Beyond the bell bloomberg's Comprehensive cross-platform coverage of The u.s market close starts right now And right now we are two minutes away From the end of the trading day romaine Bostic caroline high taylor raids Counting you down to that closing bell Here to help take us beyond the bell It's our global simulcast carol master Tim cenavik joining us right now we Welcome in our audiences across Bloomberg television radio and youtube Carol a lot to parse here not only for The day but really for the month here We're bouncing off the lows of the day At least for the nasdaq and the russell But we're still pretty much deep in the Red here for all for most of the major Indices yeah absolutely and i've been Looking at the swings i mean first of All we've got about two percent swings On both the nasdaq 100 the s p 500 and Also the russell so anywhere in the Market it feels like there's volatility And uncertainty tim among investors well One thing that's interesting is there's Not uncertainty about bitcoin's price Today it's up close to 12 and this is Pretty fascinating because it's been you Know a really risk-off day for the most Part but bitcoin's been higher for for Much of it so it's kind of going against The narrative of trading with equities Instead it's looking at potentially the
Repercussions of sanctions and you have To look at each and every type of asset Each particular global in repercussion Of what might happen from the level of Sanctions whether they'll be raised Whether the fact that canada is now Pushing back at this sort of oil imports A small importer at such but whether we See any spillover effects from there It's notable we've got volumes up is Anyone going to dare to say rebalancing On an end of the month kind of a day so We could say that when it comes to Treasuries romaine You don't want to hear that No No that's a myth um no i'm joking it's Not a myth don't nobody write me please But seriously when we get back kind of To the gains that we've seen here today Late in the session here and you add to That the rally that we saw on thursday And to a smaller extent on friday here It does give you a sense at least here In the united states and specifically Within financial markets some people Think that the economic effects will be Relatively contained uh and that at Least here in the united states who Maybe won't have as much to worry about The dow jones industrial average is Going to finish the day down though by About five tenths of a percent down 179 Points for the month it's going to be
Down by about three and a half percent The s p lowered by about 11 points or Two tenths of a percent here on the day It's going to finish the month month of February down about three percent the Nasdaq higher on the day by about 57 Points or four tenths of a percent and It's down almost five percent on a Monthly basis as far as the russell 2000 Higher on the day by three tenths of a Percent and for the month of february It's up by one percent even a little Volatility when it comes to the closing Bell kind of closing and then not um What's interesting is the vix uh up Another two points we just talked with Uh dan pipitone over at trade zero uh America and he said what he's seeing on The platform is investors going long and Short names like meta facebook those big Technology names taylor interesting You're also seeing some big longs when It comes to the energy sector and i've Sort of been repeating this carol but The theme for the year has been an Energy sector that's up 25 percent and The theme of the day is that continues You're up two percent or more at least Auto components come in there as well Utilities are also gainers partly is Because it yields lower typically has Been a boost to utilities otherwise Those are the only four sectors in the Green everything else is pretty much
Read on the screen and much much lower I'll bring you down to some of this Sectors at least that are a lot lower Consumer services real estate food and Beverage and then of course the Financials with those yields lower There's been a lot of talks about how They're going to be operating in this Sort of environment and this new regime The financial sector you're off about 2.7 All right so amid all of this red we did Find some gainers and some standouts um Got to talk about the chevron deal Confirmed early this morning we talked About it late on friday when bloomberg Reported that there could be a deal to Buy renewable energy chevron coming out And saying yep we're going to do it it's A 3.1 billion deal and so we see shares Of chevron up about one and a half Percent it's target renewable energy up More than 40 percent and it's just Showing how we are increasingly seeing Even those big integrated oil companies Looking at a non-carbon world and Increasing their steps when it comes to That also got to talk about clean energy Stocks surging one of the standout Groups in today's session solar edge was Topping the s p 500 up about 15 here and Again this is expectation because of the Russian invasion of ukraine we're seeing Increasingly the u.s europe expectations
That they're going to move even more Quickly into renewables i'm glad i'm Glad your board has all three energy Companies because when you look at what We saw in the s p 500 and the sort of The bounce that we got into the close Here five of the top ten stocks to close Out the day here on a percentage basis The gainers are energy stocks and the Others are like tesla which i guess can Sort of fall into that energy category And the rest are basically defense Contractors so that's what basically got Bit up into the close absolutely hey Well let's look at um some of the Decliners today uh romaine you talked a Little bit earlier about uh epam Services epam systems this is an i.t Services company having its worst day Ever uh the company finished the data Down by more than 45 At the worst one-day decline ever the Company withdrawing its first quarter And 2022 guidance citing quote Heightened uncertainties from russia's Invasion of the uk it does get about Five percent of its sales from russia But it's those development centers that It has in russia belarus ukraine hungary Poland as well as india and china it's Trying to get its employees out of there And actually Accelerate hiring across latin america And other areas yeah and they actually
