On the markets. This is a phenomenal asset. The return on those insurance those instruments could be quite spectacular. There is much more growth than a lot of the skeptics think there is. I dont think there is enough confidence today that we have broken out of the 2 growth world. Anchor it is all straight ahead on bloomberg best. Anchor hello, and welcome. Im vonnie quinn. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. Chinas secondquarter gdp data show the second economy continuing to grow at that brisk rate of 6. 9 . Gdp was better than expected. , there expecting 6. 8 estimate of economists at bloomberg. Factories are pumping out goods at a faster clip. Goods production at 7. 6 , more than a full percentage point more than the estimate. Retail sales much better than expected, 11 . We w
Actually saw yesterday. Justin, thank you so much for. No problem. Easy commute weather wise, at least not dealing with any rain, snow, anywhere across the region, quiet forecast coming up for the next few days, enjoy it if you like cold air. Wait for new days, talking about the coldest air since last winter moving in by the end of the week, 35 at the airport, chilly, heavier coats certainly needed this morning, wind out of the west 7 Miles Per Hour, so less than 10 Miles Per Hour but enough to bring the windchill values down to the 20s, what it feels like on exposed skin. Temps ranking upper 20s to the upper 30s, the warmest spot, suburbs around freezing this morning 32 quakertown, 36, mt. Holly, windchills values down to the mid 20s, Lehigh Valley, feeling like 28 degrees in wilmington, low 30s in south jersey. Storm scan3, nice and quiet, big difference than yesterday morning, mid to high level crowds rolling in from the southwest today. Now thats about all we will deal with so mixt
Im rahel solomon. Right now cosbys attorneys are arguing about a key point, which could affect how his criminal trial plays out. The judges determining whether to allow the state to introduce whats known as prior bad act in the form of 13 women who claim cosby assaulted them in the past. Some dating back to the 19 60s. If the judge allows this, cosbys trial could become more of a he saidthey said situation rather than cosby facing only one accuser. The 79 year old comedian is facing ago vaulted indeeds end Assault Charges for allegedly sexually assaulting former temple Womens Basketball coach, andrea constand, at his cheltenham home in 2005. Eyewitness news has been at the courthouse tracking ought of the days developments, starting today at 5 00. This noon, say Florida Gators defensive coordinator jeff collins will be named temples new head football coach. Collins will replace matt rhule who was recently hired at baylor after four season with the owls. Matt rhule led owls to backtobac
, but now the lead has been taken by commodities again. We are seeing a rally in oil prices. Triggered things that this is u. S. Averages. All of them higher. Not huge gains, but some. If you look at the bloomberg commodities, you will see what i am saying. It is a mixed nature in the s p. On the screen. Energy and materials are the best performing groups. Tech continuing to drag. Wti,u look at brent and brent trading above 40 for the First Time Since december. Wti the highest of this year. Investors appear to be optimistic about these meetings between russia and opec nations about a production freeze. And the baker hughes fell to its lowest since 2009. So some optimism about a potential drop in supply. And there are the technicals. A lot of traders have said that put on thehas bottom. Oil stocks are rallying. Exxon mobil, chevron, conoco interbreeding to the gains. Other materials stocks doing well. Dupont has been rising. The european chemical maker is considering a counter bid to do
Trumps rally ends in violence. Protesters jumping on cars. One car actually started to do doughnuts, had a couple of injuries, a couple of people in custody. News station in baltimore, a man in a panda suit shot by a Police Sniper after he claimed to have explosives. Family members of the San Bernardino terrorist. Charges do not involve the shooting. The three pled not guilty. A wave of Severe Weather tore through the midwestern states. I could be dead now. Stormy weather continues, the focus across the southern plains. Flooded. 2016 nfl draft is now officially open. Controversy over the man picked 13th. His twitter account shows someone smoking out of a bonk gas mask. Put away your twitter accounts if you want to be a pro football player. The engine caught fire on an illinois highway. All of the students did get out safely. Cell phone video captured a waterspout napa storm center and pouring rain. This adorable bear cub caught on camera in the backyard. All that matters. I hear theres