Listen: Bloomberg, Charlie Pellett, Ali Levin discussed on Bloomberg Businessweek
"Bloomberg world headquarters. I'm Charlie Pellett. Remove into the final hour of trading here. We've got the Dow the s&p NASDAQ all on the minus side stocks are slipping as investors grow anxious that the Trump administration won't be reaching a trade deal with China before March deadline for escalating the war right now. The s&p is down thirty four points. A drop of one point three percent. The Dow down two hundred eighty seven lower by one point one percent, and NASDAQ is lower now by a hundred and seven points that is a drop of one point five percent ten year up twelve thirty seconds with a yield of two point six five percent. What about the Federal Reserve Ali Levin is chief strategist A B N Y Mellon investment management. She was interviewed this morning on Bloomberg television. We think that the fed stands Pat for the first two quarters, at least think the realistic quarter where there might be raised is September. They'll be some effects from the shutdown in the first quarter. Numbers the rebounds happens in the second quarter. So that needs to sort of even itself out. So real number probably comes in the third quarter of where we're going in this right now, we've got gold pushing higher by three tenths of one percent thirteen ten the ounce. West Texas intermediate crude down two point four percent fifty to seventy per barrel of WTI Johnson and Johnson says it will start giving the list price of its prescription drugs in its TV ads. Johnson and Johnson shares. They're down by one percent. The drug maker will be the first to take that step tapestry owner of coach plunging. The most injured Ray since two thousand twelve after becoming Vallejo's consumer facing company to sound a wider alarm right now, we do have a shares of tapestry plunging by fifteen percent apple out with a software update for iphones, and it's other devices to fix that bug that let users of FaceTime video chat. Listen on people before they accepted or rejected the call and be be in t- buying son. Trust banks in the world's largest Bank merger in more than a decade. Beebe and tee up three percent SunTrust up by nine point two percent. Recapping stocks, lower SNP down thirty to a drop of one point two percents. I'm Charlie Pellett. That's a Bloomberg business flash. This is Bloomberg BusinessWeek with Carol Massar and Jason Kelly on Bloomberg radio. It is time for the bond report Kathleen as global economics and policy editor here with us in New York City's."