Hit cities across the deep south. Take a look. Berming lamb, alabama where snow is stuck to the pavement. In atlanta, schools and businesses closed early. More than 100 flights were canceled because of the treacherous conditions. And in mississippi the weight of the snow weighing down the tree branches there. You note what that means. It takes down the power lines and that causes widespread outages there. But even in texas, this is as far south as you can get almost in that state. Look at this. What an unusual state. A beach correspondvered in a bl snow. Its heading this way. Lets go to doug to see who is getting hit next. Doug . That is actually where Hurricane Harvey made land fall. The hurricane and now snow down in that area. Power outages there as well. We could see some power out, too, in our areas. Down in Southern Maryland. If youre seeing snow now, these are the areas that have seen it. This is the area around california, maryland area. This is from youre watching now, man, ke
Power lunch starts right now thank you, michelle your money just keeps pushing higher and higher. The dow and s p hitting new alltime highs tech roaring back as a top performer. Energy lag a bit loyal prices falling today overall, though, a good day for your investments and your money. Straight to bob fisani with more on why theres a monday filled with optimism again. And we are at new highs for several reasons. Lets take a look at the new high s p 500 and the Dow Jones Industrial average new highs because the breadth of the market is widening out last week, tech stocks were losers many losers on the month not anymore. Apple, alphabet, microsoft, facebook when apple is up 2. 5 , thats a huge mover for the s p 500 also, broadening several banks have been moving up in the last couple of weeks even new highs comerica and many of the trust banks like state street, northern mellon. Then industrials a whole swath of the big, big names. Illinois tool works, honeywell, 3m, caterpillar, ingerso
Good morning. Thank you for having me. Great to have you with us straight to the Global Market picture. Comes off a flat week for most of the markets dow had four negative days in a row to end the week, ended flat given it had slight gains monday s p up friday. And nasdaq up a half percent friday 2 for the week. Underperforming sek ter was energy and health care, best performing sector up over 3. 5 . Best week for health care for this calendar year this morning, we are taking a lead around the rest of the world. We have seen gains around the world. Start with asia. Markets closing higher overnight. Hang seng and shanghai, strongest stocks up shy of 1 . Oil prices stronger, firmer overnight. Part of the reason we saw the lift in asia indonesia, singapore, malaysia, Philippines Closed for end of ramadan. Japanese up slightly, despite that takata bankruptcy it was expected. We know the trouble the company had. It was going to be delisted end of july. Still a shock to the market, and some
Welcome to bloomberg daybreak europe. Breaking news coming through on the bloomberg terminal. Toshiba is set to sue western billion. Or ¥120 this is lawsuits rising. Toshiba seeks a permanent injunction against Western Digital. Developed y has talking about memory they delivered earlier. This is email saying theyre 120 billion yen. We will get more on that story and bring it to you. When it comes to rockstar central bankers, there arent many that have the ability to move markets like mario draghi. Have a look at this. This is the euro, and hes pushing it higher. Is atoomberg euro index the highs level since 2015. Look at the bottom of your screen, you will see that. You also see the bund market move aggressively as well. Thats what rocks the market. , where on track quarterly gain in six years. He has shifted the dial in terms of what we can expect from the European Central bank. The barriers to the upside of the euro are potentially getting busted and Political Risks are fading. This
Triple digits, just shy of a record for itself. And were about a quarter of the way through earnings, with 74 of Companies Beating estimates, about 10 higher than the average for the quarter. So is this market about to experience earnings euphoria, guys yes, we have hi, dan hey. Hey thats an inside joke no, i think the market has been experiencing that as well. The vix traded almost below nine today. I think it got down to 903 and the good news is, i think that companies that have been doing well are being rewarded and companies that are not faring as well are being punished you see mmm down 5 today. The earnings we saw that were outstanding were, in fact, outstanding. Led in my opinion by mcdonalds. We talk about it being a 160 stock. It got within 2 cents of that today. Cart pillar continues to surprise me to the upside. Ive been a skeptic for some time but theres no denying when saying that most of these reports, three of four, have been very good karen i agree it looks to me like t