on track for the highest since shares started trading in 1988. let's go to the commodities close right now, because that has just happened. first of all, let's look at what's happening with wti crude, down sharply right at the end of the commodities close, down 3% year, giving back gains we saw over the past few days amid rebalancing over the last two days. we saw the vinci accrued rise crude rise 7.7%. that said, it is on track for the biggest quarterly rise in seven years. wtiie check crude, up 27 -- and similar rises across the board for other safe havens. ever since the start of the year, up 25%. silver futures, similarly up. copper futures up 2.6
ramy inocencio has the latest. : breaking news that hershey's board has in total rejected mondelez's offer. hershey said it confirmed it received a prillaman a nonbinding indication -- preliminary nonbinding indication of interest from mondelez, but no further discussion off of that. her she's is halted -- hershey's is halted, but last time we checked it was up 15% and on track for the highest since shares started trading in 1988. let's go to the commodities close right now, because that has...
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Jun 23, 2016
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ramy inocencio is here with a look at the results. o is doing great, and who is doing just good an average and needs to get better, right? ramy: definitely. all 33 banks did pass with mostlygood colors, flying colors. let me go through the numbers with you here, in terms of the best of the best. citigroup, wells fargo, and bank of america were the top three in terms of the amount of capital minimum that the federal reserve had mandated in order for them to pass these stress tests, mandated by dodd-frank. the mandatory minimum that the reserve had put out is 4%. as we go down, morgan stanley is at the bottom here, coming in at 4.9% against regulatory minimums of 4% will stop -- the regulatory minimum of 4%. they still are above the minimum, but as you can see they are flighted yellow, indicating that they are just a little too close to comfort. let's take a look at what is happening with foreign banks as well. they are doing better in terms of the range. deutsche bank coming in at 12.2 percent against the regulatory minimum of 4%. acros
ramy inocencio is here with a look at the results. o is doing great, and who is doing just good an average and needs to get better, right? ramy: definitely. all 33 banks did pass with mostlygood colors, flying colors. let me go through the numbers with you here, in terms of the best of the best. citigroup, wells fargo, and bank of america were the top three in terms of the amount of capital minimum that the federal reserve had mandated in order for them to pass these stress tests, mandated by...
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Jun 27, 2016
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markets closing in about two hours, and let's go to the markets desk were ramy inocencio has a look at the latest. ramy: we are heading to session lows just a couple points off the lows we saw a earlier. take a look at the snapshot, the board. the nasdaq is the biggest laggard, down 2.4%, but the dow and s&p 500 also compounding the in we saw on brexit day one, the aftermath on friday. not just today, but in the past two days, we are on track for the biggest two day fall since the flash crash in august 2015. in terms of sector laggards, these three here are the biggest by sector. the s&p material sector, down 3.7% here. so far, it has lost $10 billion to us today, and on track for its lowest close in the past four and a half months. s&p energy sector down 3% as well, and the s&p 500 down 2.5%, all seeing their biggest drop in the past two to four months. specifically with materials, it is down the most in the last two days since september 2011, when operation twist was started. taking a look at what's happening in other sectors. dow jones transportation average down 3% year. s&p 400 mi
markets closing in about two hours, and let's go to the markets desk were ramy inocencio has a look at the latest. ramy: we are heading to session lows just a couple points off the lows we saw a earlier. take a look at the snapshot, the board. the nasdaq is the biggest laggard, down 2.4%, but the dow and s&p 500 also compounding the in we saw on brexit day one, the aftermath on friday. not just today, but in the past two days, we are on track for the biggest two day fall since the flash...
