Financial institution that is work in the interest of progressive investors. Hello, everybody, welcome to little city books, the best bookstore in the world as we measure it. Thank you all for coming tonight, we know its drizzly. This is a very important and interesting book. Mark was the he directed, i always get it wrong, Financial Institution industry for many years which basically what they did was funnel money to people who were marginalized, im sure he could tell you more about that if you want to ask him. And we also have here tonight adam moss who is a magazine guy, esquire, many other things, he and mark were roommates at college and have always known each other for a very long time, thank you for coming out here, adam. So im going let them go on from here, thanks for coming. [applause] hi, everybody, is this registering. Lift it up. All right. Is that better . Anyway, welcome, thank you for coming, its really great to be here with mark who i have known for 41 years, 3, 4, 44
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
Today. Alix a really exciting couple of hours lined up. The theme is Capital Markets. They will be talking about mifid, regulation, tax reform. To help highlight that, i will be joined by david solomon, coceo of Goldman Sachs. Jonathan i want to know who at goldman wants to move from london to frankfurt. Alix nobody. Jonathan nobody i have spoken to. Alix i am asking him that. That is my last question. Jonathan lets get up to speed on the markets. Futures are firmer as we end the winning streak on the s p 500 in yesterdays session. We pop higher. In the fx market, the euro showing a little strength, up 0. 1 as we march toward Mario Draghis decision. In the treasury market, 2. 40 on the u. S. 10year. David thank you so much. Thats get an update on what is making headlines outside the Business World. Emma chandra is here. Emma the Chinese Party has elevated president xi jinping to the same status as mao zedong. It would give xi more power to enact policies after crucial reshuffle tomorro
Be brave. This is daybreak asia, live it from bloombergs u. S. And asian headquarters. I am yvonne man i am betty liu. Yvonne and i am yvonne man. It looks like we got a little bit more drama coming out of the u. S. China dialogue. It seems like the gloves came off in terms of the Trump Administration side. Have to wonder what happened behind closed doors. Would havehought we an action plan in the first 100 days. It was quite tense, both sides canceling their pressers. Will we go through with these tariffs . What is the relationship now between xi and trump . It seemed they were getting along swimmingly well at maralago. To have another golf outing to warm up relations again. [laughter] yvonne we thought this would be a very choreographed event, not too exciting, but we got more fireworks than expected. The pessimism in the markets, wall street, record after record we break. Asian markets, equity markets solidly in the green. Not the case in new zealand, lets take a look at the nzx 50,
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales