Up nearly 20 points. The nasdaq up by 66 points. Green, especially what happened on friday. We have basically erased our losses from friday. It is as if the past two days there really happened. About, itas talking is an energyled rally. Hownt to show you exactly green we are in terms of sectors. Energy is up by nearly 1. 6 . It has been the biggest leader by sector for the entire day. Information technology not far behind. Had been inerials the number two position, now in the number three position. Take a look at where oil has been going to run the day. Just at session highs by a little more than 3 . Highis still a sixmonth not seen since november 4. Goldman sachs increasing its fullyear price in cast to 44. 60 a barrel from 38 36 cents a barrel. Militant attacks in nigeria have been pushing down production, a cut of 30 or so. And there has been increasing demand. Of this, take a look at what is happening with oil majors. Williams company, the biggest riser by 5. 3 . The same for apach
Where julie hyman has the latest. Julie another quiet rally pushing us to new records again for the dow and the s p 500. 51 points, but i track for a record close. The s p 500 as well. The nasdaq has been the big leader with a more than 1 gain on the strength of tech heavy earnings. The s p 500 reached an intraday record over the course the day if you look at trajectory. We saw a record high not that 130. Ago, right around we will see if we see more strengthening into the close. As far as strength in earnings take a look here. Microsoft that is the big one contributing to gains in technology, up six point 5 after cloudbased revenue beat estimates. Performing best performing and the s p 500, a uniform maker whose numbers beat estimates, and intuitive surgical, the maker of the Da Vinci Surgical Robot its numbers beating estimates as more folks, more hospitals ordered robots. Vonnie some deals causing it to move around. Julie it looks like the big year deal is a must a done deal. In beth
Surveillance. I am Francine Lacqua in london, tom keene in new york. The banks are the biggest industry losing ground in europe and you have Credit Suisse, ubs and commerzbank down between 7 and 8 . Tom i would note when i walked in the door american oil was below 40 a barrel. Francisco blanch is going to join us in a bit, but it is a deceptive tuesday. There is a lot going on. Francine lets get to the bloomberg first word news. Japans economic stimulus plan will increase spending by 45 billion this year according to a draft being discussed by the ruling party today. It includes lowcost loans and money for infrastructure and disaster relief. They have been hurt by a stronger yen and week consumer spending. Australias central bank has cut Interest Rates to a record low. They lower the cash rate by a quarter percent to 1. 5 . Inflation and wage growth are at record lows. Warren buffett is challenging donald trump to meet him anytime and anyplace to reveal their tax returns. While campaig
The u. S. Trading day. Julie hyman has been tracking the moves. S p on track for the biggest loss in a month. Backtoback declines in more than a month. Down for seven straight sessions. It has still been a pretty tight trading range for stocks the past couple of weeks even with todays decline. We had been moving incrementally higher. One of the things putting pressure on stocks today is oil. Energy stocks had been holding up their games but now we are seeing below 40 a barrel. We will get the weekly Inventory Data from an Industry Group after the close today. From the government the official data tomorrow morning. 500of the groups in the s p are now lower with the decline in the oil price. Technology shares also putting pressure on stocks today. Apple was downgraded. Samsung is introducing a new phone today about a month before apple is expected to introduce its next phone. We are seeing facebook and amazon decline. There is a story today about the uber sale. Interesting take as we see
Near its goals. My question, why is this time any different . Alix you have to see, are we aing to have a dudley and fisher that are very different. Fisher is on the more hawkish side. What does that mean for yellen on friday . We have bank of americans global head of commodities. An interviewrx, you will only see on bloomberg. It was still a dollar move today. Jonathan an equity move off the back of that. You are looking at futures in the United States. Down 1 4 of 1 . 2 of 1 . Down 1 w speak. Ad a week of saifed the guidance from stan fisher, the interpretation is a right on the rate hike stillo table. A stronger dollar dominating. In the commodity market, stronger dollar, the commodity complex often. Copper down. A big week of gains for crude last week. Wti putting together its biggest weekly pop since march. Supply coming back to the market. Will talk about that later. In the bond market, the yield curve on treasuries and focus on the back of vice chair Stanley Fischers comments ov