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Jun 21, 2016
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david: it is time for the options inside with ramy inocencio.ning me is kevin kelly, chief investment officer at recon capital. always good to see you. today, i have been talking about how markets are range bound, with the janet yellen speaking on capitol hill, perhaps more so looking at brexit in the u.k. toyou think we are going push past this range bound session we are seeing once they get past brexit? season,de of earnings macro conditions really dictate the market. that is why we are in a wait-and-see mode with the british referendum happening. the market seems a little complacent given it is a 50/50 scenario. it could be a very drastic move either way, or another. that is a big concern. seeing thee summertime slowdown, yesterday was the official start of summer. x is generally unchanged, but you have been telling us, that is not that high historically. >> the historical norm is about 20. it tends to overshoot to the upside and tends to under shoot on the downside a lot. it stayed stable here and is heightened in the summer months outside o
david: it is time for the options inside with ramy inocencio.ning me is kevin kelly, chief investment officer at recon capital. always good to see you. today, i have been talking about how markets are range bound, with the janet yellen speaking on capitol hill, perhaps more so looking at brexit in the u.k. toyou think we are going push past this range bound session we are seeing once they get past brexit? season,de of earnings macro conditions really dictate the market. that is why we are in a...
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Jun 18, 2016
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. ♪ ramy: i'm ramy inocencio in for emily chang. giles for the hour here as well all eyes are on facebook specifically those of its share holders. stock closed down slightly 1% ahead of the company's share holder meeting on monday. they announced a plan to create a third class of shares this would cement mark zuckerburg's control of the company. it will send about 5.7 billion facebook shares but stripped of their voting rights. joining me to discuss this is tom giles and in san francisco facebook reporter sarah frier. how does this keep mark zuckerburg in leadership? sarah: zuckerburg said he would give a bunch of his wealth through initiatives that he sees are outside the scope of the company such as eliminating disease, counteracting poverty, improving education. so as he invests in those philanthropic initiatives, he needs to maintain control of facebook and this is going to cement that control for as long as he leads the company. ramy: so sarah, this sounds well and good now when facebook is killing it. the stock is up. people a
. ♪ ramy: i'm ramy inocencio in for emily chang. giles for the hour here as well all eyes are on facebook specifically those of its share holders. stock closed down slightly 1% ahead of the company's share holder meeting on monday. they announced a plan to create a third class of shares this would cement mark zuckerburg's control of the company. it will send about 5.7 billion facebook shares but stripped of their voting rights. joining me to discuss this is tom giles and in san francisco...
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Jun 10, 2016
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w making headlines outside politics we turn to ramy inocencio. overy off the coast of the bowing 757 may be spread out over 262 miles, if so, that would be the first debris found in the search zone, the plane disappeared more than two years ago. and one of the most expensive natural disasters in canada's history is expected to be a real estate boom. more than 200,000 homes were damaged by the wildfire and rebuilding may provide a $785 million boost to alberta's economy. powered by our journalists and more than 150 news bureaus around the world. i'm ramy inocencio. amanda: thanks ramy. could being prudent have unintended consequences? steven ratner is here, chairman of wil it advisors. he will come on set after this. ♪ david: this is bloomberg "go." 'm david westen. steve rattner, wil lit advisor's chairman is with us. steve, if this does go bad, how does this go bad? steve: well, i look at interest rates as more a flashing yellow as opposed to a red light. i think interest rates are something the central bank has done to avoid something like this
w making headlines outside politics we turn to ramy inocencio. overy off the coast of the bowing 757 may be spread out over 262 miles, if so, that would be the first debris found in the search zone, the plane disappeared more than two years ago. and one of the most expensive natural disasters in canada's history is expected to be a real estate boom. more than 200,000 homes were damaged by the wildfire and rebuilding may provide a $785 million boost to alberta's economy. powered by our...
