This is bloomberg surveillance. Francine lacqua in london. They are leaving their key rate unchanged at 0. 5 . This is also interesting because they believe the forecast is little changed since march. We are keeping an eye on this. We were expecting a little bit of news. Nina region the more krone lower. We will ask him about veterinary chart. It is currently at 9404. You can see yen climbing once again. Goal climbing because we are seeing oil. It is the second day that oil is languishing in the bear market. Gene keady can see the stoxx 600 down 0. 4 . Now, the chief Investment Officer and partner at London Capital group. Theme kick off with the on norwegian krone there was some concern that the precipitous drop in oil prices, the fact that norwegian inflation is well below their target, could potentially make some more cautious in their outlook. The headlines are suggesting they cant their outlook little changed. There were some in the market betting on more dovish outcomes. These are
And welcome to power lunch. Im melissa lee. Nasdaq barely holding on up about 2 wi8 points joining the dow and s p 500 which are negative etf that tracks, hitting yet another intraday alltime high and ivb is rally within health care it is on pace for best week of the year esperion, novocure, biggest leaders right now. Thank you we will find out right now which car company has the highest quality of anybody fi phil la boes with that news. Phil the latest survey on initial auto quality, surveying about 80,000 new vehicle buyers. This is what they found. Good news, reliability, quality, people surveyed after owning the vehicle for three months, never higher in all the years theyve been doing this survey 27 of 32 brands improved quality ratings. Top one, kia, for second straight year, ranks as best followed by genesis, which is luxury brand by hundred day and porsche were the top three bad news, people not happy with the Driver Assist sec knotechno are seeing Adaptive Cruise control, lane
Half hour from now it looks likes the s p may be down ever so slightly. European markets were in the red last time i look thank you for spain and for italy, maybe one day well even get a look at the bond market. The tenyear note yield is important right now, particularly given that 2. 14. Wow. Wasnt it supposed to be a 3. 14 yes, i think they were talking around june, at least 3. Not the case a big story were going to talk a good deal more about is oil. Lets get to our road map and start you out with some stocks oracle, shares are up sharply on earnings well look at whats moving that stock. Later, by the way well have an sclouf on interview with mark hurd they want to take a major stake in American Airlines, what is that all about . Smoke em peace pipe . Well try to figure that out to the best we can by the way, what as to yim cramer and Homer Simpson have in common adobes ceo shows us. Hes game. Hes got a demo of its newest product. I want to see that. We have so much to talk about, i
In the biotech names and, again, guys, some real loops here well see if that continues as people dissect what is happening with this Senate Proposal for health care. Well send it right back down to the New York Stock Exchange and the true over at squawk alley. Good morning. Welcome to squawk alley much its 8 00 a. M. At oracle headquarters in Redwood Shores in california. 11 00 a. M. Here on wall street squawk alley is live good morning welcome to squawk alley. Carl has the morning off. Im on this side now. Youre on this side we like to switch it out a little bit joining us this morning, vanity fair special correspondent and General Motors vice chairman and cnbc cbsor bob lutz. Good morning to both of you. We want to Talk Health Care were just getting this draft legislation from the senate. Theyve been working on it in secret were starting to get the details trickling out as we make our way through 140 pages. Were seeing the markets react Health Care Stocks are surging on the back of t
I think we will go out and start. By Ranking Member senator could still be here shortly. I will go and make my Opening Statement and begin testimony. Thank you all for being here this afternoon. I appreciate it. Id like to thank you for your comments last week about what we need to strike. Today marks the first hearing in the Financial Services and general government to committee for the 115 congress. This is also my first hearing in a new role as chairwoman of the subcommittee. As they began the budget request, welcome our witnesses. Fcc chairman and commissioner clyburn and michael are rightly. We look forward to hearing from you all about the budget request and the work you are doing to carry out the agencys mission. Fiscal year 28 team, requesting a total of 322 million. While funding is offset by fees that do not minimize or need to ensure that the agency is operating effectively in the funds are being sent responsibly. This is especially important since these are passed on direct