Close of trading. Julie hyman, how are Stocks Holding up . Julie relatively well. Janet yellen is not derailing the rally, small though it was. We have pretty much made a round trip to where we were before she made her comments about Interest Rates potentially going up at some point this year. There had been some expectation going into her comments that she might be more dovish. Basically, with that more dovish commentary, that created a market reaction. If you look at volume on the bloomberg, it is definitely down. Down, in fact, more than 25 . You see various groups on the s p 500 and the drop in volume. From harvard interviewing janet yellen made a good economy joke, saying there were investors delaying their private jets to the hamptons because they wanted to hear what she had to say. The stocks contributing to most of the gains today, google on the rise after a victory over oracle in court yesterday and a dispute over the origins of android. Verizon gaining after news that it came
Price hike spreads but thats not the whole story. Mylan raised prices more than 100 for 7 products over the last 6 months. Those details also coming up. Cash burn isnt always a bad thing. Well talk to the man known as the dean of valuation about which stocks with negative cash flow he says could be good investment opportunities. Aswath damodaran coming up. Nasdaq and s p could be in record territory dow. Bertha coombs, whens happening . You know, kelly, this is like the Rodney Dangerfield market. Nobody gives it much respect yet the nasdaq continues to grind to new highs and seeing some of the small caps catching up to the big cap indices. Russell 2000 within 3 5 of the alltime high set 13 months ago and this is a big laggard and momentum continues to be in big tech. Chips seeing a new 16year high. Dating back to october 2000. Broadcom among the chip stocks today at record highs. The sector up 16 since the start of july and a big comeback before brexit. Big cap seeing more momentum. So
[ applause ] thank you very much for that, pat. That was very inspiring to think about health as being much bigger than health kcare and trying to find the solutions to get us there. Now we are going to turn to avic roy who has just returned from his money moon. Hes the opinion editor at forbes. He has an interesting back glund includes both medicine and finance. Hes a leading conservative change agent and a sought after president ial campaign advisor. Hes currently advising senator marco rubio and has previously advised rick perry and mitt romney. Hes the principal author of the apothecary, the influential forbes blogs. And he also serves on the Advisory Board. Join me in welcoming avik roy. [ applause ] thanks, nancy, and let me just second what you just said there. Its i really enjoyed what andrew and pat had to say. I think its inspiring to see some people focused on improving the quality of the delivery of care. Its been a tough problem, as you all know, and its been actually diff
Oil prices down more than 1 . Callsbated by a number of , producers, and commodities themselves. Goldman sachs sang mild weather saying mild weather could cause oil to fall below 40 a barrel. Oversupply could continue well into next year. Bloombergchart on the terminal. This is Laguardia Airport weather data. Of 2015a heat map compared to the 10 year average. There have been a lot of months that have been green. Whether fx commodities and retailers. In the new york area, average temperatures are 13. 5 degrees above the average over the past 10 years. We extrapolate that out for new england and you get a significant difference. Pressure,oil under gold prices are rebounding, the biggest gain in some time, which has been battered of late. We have some negative commentary. Gold fall below 1000 in the first half of 2016 before rebounding. It has not fully priced into the affect effect. Expressingups similar sentiments. The dollar is helping gold as, the climbing declining. What are we seein
Could be the worst year in tescos history. Yanis varoufakis says greece and its creditors are narrowing their differences. A european official says the deadline for the reform to unlock funds is now in june. Welcome to countdown. Coming up, the concoction that could make you invincible. A former executive says the key behind brain function is butter in your coffee. That story later on the. Futures trader out of a suburban house has been arrested in london and charged in the u. S. With 22 criminal counts relating to the 2010 flash crash, which went 1 trillion from the u. S. Market on may 6, 2010. He is due to appear for an extradition hearing at westminster magistrate. We are outside his house in hounslow, good morning. What do we know about this man . Ryan we are learning quite a bit. He lived in this neighborhood, it would appear, with his family in west london just beneath the flight path to Londons Heathrow airport. He was presumably arrested around 12 30 yesterday. What we know is