Argos delivers fo sainsburys as the uk retailer reports like for like sales ahead of forecasts, while cost cutting improves its bottom line good morning happy Independence Day to those celebrating it today volumes will be lower across europe as a result of that lets look at the ftse 100, off by 0. 3 . The cac 40 off by 0. 2. The xetra daxtrending lower. Oil prices reversing recent gains. Weve seen eight days of gains lets show you the sectors one by one autos, insurance and banks higher technology, telecoms a touch lower. I wanted to come back to some big stories. German generic drug company stada is trading higher as bain capital and cinven may seek approval from regulators to submit a revised bid to the group. And now lets talk about clariant a group of shareholders urged others to rejected the proposed merger with huntsman corvex says the deal wont unlock value and we saw some big moves in the u. S. Dollar yesterday and the u. S. Twoyear yields they closed at the highest level since
Live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is after 7 00 p. M. Shery it is after 7 00 a. M. In hong kong. I am shery ahn. Injured aftermore a van hit pedestrians in one of barcelonas most popular streets. Two have been arrested in Los Angeles Las ramblas. Spain has a history of terrorism. Passengers were killed by bombers in madrid in 2004. There are rumors gary cohn would be resigning as President Trumps top advisor and not to mention the political scandal going on. That is leading the markets. They took a big hit overnight. Betty they absolutely did, as you point out. It was interesting to see the terror attack rattled investors. But it was gary cohn and his possible departure that hit the markets. I want to pull up a chart g btv 360. It really tells the story. We saw the second worst day in terms of the drop of the s p, down 1. 5 today. The second time it has dropped more than 1 since last thursday. We thought north korea would continue to domi
Today. Cloudy. Occasional flurries. Highs in the upper 20s. West winds 15 to 20 mph. Tonight. Mostly cloudy. Lows around 20. Northwest winds 10 to 15 mph. Friday. Partly sunny. Highs in the lower 20s. West nds 5 to 15 mph. Friday night. Mostly cloudy. Lows around 14. West winds 5 to 10 mph. Saturday. Mostly cloudy. A 40 percent chance of light snow in the afternoon. Highs in t winds 5 to 10 mph. Saturday night. Snow likely. Moderate snow accumulations. Lows in the lower 20s. Chance of snow 70 percent. Sunday. Cloudy with a 40 percent chance of light snow. Highs in the upper 20s. Sunday night. Mostly cloudy with a 40 percent chance of light snow. Lows around 18. Monday. Paly sunny. A 30 percent chance of light snow in the morning. Highs in the lower 20s. New this morningpolice are . Looking for suspects . After a . Double homicide . On milwaukees far northwest side. People cald 911 around 1 30 this morning. Reporting the sound of gunfire in a home near . Appleton and florist. . When off
If not in the immediate wake of the fed minutes coming out. The nasdaq and the dow all higher. The nasdaq is the winner of the day on Strong Technology numbers from Applied Materials and a general lift and technology. If you look at the week now for the s p 500, it is posting a gain of nearly half of 1 even though there was that rocking this in the wake of those fed minutes coming out. Week,still again for the snapping a threeweek losing streak for that index. In todays session, tech is the best performing sector here. Information technology up nearly 1. 5 . Financials also doing well as well as health care. Consumer staples not faring quite as well. , watchingage terms some of the best performance on the s p 500 today, i mentioned makerd materials, the of chipmaking equipment, with a forecast ahead of estimates as orders search. Endo Health Solutions apparently the federal trade commission is granting some kind of antitrust approval for an action, but its not clear exactly what its fo
Bullard told cnbc about a potential june hike. Obviously weve tried to be data dependent, and i dont think theres any reason to prejudge the june meeting at this point. We can wait until we get to the meeting, see what the data say and try to make a good decision there. I think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. The labor market data, as i said, if you just took your signal from that, wed definitely move, i think. As a reminder, june is scheduled to have a presser, july is not. Says were at or beyond full employment, jim. Right. Now, he had wavered last time because he felt if oil went to 20 then he would be a lot less willing to hike. Obviously oil went the opposite way, so i think he goes the opposite way. And i think hes being very considered, making good judgments. Yeah, if the numbers continue to be this strong, yesterdays number from T