Good morning, it is 10 00 a. M. Here in london and 5 00 a. M. On the east coast. Were expected to set up for a pretty positive day. The nasdaq seen higher by 1. 3 . The upside for the s p 500 and the dow jones expected to open higher by a little bit more than 1 and that follows a strong close in yesterdays trading session. U. S. Market hearsay the second best day of the year. The dow was up nearly 400 points. Its now only 25 points away from exiting correction and the other two markets have already exited correction. Why are we seeing all of that buying all of a sudden . Well theres maybe more stabilization efforts coming from the Chinese Government. We have good trade data coming out of germany yesterday and maybe more and more people are getting used to the fact that the fed hike will come sooner rather than later. Thats the picture were looking at. A lot of green here as well. 1. 73 . Some of the auto makers are doing well, bmw and diamler that suffered as far as their exposure to c
The greek government is obviously still working, which is understandable if you think how few days this government has been in office. We shall wait for proposals and we will enter into talks with them and there will be sufficient opportunities for this. I dont want to comment on every single opportunity bandied about. A person familiar with the matter says they are willing to wait until greece faces a cash crunch, giving them leverage over the antiausterity government. A deal is up in the air with valiant and a pharmaceutical company. Lenovo shares up the most in two years after the Company Reported a 31 rise in the third quarter. The chinese tech giant is the Worlds Largest pc maker started seeing big growth in other areas and boosting smartphone shipments. Their server business is on track for five alien dollars in annual sales after acquiring ibms server business. Now to the lead the fight is on to rule the future of transportation. It may end up being google and one of the compani
Gas prices went down was doing pretty well. They gains across the board. And smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. Kibbles and bits, meow mix, and other classic pet treats. 2. 4 billion dollars in sales for fiscal year 2016. And apple has raised six point 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatriate it and pay taxes. Apple has now raised the equivalent of 39 billion in the bond market in less than two years. And sales of grand theft 5 up, and that is helping take two interactive. Doing quite well. Millions in Digital Sales tied to that one game grand theft a uto, alone. All right to the lead. The fight is on for the future of transportation, and who go up against one of the companies it has invested in, huber. Uber. They are also looking to set up a lab in the Carnegie Mellon home of pit
San francisco, welcome to bloomberg west, where we Cover Technology and the future of business. I am cory johnson. Oil prices on the rebound, brent crude continuing to bounce off the bottom, and brent crude rallied from their low last month, and the head of Capital Management on the impact of oil. Good news about the oil side is it is good for the economy. There are a lot of consumers who have more money in their pocket today than they had six months ago. And the economy even before the gas prices went down was doing pretty well. Cory gains across the board. And j. M. Smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. They make kibbles and bits, meow mix, and other classic pet treats. . 4 billion in sales for fiscal year 2016. And apple has raised 6. 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatriate it an
Forecast by Goldman Sachs today cutting its forecast on the price and that added some of the momentum there, and by the way, were still getting a lot of photographs from you folks around the country of what youre paying for gasoline. I saw the lowest price today coming in once again from oklahoma city. Theyre paying 1. 55 right now. Not too shabby. And so the debate about whether this should ultimately be a good thing for the u. S. Committee continues. Yes, it does. Jo and meanwhile, if you are a regular watcher of cnbc theres a good chance this man wants to hilt you with a massive tax hike. Top democrat Chris Van Hollen joins us to explain his plan for wall street and high earners to fund a jind middle class tax cut. Theres always took he may run for governor of maryland following martin omalley. We have two ceos of mega Drug Companies joining us. The heads of biogen and merck checking in from the Jpmorgan Health care conference. Would you have been seeing megs wonderful interviews al