Hell show you how to plug in with the right circuit breaker. And in this market, elmer fudd might have said, be very quiet, im hunting yield but in either trading or toons theres always a pesky wabbit to beware of. Options action starts right now lets get right to it the Home Construction trad on fire this year with both the xhb and itb up double digits the rally comes as Mortgage Rates hit new lows and home bound americans tackle Home Improvement projects but our chart master carter worth tells us this could be on shaky ground carter, what are the charts telling you . Well, the question is at some point is a lot or everything priced in. Its been a great area obviously we know the story thats been in the news about refis and Home Improvement and we know the earnings have been great. But at some point sometimes an area of the market is full, is rich i think thats the premise here. Lets look at a few charts the first is a twopanel all youre looking at is the Home Construction etf on the
Moves its way to the northeast, live to the gulf this morning. Markets this morning trading up, take a look at futures, wild week with triple digit gains for the dow industrials in record territory. Nasdaq up right now is lower but the s p 500 scored a fifth Straight Record high close yesterday and continues higher this morning up another 11 points. Airlines getting turbulence, United Airlines warning 3,000 pilots could be grounded by october. Mornings with maria live right now. Global markets are mixed, take a look at european indices. The cac quarante is up 3 points but the dax index in germany is lower by 17, in asian markets big news, japanese Prime Minister shinzo abe announcing hes resigning. He announced resignation overnight and the news weighing on japans stock. The nikkei average down 1 and a half percent over night. Some of the top stories that we are watching this morning. President trump wrapping up the rnc last night officially accepting the gop nomination for president m
Well right now the Confederate Flag is no longer flying at the South Carolina state house. The honor guard took it down just a little while. It was a brief, short ceremony of huge crowds to watch the historic moment. Lets listen in for a second. [ cheering ] the flag coming down just a little after three weeks of the killing of people at a church in charleston. In that renewed calls for this moment, for the Confederate Flag to be removed from the South Carolina sit capitol. The flag was handed over to the director of the South Carolina confederate relic room where it will be displayed after 54 years of flying above the South Carolina capitol. Thank you christen. There will soon be a legal challenge to virginias decision to remove the flag from the license plates. It go go to court to keep the state from banning the plates. The governor asked the attorney general to work on phasing out the vanity plates. Breaking news right now. Former Virginia Governor bob mcdonald sentence up held. We
Britains most senior diplomat at the european union, sir ivan rogers, has resigned just months before he was due to play an Important Role in the complex negotiations on the uks exit from the eu. Sir ivan faced criticism last month when it emerged that hed warned the Prime Minister that securing a Post Brexit Trade Deal could take a decade. Tonight the bbc has obtained his Resignation Email to his staff in which he urged them to continue to speak truth to those in power and urged them to challenge muddled thinking about brexit. More on that in a moment but first heres our political correspondent, carole walker. Behind the darkened windows, at the Prime Ministers side, as she arrived at last months eu summit, sir ivan rogers tried to keep a low profile. But his warning that it could take the uk ten years to get a new eu trade deal overshadowed what was already a difficult occasion for theresa may. He was criticised for being too pessimistic, though Downing Street said he was just relayi
He just continues to spout reckless ideas that will run up our debt and cause another economic crash. Mark senator Bernie Sanders is thinking about where we go from , here. His Campaign Says that is the theme of his press conference in new york. There were 11th hour appeals before the landmark vote on membership in the eu. The latest opinion polls show rival camps running neck and neck. Israeli Prime Minister Benjamin Netanyahu and u. S. Secretary of state john kerry are scheduled to meet in rome on sunday. From bloomberg world headquarters, im mark crumpton. Bloomberg west is next. Emily im emily chang, and this is bloomberg west. Coming up, will they stay or will they go . We will examine the potential impacts of a brexit on the tech industry. And musk plays defense. The billionaire having a hard time selling his 3 billion proposal for a teslasolar city merger. We will break down why some investors are skeptical. The Global Entrepreneur conference kicks off. Ahead with our interviews