Government Officials Say they were released in a swap for detained leaders of the islamic extremist. Nearly 200 girls remain captive but it is unclear how many may have wide. The u. S. Air force is accelerating efforts to increase its firewalls after escalating Cyber Security threats. They are said to be tightening algorithms for networks that control everything from navigation of work lanes to weapons systems. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Scarlet we are 30 minutes from the close of trading in new york. Im scarlet fu. Joe im joe weisenthal. Matt and im matt miller. Joe u. S. Declines hearing by more than half after the s p was brought back from a three month low, but the question is whatd you miss . Data isek chinese trade fostering new doubts about the health of the World Economy is the Federal Reserve is preparing to tighten. Chairmanwells fargo and ceo is out, marking a stunn
Proctor, utx, merck and more. Nikkei had a sixmonth high of a weaker yen. Oil inventories after the bell. Case schiller home prices up 5. 3. Out of road map begins with major blue chips reporting earnings from cat to gm, due paupt and visa. Under armour shares are down double digits, despite a betterthanexpected number. And the latest regulatory issues surrounding at ts merger with time warner. Netflixs Reed Hastings weighing in on the deal. First up, among the dow components out with results this morning, caterpillar beats on the bottom line, misses on revenue, cuts their fullyear guidance saying most of its end markets remaining challenged. And then proctors results are above consensus. Thursday on squawk on the street sara eisen will have an exclusive with p g Ceo David Taylor coming into the job. Says that this quarter marks what he called a good start for the fiscal year, jim. This is a remarkable morning because you see two Companies Like Procter Gamble and dupont putting up 3 or
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
Retail sector is still under pressure. Pandora shares on the rise after activist Investment Firm calling for pandora to consider a sale. Stocks poised to open lower following mondays rally. Futures up 0. 4 as gasoline, medical care and food prices up. April Housing Starts up 6. 6. Well above expectations on a 3. 7 gain. Economy doesnt look too bad this morning, jim. No. A lot of that increase in cpi is gasoline has come up. Thats something that the market likes, which is the craziness of this market. Remember we go to 48 for oil yesterday, and we have an explosion. All the stocks of the companies that do poorly when oil goes higher, but thats all right because oil is meant to be a barometer. We keep telling ourselves that. At a certain point its not a barometer. At a certain point its back to the inflation rate. But at the same time i dont see a lot of strength. I just see a lot of no volume, algorithmic moves in the stock market. Yesterday was one of the worst examples of it because t
Saw wire going to have the trump rally. Within what time frame . I think in the next couple of months. 45 is a number that 45 to 50 is the number the market likes. It does. Yesterday when oil was slumping, thats when the equity started. Its almost as if we get close to that three handle again and people start worrying. The market was just off oil. That was the key thing to watch. You put up a couple weeks of inventory build. Couple weeks of rigs coming back online. Was it supply. I thought it was trump so im confused. Reoccurring worries come back. Well see. 42. 79 touched the lowest level since april. Once it gets three handle again its hard for markets to make headway. What is the level which it stops becoming a positive for the consumer. Remember last time it should have been great at 27. All the banks now everybody can refinance their loans, Energy Companies arent going to go bankrupt. It brings up fears of we had a guy yesterday talking about the recovery long in the tooth. Every