If brian were here, hed know that song i do not im Tyler Mathisen major averages in the green in this next, really, three hours left on this final trading day of the quarter and of the first half of the year the dow getting a boost from nikes rally on the backof its earnings beat out last evening check out whats moving right now. The dow industrials up a little bit. As you look at humana, Becton Dickinson all hitting new 52week highs. Its also the last trading day of the first half. Investors, so far this year, have seen some solid gains bob fisani is on the nyse floor. D dominic chu. Thanks, tyler take a look at the sectors here. The key point is were continuing to see mild resistance in technology for example, semiconductors are lagging a bit. Biotech, which is another Market Leader lagging a bit a lot of talk about this rotation going on. Look at the leaders in june. The big leaders have been tech, particularly Semiconductor Stocks utilities have done well as Interest Rates have sta
Trading 30 minutes until the end of the wednesday session. Stocks rebounding from earlier losses when they were down for the six and second day, worst stretch since november. The sterling was lower ahead of the budget from chancellor Philip Hammond. Still down for the third day. Look at the yields creeping up across europe. Lets talk about adidas. Shares of to a new high today. 8. 9 higher. Biggest gain since november 2008. Raising is sales and earnings forecast through 2020. 2017 forecast ahead of analyst estimates. Business should rise between 20 to 22 through 2020. Raised their outlooks four times in the last year providing a springboard for the new chief executive who did the rain from herbert. Plans to over invest in the u. S. To catch up with nike. We were talking earlier about gold futures falling for a seventh consecutive day. Etf Fund Investors holding on to their goal. Money has been moving out to the etf as physical gold. It is the largest u. K. List. The prospect of higher
Francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. This is a pretty punchy move because we have a new central bank governor. I do not know whether you will have a rupee board that it is extending gains. It will be interesting to see the global disinflation and deflation. This will be a back story at the imf meetings coming up today. Francine this is my repeat chart. It is going to be one of the stories we will be following very closely. This is the date date chart for the rupee. 6. 475, gainingt 0. 5 . More on that rate cut but lets get to the bloomberg first word news. Taylor theresa may wants to change the relationship between the government and londons Financial Services industry. According to senior officials see will just she will refuse to give priority to banks after the u. K. Leaves the European Union. The have dismissed demands for an interim deal. Things have gone from bad to worse in u. S. Russia relations. The Obama Adminis
Deficits. Instead, we have seen the fastest Economic Growth in over a decade, our deficits cut by two thirds, a stock market that has doubled and held inflation in the most and 50 years. 15 years. Among proposals, higher taxes on the wealthy were hiring employers to offer paid sick leave. The republican response was given by newly elected senator joni ernst of iowa. America has been hurting. When we demanded solutions, too often, rob washington responded with the same stale mindset that led to his policies like obamacare. It is a mindset that give us political talking points and not solutions. Remounted japan, the central bank has cut inflation forecast and kept its stimulus in place. The bank of japan says prices will increase in the next fiscal year. The bank of japan says Lower Oil Prices will hurt efforts to reflate reinflate the economy but will help growth in the long run. Now the mystery of the new England Patriots paired according to espn, 11 of the swell football for the patri
Time since 2002. We break that data in under 30 minutes times. Lets look at stocks. They rally after the u. K. Supermarket oust. German rival metro beating expectations on its consumer electronic division. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. All right. Oil continues to dominate the investigator discussion. Oil taking another leg down with wti and brent both slumping around 2 . Near a six year row. The iranian president delivered a fresh warning saying the dramatic drop in prices not only hurts iran but other producers including saudi arabia and kuwait. They defended the decision saying prices would stabilize at profitable levels. He also said the organization had no plans to meet before the next scheduled meeting in june. You can take a look at shares right now of oil trading down about 3 in todays trade. Indeed and the dramatic sell off comes as china reported record crude imports next month. China also posted a better than forecast ris