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Jun 20, 2016
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ramy inocencio.y meeting with the indian prime minister, the world's most second populace country, and why india is critical for apple, next. ♪ ♪ david: this is "bloomberg markets." i am david gura. vonnie: and i am vonnie quinn. david: cory johnson joins us. let's start with what india announced today. what rules changed? hot and fast, requiring 30% of their components to be manufactured in india. the company is going to get some leeway. they will see three years as much as five years of the way to achieve that goal for the component manufacturing. therefore, if apple sets forth a plan to manufacture in india, they can start selling their now with the goal, of course, getting to that 30% being manufactured in india. what that means is they can grow a lot faster if they choose to do so. plus, they have to reapply and start the process over again. vonnie: why is it a big deal for apple to do that? sure, there is a one-time expenditure. apple is getting a deal for its 30% of manufacturing components. t
ramy inocencio.y meeting with the indian prime minister, the world's most second populace country, and why india is critical for apple, next. ♪ ♪ david: this is "bloomberg markets." i am david gura. vonnie: and i am vonnie quinn. david: cory johnson joins us. let's start with what india announced today. what rules changed? hot and fast, requiring 30% of their components to be manufactured in india. the company is going to get some leeway. they will see three years as much as five...
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Jun 7, 2016
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we have ramy inocencio joining us from new york. this is kind of depressing.does the world bank have to say? yeah, pretty depressing if you look at the whole global economy. i imagine, at least with the u.s. federal reserve, this could add more concern as they head to their meeting later this month. but let's get to the numbers. the old 2016 forecast from january was 2.9% for global growth, but the new forecast is now a 2.4%. this new forecast matches gdp growth from last year. the world bank is calling it , and that means anemic, lifeless, dead. a 0.5f the downgrade was percent cut, and outlook for advanced economies is here in the united states. the u.s. bank as it forecast at 1.9%, down from two point 7% when the forecast earlier came out in january. the world bank chief economist had this to say. he said, eight years since the start of the crisis in the united states in 2008, the global economy seemed trapped in low growth equilibrium. for the following global growth, he says commodity exporting countries have seen a slump in commodity prices, and the worl
we have ramy inocencio joining us from new york. this is kind of depressing.does the world bank have to say? yeah, pretty depressing if you look at the whole global economy. i imagine, at least with the u.s. federal reserve, this could add more concern as they head to their meeting later this month. but let's get to the numbers. the old 2016 forecast from january was 2.9% for global growth, but the new forecast is now a 2.4%. this new forecast matches gdp growth from last year. the world bank...
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Jun 21, 2016
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ramy inocencio has the latest. y: term right now is range bound.king on capitol hill with her t
ramy inocencio has the latest. y: term right now is range bound.king on capitol hill with her t
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Jun 29, 2016
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ramy inocencio is sending by. ramy: session highs right now are three major indices. about $260
ramy inocencio is sending by. ramy: session highs right now are three major indices. about $260
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Jun 9, 2016
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i am ramy inocencio. david: coming up, battling for viacom. the ceo running out.e legal fight. bobwe hear from disney ceo iger on the company's expansion in china. ♪ ♪ david: this is "bloomberg ." ceo is not giving up. he is calling for something for redstone. this controls the $40 billion empire. bill cohen has been following this and joins me now. why do we start with just these dueling lawsuits. what is going on right this moment? reporter: what is really at the heart of this is that shares of -- sherry redstone, his daughter who has been estranged, and the ceo of viacom, do not get along. reelected,ppe was there was discussion about andng sumner off the board philippe being named chairman of the board. sherry voted against it. she was 11-1 vote in february or whatever. they have been at it for a while. so that is what these lessons are about. orrry is trying to take over control the situation. she wants to get rid of philippe and the guys around him. david: philly was always haver's lawyer, and they been so close, like a surrogate son. you have the estrang
i am ramy inocencio. david: coming up, battling for viacom. the ceo running out.e legal fight. bobwe hear from disney ceo iger on the company's expansion in china. ♪ ♪ david: this is "bloomberg ." ceo is not giving up. he is calling for something for redstone. this controls the $40 billion empire. bill cohen has been following this and joins me now. why do we start with just these dueling lawsuits. what is going on right this moment? reporter: what is really at the heart of this...