Investors cheer more cost cutting at barclays. The banks new boss says it will accelerate the sale of assets after delivering a sharp rise in q2 net profit. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. If you are just waking up on the east coast. Heres a look at the u. S. Futures. S p 500 just fractionally higher. The dow jones is up and the nasdaq seen higher by 12 points. This follows yesterdays strong rally. The dow was up by more than 1 s p up by more than 1 . The major averages snapping a fiveday losing streak and closed near the highs of the session. Actually we saw pretty heavy volumes. 4. 1 billion shares were traded on the nyse versus 3. 4 billion that you saw. Today all eyes on the fed and whether the statement will give us any clues on when the fed will move ahead with its first rate hike but also one sector that did extremely well in yesterdays trading session is energy. Saw that up by 3 yesterday because investors came back in and bought some of the
Reporter thats a shame about jimmy carter, he he was one of the best president s. Reporter High Pressure is buildings in from the west, we have sunshine coming up over the horizon. 71 in philadelphia. 61 in millville. 68 in sea isle city. Were low in terms of humidity. 67 by 6 00 a. M. 69 by 8 00 a. M. Comfortable, clear skies humidity not a problem and rolling through the day, it will be a warm one, but a nice summer afternoon ahead. 8 00 a. M. , 69. 3 00 p. M. , 83 degrees thats the high this afternoon before we dip to 80 by 6 00 p. M. For another hour or so, before dawn we have the meteor shower bringing down 100 meteors per hour. The best place to look is the northeast. Im going to look for it from the terrace in another minute. That might be something youll see in the northeast and see the meteors coming down, pretty cool. Reporter i stood outside in my driveway trying to see the meteor shower thats why i was late today. This is i95 near the airport. We have construction in the pr
Beautiful day. As we head into the weekend, the humidity returns and we heat up a bit. Ill have the details in the sevenday forecast. What about the highways and by ways . , karen. This is i95 at cottman, we had cleared construction and penndot came back and blocked the right lane, now they are cleared again. We have the accident in cheltenham avenue washington lane at water main break fromy either. Still an issue in this fire causing problems on humphreys drive. Stick to bristol road. You heard about the tractortrailer fire on new jersey turnpike. Youre moving better on the new jersey turnpike if youre heading northbound youre doing all right at this point, tam. Breaking overnight, a massive explosion killed 62 people, the bomb went off hours ago in baghdad at a packed market. We know that 89 people were hurt and police say a refrigeration truck which wouldnt seem suspicious in a market like that was used to carry the bombs. In the last hour, isis took responsibility in an act of sect
European equities are trading, 30 minutes until the end of the friday session. Little changed on the day for the stoxx 600, which means its touch and go whether we will rise over the week. We are on track to gain for the third week, which is the best run since january 13, all these currencies are rising against the dollar today. Yields declining across europe today. It busy day for earnings. Lets get on with it, the biggest steelmaker in germany falling as much as 5. 5 earlier. The most since july. It now expects Free Cash Flow in the year through september to be negative, and earlier projection was for slightly positive figure in the current fiscal year. Shares falling despite the announcement for the fiscal profit forecast after including its operating performance and agreeing to sell its brazilian steel plant. On the matter of steel, shares the worlds steer made her steelmaker down 7. 5 after it posted firstquarter profit that double beating estimates amid a rally in steel demand. W
It looks like former Texas Governor rick perry will get the nod. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg tech is next. Emily i am emily chang and this s linear technology. We will see how the fed meeting could impact the trump rally. Googles self driving car unit hits the road as a standalone business in the alphabet family and gets a new name. Why now . We will bring you the details. The senate fight looms over president elect to pick. As the cabinet shapes of we will dive into the impact on tech. Now to a story we continue to watch. Alphabet announcing its separating itself driving car business into a newly a new unit within the alphabet family. This eeo has been running the unit and made the announcement on tuesday at an event in san francisco. Alphabet has been developing Autonomous Vehicle technology for more than six years as part of the google x research lab. Where does what does this