With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst
The russell 2000 continuing its outperformance, it had been lagging, it had a big start postelection and came down. Or the past few sessions, it has been doing better than the majors in terms of the percentage gains. The dow slightly in the green, very slightly. The s p and nasdaq trading a little bit lower. We have been watching oil prices. Inventories data this morning, that showed that a larger than estimated built in crude Oil Inventory at a big drawdown and gasoline and distal inventory in the wake of Hurricane Irma and the recovery from hurricane harvey. That was a bit of a surprise. Oil went up. Still hanging onto a gain of 1. 7 and holding about 49 per barrel. That means strength in the oil industry. And oil stocks with energy the best performing group in the s p 500 and some of the gains we are watching, apache, conoco phillips, in terms of the exploration and production companies. Outside of the world as stocks, watching bitcoin. Jamie dimon got attention yesterday for a tras
Former bush 43 spokesperson mercedes schlapp. Is this latest distinction, mercedes from the Obama Administration, president obama himself purportedly he had given the new president to be a heads up on general flynn a game changer . How would you describe it . I dont see this comment from these Obama Administration officials to be necessarily a gamechanger in any way. I think that President Trump at the time did have faith in Michael Flynn. I do believe that following what we have seen in these events that happened in the months, in january, february, where flynn had to resign, flynn continues to be that reoccurring nightmare that does not to away for the Trump Administration. Were all anticipating see what happens with the sally yates testimony which i think will be very telling in terms of these warnings that were given to the Trump Administration. But i just dont see it necessarily, what this actually brings what is a gamechanger, after the president and his team said no longer they
Muslim mayor have taken verbal shots at each other. He invited donald trump to london to meet his family and the british public. Global news 24 hours a day, powered by her 2400 journalists in more than 150 news bureaus around the world. Im mark crumpton. Next is bloomberg west. Emily im emily chang in this is bloomberg west. Mr. Cook comes to mumbai. India is on the Apple Studios itinerary for the very first time. Will britain stay or will it go . Microsoft pick sides in the great grexit debate. Company chairman John Thompson joins us to explain. Shares took another dive. But first, to the lead. Apple ceo tim cook set his sights on the massive market potential of india. He kicks off his first visit to the country wednesday. Besides and unconfirmed meeting with the prime minister, hes pushing for opening of his first retail store in the nation and announced an Accelerator Program for ios developers in bangalore. So why now . India is a market too good to ignore. Mobile sales declining o
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