And right now we are 2 minutes away from the end of the trading day.

Romaine Bostick here with Katie Greifeld taking you through to that closing bell.

It's a global simulcast. Carol Massar and Tim Stanhope join us

now. Welcome to our audiences across all of

our Bloomberg platforms, Television, radio, our partnership with you to hear

on another topsy turvy day in financial markets.

Oil prices up. Carol Massar some stocks down.

Gold, I'm told, not having the best day. Why are you smiling?

Carol Massar. All right.

So we are watching the markets. I think it's been kind of an interesting

day, trading on maybe a little bit of movement off of what we heard from the

president. Yeah.

Okay. I'm looking at oil right now.

Brent is still higher despite the fact that the president did make comments

about the end of the war in Iran. Carol was referencing that before I

rudely interrupted her. No, no, that's okay.

You are right, though, that oil is still up by 3.6%.

That's Brent WTI. Katie still up by 4.4% today, despite

comments that the president made that the war is wrapping up.

Yeah, it's interesting to see that reaction in oil, especially relative to

what we got yesterday. I have been looking at gold and I have

been for a while and looking at it today because we're looking at a 10th straight

day of losses. I will keep repeating this stat that is

a record daily losing streak when it comes to gold.

And it's interesting, as we were just discussing with Quinn over at Research

Affiliates, Romania, it still probably looks expensive right now.

Also on the gold point, too, I mean, we talk about that big drop.

And I was looking at the drawdown. I mean, we're something like 19% down

from that all time high back in January. We haven't quite gotten to where we were

back in 2022 when we had more than 20% drawdown in there.

But we are getting close to it. And a lot of lines in the sand,

particularly on the technical levels, pretty much across all of the major

asset classes as we get the closing bell here in New York.

It is right across the screen for most of the major indices with the Dow Jones

Industrial Average down more than 80 points or about 2/10 of 1%, the S&P 500

down 25 points, 6000 556. That number is important, down about

4/10 of a percent because that is a close below.

Once again, the 200 day moving average. The Nasdaq composite down about 8/10 of

1%. And you did get a little bit of activity

to the upside when it came to the Russell 2000 that closed higher, Carol,

by 5/10 of 1%. Yep.

Going inside the S&P 500, you just gave the how the numbers close remain.

But if I'm a look at the S&P 500, you had about 286 names to the upside on

this Tuesday. 217 Katy to the downside.

Yeah. When you take a look at the sector

levels, you definitely had more green then red.

Seven sectors finishing in positive territory just for finishing in the red.

In terms of what did outperform today energy as a sector higher by about 2%.

Getting back to what Tim was saying, what happened with Brent prices, overall

materials, utilities also on the leaderboard in terms of what didn't do

too hot on this Tuesday, communication services, a little bit of a wipe out.

They're down two and a half percent. Real estate and then tech, that is the

big red slice there, down about 7/10 of a percent Carol.

All right. Let's get to some of the individual

gainers. And I'm going to pull up actually two

boards. And this is an area that just was on

fire today. We're talking about coal stocks

rallying. Take a look.

Peabody Energy up about 8%. You had core natural resources, a gain

of more than 6%, almost a 6% gain on how adore Energy flipped on over to the

second board. And you've got Alliance Resource

Partners. That, too, is up about 2.7%.

You had Alpha Metallurgical resources. That was a gain of almost 9% and more

than 10% higher on warrior met coal. These coal stocks climbing as that war

in Iran. The U.S.

war in Iran continues and there's tightened supplies of LNG liquefied

natural gas, and that's expected to increase demand for coal.

So that is something that we are seeing. In terms of a play, you got to keep in

mind that LNG some of the impact that Qatar, we're talking about, 30% of their

capacity being knocked out, that is going to take something like 3 to 5

years to rebuild. So you are going to see folks looking

for alternative energy suppliers and means.

And that's why you've seen the goal, the coal sector really on fire today.

And just for something different real quickly.

Ticker GHG, we're talking about Janus Henderson.

That was up about 2.7%. That's after Trian Fund Management and

General Kelly's group increased their bid to buy the asset manager to fend off

a competing offer for offer from Victory Capital.

And the amended agreement is for about $52 a share in cash.

You saw the stock of Janus just closing above that mark, and that 52 is about a

$3 all cash price increase. So we'll continue to watch that one.

But again, another gainer. Tim, over to you.

All right. Let's do a few decliners I want with the

whole index, because software got so beat up today.

This is the iShares Tech software ETF tends to take a lot of liberties today.

3%. You got to do what you got to do.