Said that they actually had to kind of Withdraw basically kind of shut down Some operations and there was a good Note in one of the bloomberg stories Today about how much business they do With european financial companies and How that could be uh sort of complicate Things uh given the new sanctions put in Place yeah Talked about right right on their Platform exactly it's getting a lot of a Lot of attention on trade zero america Today as well um we want to keep one Certainly to keep an eye on in the Coming weeks as well let's talk about Philip morris international russia is The fourth largest cigarette market in The world by volume and for uh philip Morris international about eight percent Of the company's total tobacco product Shipment comes From russia but it's also been a Standout market for the icos platform That smoke free E-platform so uh certainly one to watch There as well finished they down by Close to four percent and then bp uh Adrs of bp down five percent after the Company said it would end its alliance With uh rosneft and exit russia Effectively and bp falling even as oil Prices spike higher and oil prices spike Higher even as we think about those Tapping of reserves coming from
Potentially the united states but so Stressed is the market at the moment as To the warriors what happens with Russia's Exports from of course that particular Part of the world brent crude pushed up By more than four percent we're 98 Dollars still off of that 100 high but Still brent crude currently up in 98 and We see wti crude up about five percent And 95 as well that commodity push Higher that we've seen across the metals That you saw across in soft commodities As well corn and wheat because of course They're largely coming from russia and Ukraine an awful lot of the global Supply from those countries it spills Over into the fx market because when you Have global commodities push higher that Is why you see the likes of well the Canadian dollar push on the upside the Aussie dollar do well against the us Dollar also though what's doing well on Fx perspective is the swiss franc up Nine tenths percent the japanese yen at Five-tenths percent why your haven trade We are still worried about the leveling Up of sanctions and what that means in Terms of the Response coming from putin we're seeing At the moment sovereign bonds search for Hafty safety happen across the board German yields in the two-year bund 15 Basis points higher french moving to a
Similar degree across the board a desire To get in to your haven trade when it is To the short term at bonds you certainly See that caroline here in the us as well Take a look just these are again one day Moves of price higher massive yield Lower 12 to 14 basis points pretty much Across the curve and i think romaine This puts into perspective of a 145 on The two year that was 160 just three Days ago a 182 on the 10-year that again Was just two percent a few days ago and This sort of theme of inflation is still Hitting us front and center despite Maybe uh hiking interest rates into a Slowing growth environment what that Means for stagflation what it means for A federal reserve that still very much Needs to act at least by some market Participants by that 25 basis points in March yeah and we're actually getting Still getting earnings out and we want To pivot back to that because some of These are still very relevant to the Market zoom a video of course one of the Big pandemic winners reporting our Earnings right now uh the four q numbers Again this is their fiscal fourth Quarter that we're talking about here uh Coming in above estimates but they're Giving guidance here for 2023 which is Basically their fiscal year that they're About to enter into here's the numbers 2023 revenue 4.53 billion to 4.55
Billion the street was looking for 4.75 Adjusted eps 345 to 351 street was Looking for 4.4 all the other metrics That they're giving with regards to the Forecast also coming in light that's why You're probably seeing the shares Slightly weaker here down about seven Percent but you didn't hear any sort of Negativity coming from the ceo if you Look dig into the press release ceo eric Really saying look they're addressing The large opportunity that they say they Still expect with customers continuing To transform how they transform how they Work and engage with their customers They say they delivered strong results With total revenue growing some 55 Percent carol well time will tell stocks Down about 28 already here in 2022 so Investors certainly voting differently In terms of how they see the outlook um This is going to be a big week though Tim yeah it certainly is i do want to go Back to zoom for for one moment just Because the stock moving in after hours Right now um you know we are seeing mass Mandates removed around the country and I do wonder to what extent people are Actually going to be going back to the Office and to what extent this actual Transformation of work Is a permanent one Because that certainly will affect Zoom's business yeah by the way zoom um
Also buying back shares uh about up to a Billion dollars so we're also seeing uh That headline crosstalk Falls Right Exactly it's down a lot still down about 10 all right that's going to do it for Our cross-platform coverage beyond the Bell on radio tv and youtube we will see You again same time same place tomorrow
