Wrapping up talks with house and Senate Republican leadership. Lot of talk about that here. But trump and House Speaker paul ryan describing the meeting as, quote, a positive step toward unification. Okay, you can read not yet at unification, not all the trump news is coming out of d. C. Plenty of trump pepper at the salt conference. Thats the skybridge alternative conference in vegas. Former House Speaker john boehner departing from the current speaker and throwing full support to donald trump saying anyone who thinks donald trump cant win, quote, just watch. This is the trump Fundraising Team uses this very conference to strategize and raise hundreds of millions of dollars for the president ial race. One of the houses most conservative congressman reacts to trumps day on capitol hill. Congressman Nick Mulvaney here live along with ed rollins and Julie Roginsky, on all the a no republican side but wait until you hear what bernie is saying about hillary. Were not talking all politics a
After mettling around through most of this week barely going anywhere. They get a third of a point increase. You can take that to the bank slightly but the volatility over the last five trading sessions has been next to nothing. Were looking at that with the futures again. That feels like summer. The weather yesterday does not feel like summer at all. 57 degrees yesterday. But you know what the ocean temperature is here. 50s. Yeah. So enjoy that weekend. Buying is going to be lou i can today. Probably not super strong. Lets talk about the big stories were watching this morning. The bank of japan keeping its monetary stimulus unchanged as expected. Also slightly revising up its assessment of the economy. Lets tell you whats going on in europe. German business moral weakening in may. Thats the first decline since october but the closely watched survey remained at a high level overall and then mario draghi was beginning a speech in portugal reiterating his call for euro zone countries to
And Standard Poors highest ever, 1744, up 11 points on the Standard Poors. Another record day for the s p. Broader averages posting the best weekly gains since july. Bob pisani, what a week on the heels of a government shutdown. New highs and good volume the last several days. Today was an expiration day, maria. New highs with expanded volume. Thats a great confirmation for the strength of the market. New highs not just on the s p 500. Take a look. Several major indices. Dow transport, historic high. Russell 2000, historic high. S p 400 midcap, historic highs. Every time something falls down, another sector moves forward. Financials were weak earlier in the year. Now theyre market leaders. Health care comes to the fore. If materials drop off, energy comes to the fore. Market keeps rotating into new sectors and thats why were up 2 2 on the s p 500 so far this year. A number of factors helped this week. Interest rates kept dropping. Look at the tenyear yield for the week, kept dropping.
(Bloomberg) To get a sense of the speculative euphoria in risky assets right now, consider Friday’s trading action. A slew of investing pros was transfixed by a meme-stock guru live streaming his near-$300 million position in GameStop Corp. — even as the world’s largest bond market sank anew on hot economic data. Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansHere’s Everything Apple Plans to Show at Its AI-Focused WWDC EventBehind ‘Suicide Squad
Risk Appetites Roaring Anew in Wall Street s Unflappable Markets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.