They rise for 20 straight months with all major markets showing growth. Asia markets take their queue from a record close on wall street and the promise of chinese reforms. The shanghai ending with the nikkei at a three week high. Welcome lets get straight to markets and the euro in particular which was soft yesterday but markedly soft today. Took a big leg down about half an hour or so. You can see its 1. 118. Down 1. 2 . This came after the ecb board member expressed concerns about the repettive of european bond sell off. He cited extreme volatility and reduced liquidity and added it will be front loaded ahead of the summer lull. What has this done to equities . They moved in the opposite direction as you can see. Across the board equities are looking strong. Ftse 100 lagging. Its up. 5 where as Continental Europe is up significantly. Italy up 1. 3 . Lets have a quick look at bonds as well which have also seen a little bit of a move. We can see the bond yields slide a little bit. Bac
The changing of the guard alibaba. The company having its best day since the company went public but will new blood help turn the stock around for the long term. Well ask that question. New developments you just heard in mcdonalds plan to turn itself around. Yes, kale is part of the idea. The new ham burglar. Even james franco has been weighing in on the role mcdonalds played in his early career in life. Cant wait to learn more about that. We are watching the markets though with just an hour going into the close. Stocks are near session highs. They opened in negative territory this morning despite the fact that jobless claims came in near a 15year low. You are looking at the dow up by 109 points. S p up by 10 points. Good for. 5 prp the . Interest rates and the european moves have been a big story. Oil down hard today, pushing transports higher. Lets get to our Closing Bell Exchange today. David kudlow from Mainstay Capital Management back with us, cnbc contributor Heather Hughes from
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Shortly after ben bernanke wrapped up his speech. We will get into exactly what he said in a minute. But the homebuilders seem to be kind of impervious to all things bernanke. Gains across the board thanks to strong data on Housing Starts and permits that came out today. They looked pretty good. Oil, though, taking the spill listen, up 2 yesterday. Down more than 2 today. Traders heading for the exits on word and its only word that there may be a ceasefire in all of the tension in the gaza strip. Over the past week, fighting between the israelis and hamas, rockets along the gaza strip, its continue to escalate. Its caused oil prices to spike in fear of supply shortage. Word on the ceasefire reversing those moves today. Again you are hearing signs from both sides, who said ceasefire . Who said that . Its just a word. It might be premature. Lets get to the floor show with traders at the New York Stock Exchange cme group and the nymex. We should start with Elliot Warren who is at the nyme
Check out this video we got yesterday. She had two fundraisers to attend. She is here raising money for the democratic party. Michelle obama has attract add lot of curious onlookers as she moves around town. We were done now and the doors were closed. There was something more exciting than my work out session. I am glad we are here. Looking forward to being with her and hearing her speak. Her motorcade shuts down streets and we have seen donors waiting to get into the event. He is creating a lost excitement. Supporters say they dont mind for any hassle factor she brought to town they excited she is here talking about what a good role model is for women. New this morning, two people are recovering from injuries following a shooting in San Franciscos Portrero Hill on turner terrace after 9 00 last night. The two people drove themselves to the hospital. There is no word on the extent of the injuries, suspects, or motive. A lawyer will release the independent review of the assault on a bla