Meeting with king abdullah. Ae expected to announce boost of cooperation by sending more military trainers to jordan to help the air force in the fight against islamic state. Prime minister may is also scheduled to stop in saudi arabia. The white house is agreed to a request from the National Archives and Records Administration to document each tweet posted by President Trump. That is according to the Associated Press which reports the request includes even deleted or corrupted posts. The president ial records act requires such correspondence to be preserved for history. The Previous Administration used an Automated System to keep copies of president obamas tweets. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from new york, i am scarlet fu. Joe and i am joe weisenthal. We are 30 minutes from the close of trading in the u. S. Scarlet u. S. Stocks kicking off the Second Quarter wit
Chicken soup. President elect trump making his big administration nominations and announcing his picks for National Security adviser, attorney general nca director today. We have all the details. Meanwhile, stocks are giving back their early gains today, but its been quite a week for the bulls with stock inflow levels not seen in nearly two years. Well discuss whether the record trump rally has come too far too fast. Trump has promised to roll back regulations but would that eliminate rules . We begin with the president elects new leadership appointments. John harwood has the very latest. Kelly, weve got some action today on the transition front. Three hardline appointments by president elect donald trump. First of all, Jeff Sessions, the senator from alabama, to be the attorney general of the united states. Jeff sessions is someone who was his views on race were too controversial. He was blocked a judge in the 1980s. Hes a staunch foe of legal and tangled with Big Tech Companies over
Explain. We begin with stocks rallying for a third consecutive day. The first time they have done that all year. Were on correction watch at this hour. They take the dow and the s p to the brink of exiting that precarious position. Big move in oil. The s p is out of correction by about a point. The dow still has some work to do by about 100 points. Believe in this move over the last three days . Theres really positive signs, scott. The transports are playing a big role here and thats been whats ailing one of the factors ailing the market for so long that disconnect. Bio techs bouncing really hard up 15 off their lows. Small caps out performing large caps up 7. 5 versus 6 and the banks are the only s p sector still down double digits on the year and you dont want to see such weakness given what we were worried about to begin with. Do you believe this three day moves . The other rallies have been punked. They sell right into it. Not even a couple of days. I think you have 24 hours in mos
A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet