A rally that gives building as the day goes on. Which has been a leader all day long, it is now better than 1 . 5 . Dow and as the snp it is commodities given. Driven. Todayals are also rising as the price of underlying commodities are going higher and technology and industrials contributing to gains. A pretty broadbased in utilities. Utilities are the only down right now. Lets take a look at the underlying commodities. You heard Daniel Juergens 50 forecast. Your hearing more strategists come out and raise their forecast for oil. Goldman sachs, they have the latest. The oil is going to a deficit sooner then they had predicted. Now 47 67 a barrel. As bigures not seeing again, but we will see inflows into gold. Lets look at copper. Gold is the best performer in the s p 500. It is raised to a 15 over cap one. Analysts are saying the company will make more moves to the. Ight side of the Balance Sheet those moves are coming soon. It has already been paring down its assets. An apple is a par
Faulty takata airbags. They missed estimates by 34 . Alibaba is kicked off an anticounterfeiting group, amid questions of the platforms and worries about a conflict of interest. Alibaba says it must be part of the global fight against fake. To let us know what you think of top stories, you can follow me on twitter at yvonnemantv and do not forget to include the hashtag trendingbusiness. Singapore and malaysia have just come on a line online. How are they digesting this data . Juliette yes, we were pointing to a next session. That is certainly what we are seeing with the ppi numbers coming through the japan, the yen is weakening so japanese stocks are higher and australia due to the fact that we see Good Movement in base metals on friday. Elsewhere, there is data coming through across the board, singapore and malaysia coming down online, all down between. 1 and 0. 2 . The chinese Economic Data coming through on friday, affecting across the board. Markets up without an interesting note s
Hillary clinton visited a Union Training center in louisville. Sanders won last weeks primary in west virginia, a neighbor of kentucky. After beating 5000 to one odds on their march the premier league championship, Leicester City celebrated what is being called one of the greatest achievements in professional sports history with a victory parade, cheered on by a grateful city. Global news 24 hours a day powered by our journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am shery ahn. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Coming up, the oracle logs on. Warren buffett comes out swinging with two big bets on tech. We will break down the berkshireapple connection. Apple turned heads when it jumped into the passenger seat with didi. We will have details on a potential ipo. Amazon is reportedly working on its own private labels for things like baby products, snacks, and Household Items. There is a launch planned for
Parade, cheered on by a grateful city. Global news 24 hours a day powered by our journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am shery ahn. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Coming up, the oracle logs on. Warren buffett comes out swinging with two big bets on tech. We will break down the berkshireapple connection. Apple turned heads when it jumped into the passenger seat with didi. We will have details on a potential ipo. Reportedly working on its own private labels for things like baby products, snacks, and Household Items. There is a launch planned for next month. Our lead, Warren Buffett, the oracle of omaha, has disclosed a 1 billion stake in apple, announcing it bought 9. 8 one billion shares sometime in the first quarter. Buffett has historically stayed away from tech, saying he doesnt understand it. In late 2011, buffett acquired a 5 stake in ibm. Shares are down some 20 . Apple shares poppe
Shery how did the bigtime investment people feel about the economy . Simply put, we are in the proceed with caution spectrum. We all have to be worried about it. Shery straight ahead on bloomberg best. Hello, and welcome. , your bloomberg best weekly review of the most this news, and interviews from Bloomberg Television. The topgin with headlines. Warren buffett has never shown much of a taste for tech investment but on monday we learned his company has taken a billiondollar bite of apple. Shunnedn buffett has technology companies, staying on the sidelines through two internet booms but Berkshire Hathaway has discovered a stake for his holding of 9. 8 million shares at the end of march. He is also among a Group Bidding for yahoo s assets. Are we reading too much into this . Is he changing his tune . I am sure we would all love to know the answer, but i think we need to put these things in perspective so when it comes to are talking about a billion dollars, which in the grand scheme wou