Equitie been getting pushed around and by Interest Rates amid concerns the solid Economic Growth we have seen could force the Federal Reserve to raise inrest rates more times than answered this year. But a report released today by the central bank appearedo alleviate some of those concerns. And thats when stocks took off. The dow a closed its high of the day, up 347 points to 25,309. The nasdaq added a very strong 127 points. The s p was up by 43. And todays gains helped the major indexes close higher forn the weekhat a week iwas. Here bob pisani. Reporter stocks drifted steadily higher to tth close he dow up more than 300 points. Every day this week weve seen some big intraday swing. Stocks would rise at the open, peak in the milled of the day. There was often not a lot of news o there. Today the rally finally held up. Ower bond yields were a help throughout the day. The dow, which dropped 2500 points, in a little more than a week earlier in the month has recouped from its losses. A r
Talks about the agenda and related issues. He is recently back from puerto rico where heat who word damage to pharmaceutical companies. He will also assess the impact the hurricane had on the u. S. Drug supply. Carly mcwilliams, Senior Advisor to the fda commissioner, a washington correspondent with usa today, jennifer rodriguez, assistant commissioner for media at the usda, dena fine, medicine and Health Editor for scientific america, kathleen quinn, Senior Advisor to the fda commissioner. Here we have lisa matthews, Vice President of hager sharp and coleader of the National Press club Headliners Team. Skipping over our guest for a moment, we have bill pierce. doctor charles snyderman, health and science correspondent for audio video news. Thank you for joining us. [applause] id also like to take one moment to acknowledge additional members of the Headliners Team responsible for organizing todays luncheon. Betsy fisher martin, laurie, heather and press club staff liaison, lindsay. Tha
One minute youre yelling at them to get off their loins and then theyre taking over the world. I like them back home and youre yelling at them. Thats what happened today. Dow dipping 24 points and s p dipping and there are changes underneath. They are about the millennials. What do i mean when i say the kids are taking over . Theres a group of consumers that simply dont behave like any other. Im talking about these millennials. Many of the people who run companies these days, they have not a clue what the Younger Generation is up to or what they think is right or how theyre different from their parents. These millennials frankly, might as well be aliens clever, tricky aliens who arent bound by any of the traditional ways most people believe. Even if you can think like the millennial, it may not matter because of structural issues that prevent you from making changes at your company to please them. You may see the train coming but you cant do anything about it if youre tied to the track
For this earnings season well see if she has what it takes to convince the other traders to buy but firs, we start off with the records now closing at a record high, but the real move came from an unlikely space retail yeah, you heard that right the xlt searching, more than 2 , posting its best day of the year just when we thought it was lights out, target ups guidance push iing that stock to a one month high j. C. Penny, kohls, macys, all up 4 or more. Is this a retail renaissance thats for real . Karen . It might be for real. I dont think the bounce is over it has been down, down, down for months and months and months to have one great day, i dont think that means the party is over you had parties moving a lot. Gap up 6 on the target news, thats just people saying the short trade is over for now. Some of these have just gotten redick louse there is some value there. Im long foot locker. It hasnt traded at this valuation in years is this sustain bable or just something theyre talk iin
Countries say they trust who and more. People had more confidence in President Trump in 13 countries. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Im alisa parenti, and this is bloomberg. Emily this is bloomberg technology. Remainingtrumps Advisory Council members moved to disband it. We will break down the chinese internet giants secondquarter results. My interview with former south Bank President covering everything from southbanks Investment Strategy to his thoughts on bloomberg and self driving cars. To our lead. President trump said he is disbanding to do is two advisory groups. This is after multiple ceos that ton after trump failed to condemn white supremacists. He said rather than putting pressure on the business people, i am ending both. The turnaround from the suite you posted yesterday with haakon which wrote, for every ceo who dropped out i have many to take their place. For the latest developments on this ongoi