And u. K. Consumer confidence stalled as the threat of brexit clouds the outlook. Hans, its a bit of a change. Looking at these equity markets and we are seeing a little bit of a shine on the market. I decided to put it into emojis for you. In this rally on the quarter with the european stocks that had a poor quarter relative to their u. S. Cousin but if you are underweight or disbelieving of the rally you had an angry face. If you are long on china youre still down 15 . In premarket set for a slightly lower opening with paris down by half a percent. Talk we are going to emojis. Well talk about oil coming in. The reason that is happy is you can guess up your porsche that much cheaper. Nymex there below 30 per barrel. In that same direction, also down and manus, if you are looking for a mortgage at one of your fancy either Marthas Vineyard or nantucket, you can borrow money cheaply. That gives you a sense of how much money is flowing into the states looking for return. Lets get the late
Belligerence that has no place in government. Global news 24 hours a day powered by our journalists in 150 news bureaus around the world. From new york, im mark crumpton. Bloomberg west is next. Emily bloomberg west this is. A third party is helping unlock the San Bernardino gunmans iphone. We break down the methods they may be trying. Permission to build an u anontyle business using a times cars. And how bubbly is the Housing Market . To break down the numbers. The fbis strategy to get out of its messy court case with apple. They say they were identified by a thirdparty with a possible way to get into the phone without apples help. Lets break down the methods the fbi may have in mind. There is a proposal that involves removing the phones memory and copping the content onto a drive. There are reports saying they may be working with an Israeli Company. The company declined to comment. Then there is the equities review created by the Obama Administration to determine if security flaws sh
Also down for the other major averages. Not seeing as much activity today. If you take a look energy and materials are the 2444 groups are the two performing groups, financials as well. Industrials and 10 are in the list as well. There is not a clear pattern in terms of what is moving. Ll,rgy continues to fa even as oil prices have rebounded today. We are seeing a gain of yearly 2 in crude. We continue to have a weakness in energy stocks. Interesting to virgins there. David materials are lacking today as well . Jeffries are downgrading in part because of a big rally recently. Evaluation bounce might have gone too far. In particular, reliance steel. Down by 2 . Analysts say momentum is likely to run out of steam. Homee also seeing a pillars pullback after existing home Sales Numbers euros a month over month decrease of 7 . Ont is putting some pressure the home builders. We have been talking a lot about apple today. That bears mentioning after the company is announcing a smaller iphone a
Released or escaped before the man surrendered. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. From new york, i am mark crumpton. Bloomberg west is next. Cory i cory johnson come in for emily chang, and mrs. Bloomberg west. Coming up, the u. S. Government have dropped his legal case against apple, but should they work with the security flaws not found in the iphone now found in the iphone . And soundcard launches a Premium Streaming Service commitment doesnt match the biggest players in the space . But first to our lead. Countless questions remain one day after the department of justice dropping charges in the case against apple related to the San Bernardino shooters iphone. Counted as a win for tim cook, boosting shares more than 2 in trading. It is a complicated story. Apple never gave in to the government to request, but the government found a way and without apples how it may have exposed a security vulnerability. The laws
They are the highs of the session but that is not saying much. Stocks are up about. 2 across the board. The gains we are seeing are relatively muted today. The nasdaq about. 3 and the volume is low. Look at the volume by sector, all of these are as you see at the top of your screen are down. Telecom and materials Trading Volume seeing substantial declines across the board. 20 dropeing about a versus the 20 day and 100 day averages. If you take a look at oil prices, that is something that is worth mentioning. Were some headlines coming out saying that even though iran was not ready to freeze production now, it would be at some stage. There was commentary iran wants to ramp up its production before they want to do any kind of freeze. They come down and volatility has coincided with an increase in oil prices and stocks for that matter. Bank of america and merrill measure of volatility in white has come down as crude has come down. February 11 is when we saw the short term low and the rebo