Shanghai composite was flat. In european trading, things are barely changed the dax and ftse slightly higher cac down about 0. 1 . Italian stocks down as well, but in spain stocks are slightly higher checking out wti, still above 50 a barrel sitting at 50. 84 a barrel were following a developing story out of Northern California Deadly Wildfires burning unchecked there. Officials say 23 people have died from those fires. More than 3500 structuring have been destroyed leaving hundreds missing in chaotic evacuations firefighters are battling high winds as they try to contain two dozen blazes spanning eight counties yesterday a mandatory evacuation was enforced in sonoma county. Well get an update from Northern California later in the program. I didnt understand why this had been so hectic why people didnt know to leave and confused they were dealing with winds that were above 70 Miles Per Hour on sunday night when you think about that, that means the fire is moving over 70 Miles Per Hour,
Yesterday it closed at a record, just shy of 23 k, we hit 1000 point milestones five times since the u. S. Election. The s p 500 trading at a record today, although backing off its highs of the session. Nasdaq slightly lower. Trading ranges remain relatively small. Unusual today, a big move in ibm and, of course. Board arnings, a while upwards. We have not seen a positive stock reaction, even when the numbers Beat Estimates and again we see today is the biggest oneday gain post earnings for ibm since a report of the Fourth Quarter of 2008 and january of 2009. This after the tech giant predicted a gain in sales for the first time in quite a wild. While. Use to slowing growth but now a 1. 5 increase yearoveryear in this quarters revenue. Elsewhere, we are looking at banks, they are the best performing groups with financials more broadly and the best performing group in the s p 500, big banks like wells fargo and citigroup and bank of america doing well as we see the 10 year yield balance
Speed in getting them. This is the president s most important domestic agenda item. When are you going to get itp assed . It will be in the presence it will be on the president s desk by them. Says theygroup ceo are raising for a hard brexit. In 00 a. M. Here, 4 00 a. M. London. Here, doingrkets very well amid the morning session. Coming in 19 some 1 on the highly index over a, a milestone here. Midmorning, at 207 peak. We will be looking at a new alltime high. Have a look at the broader picture here in the asiapacific. Japan still in the mix, 1. 8 gain. Dont be surprised if this gets a 24,000. More strength coming through in this market. The only thing across markets here, use of, is here. Send yousef, is here. At the bondk market, its fairly pronounced. N yields a big risk on session, yousef. As is coming back into the equity space. Here are some other Asset Classes in focus. We had u. S. Crude inventories out overnight again. Climbing to the highest in more than three decades. Talk
I am Francine Lacqua in london. Lots to get through. Politics filtering through your currency markets. First things first. Lets check in on your markets. Stocks down with the stoxx 600 down 2 10 of a percent. The euro slipping with most currencies against the dollar after draghis dumbest done vish message. At can see japan, the yen 111. 07 and the south african rand extending losses to a second session after the president jacob zuma survived a bid to oust him. Your data, but lets get to the bloomberg first word news with nejra cehic. Nejra the president at the st. Louis fed said the jury is still out on if the Trump Administration will meet wall street expectations. Some bullard said at point, the honeymoon period will come to an end and washington will need to deliver on policy promises that have driven the stock market. James the business numbers shot up after the election was perceived the president was perceived as more probusiness than the previous administration, washington does
Welcome to power lunch. Im becky quick. Take a look at the markets at this hour, check things out, youll see theyre barely bud budging when it comes to these markets. The dow is flat, so is the s p 500. The nasdaq not even moving by a point. Its the first up day in the last three trading sessions, but up by a point. Oil prices, off a cliff there. Financials are leading the pack with Goldman Sachs among the top performers in the dow. And its another bad day for macys. That stock hitting levels that we havent seen since 2011. All right, becky. Also happening this hour, Global Economic growth should come in at its highest level in six years, but the oecd did cut their forecast for the american economy. Can the president really deliver on his promise for 3 growth . Plus, two Intelligence Agency chiefs saying today they never felt pressure from the president to intervene in the russia probe. All of this comes ahead of james coyles testimony tomorrow. And on a lighter note, go get your ticke