And. And furious. Guest help use track name news in Global Politics and policy. The Democratic Party is trying to reach out broadly to americans. We have been seeing since the beginning of the year, a significant pickup in the rate of money supply growth. It is ostrich ahead on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. For almost two years, yahoo has been under pressure to separate its core business from it investments in asian tech companies. On monday, the big announcement finally came. It is official. Verizon is buying yahoo s operating business for 4. 8 billion in cash. It is finally happened. There is a noncore a. P. Component of yahoo that will remain within the Yahoo Holding company for the time being that will be sold off, but probably not for another month
Ramy inocencio has the latest. Ramy we are in the dog days of summer and all my about 18 or 19 on the day. We do have a couple of wins pushing our way with the news from the Stanley Fischer and falling oil, which we will get to. Pretty muchs p are a flat line. Down as well and not a lot of movement here. Go into more specific information with the sectors and their help. Basically 50 50. Utilities right now are of the most and health care had been higher because of that pfizer deal but is paring gains. Most in terms of the sector. Before we get to that, lets talk about asp. Gas is on the rise seeing it best day in the past three weeks or so. Dominion resources are up on the order of 1 . Natural gas is up, deftly off its session highs, but theres a forecast that during the Labor Day Weekend that there might be higher than expected temperatures on the order of three degrees or so across the united states. Oil is on the downtrend. Thats falling by 3 and near session lows with gold and silv
Agreement later on, but nobody really knew, so this really caught able by surprise. This really caught people i surprise. Energy stocks the really big mover on the day. This is the russell 3000 energy, closing out right at the highs of the day there, over 4. 5 gain. Rallying. Ng, energy truly the story of today. Scarlet we have mentioned the rally off the back of oil. 500 closing up about. 5 . Lets look at some individual things. Lets take a look at saudi arabia and stocks. We saw those were down quite significantly yesterday. They were down 3. 4 yesterday. It will be interesting to see it tomorrow, as that part of the world wakes up, if there is an improvement. Mattresse a look at maker, temper seeley tempur sealy. That was down. Finally, you guys all remember blackberry, right . Joe no. Scarlet it was up after it announced it would no longer make its infamous blackberry phone. Thats the end of an era. Remember when we were talking about them and calling them crackberry . I used to fi
Spending a few months getting its ducks in a row, getting ready. We will reserve our right to oppose. Ramy plus, decision day approaches for the fed. Everyone has an opinion. I cannot see any case at all for a tightening. This has been a topic of almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Im ramy inocencio. This is bloomberg best, your weekly review of the most important interviews and analysis from Bloomberg Television around the world. Lets kick it off with a day by day look at the top headlines. When Federal Reserve governors speak, people listen. On monday, Lael Brainard in chicago had the financial world on the edge of its seat. Federal reserve member Lael Brainard, keeping a dovish tone in her remarks today. She said economic progress continues in the u. S. , that the bank would be wise to continue keeping politic loose. She has a dovish reputation. She is concerned about the labor market and international concerns. What do you
As hr practices. Summer suedck last the vc firm Kleiner Perkins and cal field. She said she was preyed on by male colleagues and denied a promotion when she complained about it. Now, she is starting her own consultancy firm. She is starting a tech diversity advocacy group. Advising companies on hiring hr pay practices. After she left Kleiner Perkins, she was the interim ceo of credit. She is also on the board of clipboard and lehigh technologies and is now starting her own consultancy shop. Theyll miss an interview with the former Kleiner Perkins partner ellen pao about her new advocacy venture. That is one year after losing her discrimination lawsuit against the legendary the sea firm. Catch that today at 3 00 p. M. Eastern. We are halfway through a pretty brutal trading day. I want to head to the markets desk where Bloombergs Julie Hyman has the latest. It started in some areas of asia , spread to europe, european banks, and now spreading to the u. S. Economic orders we got in asia,