This after the information reported that FWC is developing an agent to automate

some functions for sales, business development and other groups that have

been targeted in some sweeping job cuts. The agent being developed by IWC handles

some of the workload of thousands of tech specialists in areas like cyber

security and server networking. That's according to the report in the

information. So we saw software stocks fall and

remain lower throughout the day, down 4.3% for the iShares Tech software ETF.

Also taking a look at what happened with shares of Uber today, they fell as the

rideshare giant was reported to be in talks to acquire the German premium

chauffeur services provider Black Lane. This is according to manager.

Magazine. Exact details are unknown, but the

company's valuation is likely to be in the high three digit million euro range.

That's according to sources close to black land.

According to a manager magazine Uber down today by about 3.7%.

And finally, circle Internet group. This is the one that just sort of IPO.

What's going on? This is pretty wild, down more than 20%

today. It actually fell by more than 22% before

bouncing off those lows. Worst day ever, partly as a result of

potential changes to stablecoin regulation, but mostly to about concerns

about a competitor. So Tether said today that it entered

into a formal agreement with a big four accounting firm to complete its first

full audit, creating speculation that the company could be preparing to move

into the U.S.. This according to a senior equity

research analyst at MONNESS. Analysts believe also proposed changes

to legislation could reduce incentives for holders to maintain balances in

tokens rather than bank deposits. So make it more attractive to go back to

the banks, less attractive to hold in Stablecoins, which would affect Circle's

revenue as well. All right, let's take a quick look at

where we stand in the yield space here. We actually did see pretty much an

erasure of that drop in yields yesterday with almost parallel shift higher in the

yield curve, though, more activity, more selling that we saw on the two year

yield increase of about seven basis points on the day.

The longer end, 30 year yields up about 3 to 4 basis points.

Meanwhile, we do have some earnings this coming from GameStop, not a lot of

details, but let me bring you the numbers that we do have.

Fourth quarter net sales coming in at $1.1 billion.

That is a decline of about 14% year over year.

Also getting adjusted EPS in at $0.49. No comparison there.

Also, news coming through that GameStop won't be holding a conference call.

I was going to say I would just look forward to the conference call later.

GameStop over there, which they never do anyway.

So interesting though, the shares moving a lot.

After hours. They were down as much as 5%, but taking

back some of those declines right now, Tim So I don't know, maybe maybe that

conference call traders after hours, not too disappointed here.

I guess if you don't have to do a conference call, why do want I don't

know. But this is kind of par for the course

for GameStop shares down in the after hours, down by about 1%.

All right. So we won't be looking for headlines off

of that call. The stock is, though, up almost 14% year

to date and it's about 16% of the float is short.

Hey, Ramy, we did this story for you, actually, because we've been looking at

all of those TSA lines that are happening around the country and flyers

are trying to figure out, do I get to the airport 2 hours, 3 hours, 6 hours

ahead of time. Some are finding they need to give it

that much time. Others are finding they get there and

they're like, oh, the wait isn't so bad. Well, the reason I want we want to do

this for a man is because he had a real life experience with this over the

weekend. Well, first of all, it's like a role

here. I actually have to I have to fly

tomorrow, so I'm a little nervous. Okay.

I've been, like, intensely checking the TSA wait times at Newark Airport.

Maybe some reason I have to fly out. Have you considered driving?

It might be faster. I mean, you know, if you're going to

wait in line for 3 to 4 hours, surprisingly, Newark for a change

actually isn't the worst out there, believe it or not.

I think that's down. What time is your flight?

Maybe we can do a live call in for me. I was just thinking you could zoom in

from the airport. Yeah, it was an update.

Yeah, I do want to point out, though, I didn't get the Philadelphia airport.

Do you know what the longest line is there right now?

No, it's for the cheesesteaks. Apparently, they decided that today

would be the best day to set the Guinness World Record for the longest

line of cheesesteaks. 1200 feet of meat, cheese and bread,

enough to cover four football fields, was laid out across the airport's busy

connector. And you want to know what?

But it still wasn't as long as the TSA line to back.

Oh, that sounds so sad. All right, guys, that is a wrap.

Cheesesteak. Do you like cheesesteak?

Katie, you went to college in Pennsylvania?

Yeah, that's. It's not for me.

I love a good cheesesteak. All right, For you.

Let me. No eggs, you know.

Okay, That's what. All right.

Stay on that. I can't even know where cheesesteak is.

And I was. I'm somewhat familiar with the concept.

No eggs. Yeah.

Yeah. I think we have to go talk to Case

appropriate. All right.

Sorry. Work that out.

Work on me.