And spending the consumer wants reliability and the consumer will pay for it thats the lesson of the icr, the big consumer conference i spent all day learning from. A day where the dow gained 150 points, s p climbed 0. 13 and prices were higher earlier today. So many retailers are suddenly doing so well from kohls to childrens place to restaurants like darden. Remember, they are owned by olive garden and then end up with a winner, of course, it is never that easy i think its worth focusing on the consumer side. At least for now even as many of the big gains in the market are coming from what we call the capital good, companies that benefit from the global, not domestic but Global Economic expansion look, ive been recommending boeing for 240 points. Im not whacking away. In fact i think this 318 stock could easily go to 400 bucks caterpillar will be huge, accounting changes in the new tax code and thats not baked into the stock as much as they try to do so united technology, honeywell,
Oil still trudging below 43. Our road map begins with chinas ripple effects across the global markets. Was a secretive News Conference enough to stop the bleeding. Retail sales are rebounding. Some major Retail Stocks falling hard. More pain to come in the sector. Two stocks sinking on secondary offerings. How should investigators make those moves . Futures lower. China allowing is currency to weaken against the dollar for a Third Straight day. Cutting about i 1. 1. The Third Straight day of cuts as applies to markets. You sat here yesterday and said you like the setups and you saw what the dollar was doing. People are going to think these are okay. The dollar is back to being strong. Oil challenging 42. Those stocks were integral to the turn. Interest rates kind of doing nothing. The earnings other than cisco. The retail earnings directly in contrast to the retail sales number. You put macys and kohls together, you have to wonder what nordstrom is going to say. Yesterday was perfect.
We are seeing how this all fits into the focus with theresa may and whether she can work with the labour party in particular. We will be looking to talk about that with our brexit team here at bloomberg. We also have great guests coming up. David thank you very much. Lets get caught up on the markets. Alix here is where we stacked up. Equities have gone nowhere. Volume in europe is pitiful at the moment. I am looking at cable, not necessarily on theresa mays speech, but the chief economist at the boe will talk about where he comes down on the hawks vers us doves side. Selling on the margin coming down on the board. Crude goes down, 0. 8 . There is a risk of oil below 40 if opec does not shock and on the markets. David it is time now for your morning brief. We will get u. S. Job opening numbers and turnover for the month of may. And we will get the keynote address on normalizing the Central Banks Balance Sheet in new york city. Sell 123ury will billion in u. S. 10 year notes. That is al
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/PRNewswire/ Coach USA (the "company"), a leading provider of passenger transportation and mobility services, today announced that it commenced voluntary.