Has joined the hit parade. Months to it three join the s p and nasdaq. Has not happened since march 1 since all three close at a record. Like there isem any sort of big fundamental catalyst. We have a jobs report tomorrow, the Economic Data today was relatively mixed, jobless claims coming in a little bit worse than estimated but on the other end, manufacturing data better than estimated. All of it combined to send stocks higher. The dow, what we have seen since march 1, definitely has not been all sideways since then because the dow had a drop to midapril before trying to recover and reacting the record several times before finally perhaps making it today before the end of the session. The three major averages, a chart that looks at them since the election. Returns we have seen, the dow has consistently been the laggards into 2017. After the election, it was the leader for a while and it has been behind, particularly the nasdaq which has been the big winner since the election. One sto
Report. At first glance, it looks like a report that would be quite bullish for oil prices. Is sure when the last time we had this kind of a drawdown in oil inventories. The most it looks like only going back to earlier in may. We have had some drawdowns here back to back. Elsewhere, in terms of what we are watching today, we have stocks rising not by much, but a little bit of a bounce back stocks after a couple of days of declines. I am going to check and see what Energy Shares are doing on my bloomberg. They are up. 6 in the bestperforming group in the s p 500. That definitely lending to some of the gains. On the downside, today we have hewlettpackard enterprise, those shares pulling back by session. Odays the Company Getting a disappointing profit outlook as it is competing more heavily with other companies in the cloud industry. That is one of the biggest laggards we are watching in todays session. We are watching a lot of the automakers today. Weve got a mixed picture as usual. Te
Has joined the hit parade. Months to it three join the s p and nasdaq. Has not happened since march 1 since all three close at a record. Like there isem any sort of big fundamental catalyst. We have a jobs report tomorrow, the Economic Data today was relatively mixed, jobless claims coming in a little bit worse than estimated but on the other end, manufacturing data better than estimated. All of it combined to send stocks higher. The dow, what we have seen since march 1, definitely has not been all sideways since then because the dow had a drop to midapril before trying to recover and reacting the record several times before finally perhaps making it today before the end of the session. The three major averages, a chart that looks at them since the election. Returns we have seen, the dow has consistently been the laggards into 2017. After the election, it was the leader for a while and it has been behind, particularly the nasdaq which has been the big winner since the election. One sto
Has joined the hit parade. Months to it three join the s p and nasdaq. Has not happened since march 1 since all three close at a record. Like there isem any sort of big fundamental catalyst. We have a jobs report tomorrow, the Economic Data today was relatively mixed, jobless claims coming in a little bit worse than estimated but on the other end, manufacturing data better than estimated. All of it combined to send stocks higher. The dow, what we have seen since march 1, definitely has not been all sideways since then because the dow had a drop to midapril before trying to recover and reacting the record several times before finally perhaps making it today before the end of the session. The three major averages, a chart that looks at them since the election. Returns we have seen, the dow has consistently been the laggards into 2017. After the election, it was the leader for a while and it has been behind, particularly the nasdaq which has been the big winner since the election. One sto
Francine and the worlds top automaker at the geneva auto show. All this, plus the weeks most revealing charts coming up on bloomberg best. Hello, i am francine lacqua. Welcome to bloomberg best, a weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets take a day by day look at the top headlines, starting at a bold policy step on monday from the peoples bank of china. Jonathan the big story is the Chinese Central Bank cutting the reserve requirement ratio by 50 basis points to 17 , reducing the amount of capital that banks need to hold in reserve. This hot on the heels of one of the biggest months of new credit growth in china. Is that a story here . Enda you are completely correct. This is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near terms, it will add to credit growth in china, and i guess that will help